According to the data collected by Arkham Intelligence and Bitcoin Treasuries, the Chinese government's estimated holdings of cryptos in 2024 so far is 11 billion USD, while the United States government holds the top position with 12.2 billion USD. In terms of corporations, billionaire Elon Musk's Tesla ranks only fourth, trailing MicroStrategy's 14.768 billion USD.
According to on-chain data, the following is the list of governments holding the most cryptos in 2024:
| Country | Quantity |
| USA | 12.2 billion USD |
| China | 11 billion USD (estimated) |
| United Kingdom | 3.5 billion US dollars |
| Ukraine | 3 billion US dollars |
| Bhutan | 0.761 billion US dollars |
| El Salvador | 0.342 billion US dollars |
| Germany | 404.88 dollars |
(Chart data source: Arkham Intelligence, Bitcoin Treasuries)
Bitcoin Treasuries statistics show that in terms of enterprise holdings of bitcoin, Tesla ranks only 4th, with a holding value of 5.863 billion dollars. MicroStrategy's holding value has reached 14.768 billion dollars, meaning it has surpassed the holdings of the Chinese and U.S. governments.
(Source: Bitcoin Treasuries)
Bitcoin has rapidly become one of the most popular means of value storage globally. Currently, governments around the world hold billions of dollars' worth of bitcoin and other cryptos, underscoring its role as a modern economic force.
The chart shows that Bhutan has emerged as one of the wealthy countries holding cryptocurrency, currently holding over 0.77 billion dollars' worth of bitcoin.
The country's hold positions are more than double that of El Salvador, a bitcoin-supporting country, with El Salvador holding around $0.35 billion in bitcoin.
In addition, it holds 656.03 ether (ETH), worth $1.52 million. For a country with a population of less than 1 million, this is an exceptionally large investment portfolio. However, it appears that BitDeer is leading a massive bitcoin mining business.
BitDeer, based in Singapore, quietly expanded its mining facilities in cooperation with the Bhutanese government in 2023 and plans to reach a capacity of 600 trillion watts by 2025.
Arkham pointed out, "Unlike most governments, Bhutan's bitcoin does not come from the seizure of law enforcement assets, but from the bitcoin mining business, which has seen a sharp increase since early 2023."
According to data from the International Monetary Fund (IMF), Bhutan's gross domestic product (GDP) is estimated at $3.11 billion, on par with countries like Andorra, Timor-Leste, and Belize. This means that bitcoin accounts for slightly less than 1/3 of Bhutan's GDP.
The country's other hold assets include The Sandbox (SAND), Polygon (MATIC), Binance Coin (BNB), BIM (BIM), and iNFTspace (INS).