Countries with National Cryptocurrency Reserves: Overview of Initiatives as of June 2025

Which Countries Are Creating Cryptocurrency Reserves

The trend of forming national cryptocurrency reserves is gaining momentum worldwide. The data includes both already implemented initiatives and projects still in the proposal or discussion stages. The reliability of information varies from officially signed decrees and bills to unofficial statements and rumors. Below is an updated overview of the situation as of June 2025, with examples for key capital cities and comments on credibility.

Washington, USA

In early March 2025, the President of the United States signed an executive order to establish a Strategic Bitcoin Reserve under the U.S. Department of the Treasury. The order took effect after being signed at the White House on March 6, 2025 (whitehouse.gov). According to the document, alongside Bitcoin, a Digital Asset Fund comprised of seized cryptocurrencies will be formed under Treasury control (reuters.com). The initiative has already spurred similar programs in individual states, such as Texas, Arizona, and New Hampshire.

San Salvador, El Salvador

El Salvador was the first country in the world to adopt Bitcoin as legal tender and has been buying 1 BTC per day since 2021. As of the end of June 2025, the state Bitcoin Office has accumulated over 6,223 BTC, valued at around $670 million (binance.com, ainvest.com).

Thimphu, Bhutan

Leveraging cheap hydroelectric power, Bhutan has been mining Bitcoin intensively since 2020 and by June 2025 had accumulated about 12,000 BTC—roughly $1.3 billion, or about 40 % of the country’s GDP (ainvest.com, wsj.com). This places Bhutan third in the world among government entities by crypto-reserve size.

Brasília, Brazil

In November 2024, deputy Éros Biondini introduced a bill to create a state Bitcoin reserve (RESBit), allowing up to 5 % of Brazil’s international reserves to be allocated under the supervision of the Central Bank and Ministry of Finance (coinreporter.io, gate.io). In June 2025, the Chamber of Deputies’ Economic Development Committee approved the draft, but it still requires reviews by other committees and the Senate.

Beijing, China

Cryptocurrency trading remains officially banned in China. According to Bitcoin Magazine CEO David Bailey, citing closed-door meetings with officials, China has been discussing the idea of a national crypto reserve since November 2024, but this remains at the rumor stage with no official confirmation (cointelegraph.com, cryptobriefing.com).

Islamabad, Pakistan

On May 28, 2025, at the Bitcoin 2025 conference in Las Vegas, Pakistan’s Crypto Council head Bilal bin Sakib announced the establishment of a national strategic Bitcoin reserve. He pledged to hold the BTC in a state wallet with no plans to sell (cointelegraph.com, timesofindia.indiatimes.com).

Kyiv, Ukraine

On June 10, 2025, Draft Law No. 13356 was submitted to the Verkhovna Rada to allow the National Bank to include digital assets within its foreign-exchange reserves. For now, this merely grants the right—but not the obligation—to acquire cryptocurrencies (coingeek.com, coindesk.com).

Nur-Sultan, Kazakhstan

In June 2025, the National Bank of Kazakhstan officially supported the idea of creating a state crypto reserve based on seized assets and mining revenues. Management frameworks are being developed via a specialized division (cointelegraph.com, ainvest.com).

Prague, Czech Republic

At a Czech National Bank council meeting on January 30, 2025, Governor Aleš Michl initiated an analysis of a pilot Bitcoin portfolio. If approved, the CNB could hold up to 5 % of its €140 billion reserves in BTC (reuters.com, cnb.cz).

Bishkek, Kyrgyzstan

On May 4, 2025, the first session of the Digital Assets Development Council convened in Cholpon-Ata under President Japarov. Binance founder Changpeng Zhao attended, proposing to include BTC and BNB in the crypto reserve and offering to advise government bodies on its establishment (timesca.com, 24.kg).

Tokyo, Japan

The Japanese government and Prime Minister Shigeru Ishiba rejected Senator Hamada’s proposal to create a Bitcoin reserve, citing BTC’s high volatility and a lack of international precedents (thedefiant.io, cointelegraph.com).

Zurich, Switzerland

On April 25, 2025, Swiss National Bank President Martin Schlegel stated at a meeting that cryptocurrencies do not meet the liquidity and stability criteria required for reserves, and dismissed the idea of holding Bitcoin (coindesk.com, reuters.com).

Canberra, Australia

The Australian government has no plans to create a strategic crypto reserve under U.S. influence; instead, it is focusing on robust regulation of exchange platforms (cointelegraph.com, decrypt.co).

Moscow, Russia

Deputy Finance Minister Kolchev confirmed that cryptocurrencies remain too volatile to be considered for the National Wealth Fund until target liquidity levels are achieved (interfax.com, mitrade.com).

Overall, this landscape presents a wide range of approaches—from active purchases and mining to bills under consideration and categorical rejections. When using these data, it’s important to note each initiative’s status—from official decrees or laws to expert opinions and rumors. For local SEO, such overviews are especially useful when optimized around capital-city queries, helping audiences find information on crypto reserves in Washington, San Salvador, Thimphu, and other key global capitals.