Governments Are Actively Considering Bitcoin as a Strategic Reserve Asset, CZ Says

Changpeng Zhao is once again driving discussions around national Bitcoin adoption. The latest catalyst? A proposal from the Czech Republic's central bank to allocate 5% of its national reserves

Changpeng Zhao is highlighting a new development in the world of Bitcoin adoption once again. This time around, the central bank of the Czech Republic has proposed allocating 5% of the country's national reserves to Bitcoin, which currently translates to an impressive $7.3 billion.

Should this proposal come to fruition, it would mark one of the most substantial state-level Bitcoin acquisitions to date, securing over 71,000 BTC at current market rates.

Zhao has consistently maintained that governments are moving beyond simply observing and are now actively considering Bitcoin as a strategic reserve asset. Earlier, he noted that the race to establish sovereign Bitcoin holdings has already begun, a sentiment that appears to be gaining ground among policymakers.

Several other nations are already exploring similar initiatives. In Switzerland, lawmakers recently initiated a vote on creating a national Bitcoin reserve and even proposed integrating Bitcoin into the country's constitution.

Meanwhile, Hong Kong legislators have introduced discussions about incorporating BTC into fiscal reserves, potentially leveraging the Exchange Fund for long-term holdings. In Chile, lawmakers are forming a congressional committee to assess the feasibility of a national Bitcoin reserve.

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At one point, the idea of national Bitcoin holdings was seen as a bit unusual, but now it is a real conversation piece. As the global economy shifts and traditional financial systems have a tough time, governments are taking a fresh look at Bitcoin. They are not just thinking about it as a way to make money but also as a strategic financial tool.

Top countries by Bitcoin holdings right now

As of January 2025, several governments worldwide have a lot of Bitcoin (BTC), mostly obtained through law enforcement seizures, strategic investments, or mining operations. The U.S. is in the lead with about 207,189 BTC, worth about $21.48 billion, mostly from criminal asset forfeitures, like the Silk Road and Bitfinex-related cases.

China is close behind, with 194,000 BTC, worth $20.11 billion, mostly from seizures like the PlusToken Ponzi scheme. The U.K. has 61,000 BTC, worth about $6.32 billion, and most of that was seized during cybercrime investigations.