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Bitcoin Adoption Is Shifting From Individuals to Governments, Says Crypto Analyst — Nation-State Holdings Jump as US Leads With Nearly $28 Billion …
Benzinga ·
Benzinga reports: Cryptocurrency analyst Willy Woo said on Monday that Bitcoin adoption by nation-states “outsripped” individual ownership. Nation-State BTC Ownership Surges Woo cited a chart from Bitcoin-native company River showing that the number of countries holding Bitcoin rose from two in 2016 to as many as 23 in 2025. The report found that individuals reduced their Bitcoin holdings by 696,000 BTC in 2025, while nation-states added 135,000 BTC in the same year. River projected…