The creation of a US crypto strategic reserve has sparked a global wave of interest among nations looking to hold digital assets like Bitcoin. Here are some of the countries showing enthusiasm for building their own crypto reserves.
National crypto reserves have become a major trend this year, following the U.S. decision in March 2025 to establish its own Strategic Bitcoin Reserve. This move, initiated by President Donald Trump through an executive order, involved using around 200,000 BTC seized by authorities over time.
Data from Chainalysis highlights that strategic crypto reserves are increasingly viewed as a hedge against inflation, offering an alternative to traditional reserve assets such as gold and the U.S. dollar.
According to Bitcoin Treasuries, 12 governments currently hold Bitcoin, including early adopters like Bhutan and El Salvador who are leading the way. The United States tops the list in BTC holdings, with China trailing closely behind.
Recently, a number of countries have begun exploring the idea of adding cryptocurrencies like Bitcoin, Ethereum (ETH), Solana (SOL), XRP, and others to their national reserves, inspired by the US crypto strategic reserve initiative.
Here are five countries that have recently shown interest in creating their own crypto reserves, following the example set by the United States.
Countries Poised to Follow the US Crypto Strategic Reserve Trend
Indonesia
Local crypto advocacy group Bitcoin Indonesia was recently invited to meet with Vice President Gibran Rakabuming Raka to discuss a national Bitcoin strategy. On August 5, the group revealed that the Indonesian government is considering whether Bitcoin could be incorporated into its national reserve system. While cryptocurrency trading is allowed in Indonesia, its use as a payment method has been banned since 2017. Additionally, the Ministry of Finance recently increased taxes on crypto transactions both domestically and abroad.
Brazil
Unlike Indonesia, which is still in the early stages, Brazil is moving closer to formalizing a national Bitcoin reserve. A public hearing for a bill that would permit up to 5% of the country’s treasury reserves to be invested in Bitcoin is scheduled for August 20 before the House of Representatives. If passed, the legislation could authorize an investment of around $15 billion, potentially making Brazil the next nation to join the US crypto strategic reserve trend.
India
In July, members of India’s ruling Bharatiya Janata Party called for the creation of a strategic Bitcoin reserve, according to a report by the SCMP. Party spokesperson Pradeep Bhandari emphasized that India’s rapidly growing economy presents a “unique opportunity to lead.” While India has not yet established a formal crypto reserve like the US, it does hold Bitcoin acquired through criminal seizures over the years.
Kazakhstan
In late June, Kazakhstan’s central bank announced plans to develop a detailed strategy for creating a state crypto reserve along with the necessary legal framework. Echoing the US model, which aims to fund the reserve without using taxpayer money, National Bank Chairman Timur Suleimenov stated that Kazakhstan’s reserve will be financed using seized cryptocurrencies and assets mined through state-backed operations.
Pakistan
In late May, Pakistan also announced plans to establish a sovereign Bitcoin reserve. Michael Saylor, chairman of the largest institutional BTC holder Strategy, has offered to advise the country on setting up its crypto reserve. The initiative plans to power Bitcoin mining using unused electricity, securing BTC in a national wallet and dedicating 2,000 megawatts of electricity for state-run mining infrastructure. Pakistan’s efforts mirror the US crypto strategic reserve, and the country has already partnered with early BTC reserve adopter El Salvador to share expertise on building a Bitcoin reserve.
