Sovereign Bitcoin reserves stories

May 1, 2026

Czech Central Bank Concludes Bitcoin Reserve Test, Deems Asset 'Too Risky' for Reserves

The Czech National Bank, the first central bank to test bitcoin for reserves, concluded its study after purchasing $1 million in BTC in October. While finding bitcoin more efficient than stocks and gold, the bank determined it is too risky for sovereign reserve holdings.

May 1, 2026·2 sources

Apr 12, 2026

Bhutan Sells 70% of Bitcoin Holdings Over 18 Months, May Have Stopped Mining

Bhutan's bitcoin holdings dropped from 13,000 BTC to 3,954 since October 2024, with $215.7 million moved out in 2026 alone. The kingdom's last mining inflow over $100,000 was recorded more than a year ago.

Apr 12, 2026·1 source

Apr 10, 2026

Bhutan Moves $23 Million in Bitcoin as Holdings Drop 70% From Peak

The Kingdom of Bhutan transferred another 319 BTC to new wallets, continuing a selling streak that has reduced its sovereign Bitcoin holdings from 13,000 BTC to 3,774 BTC. Funds were routed through wallets previously used for sales via Galaxy Digital and OKX.

Apr 10, 2026·3 sources

Jan 29, 2025

El Salvador amended its bitcoin law to comply with IMF

El Salvador amended its Bitcoin law to meet IMF loan conditions, removing the mandatory acceptance requirement for businesses and government.

Jan 29, 2025·4 sources

Top claims

▪Czech National Bank Governor Ales Michl first proposed bitcoin as a reserve diversification tool in early January 2025.
▪Czech National Bank Governor Ales Michl proposed allocating as much as 5% of reserves to bitcoin.
▪The Czech National Bank has moved further than its central bank peers in bitcoin adoption.

Subtopics

Bitcoin Bitcoin regulation Institutional crypto adoption Central Bank Digital Currencies (CBDCs)Bitcoin vs. other cryptocurrencies Strategic Bitcoin reserves

US Strategic Bitcoin Reserve

Bitcoin geopolitics

Bitcoin market analysis

Bitcoin mining

Bitcoin Market Maturation Cycle

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Sovereign Bitcoin reserves stories

Czech Central Bank Concludes Bitcoin Reserve Test, Deems Asset 'Too Risky' for Reserves

Bhutan Sells 70% of Bitcoin Holdings Over 18 Months, May Have Stopped Mining

Bhutan Moves $23 Million in Bitcoin as Holdings Drop 70% From Peak

El Salvador amended its bitcoin law to comply with IMF

Related timelines

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