Bitcoin Holdings by Country \ stacker news ~charts_and

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1702 sats \ 28 comments \ @k00b 20h charts_and_numbers

I think it's only a matter of time before they start buying up all the countries and those who already secretly possess it begin to reveal themselves.

176 sats \ 0 replies \ @criptopanas 17h

data from https://bitcointreasuries.net/

168 sats \ 8 replies \ @elvismercury 20h

Interesting to imagine the fortunes of El Salvador + Bhutan w/ btc at 10x purchasing power from today. Also interesting to imagine if they think about the ROI of different efforts they could make toward this end. Does that factor into their thinking?

108 sats \ 7 replies \ @k00b OP 19h

Also interesting to imagine if they think about the ROI of different efforts they could make toward this end.

Like, do they think about ways to get more bitcoin? A lot of bitcoiners seemed think el salvador's imf loan was for that purpose.

When I think about ROI and bitcoin, I tend to think about how nearly everything has worse ROI. I wish it weren't so, but at least historically, it's been more rational to mine and borrow fiat, buy bitcoin, then freeze one's ambitions while the wealth transfer takes place. I see it on the individual scale a lot (I feel like half the bitcoiners in austin are semiretired at least), we see it with Microstrategy, and I'm sure we will or are seeing with states.

208 sats \ 6 replies \ @elvismercury 18h

Like, do they think about ways to get more bitcoin?

More like: We have a ton of bitcoin and would benefit from 10xing the value of what we have. What could we do to make that happen?

One obvious thing to do is the MSTR play: buy bitcoin, a lot of it. But this strategy only goes so far, and isn't enough by itself. So what else could different entities do, w/ the resources they have?

If you're a person, you might say "I will dedicate my life to educating people about btc" or "I will make Lightning as easy to use as possible" or "I will re-architect online community with btc at the center" and all of these things make the whole btc ecosystem more interesting and powerful and so, indirectly, increase the value of your stack.

Now imagine that you're a literal nation state. Maybe a small one, but still. What could you do with your particular resources that could add value that (for instance) MSTR could not accomplish by their hungry hippos model of btc value accretion?

I can think of a few things that seem very high leverage and very (relatively) cheap, in the case of El Salvador. It would be fun to have that be your job -- presumably it is somebody's job.

103 sats \ 5 replies \ @k00b OP 17h

Ah: how can we pump our bags?

We see it in Microstrategy and Saylor are educating institutions. When I started SN, a few bitcoin venture investors told me they wanted indirect returns as much as they wanted normal returns.

At the scale of a country, it gets a lot more interesting.

I can think of a few things that seem very high leverage and very (relatively) cheap, in the case of El Salvador.

Mind sharing? I have trouble thinking of any.

161 sats \ 2 replies \ @elvismercury 17h

One thing that comes to mind is that you could do small but substantive education things, e.g., "El Salvador is going to be at the heart of the new economy" and you create a program that's like an accelerated, btc-focused computer science curriculum for young people in your country, or btc + AI to make it more broadly palatable.

You enroll like fifty people into it per year, hire a handful of hackers / teachers to help them, and give them an education with some kind of public service component. This costs negligible money, but could produce non-negligible results on the btc ecosystem to spit out a bunch of csci-type devs bootstrapped with the proper expertise, especially if you framed it as a prestige thing -- the 50 most promising kids in ES get free rides. Or do it in cohorts of 20 per semester, and each semester helps the kids in the previous semester. Lots of ways to design it if it's a govt program. And the bar is way lower than w/ normal govt stuff -- you don't have to help everyone to make a substantial contribution.

Probably wouldn't be hard to get some super seasoned btc devs / general software types to come in and mentor the students, teach classes, take them as apprentices, etc. You turn it into the Chaincode of the South, give people a free and picturesque place to stay, etc. Play matchmaker w/ btc-centric companies in the North, etc.

227 sats \ 1 reply \ @k00b OP 16h

You enroll like fifty people into it per year, hire a handful of hackers / teachers to help them, and give them an education with some kind of public service component.

They first did that in El Salvador with My First Bitcoin. IBEX/Swan did a short documentary about it: https://www.youtube.com/watch?v=8-tZGwmOOGI. I recall the program has spread to other places like Bitcoin Ekasi in South Africa.

Probably wouldn't be hard to get some super seasoned btc devs / general software types to come in and mentor the students, teach classes, take them as apprentices, etc. You turn it into the Chaincode of the South, give people a free and picturesque place to stay, etc. Play matchmaker w/ btc-centric companies in the North, etc.

Cubo+ goes a bit further and is training them into bitcoin/lightning devs. Niftynei, Jimmy Song, other bitcoiners helped with the goal setting. They've had a few cohorts finish by now I imagine.

It's playing out exactly how you imagine it. At least in a few of these places.

200 sats \ 0 replies \ @elvismercury 14h

Super cool! Let me noodle on a less intuitive idea and see if I can stump you :)

122 sats \ 1 reply \ @elvismercury 17h

When I started SN, a few bitcoin venture investors told me they wanted indirect returns as much as they wanted normal returns.

Makes me excited to hear that people are thinking that way! Any examples of "indirect returns" that were tossed around in those conversations?

0 sats \ 0 replies \ @k00b OP 16h

Increasing bitcoin's utility was what I heard at that time, ~2021. The boomer, digital rock, coin thing was a meme then.

18 sats \ 0 replies \ @BlokchainB 16h

Japan needs to pick it up

17 sats \ 0 replies \ @jamalderrick 17h

I didn't know Ukraine held so much bitcoin. That's interesting.

10 sats \ 0 replies \ @Aardvark 18h

I thought for sure Biden was going to offload all of it before he left just to spite trump.

0 sats \ 0 replies \ @User21000000 15h

When Australia?

0 sats \ 0 replies \ @Manikese 19h

Russia doesn’t want to tell us how much bitcoin they have?

0 sats \ 0 replies \ @Riberet 19h

It seems that the US and China are competing in this as well.

0 sats \ 0 replies \ @cascdr 19h

Ukraine should be holding 0 bitcoin if they're begging the US for money.

That they are is proof it's a fuckin scam. Take their bitcoin immediately for SBR if they want a single dollar more.

0 sats \ 2 replies \ @030e0dca83 19h

I often see information about 40k Ukrainian Bircoin and can't comprehend where this information came from There's no Bitcoin reserve, public mining farms, ETFs, etc So, who is behind these digits?

1 sat \ 1 reply \ @k00b OP 19h

The image has the source on it.

0 sats \ 0 replies \ @030e0dca83 18h

I checked it. There's only 40k digit, as I said

0 sats \ 1 reply \ @Satosora 19h

China holds quite a lot. Is that because of the exchange? The USA one should start going up. I wonder if china and russia will try to keep pace?

17 sats \ 0 replies \ @000w2 17h

China apparently sold those coins

0 sats \ 0 replies \ @NovaRift 19h

Very interesting. But are these the only countries that hold bitcoins, or are there more?

0 sats \ 2 replies \ @Maximux 20h

This is an interesting statistic. It would be nice to see that updated information for January 2025.

0 sats \ 1 reply \ @0xbitcoiner 19h

https://treasuries.bitbo.io/countries/

0 sats \ 0 replies \ @Maximux 19h

Very good website you shared. It has the statistics with quite a bit of detail. Thanks 👍

0 sats \ 0 replies \ @000w2 17h

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