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Nation-State Bitcoin Report 2025
2025 Report

Nation-State Bitcoin Report

Bitcoin has entered the realm of national strategy, and the nation-states that recognize it early will hold an asymmetric advantage. This research report maps the shift country by country, covering policy, mining, and reserves, then ranks the twenty nations and territories leading sovereign adoption.

Our Mission

Why Nations Must Act Now

Bitcoin is accelerating from a frontier technology to a cornerstone of national strategy. The countries preparing today will lead tomorrow. JAN3 advises governments to help them understand, adopt, and deploy Bitcoin as a sovereign tool to strengthen reserves, modernize infrastructure, and improve economic stability.

As global debt rises and monetary systems fracture, Bitcoin offers a rare alternative: an absolutely scarce, borderless asset that cannot be manipulated, censored, or inflated away. It unlocks new energy models, enables independence from external shocks, and provides a foundation for long-term national resilience.

At JAN3, we bring the vision and specialized expertise required for this transition. We help leaders move from uncertainty to strategic action, positioning their nations at the forefront of the most important monetary transformation of the century.

Nation-State Adoption Tracker

2025 B20 Rankings

RankCountryBitcoin Adoption ScoreBitcoin Rating
1USA7.42BBB
2Bhutan6.64BB
3UK6.44BB
4El Salvador5.68B
5UAE4.35CCC
6China3.71CC+
7Switzerland3.65CC
8Japan3.50CC
9Próspera2.96C+
10Hong Kong2.93C+
11Argentina2.85C+
12Russia2.73C+
13Czech Republic2.66C
14Pakistan2.52C
15Thailand2.45C
16Finland2.12C-
17Ukraine1.88C-
18Oman1.84C-
19Taiwan1.68C-
20Madeira1.60C-

All data is current as of the end of 2025.

Read the report for the full rankings and detailed nation-state profiles. The methodology and calculations are in the appendices.

How We Can Help

Strategic Analysis

Our strategic frameworks help governments evaluate the role of Bitcoin within national reserves, fiscal planning, and monetary policy.

Adoption Roadmap

Our implementation roadmap offers governments a step-by-step plan for adopting Bitcoin at scale.

Infrastructure Guidance & Development

Our infrastructure support guides countries through the technical foundations required for secure and scalable Bitcoin adoption.

FAQ

Answers to common questions about nation-state Bitcoin adoption and how JAN3 works with governments. If you can't find what you're looking for, reach out to our team.

A strategic Bitcoin reserve is a national holdings strategy in which a country allocates a portion of its treasury or sovereign wealth into Bitcoin. The goal is to strengthen long-term economic resilience by holding a scarce, decentralized asset. For governments, a Bitcoin reserve can serve as a hedge against currency risk, a diversified store of value, and a foundation for future financial stability in a shifting global economy.