i bet there are other nations that secretly stack sats.
That is for sure.
They don't just want to make a noise that they're in and if there's money on it, why waste effort into making noise while making money silently?
While Bitcoin is already on the mainstream, maybe in reality there are still a very few number of countries that still don't know or don't like Bitcoin.
But if they're going to use their resources and secretly mine and accumulate sats then they'll benefit from it. They don't have to invest a lot but if their country is plausible for greener energy and the climate is better, that's a great prospect to start mining with them and have those equipment delivered to them and have it setup so that it can start make money for them.
not only governments but many politicians as well. this is one very good avenue for them to hide their riches, right?
so more then likely a lot of politicians esp those with high percentage of corrupt officials are silently accumulating some of these cryptocurrencies. a lot of them are holding their crypto discreetly to avoid criticisms as well as not disclosing their wealth to the public. you won't tax a person if they don't declare this in their assets.
It's much better if it goes to the actual government rather than individual politicians because with its actual government, the fund will go actually to the government and can be spent into good programs. While if it's with these politicians, they can conduct it individually and that can be a private operations on their own.
While they have the money to buy the equipment and start their own mining operations. No one can even know that they're into it while running it and acting as government official.
Well, it's being considered that politicians are also the government because they're part of it but in some countries, it's known that they can't be trusted with public's fund.