The U.S. now holds over 200K BTC in a national reserve. Pakistan launched its own reserve in May 2025. El Salvador continues daily accumulation and now holds ~6,000 BTC.
There should be a clear difference between which countries are actually buying bitcoins and which ones are just keeping ahold of bitcoin they have taken or seized from busts. In my opinion, actually buying bitcoin raises more trust and competitiveness towards a country not like other countries who hold so much but a lot of crime were involved.