🛸 CASE FILE #244

Governments Are Holding LESS Bitcoin in 2026.

Tracked government holdings have reportedly fallen from 647,231 BTC to 645,596 BTC — a net decline of 1,635 BTC this year.

Bhutan's tracked holdings alone dropped 91%, while Kazakhstan and El Salvador were the only countries showing increases in the dataset.

Governments still hold roughly 3.07% of Bitcoin's total supply. But the accumulation narrative isn't as simple as it looks.