China to Follow the US Example with a Bitcoin Reserve
Chinese Authorities Consider Creating a National Bitcoin Reserve

As is known, on March 6 of this year, US President Donald Trump signed an executive order establishing the SBR (Strategic Bitcoin Reserve). The fund will be based on assets confiscated by the government. This initiative was one of Trump's campaign promises.

Against this backdrop, Bitcoin Magazine CEO David Bailey reported that China is also actively working on creating its own strategic Bitcoin reserve.

According to him, closed-door meetings of Chinese government officials on this issue began immediately after the US elections in November 2024. Regarding his sources, Bailey emphasized that there are "quite a few staunch Bitcoiners" in Beijing.

According to Bitcoin Treasuries, wallets controlled by US authorities hold 198,109 BTC, most of which is expected to be returned to the Bitfinex exchange.

Data from the same service indicates that the Chinese government holds 190,000 BTC. These assets are linked to the PlusToken crypto pyramid scheme. This amount could make Beijing the largest state owner of digital gold. However, there has been no official confirmation from China regarding possession of these assets.

Most experts believe that the US-initiated "SBR race" will inevitably push various governments to purchase digital gold. The United States is likely unwilling to lose its dominance in the sector and will also increase the volume of the SBR by acquiring the first cryptocurrency.

In any case, this agenda is already starting to have a positive impact, strengthening market participants' confidence in the future prospects of the crypto market.

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