In September 2021 China has banned Cryptocurrency Transactions and prohibited cryptocurrency mining, despite that they are the 2nd largest Government Entity holding 190k Bitcoins

dfmines Cryptocurrency News July 26, 2025 | 0

Other Government Entities Ranking:

#	Name	Bitcoin	In USD	/21M
1	🇺🇸 United States	₿198,012	$23,370M	0.943%
2	🇨🇳 China	₿190,000	$22,425M	0.905%
3	🇬🇧 United Kingdom	₿61,245	$7,228M	0.292%
4	🇺🇦 Ukraine (holdings of public officials)	₿46,351	$5,471M	0.221%
5	🇰🇵 North Korea	₿13,562	$1,601M	0.065%
6	🇧🇹 Bhutan	₿11,286	$1,332M	0.054%
7	🇸🇻 El Salvador	₿6,248	$737M	0.030%
8	🇻🇪 Venezuela	₿240	$28M	0.001%
9	🇫🇮 Finland	₿90	$11M	0.000%
10	🇺🇸 Roswell, New Mexico	₿0	$0M	0.000%
11	🇩🇪 Germany	₿0	$0M	0.000%
12	🇧🇬 Bulgaria	₿0	$0M	0.000%
Total:		527,034	$62,203M	2.510%

Source: https://bitcointreasuries.net/governments