Nation-State Bitcoin Adoption Trends in 2026: El Salvador, Bhutan, and Sovereign Treasuries

In 2026, nation-state Bitcoin adoption presents a bifurcated landscape. El Salvador, under IMF pressure, has scaled back Bitcoin's legal tender status but maintains a strategic BTC reserve, while Bhutan pivoted from mining-based accumulation to strategic liquidation for infrastructure development. Globally, a select few actively manage Bitcoin as a strategic reserve asset, while others opportunistically hold or sell seized BTC, highlighting its evolving geopolitical significance.