Willy Woo: About 8% of Countries Have Policies to Buy or Hold Bitcoin

Woo's distinction between holding and having an explicit buy-or-hold policy is the more telling part: it separates passive, inherited or seized reserves from deliberate sovereign strategy, suggesting the policy layer still lags actual ownership. That gap is what gives the numbers weight, since a country can hold bitcoin without signalling intent, and intent is what moves markets and peer governments. Whether more states formalise holding into stated policy, rather than simply sitting on coins, is the open question.