Coinbase Head of Institutional Strategy John D’Agostino told CNBC viewers this week that more than 40 countries have committed to bitcoin in some form for their national balance sheets.
Key Takeaways:
D’Agostino said over 40 countries have committed to buying bitcoin as of June 2026.Public trackers show only 13 governments with confirmed BTC holdings worth $37.9B. Some of those holdings are contestable and not proven.Traders should watch for confirmation as commitments turn into buys.Near-term price action still depends more on exchange-traded fund (ETF) flows, corporate treasury buying, and macro conditions than on sovereign commitments that have not yet turned into purchases. Traders watching for confirmation of D’Agostino’s claim should track and follow announcements from central banks and sovereign wealth funds rather than treating the 40-country figure as a count of active buyers.
