The career to accumulate Bitcoin started, what would happen if Japan joins?

A century ago, nations competed for gold to support their coins. Today, in the middle of 2025, the race is by Bitcoin (BTC), active that many consider digital gold that promises to redefine global economic power. This process began in 2021, when El Salvador began to accumulate the digital currency. Now the United States is creating a strategic reserve, while Bután advances silently. But if Japan is noted in this race, he could turn on a financial revolution that would eclipse the past fever of the past.

A global fever for accumulating Bitcoin is taking shape, and the contestants are not only corporations, but also entire nations. The United States, El Salvador and Bután refine their strategies in the integration of digital currency in its national reserves, While companies such as Strategy (previously Microstrategy) and the newly trained Twenty One, fiercely compete to dominate the corporate market.

The idea that Bitcoin can become a national reserve asset has ceased to be a simple idea to become a tangible reality. This after the president of the United States, Donald Trump, signed an executive order in March which establishes a strategic Bitcoin reserve.

To create it, the confiscated bitcoin will use in the first instance that at some point became 400,000. It is estimated that after the sale of 200,000 BTC there are still coins in the hands of the government, but a process to determine how many are. And after that, there is the possibility that the country acquires thousands of BTC.

A project introduced by the American senator Cynthia Lummis raises the acquisition of 1 million bitcoin, to achieve this, the country would position itself as leader in the digital economy of the 21st century.

Meanwhile, El Salvador, which recently transformed the law that turned Bitcoin into course currency, has accumulated more than 6,000 BTC and maintains a policy of buying a daily BTC to strengthen your reservation. This approach, led by President Nayib Bukele, seeks to gain sovereignty and protect the Salvadoran economy against the volatility of the dollar.

For its part, Bután maintains a low profile, but no less ambitious. Although the Buddhist kingdom is reserved on its plans, it is known that it has a Bitcoin reserve that exceeds 7,000 coins, probably obtained, in part, through its mining operations with hydroelectric energy. His secretism reflects a cautious strategy, but his participation in the «career for Bitcoin» is undeniable.

However, other nations such as China, the United Kingdom, Ukraine and North Korea are also part of this race, although with alerts about their intentions. This is because while China, which once accumulated 194,000 BTC from the confiscation of the Plustken scheme in 2019, seems to have sold much of its funds.

While countries such as the United Kingdom and Ukraine evaluate their reserves of 61,245 BTC and 46,351 BTC, respectively. North Korea, meanwhile, accumulates 13,562 BTC through illegal activities led by the Lazarus group, but its opacity generates uncertainty about whether it plans to retain or liquidate them, which adds an element of caution to its participation in this race.

Nations vs. Corporate Titans Which will accumulate more bitcoin?

While nations delineate their strategies, the private sector is not far behind. Strategy, directed by Michael Saylor, is Bitcoin’s largest corporate holder, with 534,741 BTC valued at more than 50,000 million dollars to April 2025.

Since he adopted Bitcoin as his main reserve asset in 2020, the company of Michael Saylor has transformed its business model, using financial instruments such as convertible bonds to finance BTC mass purchases. His strategy has triggered the value of his actions, surpassing the S&P 500 and consolidating it as a reference on Wall Street. For all this, Strategy is a strong competitor in the global race for the accumulation of BTC.

However, a new contender has broken into the scene. This is Twenty One, led by Jack Mallers, founder of Strike. With an initial treasure of 42,000 BTC (about 3.9 billion dollars) and the support of giants such as Tether, Softbank and Cantor Fitzgerald, Twenty One is presented as a “Bitcoin” native company designed to overcome Strategy.

Mallers has directly challenged Saylor, stating that his model, based on metrics such as Bitcoin per action (BPI) and Bitcoin Return Rate (BRR), offers a more efficient exposure to the currency created by Satoshi Nakamoto. «We are not here to overcome the market, but to build a new one,» said Mallers, as previously reported by cryptootics.

Japan: a giant who threatens to be included in the race by Bitcoin

In the midst of this race, Japan is emerging as a possible weight contender. The third world economy faces significant challenges. And that is because its national currency, the Yen, is weakened, product of the tariffs imposed by the Trump administration and a record sale of American treasure bonds. In this context, legislators such as Satoshi Hamada, a member of the Upper House, are advocating a strategic Bitcoin reserve to protect the Japanese economy.

The entrance of Japan in the race to accumulate Bitcoin would have deep implications. As the largest Foreign Treasury Bonds of the US Treasury, Japan could diversify its reserves to Bitcoin, sending a powerful signal to other Asian countries such as South Korea and Singapore. In addition, its advanced technological infrastructure and its regulation history for the cryptocurrency industry (forged after Mtgox hacking in 2014) position it as an ideal candidate to lead adoption in Asia.

Although the creation of a Bitcoin reserve by Japan still seems distant, since the issue is barely found in the stage of legislative discussion, the growing enthusiasm and impulse that the initiative is taking invite to reflect: What would happen if Japan finally approves a strategic Bitcoin reserve and adds to the race to accumulate this cryptoactive?

In cryptootics, we consider that, being a global actor of great relevance, Japan’s entrance could unleash a series of chain events with a significant impact on the Bitcoin ecosystem, among which they stand out:

• Acceleration of global adoption: The participation of a G7 economy such as Japan would further legitimize Bitcoin as state reserve asset, pressing other nations to follow their example. Countries such as Russia, United Arab Emirates and the European Union, which until now have been cautious, could reconsider their positions.
• Reconfiguration of financial influence: A Japanese Bitcoin reserve could reduce the dependence of the US dollar and bonds, challenging US financial hegemony. This would align Japan with Saylor’s vision of a «digital capital» that redefines the global economy.
• Intensified corporate competition: Japan’s entrance, together with the boom of Twenty One, could inspire more Japanese companies, such as Metaplanet (already owned 4,855 BTC), to adopt strategies similar to those of Strategy. This would intensify the corporate career, with SoftBank and other Japanese technological firms potentially joining the game.
• Impact on the price of Bitcoin: With Japan accumulating BTC, institutional demand would increase, potentially raising the price. Currently quoting about $ 92,000, Bitcoin could reach a new historical price, as Anthony Pompliano predicted, promoted by the «mania» of institutional and national purchases.