Indian entities and retail investors collectively hold approximately 1 million BTC, second only to the United States

By: theblockbeats.news|2025/08/04 13:52:16
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BlockBeats News, August 4th, according to financefeeds, industry data shows that India has risen to become the world's second-largest Bitcoin holding country, second only to the United States. Analysts estimate that India currently holds about 1 million BTC, accounting for 5.1% of the total Bitcoin circulation.

Currently, the United States still holds the top spot with a holding of about 7.8 million BTC (40% of the total supply), covering assets held by institutional investors, publicly traded companies (such as MicroStrategy), and Bitcoin seized by law enforcement agencies. The total value of Bitcoin held by India is estimated to be between 115 billion and 120 billion U.S. dollars. This achievement has been made in a challenging policy environment—India imposes a 30% capital gains tax on crypto profits and a 1% Tax Deducted at Source (TDS) on each transaction. These measures were supposed to curb high-frequency large transactions, but local investors' enthusiasm for Bitcoin remains high.

This estimate is not based on government disclosure but is derived from on-chain analysis, exchange data, and industry judgment. Sumit Gupta, co-founder of the Indian exchange platform CoinDCX, pointed out that the surge in holdings is mainly driven by India's large group of tech-savvy retail investors: "Even under policy restrictions, Indian users are still actively buying and holding Bitcoin. If the regulatory environment improves, the growth potential will be limitless."

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