Coinbase Executive Confirms 40 Nations Commit to Bitcoin Reserves

On July 1, 2026, Coinbase Head of Institutional Strategy John D’Agostino reiterated that more than 40 countries have committed to acquiring Bitcoin for national balance sheets, framing the development as a structural long-term demand driver. The claim, first reported June 30, refers to commitments and pilots rather than confirmed open-market purchases. Public trackers still list only 13 sovereign holders totaling 649,946 BTC valued at $37.9 billion, with the U.S. Strategic Bitcoin Reserve—launched in 2025—already holding 328,000 BTC as precedent. Near-term price action continues to hinge on ETF flows and macro conditions despite the expanding sovereign narrative.