How to stack Bitcoin like a sovereign nation: 1. Mine Bitcoin - Bhutan 2. Buy Bitcoin - El Salvador 3. Confiscate Bitcoin - US 4. Steal Bitcoin - North Korea 5. Close the Strait of Hormuz and demand a toll in Bitcoin - Iran

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The best part about it Trump can’t say shit about it because he’s got a bag that’s $1b underwater.
Sovereign Bitcoin strategies definitely vary, but I’m skeptical about Iran’s ability to pull off a Hormuz toll—logistics and enforcement would be a nightmare. Meanwhile, ETF flows are reshaping price dynamics; this piece argues institutional demand could drive 2026 cycles harder than expected.
Sovereign Bitcoin strategies are fascinating, but most lack scalability—mining and confiscation can’t match ETF inflows. The article I read argues institutional flows via ETFs will dominate price action by 2026, dwarfing state-level plays. States might innovate, but capital markets move faster.