Government companies implementing strategic bitcoin reserves.

Key Takeaways:

Institutional and sovereign wealth fund interest in Bitcoin surged in April 2025, contrasting with retail exits via ETFs and spot markets.
Governments and financial bodies are increasingly using Bitcoin to hedge against inflation and currency devaluation.
Bitcoin’s market cap now exceeds Google’s, placing it among the top five global assets by value.

In April 2025, institutional interest in Bitcoin surged, driven by sovereign wealth funds and major financial entities, according to John D’Agostino, head of strategy at Coinbase Institutional.

Speaking on CNBC, D’Agostino compared Bitcoin to gold, emphasizing its core attributes—scarcity, immutability, and portability—as key reasons why it appeals to institutions seeking a hedge against inflation and economic uncertainty.

He noted that Bitcoin is now trading on its fundamental characteristics, aligning with the expectations of long-term believers in the asset.

This trend stands in contrast to declining retail investor activity, as many exited via exchange-traded funds (ETFs) and spot markets.

It marks a broader global movement where governments and financial entities are turning to Bitcoin to protect their purchasing power amidst fiat currency volatility.

Coinbase confirmed on national television this morning that sovereign wealth funds are buying bitcoin in the last few weeks, but no one seemed to notice or care.

That would have been unfathomable just 2-3 years ago.
— Anthony Pompliano 🌪 (@APompliano) April 24, 2025

Nations such as El Salvador and Bhutan have incorporated Bitcoin into their national reserves, and several municipalities and states are exploring or enacting pro-Bitcoin legislation.

Highlighting its ascent, Bitcoin recently surpassed Google in market capitalization, placing it among the top five global assets, ahead of Amazon and Silver.

This milestone reinforces its status as a supply-limited, decentralized digital store of value since its creation in 2009.