The article discusses the changes in Bitcoin's role in global finance, specifically miner reserve accumulation and proposals from India's political structure regarding cryptocurrency reserve management.
Bitcoin Miners Increase Reserves Against Market Trends
Bitcoin miners have significantly increased their BTC reserves despite challenging profitability conditions and Bitcoin trading near its historical highs. According to analytics firm CryptoQuant, since April 2025, miners have added 4,000 BTC to their reserves, reaching approximately 65,000 BTC – the highest level since November 2024.
This accumulation has occurred against the backdrop of declining revenues, which have dropped to $34 million per day, marking a two-month low. Nevertheless, miner selling activity has decreased dramatically, with outflows from miner wallets falling from 23,000 BTC per day in February to just 6,000 BTC.
Initiative for Bitcoin Reserves in India
Pradeep Bhandari, the national spokesperson for India’s ruling Bharatiya Janata Party (BJP), has advocated for creating a pilot program for establishing a sovereign Bitcoin reserve. In his op-ed for India Today, he argues that this initiative could enhance the economic resilience of the country and recognize the legitimacy of digital assets on the global stage. Bhandari pointed out that strategies like the US's Bitcoin accumulation demonstrate how traditional finance is transforming due to cryptocurrencies.
Regulatory Situation of Cryptocurrencies in India
Currently, India's regulatory stance on cryptocurrencies remains ambiguous. While digital assets like Bitcoin and Ethereum are taxed at a flat rate of 30%, there is no formal regulatory framework governing their use, trading, or custody. This duality creates uncertainty and hampers participation from both retail and institutional investors.
In conclusion, Bitcoin miners are shifting their strategies by opting for accumulation instead of sales amid financial pressures. At the same time, the potential establishment of Bitcoin reserves in India suggests new opportunities for the country's economy, although the uncertain regulatory landscape requires prioritization from lawmakers.
