Central banks bought 12,000 BTC in April — the largest monthly sovereign haul on record

Central banks and sovereign wealth funds acquired an estimated 12,000 BTC in April, the largest monthly sovereign accumulation on record, according to on-chain analytics firm Glassnode. The buyers are not public, but wallet clustering analysis points to entities in the Gulf states, East Asia, and Latin America. For context, the U.S. government holds roughly 200,000 BTC, mostly from seizures. These new positions were built on the open market. When central banks buy gold, it signals distrust of fiat. When they buy Bitcoin, it signals something sharper: distrust of each other’s fiat. The dedollarization thesis is no longer a crypto talking point. It is a central bank balance sheet line item.