U.S. Bitcoin Holdings Surpass Overseas by 65%

Private and governmental entities in the United States collectively hold 65% more Bitcoin than their counterparts worldwide, according to Ki Young Ju, CEO of the analytics platform CryptoQuant.

Researchers compared total Bitcoin reserves held by crypto miners, exchanges, ETFs, companies like MicroStrategy, governmental bodies, and other organizations inside and outside the U.S.

Based on CryptoQuant’s data, U.S. holdings first exceeded those of non-U.S. entities in spring 2024. By September, the gap widened to 25%. As of December, the difference surged past 65%.

One key factor for U.S. dominance is Bitcoin ETFs. In January 2024, American authorities approved 11 spot-based Bitcoin funds. According to SoSoValue, the total net inflow to these ETFs now stands at $106.82 billion, representing 5.74% of Bitcoin’s overall market capitalization.

MicroStrategy, known for its massive BTC acquisitions, also significantly contributed to the U.S. total. As of January 7, the firm held 447,470 BTC, with 258,320 BTC purchased in 2024 alone.

Context

• On December 30, 2024, a U.S. federal court authorized the Department of Justice to sell 69,370 BTC seized from the Silk Road marketplace.