Private and government organizations in the United States control 65% more bitcoin than all similar foreign entities combined, according to Ki Young Ju, the CEO of CryptoQuant.
Analysts compared the total bitcoin reserves of miners, exchanges, ETFs, companies like MicroStrategy, government agencies, and other organizations within and outside the United States.
CryptoQuant data indicates that U.S. bitcoin reserves surpassed foreign holdings in the spring of 2024. By September, the gap widened to 25%, and by December, it exceeded 65%.
One of the key drivers behind this trend was the approval of 11 spot bitcoin ETFs by U.S. regulators in January 2024. According to SoSoValue, the total net inflow of these ETFs at the time of reporting was $106.82 billion, accounting for 5.74% of bitcoin’s total market capitalization.
MicroStrategy, known for its large-scale bitcoin acquisitions, also contributed significantly to the U.S. total. As of January 7, 2025, the company held 447,470 BTC, with 258,320 BTC purchased in 2024 alone.
Additionally, 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.
