According to data from CryptoQuant, Bitcoin reserves for U.S.-based entities have tripped back above 65% held offshore. The analysis, released on January 6, highlights a 1.65 to 1 ratio between U.S. Bitcoin treasuries relative to those of non-U.S. institutions.
As continued institutional adoption and regulatory progression drive U.S. reserves to a surge, we reach a key moment in Bitcoin’s global ownership picture.
But spot Bitcoin exchange-traded funds (ETFs) were approved by the Securities and Exchange Commission (SEC) as early as 2024. Within a year, these ETFs quickly became a hot product, accumulating investor assets worth over $110 billion. With that, more than 5 percent of Bitcoin’s market capitalization can be accounted for, reflecting the increasing appetite for regulated cryptocurrency investment products.
U.S. Bitcoin Reserves Surge Amid Regulatory Clarity
The adoption also went to the corporate rides, with companies like MicroStrategy leading the charge. Michael Saylor’s Virginia-based business intelligence company has boosted its Bitcoin holdings to 258,320 BTC at a price of $22.07 billion. 21/21 is Saylor’s initiative to make Bitcoin a core corporate reserve asset.
And after a shift by President Donald Trump from Bitcoin sceptic to staunch supporter, the market has been galvanized further. A new era of federal crypto support appeared to be underway following Trump’s re election, with Trump pledging to set up a national Bitcoin reserve. With the optimism of the market and pressed by this announcement, Bitcoin hit an all-time high of $108,135 in late 2024.
We have seen broader changes in U.S. policy and popular acceptance of Bitcoin. According to a survey by Bitwise Asset Management and analytics firm VettaFi, 96% of wealth advisors said that client interest in cryptocurrency grew during 2024. The study also found a 11% boost in investor crypto allocations to help augment their portfolios with digital assets.
While the price of Bitcoin dawdled below $35,000, offshore entities continued to hoard Bitcoin on reserve through the rest of 2023. But the U.S. quickly closed the gap, thanks to regulatory clarity and ETF inflows, along with corporate acquisitions.
This is the latest data that shows that the U.S. is becoming a world leader in Bitcoin.
Europe is also becoming an important player in the adoption of Bitcoin, but the U.S. keeps playing an outsized role in Bitcoin adoption as the cryptocurrency is evolving as a mainstream asset of use. Bitcoin’s course is being driven with institutions, policymakers, and retail investors racing behind it, which could transform the global financial landscape.
Experts believe that U.S.-led Bitcoin growth could promise to sustain itself over a number of future years based on the addition of regulatory progress, business intrigue, and constructive market sentiment.
