According to Foresight News and CryptoQuant data, as of January 6, the ratio of U.S. entity Bitcoin reserves to non-U.S. entity Bitcoin reserves reached 1.65, with U.S. entities holding 65% more Bitcoin reserves than non-U.S. entities. This ratio is derived from dividing the known Bitcoin holdings of U.S. entities (including MicroStrategy, ETFs, exchanges, mining companies, and the government) by the known Bitcoin holdings of overseas entities.