According to data from blockchain analysis platform CryptoQuant, the proportion of Bitcoin reserves held by U.S. entities is currently 65% higher than that of non-U.S. entities. CryptoQuant CEO Ki Young Ju stated that this ratio is derived by dividing the known Bitcoin holdings of U.S. entities (including MicroStrategy, ETFs, exchanges, miners, and the government) by the known Bitcoin holdings of non-U.S. entities.
Data shows that the ratio skyrocketed from 1.24 in September 2024 to 1.66 on December 16. As of January 6, the ratio stands at 1.65. For most of 2023, when Bitcoin's price was below $30,000, the data indicated that the holdings of non-U.S. entities exceeded those of U.S. entities.
Source: Ki Young Ju
In the past three months, Trump, who supports cryptocurrency, won the U.S. presidential election and promised to establish a national Bitcoin strategic reserve, bringing positive sentiment to the entire market and pushing Bitcoin above $100,000. The Bitcoin spot ETF also saw significant trading volume and capital inflows.
MicroStrategy, the largest Bitcoin corporate holder globally, continues to increase its Bitcoin holdings, driving the 'Bitcoin corporate reserve trend'. Several U.S. listed companies have started to purchase Bitcoin, and some companies from other countries are following suit, such as the Japanese listed company Metaplanet.
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