- U.S. entities now hold 65% more Bitcoin reserves than non-U.S. entities, marking a record high in global Bitcoin dominance.
- Bitcoin reserves held by U.S. entities rose from a 1.24 ratio in September 2024 to 1.65 by January 2025.
- Pro-crypto policies and ETFs like BlackRock’s helped U.S. Bitcoin reserves surge as the price hit $108,135 in 2024.
The dominance of the U.S.-based entities in Bitcoin holdings has reached an all-time high, marking a significant milestone in the cryptocurrency market. Recent data reveals that U.S. institutions now hold 65% more Bitcoin reserves than their counterparts outside the country. This surge has reshaped global perceptions of Bitcoin’s ownership and the United States’ role in the digital asset economy.
U.S. Bitcoin Holdings Reach Historic Levels
Ki Young Ju, CEO of CryptoQuant, reported that Bitcoin reserves held by U.S. entities have experienced substantial growth over the past year. The ratio of Bitcoin reserves between U.S. and non-U.S. entities increased from 1.24 in September 2024 to 1.65 by January 2025.
In addition, this indicates that U.S. institutions, including miners, corporations, ETFs, and even the federal government, now control a majority share of global Bitcoin reserves. Key players such as MicroStrategy have contributed to this trend by steadily adding Bitcoin to their balance sheets.
Moreover, the growth of U.S.-based Bitcoin ETFs has amplified this shift. Investments from major ETFs like BlackRock and Fidelity surged, driven by Bitcoin’s price reaching its highest-ever value of $108,135.
U.S. Emerges as a Global Bitcoin Leader
Until 2023, non-U.S. entities dominated Bitcoin holdings, particularly when Bitcoin’s price remained below $30,000. The landscape shifted during President Donald Trump’s re-election campaign when his pro-crypto stance boosted Bitcoin’s price and sparked renewed interest in the digital asset market.
Consequently, the rise in Bitcoin’s value significantly benefited U.S.-based ETFs, attracting billions in new investments. As a result, American institutions have taken a leadership position in the cryptocurrency sector, surpassing their global counterparts.
Global Implications of U.S. Dominance
Additionally, the growing influence of U.S. entities in Bitcoin reserves has prompted other nations to reconsider their stance on cryptocurrency. Countries like Russia and Poland have shown interest in building their own Bitcoin reserves. This development highlights the competitive nature of the global cryptocurrency market.
However, not everyone views this trend positively. Economist Peter Schiff has raised concerns about potential price volatility, warning that increased holdings by U.S. entities could lead to massive market corrections.
