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Data from CryptoQuant shows the share of Bitcoin reserves held by US-based companies has hit a new all-time high, with US holdings amassing 65% greater than those of offshore counterparts.  CryptoQuant CEO Ki Young Ju shared the findings on X. He pointed out that the ratio compares the Bitcoin holdings of known US entities, exchange-traded funds (ETFs), exchanges, miners, and the government against those held by offshore entities.  🇺🇸 U.S. entities’ #Bitcoin reserve share hit ATH, now 65% higher than non-U.S. entities. pic.twitter.com/SSgotY6RL8 — Ki Young Ju (@ki_young_ju) January 9, 2025 The data revealed a sharp rise in the ratio from 1.24 in September 2024 to 1.66 on December 16, 2024, and it stood at 1.65 as of January 6, 2025. For much of 2023, when Bitcoin traded below $30,000, offshore entities reportedly held a greater share of Bitcoin reserves. MicroStrategy leads U.S. holdings Looking at the global BTC corporate holdings list, eight of the top 10 corporate holders of BTC are based in the United States, with only Canada’s Hut 8 Corp and Hive Digital appearing on the largest holders’ tally. As of January 2025, US-based MicroStrategy stands as the largest corporate holder of BTC, with a staggering 444,262 BTC, valued at approximately $41.4 billion. This amounts to more than 2% of the total Bitcoin supply.  Second in the rankings is crypto mining company Mara Digital, whose BTC reserves stand at 26,842. It is followed by asset manager and crypto ETF platform Galaxy Digital, which has 15,449 Bitcoins. Tesla, another major US player, ranks as the fourth-largest holder, with its $1 billion investment dating back to February 2021. Tesla also began accepting Bitcoin as payment for its electric vehicles around the same time. Other significant holders in the US include cryptocurrency exchange Coinbase Global, which holds BTC valued at…

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Filed under: News - @ January 9, 2025 10:21 am