The post CryptoQuant: U.S. Bitcoin Holdings Hit Record High — Outpacing Global Peers by 65% appeared on BitcoinEthereumNews.com.

The United States has cemented its position as a global leader in Bitcoin adoption, with U.S. entities now controlling a staggering 65% more Bitcoin reserves than their non-U.S. counterparts. That’s according to Ki Young Ju, CEO of CryptoQuant. This record-breaking dominance reflects the fast-growing institutional and retail adoption of Bitcoin across the U.S. Source: CryptoQuant According to data shared by the executive, the ratio of U.S. to non-U.S. Bitcoin reserves climbed from 1.24 in September 2024 to 1.66 by December 16 and remained steady at 1.65 as of January 6, 2025. That increase comes after a period in 2023 when offshore holdings were in the lead while Bitcoin traded below $30,000. The surge in U.S.-based Bitcoin reserves mirrors pivotal events, including Donald Trump’s re-election in November 2024 and his announcement of plans to establish a national Strategic Bitcoin Reserve. The policy push coincided with Bitcoin reaching an all-time high of $108,135, bolstered by a wave of institutional interest and strategic investments. MicroStrategy Doubles Down on Bitcoin MicroStrategy, a key player in the Bitcoin landscape, continued its aggressive strategy with a fresh purchase of 1,070 BTC between December 30 and 31, 2024. Acquired at an average price of around $94,000 per Bitcoin, that $101 million investment brought the company’s total holdings to an eye-popping 447,470 BTC. With a value exceeding $28 billion, MicroStrategy’s reserves already represent 2.1% of all Bitcoin that will ever exist. Source: BitcoinTreasures Other firms are following suit. Thumzup Media Corporation, a social media marketing giant, recently acquired 9.783 BTC for $1 million, marking its entry into the Bitcoin market just after Trump’s election win. Solidion Technology, a leader in battery materials, announced plans to allocate part of its cash reserves to Bitcoin, while Genius Group committed $120 million to a Bitcoin-focused initiative. In tandem with institutional investments,…

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Filed under: News - @ January 10, 2025 11:24 pm