As of January 6, 2025, U.S. entities hold 65% more bitcoin reserves than non-U.S. entities, with a ratio of 1.65 according to CryptoQuant data.

This ratio of bitcoin holdings by U.S. entities has seen a significant increase from 1.24 in September 2024 to 1.66 by December 16, 2024, stabilizing at 1.65 as of early January 2025.

The substantial investments in bitcoin by U.S. institutional investors have sparked discussions in countries like Russia and Poland about the potential establishment of their own bitcoin reserves.

However, not everyone is in favor of this trend; Steve Hanke, a professor at Johns Hopkins University, criticized the idea of a U.S. national strategic bitcoin reserve, arguing it diverts funds from productive investments that create jobs and drive innovation.

In contrast, during 2023, offshore bitcoin holdings surpassed those in the U.S. while the cryptocurrency traded below $30,000.

Following Donald Trump's re-election as U.S. President in December 2024, he pledged to create a national strategic bitcoin reserve, which significantly boosted market sentiment.

This promise contributed to a surge in trading activity for spot bitcoin exchange-traded funds (ETFs), which accumulated over $108 billion in total net assets, representing 5.74% of bitcoin's market capitalization.

As of January 9, 2025, bitcoin is trading at $94,271, reflecting a slight decrease of 2.21% over the past 24 hours.

MicroStrategy, co-founded by Michael Saylor, continues to lead corporate bitcoin holdings, recently acquiring an additional 1,070 BTC to bring its total to 447,470 BTC, with plans to raise $42 billion for further purchases over the next three years.