Bitcoin held by US companies far exceeds the reserves boasted by their counterparts abroad, as spot ETFs and Trump's win unleash a wave of capital.

According to CryptoQuant analysis, Bitcoin (Bitcoin) Reserves held in the United States outnumber holdings in offshore control by 65%. The data shows that the ratio of US entities' Treasuries to Bitcoin versus tokens owned by non-US institutions reached 1.65 on January 6.

The ratio is calculated by dividing general U.S. BTC reserves by foreign holdings, CryptoQuant CEO Ki Young Ju said. He explained On X.

Trump, wealth funds and Bitcoin

Offshore BTC reserves outpaced US holdings throughout most of 2023, while the cryptocurrency fell below $35,000 amid widespread market uncertainty due to 2022's failures.

However, bitcoin storages in the United States have increased rapidly since January last year, fueled by spot bitcoin exchange-traded fund approvals from the Securities and Exchange Commission. These products quickly succeeded, accumulating more than $110 billion in investor assets - more than 5% of Bitcoin's market capitalization - inside year.

Companies like MicroStrategy have also accumulated BTC as a reserve asset for companies. Led by BTC Maxie Michael Saylor, Tysons Corner bought 258,320 BTC for $22.07 billion in 2024. Saylor's "21/21" plans will include buying More of MicroStrategy's leading cryptocurrencies.

President Donald Trump's shift from a Bitcoin skeptic to a Bitcoin defender has enhanced the asset's appeal. Bitcoin rose to a new all-time high of $108,135 after Trump's win, driven by bullish market sentiment and his commitment to creating a national bitcoin reserve.

Additionally, a joint study conducted by Bitwise Asset Management and analytics firm VettaFi revealed that 96% of wealth advisors reported an increase in client inquiries about cryptocurrencies in 2024. The study also noted an 11% increase in crypto allocations as investors flock to... Emerging asset class.