CryptoQuant data reveals that US entities hold 65% more Bitcoin than their offshore counterparts. The ratio of US to non-US holdings surged from 1.24 in September to 1.66 by December 2024. This growth signifies a shift, as previously, Bitcoin reserves outside the US were higher.

Donald Trump’s pro-crypto policies have boosted market confidence, pushing Bitcoin’s price over 100,000 USD, reaching a peak of 108,135 USD. His re-election sparked significant inflows in Bitcoin exchange-traded funds, with weekly net inflows amounting to billions of dollars, increasing ETF assets.

MicroStrategy continues expanding its Bitcoin investment, currently owning 447,470 BTC and planning an additional 42 billion USD in purchases. This strategy by US institutions and potential government reserves has led non-US authorities to consider similar actions, though critics argue it diverts funds from productive investments.