Source: bitcoinist
Translation: Blockchain Knight
The latest on-chain research shows that the United States is far ahead in Bitcoin holdings. Countries and companies are increasingly accumulating Bitcoin, and investors and analysts are closely monitoring this trend. The massive scale of Bitcoin held by the United States is reshaping discussions in the cryptocurrency space regarding scarcity and value.
According to analysis by Fred Krueger, of nearly 20 million circulating Bitcoins globally, the United States holds nearly 8 million, accounting for 40% of the total supply.
The report indicates that if each Bitcoin is valued at $120,000, the total value of Bitcoin held by the United States is approximately $936 billion. Meanwhile, U.S. Bitcoin ETFs recorded a net inflow of $6 billion in July, marking the third strongest month in history for such products, following February and November 2024.
Bitcoin holdings outside the United States are significantly lower. India ranks second with 1 million Bitcoins, accounting for 5% of the total, valued at approximately $120 billion at the same price. Europe follows closely, holding 900,000 Bitcoins (4.6%), valued at $108 billion.
China holds about 194,000 Bitcoins (1%), primarily from seizures, valued at approximately $23.3 billion. Latin America and other regions in Asia each hold about 400,000 Bitcoins (2%), each valued at $48 billion. Africa and other regions collectively hold 300,000 Bitcoins (1.5%).
Reports indicate that U.S. publicly traded companies are core participants in the Bitcoin market. Strategy leads with 628,791 Bitcoins on its balance sheet. Marathon Digital Holdings (MARA) follows with 50,000 Bitcoins; XXI Capital holds 43,514 Bitcoins.
Bitcoin Standard Treasury Company holds 30,021 Bitcoins, and Riot Platforms holds 19,225 Bitcoins. The Trump Media & Technology Group Corp., associated with former U.S. President Donald Trump, is also on the list, holding 18,430 Bitcoins. These companies span various sectors, including mining and financial services, highlighting the diversified interest of enterprises in cryptocurrencies.
Data shows that despite an unclear regulatory environment, cryptocurrency holdings in India are still surging. Most holders in the country are small retail investors, but the large user base allows it to surpass Europe.
In Europe, both retail and institutional investors are driving the adoption of cryptocurrencies. However, growth in Europe is more stable, while India's compound annual growth rate (CAGR) from 2018 to 2023 is close to 100%, far exceeding the approximately 8% in traditional payment sectors. This difference highlights the unique appeal of cryptocurrencies to Indian users.
Additionally, recent charts from Bitbo reveal the reserve situation in various countries. The charts show that Bitcoin reserves related to the United States exceed 200,000, with China holding a similar amount of Bitcoin.
The United Kingdom ranks third with 61,000 Bitcoins, while Ukraine ranks fourth with 46,000 Bitcoins. Smaller economies like Bhutan, El Salvador, and Finland hold between 5,000 to 10,000 Bitcoins.
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