A recent report from a Bitcoin Services company based in San Francisco reveals that the United States has subtly emerged as a dominant force in the Bitcoin space, controlling around 40% of the total supply, equivalent to an estimated $790 billion when considering American investors, businesses, and public institutions.
Bitcoin Empire
According to analysts at River, the U.S. influence extends beyond mere ownership of Bitcoin. They claim that American companies hold 94.8% of all Bitcoin in corporate treasuries worldwide. Additionally, U.S. organizations account for 82% of global Bitcoin development funding, with roughly 70% of venture capital funneled into the ecosystem. Even in the fund market, which trades on emerging exchanges, the dominance of domestic investors is evident; it’s estimated that ETFs established in the U.S. manage 79.2% of total shares in this asset class.
When it comes to hashrates, often viewed as a key indicator of security and commitment within the industry, the U.S. also has an upper hand. River reports that miners operating within U.S. borders contribute 36% of the world’s computational power.
Since their inception in 2021, these miners have produced Bitcoin worth $42.6 billion, leveraging over $30 billion for equipment, power, and infrastructure. This growth has led to the establishment of numerous industrial-scale sites across the country, with at least 40 facilities exceeding 10 megawatts, promoting Bitcoin-related companies, and providing jobs for more than 20,000 Americans.
The report emphasizes, “The United States is a global Bitcoin superpower,” showcasing its impact with maps highlighting regions of significant activity—from the great northwest to energy-rich areas in Georgia.
Texas, Georgia, New York, and Ohio stand out as major hubs, benefiting from less regulatory burden on energy-intensive operations and focusing on states abundant in energy resources.
Examining another angle, Sovereign Holdings points out that the U.S. government controls three times the Bitcoin reserves of the UK and over ten times more than those associated with countries like China, North Korea, or Bhutan. El Salvador holds a modest 6,000 coins, while Venezuela’s involvement is almost negligible, with just 200 coins reported.
Meanwhile, institutional investment in Bitcoin isn’t just confined to hedge funds anymore. Prestigious universities like Yale, MIT, Brown, and Harvard have taken direct positions or ETF exposures, while insurance companies such as MassMutual and Northwestern Mutual are adding cryptocurrency to their long-term portfolios, typically dominated by government bonds and high-grade investments. Significant hedge funds like Citadel and Millennium are also highlighted as key players in Bitcoin ownership.
As of the latest update, Bitcoin is trading at $106,510.
