US Entities: The New Bitcoin Powerhouse!

US-based entities hold 65% more Bitcoin than offshore counterparts.

Danielle du Toit
January 10, 2025

Here's what we've got for you today:

US-based entities now hold 65% more Bitcoin than offshore counterparts.

The ratio of Bitcoin reserves held by US entities compared to offshore entities increased from 1.24 in September of 2024 to1.65 in January of 2025. This means that US entities now hold 65% more Bitcoin than offshore counterparts.
The metric includes the Bitcoin holdings of major US players, like corporations, spot Bitcoin ETFs, exchanges, miners, and the US government.
The surge in US Bitcoin reserves coincided with Bitcoin's price rally from $60,000 in September to over $100,000.

Crypto hackers and scammers stole $400 million more in the last 12 months than in 2023.

PeckShield data also pointed out a decline in the overall number of hacks and scams since 2022, with a total of $2.15 billion lost to hacks and $834.5 million to scams in 2024.
CertiK revealed that phishing was the most costly attack vector in 2024, with over $1 billion stolen across 296 incidents.
As institutional adoption and regulatory acceptance grow, concerns are popping up about increased opportunities for scammers and hackers to exploit the crypto industry in 2025.

James Howells lost his legal bid to recover a Bitcoin-filled hard drive worth $770 million.

The hard drive contains 8,000 BTC that was mined in 2009, and was accidentally discarded in 2013.
On Jan. 9, 2025, Judge Keyser dismissed James Howells' case, and ruled that his legal arguments had "no realistic prospect" of success.
Despite offering a share of the Bitcoin’s value and proposing some interesting excavation methods, the council consistently refused Howells access to the landfill due to environmental concerns.

Bitcoin mining firm CleanSpark says it now holds 10,097 Bitcoin in its treasury.

US-based Bitcoin mining firm CleanSpark now holds 10,097 Bitcoin, making it the fourth publicly listed mining company to exceed this milestone.
CleanSpark’s Bitcoin treasury grew by 236% year-over-year, which could be attributed to efficient and responsible scaling, according to CEO Zach Bradford.
All of CleanSpark’s Bitcoin was mined in the US, joining MARA Holdings, Riot Platforms, and Hut 8 Mining Corp as top holders with over 10,000 BTC.

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