US Dominates Bitcoin: 40% Ownership, Industry Lead

A groundbreaking report by River Financial reveals the United States’ dominance in the Bitcoin market, controlling an estimated 40% of the circulating supply, valued at over u0024790 billion. This dominance extends beyond mere ownership; US firms hold 94.8% of corporate Bitcoin treasuries and account for 82% of global Bitcoin development funding and 70% of venture capital investments. The US also leads in Bitcoin ETF holdings (79.2%) and mining, generating 36% of global hashrate with over u002442.6 billion in mined Bitcoin since 2021, fueled by substantial investments in mining infrastructure. This has created a significant Bitcoin industry within the US, with at least 40 industrial-scale mining sites and over 150 companies employing more than 20,000 people. The report highlights the concentration of mining operations in energy-rich states like Texas and Georgia. Governmental holdings also contribute to US dominance, with the US government holding approximately 198,000 BTC, significantly more than other countries. Institutional investment is also substantial, with endowments from universities like Yale, MIT, and Harvard, and insurers like MassMutual adding Bitcoin to their portfolios. This widespread adoption across corporations, institutions, and government solidifies the US position as a Bitcoin superpower. The report’s findings underscore the significant economic and technological impact of Bitcoin within the United States.

(Source: https://bitcoinist.com/us-bitcoin-superpower-40-ownership-research/)