- 1. Worldwide Governments Acknowledge Bitcoin’s Status as Strategic Asset Amid Volatility
- 2. U.S.-Policymakers to Add 1M $BTC into Existing 213,246 $BTC after Bitcoin Bill’s Approval
- 3. Renowned Countries Boost Their Bitcoin Accumulation
- 4. Big Tech Firms Could Trigger Multi-Billion-Dollar Capital Inflows Through Minor $BTC Allocations
Based on the recent developments, the Bitcoin’s corporate and sovereign reserves signify a looming dramatic shift. As per the analytics from OKX Ventures, the recent developments concerning the crypto realm indicate the crucial role of corporate as well as sovereign Bitcoin ($BTC) reserves in reshaping the market. In an X thread, OKX’s investment arm revealed the current position of Bitcoin reserves and their potential to reform the crypto landscape.
Worldwide Governments Acknowledge Bitcoin’s Status as Strategic Asset Amid Volatility
OKX Ventures’ analytics suggest that the Bitcoin reserves are moving toward a rapid shift, led by corporate and sovereign investors. The platform explained that prominent nations and powerful corporations are elevating their status to become more influential in shaping Bitcoin’s future. This development occurs when companies and governments are acknowledging Bitcoin’s role as a strategic crypto asset amid the rising market volatility.
U.S.-Policymakers to Add 1M $BTC into Existing 213,246 $BTC after Bitcoin Bill’s Approval
For instance, the United States now possesses 213,246 $BTC, accounting for up to $20.7B. This figure denotes nearly 1.02% of the cumulative Bitcoin supply. Nonetheless, if the Bitcoin Bill gets approval, the policymakers will reportedly acquire a further 1M $BTC during the upcoming 5 years. This underscores an aggressive strategy that would add almost $20B in yearly buying pressure. The endeavor would boost the holdings of the U.S. to approximately 5.8% of the worldwide supply. Such an enormous accumulation is anticipated to persuade other governments to follow suit.
Renowned Countries Boost Their Bitcoin Accumulation
In terms of international Bitcoin reserves, China owns 190,000 $BTC (equaling $18.4B), representing 0.90% of overall supply. Additionally, United Kingdom, Bhutan, and El Salvador have 61,000 $BTC, 13,000 $BTC, and 6,000 $BTC respectively. Keeping this in view, OKX Ventures suggests that the establishment of the U.S. Bitcoin reserve would reshape the worldwide supply-demand balance.
Big Tech Firms Could Trigger Multi-Billion-Dollar Capital Inflows Through Minor $BTC Allocations
Interestingly, the U.S.-based MicroStrategy has aggressively collected $BTC while still having the capacity for $100B more in $BTC. Moreover, latest accounting regulations also permit the fair value usage of cryptocurrencies, attracting more companies toward Bitcoin allocation. In line with this, just 1%-2% of the cash reserves of the tech giants like Google and Apple for Bitcoin could lead to a multi-billion-dollar capital inflow.
