US Aims To Expand Bitcoin Holdings as China’s BTC Stash Grows, Says Mow

According to Samson Mow, CEO of the Bitcoin-focused company JAN3, the United States has a compelling case to increase its Bitcoin holdings. He responded to worries on X, where some cryptocurrency investors claimed that the Strategic Bitcoin Reserve (SBR) solely included seized assets and not active Bitcoin transactions.

However, Mow believes that SBR marks a significant shift in the way nation-states use Bitcoin. According to him, a thorough examination of the U.S. Bitcoin reserves would reveal that the nation does not have the most BTC globally.

China May Hold More Bitcoin Than the U.S.

Compared to earlier estimates of 207,000 to 220,000 Bitcoin, Mow believes that the U.S. government owns approximately 112,000 Bitcoin or less. He clarifies that Bitfinex is the rightful owner of 95,000 BTC, which will eventually be given back. China, on the other hand, is in a stronger position because it owns about 194,000 Bitcoin.

He argues that the U.S. will not tolerate a scenario where China dominates Bitcoin ownership. Mow stated, “With Bitcoin being deemed as strategic, the US will want to have the most – there will definitely be an audit of the supply and then ADDING to it.”

Mow thinks that when international competition intensifies, Bitcoin’s long-term value and adoption will eventually benefit.