Samson Mow, CEO of JAN3, is making waves with his claim that the U.S. government's bitcoin holdings are significantly lower than previously thought. He estimates that the country holds around 112,000 BTC or less, contrary to the widely reported 207,000 to 220,000 BTC ¹.

Mow's reasoning is based on the fact that 95,000 BTC belongs to Bitfinex and will be returned, reducing the U.S. government's actual holdings. This would put China in the lead with an estimated 194,000 BTC.

Despite the uncertainty surrounding the U.S. government's bitcoin holdings, Mow is confident that the Trump administration will increase its crypto reserves. President Trump has already announced plans to build a reserve of top cryptocurrencies, including ethereum, XRP, solana, and cardano.

Mow believes that the U.S. government will explore "budget-neutral" ways to acquire bitcoin, such as issuing bitcoin bonds or selling gold. He also points out that an official audit of U.S. bitcoin holdings will provide clarity on the country's exact reserves.

The establishment of the Strategic Bitcoin Reserve (SBR) on March 8, following Trump's executive order, marks a significant milestone in the U.S. government's approach to bitcoin. Mow sees this as a turning point, with the U.S. government essentially putting bitcoin on the same level as gold.

As the competition between governments to acquire bitcoin intensifies, Mow remains optimistic, stating that "competition is good for bitcoin." With the U.S. government's actual bitcoin holdings uncertain, one thing is clear: the race for nation-state bitcoin adoption has only just begun.$BTC