A recent data point reveals that the US government’s crypto holdings far exceed expectations. Over $30 billion worth of crypto assets are on the books, with Bitcoin accounting for 97%—this ratio is quite astonishing.

Specifically, the US government holds 328,372 BTC, with a market value approaching $29.6 billion. In comparison, Ethereum holdings are only 62,742 ETH, worth less than $200 million, and USDT holdings are even more negligible. Such a allocation is considered top-tier whale activity within the entire crypto space.

From this perspective, what does it indicate? First, any large-scale movement of this BTC would definitely cause a significant market reaction. Second, even a traditional institution like the US government is betting on Bitcoin, which in itself tells us how solid Bitcoin’s dominant position in the crypto asset market is. While other tokens also play roles within the ecosystem, from an official allocation strategy, Bitcoin remains the highest priority.

This holding structure reflects that, in the eyes of institutions, Bitcoin’s value proposition and risk premium are the most recognized. Whether from an asset allocation perspective or a long-term store of value logic, this is an intriguing signal.