# Samson Mow Says US Government Will Acquire More BTC for Strategic Bitcoin Reserve To Beat China's Holdings
In a recent statement on the social media platform X, Samson Mow, CEO of Bitcoin-focused tech firm JAN3, has expressed his conviction that the US government will increase its holdings of Bitcoin as part of the Strategic Bitcoin Reserve (SBR) program. According to Mow, this move is aimed at solidifying the US position as a leader in Bitcoin adoption and countering China's growing stake in the cryptocurrency.
Mow believes that the SBR, which was established by President Trump's executive order, has been misunderstood by some crypto investors. "Some Bitcoiners are saying the Strategic Bitcoin Reserve doesn't do anything because it's just seized assets and there's no buying," Mow stated. However, he argues that this perception is misguided and that the creation of the SBR has triggered a "real race for nation-state Bitcoin adoption."
The CEO emphasizes that a full audit of the government's Bitcoin trove will reveal a surprising truth: the US does not currently hold the largest number of Bitcoins by country. According to Mow, the US government likely holds between 112,000 and 120,000 BTC, with China owning around 194,000 BTC.
Mow attributes this discrepancy to the massive security incident at Bitfinex in 2016, which resulted in the loss of approximately 120,000 Bitcoins. In response, the US government seized 95,000 Bitcoins tied to the hack. The CEO believes that the US government will not allow China to surpass its own Bitcoin holdings.
"There will definitely be an audit of the supply and then ADDING to it," Mow explained. "With Bitcoin being deemed as strategic, the US will want to have the most." At the time of writing, Bitcoin is trading at $86,388.
Mow's statements suggest that the SBR program has set off a chain reaction in the crypto space, with nations and institutions scrambling to establish their own strategic reserves. As the global landscape for Bitcoin continues to evolve, one thing is clear: the US government's efforts to acquire more BTC will be closely watched by investors and observers alike.
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