Public companies, foreign exchange funds and private firms have all added bitcoins to their accounts over the past 12 months. The aforementioned entities currently hold around 1,325,396 Bitcoins, worth $27.84 million as of July 17, 2022. However, bitcoin treasuries have seen a drop in coins since June 5, 20,21 by around 102,045 dollars worth $2.1 million.
Bitcoin Balance Sheet Data Slides – 1.42 Million to 1.32 million
Bitcoin (BTC), which saw an impressive rise in U.S. dollars value last year, reached $64K in April and $69K November. Bitcoin has lost close to 70% since its $69K high. Bitcoin (BTC), year-to-date, is down 33.8% compared to the U.S. Dollar.
Numerous headlines covered the expansion of the bitcoin treasury list, which stems from both publicly-listed and privately owned companies. Microstrategy (Nasdaq – MSTR) was the first to adopt this trend. This list also includes Block Inc. (NYSE : SQ), Tesla (Nasdaq – TSLA), Galaxy Digital and Galaxy Digital.
The price of bitcoin, along with a variety of crypto assets, reached all-time highs last year. El Salvador, for example, added BTC in their financial accounts. A year and 13 months ago today, approximately 1 427,441 Bitcoins had been stored in public, private, exchange-traded funds, ETFs, and other countries.
Last year’s 1.42million BTC were worth $78,387515,121 according to bitcoin exchange rates. This is equivalent to $36.3K per unit. Today, there’s a lot less BTC held in bitcoin treasuries as the list currently shows 1,325,396 bitcoins are currently owned by firms and countries. The year-to-date data on June 5, 2021 shows that bitcoin (BTC), was up 284.2% versus the U.S. Dollar.
Today, the stash is worth only $27.84 trillion and the 102.045 BTC sold are worth $2.1 billion. According to archive.org, 33 public-listed companies had Bitcoin Treasuries data on their balance sheet on June 5, 2021.
Today, there’s 38 public firms that hold bitcoin in their treasuries and they collectively hold 262,695 BTC worth $5.5 billion. Last year there were four private companies that held BTC and now there’s seven.
Four companies owned 317,383 BTC collectively last year. However, today’s private entities hold 174.381 BTC. Tezos Foundation was able to hold 24,808 BTC of reserves. However, today the private entity has 17,500 BTC.
Stone Ridge Holdings Group currently holds around 10,000 bitcoins and held 10,889 BTC. Last year, Ukraine was listed on Bitcoin Treasuries list with 46,351 BTC and that number is still consistent with today’s records. It should be noted that the Bitcoin Treasuries list may not be entirely accurate and any ‘who owns the bitcoins’ lists should be taken with a grain of salt.
What’s new to the list is El Salvador’s 2,380 BTC, Finland’s 1,981 BTC, and the government of Georgia’s 66 BTC. Cypherpunk Holdings had 360 BTC in June 2021 according to Bitcoin Treasuries. However, the public-listed firm now has zero BTC after having sold all its BTC or ETH.
It’s likely that any of the bitcoin sold from the stash recorded on archive.org were exchanged for higher prices than today. The BTC may have sold for $69K at the highest price, even though it was $36.3K per unit in June 2021. Bitcoins sold after the November price high would still be above today’s USD value.
Do you have any thoughts about the increase in bitcoin holdings by public companies and ETFs? We’d love to hear your views on the subject.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.