Public organisations, private enterprises, exchange-traded funds, and even entire nations have added bitcoin to their balance sheets during the past 12 months.
The aforementioned categories of entities had about 1,325,396 bitcoins valued at $27.84 billion as of July 17, 2022.
However, since June 5, 2021, there have been 102,045 less bitcoins worth $2.1 billion kept in bitcoin treasuries.
Balance Sheet Information for Bitcoin Falls From 1.42 Million to 1.32 Million
The value of bitcoin (BTC) in U.S. dollars significantly increased last year, reaching $64K in April and $69K in November.
Over the previous eight months, bitcoin's value against the US dollar has decreased by almost 70% from the $69K price high.
Bitcoin (BTC) has lost 33.8 percent of its value against the US dollar so far this year.
The expanding number of bitcoin treasuries issued by publicly traded companies and private businesses was the subject of multiple stories in 2021.
The practise was pioneered by businesses like Microstrategy (Nasdaq: MSTR), and others on the list include Tesla (Nasdaq: TSLA), Block Inc. (NYSE: SQ), and Galaxy Digital (TSE: GLXY).
The price of bitcoin and several other crypto assets reached all-time highs as the year went on, and nations like El Salvador added BTC to their balance sheets.
Approximately 1,427,441 bitcoins were held by public companies, private companies, exchange-traded funds (ETFs), and nations on June 5 over a year ago, or 13 months ago.
Using the price of bitcoin on June 5 ($36.3K per unit), the 1.42 million BTC were valued $78,387,515,121 at that time last year.
The list presently reveals that 1,325,396 bitcoins are owned by companies and countries, therefore there are far fewer bitcoins held in bitcoin treasuries today.
On June 5, 2021, year-to-date measurements show that bitcoin (BTC) was up 284.2 percent against the dollar.
The 102,045 BTC that were sold are currently worth $2.1 billion, while the value of that stockpile today is merely $27.84 billion.
According to information obtained from the Bitcoin Treasuries list and made available by archive.org, 33 publicly traded firms had Bitcoin on their balance sheets as of June 5, 2021.
Currently, 262,695 bitcoins worth $5.5 billion are held in the treasuries of 38 publicly traded companies.
BTC was held by four private companies last year; there are now seven.
In the previous year, there were four firms, and they held 317,383 BTC in total. Currently, there are seven private companies, and they possess 174,381 BTC in total.
The private company currently possesses 17,500 BTC compared to the 24,808 BTC in reserves held by the Tezos Foundation.
A total of 10,000 bitcoins are currently held by Stone Ridge Holdings Group, down from 10,889 BTC.
According to current records, Ukraine was mentioned on the Bitcoin Treasuries list with 46,351 BTC last year.
It should be emphasised that the list of Bitcoin Treasuries could not be completely accurate and that any lists of "who owns the bitcoins" should be treated with caution.
El Salvador's 2,380 BTC, Finland's 1,981 BTC, and Georgia's government's 66 BTC are the only new additions to the list.
According to the Bitcoin Treasuries list from June 2021, Cypherpunk Holdings possessed 360 BTC. As of now, the publicly traded company has sold all of its BTC and ETH holdings.
Any bitcoin sold from the stockpile that was documented by archive.org was probably swapped for more money than it is worth right now.
As a matter of fact, the BTC may have been sold near the top at $69K from the $36.3K per unit price in June 2021.
Bitcoins sold after the peak in November's pricing would still be worth more in USD today.
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