Over the past two years, many public and private companies, exchange-traded products (ETPs), and countries have added bitcoins to their balance sheets. However, during the last nine months of 2022, the number of bitcoins stored in these types of treasuries decreased by 57,481 bitcoins, worth about $1.1 billion using today’s exchange rates.
$1.1 billion worth of bitcoins were removed from the Treasury list
On October 17, 2022, 65 companies, ETPs, and countries have bitcoins (BTC) on their balance sheets. This data is derived from the Bitcoin Government Bond List, which aggregates the current Bitcoin holdings of public and private companies, ETPs, and countries.
As of this writing and as of September 8, 2022, the Bitcoin Government Bond List indicates that approximately 65 of the aforementioned types of entities own approximately 1,443,925 BTC BTCor 6.876% of the 21 million ceiling supply Equivalent. The remainder is a large amount, 57,481 ; $1.1 billion worth of BTChas been erased from the bitcoin treasury list since the start of 2022.
$1.44 millionof BTC in Treasuries todayis worth roughly $27.76 billion, using current spot market values. according to data stored via archive.org, when 2022 began, 65 public and private companies, ETPs, and countries held 1,501,406 BTC.
At that time, 1,501,406BTCwas worth $63.25 billion using the January 2, 2022 exchange rate. The most significant change over the past nine months was in Tesla’s balance sheet, where 32,177BTCwere removed from the company’s finances.
Four of the 65 businesses hold more than 100,000 bitcoins
while companies like Tesla have unloadedBTCHowever, this list shows that some companies have increased their stock. For example, Microstrategy had 124,391 BTC on January 2, 2022and today the company holds about 130,000 BTC.
Microstrategy’s cash has increased 4.51% since the beginning of the year. Meanwhile, Tesla’s balance sheet saw a decrease of about 75% of its bitcoin holdings.
The largest government bond holder on the Bitcoin Government Bond List is ETP, managed by Grayscale Investment; Grayscale’s Bitcoin Trust (OTCMKTS: GBTC) holds 643,572 . BTCaccording to the Bitcoin Government Bond List, which is equivalent to a value of $12.37 billion using today’s exchange rate.
of BTCheld by GBTC represents 3.065%, while GBTC’s cash represents 44.57% of another 1.44 million. BTCin the treasury today, representing 44.57% of all 60 entities holding BTCon their balance sheets, only four entities hold more than 100,000BTC. holding BTC. BTC
Four entities hold more than 100KBTC, including Grayscale’s Bitcoin Trust (643K), Microstrategy (130K), Mt Gox (141K), and Block.one ( 140K) are included. These four entities alone command 1,054,000 of the 1.44 millionof BTCheld by 65 entities.
despite erasing 57,481BTCsince January 2, but the list is growing as Treasure has held approximately 1,325,396BTCsince July 17, 2022BTC. 1.44 million held today, meaning roughly 120,000 bitcoins have been added to the balance sheet since July 17.
What do you think about 57,481 bitcoins being erased from the Bitcoin Treasury list, with 4 organizations commanding the majority of the 1.44 million held by 65 organizations? Let us know your thoughts on this subject in the comments section below.
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