Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC.
18 Oct 2022, 08:00
Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates.
$1.1 Billion Worth of Bitcoin Has Been Removed From the Treasuries ListOn October 17, 2022, 65 companies, ETPs, and countries hold bitcoin (BTC) on their balance sheet. The data stems from the bitcoin treasuries list, which aggregates the current bitcoin holdings in publicly traded and private companies, ETPs, and countries.At the time of writing and as of September 8, 2022, the bitcoin treasuries list indicates that roughly 65 of the aforementioned types of entities own approximately 1,443,925 BTC or 6.876% of the 21 million capped supply. While the balance is a large sum, 57,481 BTC worth $1.1 billion has been erased from the bitcoin treasuries list since the start of 2022.The 1.44 million BTC in treasuries today is worth roughly $27.76 billion using current spot market values. Data saved via archive.org shows that when 2022 started, the 65 publicly traded and private companies, ETPs, and countries held 1,501,406 BTC.At the time, the 1.501 million BTC was worth $63.25 billion using exchange rates on January 2, 2022. The largest change during the last nine months was Tesla’s balance sheet, which saw 32,177 BTC removed from the firm’s treasury.Tesla once had 42,902 BTC and today, the firm’s treasury holds 10,725 BTC. The 32,177 BTC represents 55.98% of the 57,481 BTC erased from the bitcoin treasuries list since the start of the year.
4 out of 65 Entities Hold More Than 100,000 Bitcoin