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During the 12 months, public companies, private companies, exchange traded funds and even countries have added bitcoin to the balance sheet. As of July 17, 2022, the mentioned types of devices have approximately 1 325 396 bitcoins worth 27.84 billion dollars today. However, the number of coins stored in bitcoin treasuries has fallen since June 5, 2021, by approximately 102,045 bitcoins worth $ 2.1 billion.
Last year, bitcoin (BTC) saw a significant increase in US dollar value, reaching $ 64K in April and $ 69K in November. Since the highest price of $ 69,000, bitcoin has fallen nearly 70% in value against the US dollar over the past eight months. So far this year, bitcoin (BTC) is down 33.8% against the US dollar.
In 2021, a number of headlines discussed the growing list of bitcoin taxes stemming from such as listed and private companies. Companies like Microstrategy (Nasdaq: MSTR) started the trend and the list includes companies like Tesla (Nasdaq: TSLA), Block Inc. (NYSE: SQ) and Galaxy Digital (TSE: GLXY).
As the months continued last year, bitcoin and a number of other cryptocurrencies dropped record highs, and countries such as El Salvador added BTC to the balance sheet. Over a year ago today or 13 months ago, on June 5, approximately 1,427,441 bitcoins were stored by public companies, private companies, exchange traded funds (ETFs) and countries.
At that time last year, 1.42 million BTC was worth $ 78,387,515,121 using bitcoin exchange rates on June 5 ($ 36.3K per unit). Today, much less BTC is held in bitcoin taxes, since the list currently shows that 1,325,396 bitcoins are currently owned by companies and countries. Year-to-date calculations June 5, 2021 indicate that bitcoin (BTC) was up 284.2% against the US dollar.
The value of that storage today is only worth $ 27.84 billion, and the 102,045 BTC sold are currently worth $ 2.1 billion. Recorded data from the Bitcoin Treasuries list via archive.org shows that there were 33 listed companies that had BTC on their balances on 5 June 2021.
Today, there are 38 public companies that have bitcoin in their treasuries, and they have a total of 262,695 BTC worth 5.5 billion dollars. Last year there were four private companies holding BTC, and now there are seven.
Last year, when there were four companies, they had a total of 317,383 BTC, but today the seven private companies have a total of 174,381 BTC. The Tezos Foundation had 24,808 BTC in reserves, but today the private unit has 17,500 BTC.
Stone Ridge Holdings Group had 10,889 BTC and now has about 10,000 bitcoins. Last year, Ukraine was listed on the Bitcoin Treasuries list with 46,351 BTC, and that number still matches today’s records. It should be noted that the Bitcoin Treasuries list may not be completely accurate, and all “who owns bitcoins” lists should be taken with a pinch of salt.
What is new on the list are El Salvadors 2,380 BTC, Finland’s 1,981 BTC and the government of Georgia 66 BTC. Cypherpunk Holdings once had 360 BTC according to the Bitcoin Treasuries list in June 2021, but today the listed company has zero after selling all of BTC and ETH.
It is likely that some of the bitcoins sold from the warehouses registered on archive.org were exchanged for higher prices than today. In fact, from $ 36.3K per unit price in June 2021, BTC could have been sold near the top at $ 69K. Bitcoins sold at the highest price in November will still be above the current USD value.
What do you think about the number of public and private companies, ETFs and countries that have bitcoin on the balance sheet compared to a year ago? Tell us what you think about this topic in the comments section below.
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