Bitcoin Treasury Data Shows Entities Withdraw $2.1 Billion BTC From Accounts
Bitcoin Treasury
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Bitcoin Treasury Data Shows Entities Withdraw $2.1 Billion BTC From Accounts
Since June 5, 2021, the amount of coins held in the bitcoin treasury has decreased by approximately 102,045 bitcoins (BTC), equivalent to$2.1 billion. The value of one BTC increased over the past year, reaching $64Kin April and $69K in November. Conversely, the price of BTC has declined significantly over the past eight months.
Bitcoin treasuries went up in 2021
BTC and some other crypto assets broke the ceiling as the months passed. Furthermore, countries like El Salvador added BTC to their balance sheets as the year progressed. A year ago today, public entities, private firms, exchange-traded funds (ETFs) and governments held approximately 1,427,441 BTC. Today's value of that stock is only $27.84 billion. Furthermore, the 102,045BTC sold is currently worth $2.1 billion.
On June 5, 2021, Archive.org released data on the Bitcoin Treasury List. The data showed that 33 publicly listed corporations had BTC in their balance sheets. There are currently 38 publicly traded firms that deposit BTC in their treasuries. These companies together hold 262,695 BTC, which equates to a market cap of $5.5 billion. When we look back a year ago, only four private companies owned BTC; Today is seven.
Entities sold their bitcoins
The four firms collectively held a total of 317,383 BTC, but, as of today, the seven private firms collectively only hold a total of 174,381BTC. Prior to this, the Tezos Foundation held 24,808 BTC in reserves; Now, the private company only holds 17,500 BTC. Until recently, Stone Ridge Holdings Group held 10,889 BTC; It currently holds around 10,000 BTC.
Ukraine had a total of 46,351 BTC last year, which is still in line with the current record. Understanding that bitcoin treasury lists may not be completely accurate is essential. Thus, any list showing "who owns bitcoin" should betreated with a grain of salt. The most recently added to this list are 2,380BTC owned by El Salvador, 1,981 BTC owned by Finland, and 66 BTC owned by the Georgian government.
According to the Bitcoin Treasury listing in June 2021, Cypher punk Holdings previously held 360 BTC. However, the publicly listed company controls Zero after selling off all of its BTC and ETH holdings. As the future of BTC looks bleak, it is difficult to tell whether the crypto will continue to experience Treasury withdrawals. Only time will tell about this.
Entities with the most bitcoin on their books are filing fewer controls reports, according to the Bitcoin Treasury data that tracks cryptocurrencies on bank and exchange accounts worldwide.