BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65...
Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- 6.43% out of the 21 Million Capped Supply It has become a trend to add bitcoin (BTC) to a company’s balance sheet and the company Microstrategy invoked the trend when the business purchased $250 million worth of BTC. Since then, a....
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While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC....
During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately 102,045 bitcoins worth $2.1 billion.
Bitcoin Balance Sheet Data Slides From 1.42 million to 1.32 Million
Last year, bitcoin (BTC) saw a significant rise in U.S. dollar value reaching $64K in April and $69K in....
Public companies hold more than $3.6 billion worth of Bitcoin, technology research Kevin Rooke found. Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC.In 2019, public companies had merely 20,000 BTC on their books. This figure has increased to 105,837 BTC in 12 months. Rooke said:“Last year, public companies held fewer than 20,000 BTC on their balance sheets. Today, 19 public companies hold 105,837 BTC on their balance sheets, valued at....
Mercadolibre Inc., Latin America’s leading e-commerce company with almost 70 million users on its marketplace, has bought bitcoins worth almost $8 million for its treasury. With this move, the company has joined a growing list of corporations with the cryptocurrency on their balance sheets. Mercadolibre Holds Bitcoin on Balance Sheet Mercadolibre Inc. reported its first-quarter financial results Wednesday declaring that the company is holding bitcoin on its balance sheet. An Argentine company incorporated in the U.S. that operates online marketplaces dedicated to e-commerce and....
Companies with bitcoin on their balance sheets have recorded massive losses following the crash. These companies which have gradually added BTC to their holdings had made a profit into the billions when the price of the cryptocurrency was surging. However, since the downtrend that caused bitcoin to lost about 50% of its value, they have […]