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 List On 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 bitco...