On 1st March 2021, forty-two corporations kept BTC on their financial statements for 304-days, or about 9-months, with a sum of 1,350,073 BTC. There are currently fifty-nine organizations, some governments, and ETFs holding 1,499,493 BTC in treasuries, according to measures.
Treasuries List Covers 59 Organizations, ETFs, and Countries Having BTC on Their Financial Statements
In the previous year, a large amount of enterprises has announced that BTC has been incorporated into their financial statements, as even countries including El Salvador are currently holding BTC in their national treasury.
According to a news piece on Bitcoin.com, on 1st March 2021, there were forty-two organizations, including organizations, and BTC funds. The corporation possessed 1,350,073 Bitcoin at the time, accounting for 6.43 percent of the total circulation of 21M.
Similarly to Microstrategy’s periodic announcements of BTC purchases, Salvadoran President Nayib Bukele has been informing the people regarding El Salvador’s Bitcoin purchases. El Salvador, for example, bought 21 BTC on 21st December to commemorate the 21st day, year, and century.
According to a BTC Treasuries database, fifty-nine corporations from 5 distinct nations have Bitcoin on their financial statements. The online page currently states that these organizations own 1,499,493 Bitcoin.
This is worth $71.6B in USD and accounts for 7.14 percent of the 21M Bitcoin circulation limit. The list currently displays that 5 countries possess BTC and Bulgaria is the first on it. Nevertheless, the Bulgarian government’ stockpile of 213,519BTCs are contentious, with several individuals trusting the cryptocurrencies were traded.
If that stockpile is removed from the Bitcoin Treasuries list, the total amount of BTC owned by firms and 4 countries is 1,285,974 BTC with a value of $61.1B. El Salvador possesses 1,391 bitcoins, the UK government possesses 46,351 bitcoins, Finland possesses 1,981 bitcoins, and Georgia possesses sixty-six bitcoins.
Top Three Public Companies and Top Three Private Companies
Based on the BTC Treasuries list, Microstrategy is the openly traded business with the most BTC, possessing 122,478 Bitcoin valued at $5.8B. Nevertheless, the organization’s CEO, Michael Saylor, announced to the press on Thursday that it had bought 1,914 Bitcoin. Tesla and Galaxy Digital maintain the position of the second and third-greatest amounts of BTC among public corporations.
Tesla features 42,902 bitcoins and Galaxy Digital possesses 16,400 bitcoins. Voyager Digital LTD (12,260 Bitcoin), Square Inc. (8,027 Bitcoin), and Marathon Digital Holdings are the next 2 publicly traded companies (7,649 Bitcoin).
MOGO Financing (18 Bitcoin), Phunware, Inc. (127 Bitcoins), Coinbase Global, Inc. (4,482 Bitcoins), and Brooker Group’s BROOK (BKK) are among the thirty-nine public corporations that have Bitcoin on their balance sheets (1,150 BTC).
Block.one (140,000BTCs), The Tezos Foundation (17,500BTCs), Stone Ridge Holdings Group (10,000BTCs), Massachusetts Mutual (3,500BTCs), Lisk Foundation (1,898BTCs), and Seetee AS (1,170BTCs) are among the private corporations that own BTC (1,170).
Grayscale’s BTC Trust Rules the BTC Treasury List
Based on the report, 14 funds own a total of 809,848 bitcoins, with the Grayscale Bitcoin Trust (GBTC) holding 648,069 bitcoins. After GBTC are products such as CoinShares / XBT, which are holding 48,466 bitcoins, Purpose Bitcoin ETF, which are holding 22,411 bitcoins, and 3iQ Coinshares Bitcoin ETF, which are holding 21,237 bitcoins.
The BTC Treasuries list shows some organizations who posit to have Bitcoin on their financial statements, and it is a lot bigger in 2021 than in 2020. Nevertheless, neither of the supposed who holds all the BTCs databases are really correct, much similar to the inconsistency with the Bulgaria bitcoin stash described before.