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Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

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.

As the months continued last year, bitcoin and a number of other crypto assets tapped all-time price highs, and countries like El Salvador added BTC to their balance sheets. 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.

The value of that stash today is only worth $27.84 billion and the 102,045 BTC that were sold are currently worth $2.1 billion. Recorded data from the Bitcoin Treasuries list via archive.org shows there were 33 publicly-listed companies that held BTC on their balance sheets on June 5, 2021.

Today, there’s 38 public firms that hold bitcoin in their treasuries and they collectively hold 262,695 BTC worth $5.5 billion. Last year there were four private companies that held BTC and now there’s seven.

Last year when there were four companies, they collectively held 317,383 BTC but today, the seven private companies collectively hold 174,381 BTC. The Tezos Foundation had 24,808 BTC in reserves but today, the private entity holds 17,500 BTC.

It’s likely that any of the bitcoin sold from the stash recorded on archive.org were exchanged for higher prices than today. In fact, from the $36.3K per unit price in June 2021, the BTC could have been sold near the top at $69K. Bitcoins sold after the November price high would still be above today’s USD value.

What do you think about the number of public and private companies, ETFs, and countries that hold bitcoin on their balance sheets in comparison to a year ago? Let us know what you think about this subject in the comments section below.

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