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  • Bitcoin Treasury data shows that businesses have withdrawn $2.1 billion worth of bitcoins from accounts.

Bitcoin Treasury data shows that businesses have withdrawn $2.1 billion worth of bitcoins from accounts.

 تاریخ انتشار :
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  Bitcoin

The amount of coins held in Bitcoin vaults has decreased by approximately 102,045 Bitcoins (BTC) equivalent to $2.1 billion as of June 5, 2021. The value of one bitcoin has increased over the past year, reaching $64,000 in April and $69,000 in November. . In contrast, the price of Bitcoin has fallen sharply over the past eight months.

In 2021, several news articles focused on the increasing number of Bitcoin vaults by various companies. They included public and private business. Companies like Microstrategy (Nasdaq: MSTR) were the first to start this trend. Currently, the list includes companies such as Tesla (NASDAQ: TSLA ), Galaxy Digital (TSE: GLXY ) and Block Inc. (NYSE: SQ.)

Bitcoin coffers increased in 2021

Bitcoin and some other crypto assets broke through the roofs as the months went by. Additionally, countries such as El Salvador added BTC to their balance sheets as the year progressed. More than a year ago today, government entities, private companies, exchange-traded funds (ETFs), and governments held approximately 1,427,441 bitcoins.

Using the Bitcoin exchange rate on June 5th ($36.3K per unit), 1.42 million Bitcoins were worth $78,387,515,121 last year. Currently, far fewer bitcoins are held in bitcoin vaults. Current data shows that governments and corporations only hold 1,325,396 bitcoins. As of June 5, 2021, year-to-date measurements show that Bitcoin is up 284.2% against the US dollar.

Today’s value of those reserves is only $27.84 billion. Additionally, the 102,045 bitcoins sold are currently worth $2.1 billion. On June 5, 2021, archive.org published data on the list of Bitcoin vaults. The data showed that 33 public companies had BTC on their balance sheets.

There are currently 38 publicly traded companies that hold Bitcoin in their vaults. Together, these companies hold 262,695 bitcoins, which equates to a market capitalization of $5.5 billion. When we looked back a year ago, only four private companies owned BTC. Today, there are seven.

Institutions sold their bitcoins

These four companies held a total of 317,383 bitcoins, but as of today, the seven private companies only have a total of 174,381 bitcoins. Previously, the Tezos Foundation had 24,808 Bitcoin reserves. Now, this privately held company has only 17,500 bitcoins.

As of recently, Stone Ridge Holdings held 10,889 BTC. It currently has approximately 10,000 bitcoins. Ukraine had a total of 46,351 bitcoins last year, still matching current records. It is important to understand that the list of Bitcoin Treasuries cannot be completely accurate. Therefore, any listing that says “owner of bitcoins” should be taken with a grain of salt.

The most recent additions to this list are 2,380 bitcoins belonging to El Salvador, 1,981 bitcoins belonging to Finland and 66 bitcoins belonging to the government of Georgia.

According to the June 2021 Bitcoin Treasury listing, Cypherpunk Holdings previously held 360 Bitcoins. However, the public company controls zero after selling all of its BTC and ETH holdings.

It’s highly likely that any of the bitcoins sold from archives listed on archive.org would have been offered at significantly higher prices than they are today.

Considering the price of Bitcoin at $36.3 thousand per unit in June 2021, it was possible to sell the crypto at a price close to $69 thousand. Even if they were all bought after the peak in November, Bitcoin would still be worth more than its current dollar.

With Bitcoin’s future looking bleak, it’s hard to tell whether the crypto-treasury will continue to experience withdrawals. Only time will tell.