- According to the Bitcoin Treasury list, 59 countries, ETFs, and companies have currently added Bitcoin to their balance sheet.
- The total being held is 1,499,493 BTC worth roughly $72 billion at current prices.
In August 2020, Michael Saylor’s Microstrategy added $250 million worth of Bitcoin to its balance sheet. This has since triggered a trend with many other companies following suit. By the end of 2020, 29 companies had added 1.1 million BTC ($53 billion), accounting for 5.48 percent of the 21 million Bitcoin supply. As of March 1, 2021, 49 companies had added a total of 1,350,073 BTC ($65 billion) to their balance sheet, accounting for 6.43 percent of the total Bitcoin supply. According to the Bitcoin Treasury list, 59 companies, ETFs, and countries currently have Bitcoin on their balance sheet.
The total being held is 1,499,493 BTC ($72 billion). This accounts for 7.14 percent of the total Bitcoin supply. One of the countries on the list that holds Bitcoin is Bulgaria, however, controversies are surrounding its status. Some reports argue that the 213,519 BTC ($10 billion) held by Bulgaria has been sold. This goes back to 2018 when Bulgaria’s finance minister, Vladislav Goranov disclosed that its holdings have been sold to several wealth funds and Asian investors.
According to the report, each Bitcoin was sold for €15,000 ($17,000) and was facilitated by the FBI and Deloitte. If the value held by Bulgaria as indicated in the Treasury list is taken out, then the various companies, ETFs, and countries hold a total of 1,285,974 BTC ($62 billion). Some of the remaining countries on the Treasury list are the UK, with 46,351 BTC ($2 billion), Georgia with 66 BTC ($3 million), El Salvador 1391 BTC ($67 million), and Finland holding 1981 BTC ($95 million).
Microstrategy has the most Bitcoin among the publicly listed companies – Bitcoin Treasury List
Among the publicly listed companies, Microstrategy has the most Bitcoins on its balance sheet with 122,478 BTC ($5.9 billion), followed by Tesla with 42,902 BTC ($2 billion), and Galaxy Digital having 16,400 BTC ($792 million). Voyager Digital LTD has a total of 12,260 BTC ($592 million) on its balance sheet, Square Inc with 8,027 BTC ($387 million), and Marathon Digital Holding has 7,649 BTC ($369 million).
The list also includes MOGO Financing (18 BTC), Coinbase Global Inc (4482), and Phunware Inc (127 BTC).
Among the private companies having Bitcoin on their balance sheet, Block.one has the most with 140,000 BTC ($6.7 billion), followed by the Tezos Foundation holding 17,500 BTC ($845 million), and Stone Ridge Holdings Group having 10,000 BTC ($482 million).
It is worth noting that 14 funds currently hold 809,848 BTC ($39 billion) with Grayscale Bitcoin Trust (GBTC) having the most Bitcoins (648,069 BTC), equivalent to ($31 billion). CoinShare/XBT at the moment has 48,466 BTC ($2 billion), followed by Purpose Bitcoin ETF holding 22,411 BTC ($1 billion).
Experts predict that many more institutions will get involved in Bitcoin with Microstrategy expected to purchase more Bitcoins. This is foreseen to have a positive impact on the Bitcoin price. According to PlanB, Bitcoin will hit at least $100,000.