Over the last two years, plenty of private and non-private corporations, exchange-traded merchandise (ETPs), and nations have added bitcoin to their steadiness sheet. Nevertheless, over the past 9 months of 2022, the variety of bitcoin saved in some of these treasuries dropped by 57,481 bitcoin, price round $1.1 billion utilizing right this moment’s alternate charges.
On October 17, 2022, 65 corporations, ETPs, and nations maintain bitcoin (BTC) on their steadiness sheet. The information stems from the bitcoin treasuries checklist, which aggregates the present bitcoin holdings in publicly traded and personal corporations, ETPs, and nations.
On the time of writing and as of September 8, 2022, the bitcoin treasuries checklist signifies that roughly 65 of the aforementioned forms of entities personal roughly 1,443,925 BTC or 6.876% of the 21 million capped provide. Whereas the steadiness is a big sum, 57,481 BTC price $1.1 billion has been erased from the bitcoin treasuries checklist because the begin of 2022.
The 1.44 million BTC in treasuries right this moment is price roughly $27.76 billion utilizing present spot market values. Knowledge saved by way of archive.org exhibits that when 2022 began, the 65 publicly traded and personal corporations, ETPs, and nations held 1,501,406 BTC.
On the time, the 1.501 million BTC was price $63.25 billion utilizing alternate charges on January 2, 2022. The most important change over the past 9 months was Tesla’s steadiness sheet, which noticed 32,177 BTC faraway from the agency’s treasury.
Tesla as soon as had 42,902 BTC and right this moment, the agency’s treasury holds 10,725 BTC. The 32,177 BTC represents 55.98% of the 57,481 BTC erased from the bitcoin treasuries checklist because the begin of the 12 months.
Whereas companies like Tesla unloaded BTC, the checklist additionally exhibits a couple of corporations growing their stash. As an illustration, Microstrategy had 124,391 BTC on January 2, 2022, and right this moment, the corporate holds roughly 130,000 BTC.
Microstrategy’s cache grew by 4.51% because the begin of the 12 months. Tesla’s steadiness sheet, however, noticed a lower of round 75% of its bitcoin holdings.
The most important treasury holder on the bitcoin treasuries checklist is the ETP managed by Grayscale Investments. Grayscale’s Bitcoin Belief (OTCMKTS: GBTC) holds 643,572 BTC in keeping with the bitcoin treasuries checklist, which equates to $12.37 billion in USD worth utilizing right this moment’s alternate charges.
Out of the 21 million provide, the BTC held by GBTC represents 3.065% and GBTC’s cache additional equates to 44.57% of the 1.44 million BTC in treasuries right this moment. Out of all 60 entities that maintain BTC on their steadiness sheets, solely 4 entities maintain greater than 100,000 BTC.
The 4 organizations holding greater than 100K BTC embody Grayscale’s Bitcoin Belief (643K), Microstrategy (130K), Mt Gox (141K), and Block.one (140K). These 4 entities alone command 1,054,000 BTC of the 1.44 million BTC held by 65 entities.
Regardless of erasing 57,481 BTC since January 2, the checklist has grown since July 17, 2022 because the variety of BTC held by treasuries was round 1,325,396 BTC. With 1.44 million held right this moment, roughly 120,000 bitcoins had been added to steadiness sheets since July 17.
Statistics for the present bitcoin treasuries checklist talked about on this article are derived from the online portal buybitcoinworldwide.com, and archive.org metrics saved on January 2, 2022, from the identical web site.
What do you concentrate on the 57,481 bitcoin that’s been erased from the bitcoin treasuries checklist? What do you concentrate on the truth that 4 entities command a majority of the 1.44 million held by 65 entities? Tell us your ideas about this topic within the feedback part under.
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Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.
Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.
In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
— Arkham (@arkham) January 10, 2025
Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.
Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.
Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.
The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.
Featured image from Fortanix, chart from TradingView
Scammers stole millions of dollars in cryptocurrency from remote job seekers in an elaborate scheme. New York Attorney General Letitia James has filed a lawsuit to recover over $2 million that she said was stolen from New Yorkers and others nationwide.
Scammers used unsolicited text messages to lure victims with promises of flexible, well-paying remote work opportunities. They claimed the job involved reviewing products online to generate market data. However, victims were told to open cryptocurrency accounts and maintain balances matching the price of products they were reviewing.
While victims believed they would receive their investments plus commissions, the funds were instead transferred into the scammers’ crypto wallets. The fake product reviews took place on a fraudulent website created as part of the scheme.
The lawsuit details seven people who were scammed. One victim, a New Yorker, lost over $100,000 while another victim from Florida lost over $300,000. These cases show the significant financial and emotional impact on the victims.
James’ office, working with Queens District Attorney Melinda Katz and her cryptocurrency unit, traced the stolen funds to specific digital wallets. Over $2 million in cryptocurrency has been frozen, ensuring it can be returned to victims.
“Deceiving individuals seeking remote work is cruel and unacceptable,” said James. “We’re committed to holding scammers accountable and recovering stolen funds.”
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