- Countries and companies own close to 8% of all the Bitcoins available.
- BanklessTimes.com has done an analysis of BTC ownership. It concludes that governments and companies hold nearly 1.6 million BTC.
- Bulgaria, MicroStrategy, and Block.one are some of the significant BTC holders.
BanklessTimes.com has been analyzing data on BTC ownership. The site concludes that governments and companies own close to 8% of all BTC. This means that they control roughly 1.6 million BTC worth $45.85B. Bulgaria, MicroStrategy, and Block.one are the major BTC holders.
BanklessTimes.com’s CEO has been sharing his thoughts on the revelation. He holds, “The cryptocurrency market has changed dramatically since Bitcoin first launched in 2009. At the time, few people knew about it, and even fewer understood it. But now, many have invested billions of dollars in it. The skepticism that surrounded it has given way to a growing belief in its worth.”
ETFs lead institutional investors holding BTC
According to BanklessTimes’ analysis, Bitcoin ETFs hold about 816 thousand BTC with a value of nearly $24B. Additionally, three ETFs: Grayscale Bitcoin Trust (GBT), Coinshares/XBT provider, and Purpose Bitcoin ETF, dominate the space.
GBT holds nearly 644,000 coins with a value of $18.9B, Coinshares/XBT provider follows in second place with 48,466 coins, and Purpose Bitcoin ETF has some 31,453 coins.
Countries owning Bitcoin
Several nations own a combined 271,417 BTC with a value of $7.97B. Of these, Bulgaria owns the largest share of coins. Its cache of 213,519 BTC has a valuation of $6.27B.
That’s five times more than Ukraine’s holding, which owns 45,351 BTC. Meanwhile, El-Salvador, Finland, and Georgia hold 9,500, 1,981, and 66 BTC respectively.
Private and public companies with BTC holdings
Public companies hold 266,417 BTC worth $7.78B. MicroStrategy has the lion’s share of these funds at over 129,000 BTC. Tesla comes second with about 43,000 coins. And Galaxy Digital Holdings completes the top three with its ownership of 16,400 BTC.
Meanwhile, private companies have reserves of over 202,000 BTC that work to about $5.92B. Block.one has the largest stash of 140,000 BTC. Luna Foundation and The Tezos Foundation own 28,000 and 17,500 BTC, respectively.
