Financepr.com recently presented data on the amount of Bitcoin held in different categories. According to the findings, Bitcoin treasuries now have about 7.2% of the total available Bitcoins. ETFs account for most of this amount, while private companies hold the least.
Edith Reads from financepr.com was asked to comment on the findings, and this is what she said, “There has definitely been a surge in the number of companies adding BTC to their list of assets. Many public companies are using this strategy to hedge against inflation and access BTC exposure on equity markets. Also, ETfs remain popular among BTC buyers, perhaps because they allow for diversification. I think it’s safe to expect increased holdings across the board in the coming months.”
ETFs hold majority coins, governments come second
ETFs, different countries, public and private companies hold these BTC assets. ETFs currently have 3.58%, which is about 809,848 bitcoins. Countries and public companies have 1.292% and 1.181%, respectively. Private companies hold about 174,068 BTC, which is only 0.829%
Bulgaria’s holding is the largest among the countries. The government accounts for 1.017% of the total supply. El Salvador comes third with 9500 BT, right after Ukraine. Other countries on the list are Finland, and Georgia.
MicroStrategy spearheading acquisition
MicroStrategy tops the list of holdings by public companies, while Block.One comes first among private companies. The two hold about 0.592% and 0.667%, respectively. The ETF with the largest holding is Grayscale Bitcoin Trust. The company’s 648.069 bitcoins make up 3.068% of the total coin supply.
In February 2021, MicroStrategy held the Bitcoin for Corporations Global Conference. The event aimed to educate companies on all the legal considerations they needed to incorporate BTC in their business operations. Following the online seminar, more companies went ahead to acquire BTC assets.
Source: Financepr.com
