Minus El Salvador, Microstrategy and Tesla after the fall of Bitcoin?

Bitcoin (BTC) has fallen significantly recently, however, many companies that have invested in cryptocurrencies do not sell their assets. In this article, we will find out in what minus el Salvador, Microstrategy, Tesla and Block went after the fall of Bitcoins?

The Bitcoin Treasuries website closely monitors what is happening on the balance sheet of these companies.

Corporations with Bitcoins in their pockets

Tesla – Many companies hold their bitcoins well. What’s special is that Tesla is in the deepest minus — if we’re talking about companies. At the time of writing, Tesla’s total Bitcoin count is 56% in the red. The automaker is estimated to have bought bitcoin at an average price of $48,000 and, according to the data, is suffering the most.

Michael Sailor’s MicroStrategy is perhaps the noisiest company when it comes to Bitcoin. However, according to Bitcoin Treasuries, it suffered “only” 30% of the losses. According to the information, MicroStrategy bought Bitcoin at an average price of $ 29,534 per coin.

Block (formerly Square) – Jack Dorsey’s Block is another company that owns a large supply of BTC. This company of the famous founder of Twitter fell by only 20%, according to an official square document.

El Salvador is the biggest loser

There are at least 2301 BTC in El Salvador, according to Reuters. El Salvador’s portfolio has more than halved at indicative purchase prices. That makes him the biggest loser we know of. The country is not included in the list of Bitcoin Treasuries.

The distribution of tokens is also striking. MicroStrategy (ticker: MSTR) has the largest amount (at the moment) of 129,218 BTC. Thus, MSTR owns a whopping 0.615% of all Bitcoins on our planet.

Tesla owns approximately 43,200 BTC, which is only 0.2% of the total balance. These are by far the two leaders in the number of Bitcoins available, the two largest. The next non-miner is Block (formerly Square), which has approximately 8,027 coins. This means that Block owns approximately 0.03% of the total number of Bitcoins of 21,000,000 coins.

Author: Anton Zaitsev, Analyst at Freedman Club Crypto News