The adoption of cryptocurrencies, especially Bitcoin, by governments and businesses has marked a significant shift in the global economic landscape.
Like investors, many of the world's largest companies and countries have begun to consider Bitcoin as a potential investment asset and a strategic store of value. This trend is visible in companies such as MicroStrategy, Metaplanet and Semler Scientific and in countries such as El Salvador and Bhutan, which hold a significant amount of Bitcoin in their reserves. Even the United States, which has been in the spotlight of the crypto industry in the context of the presidential elections, holds significant reserves of this cryptocurrency.
What benefits drive the adoption of Bitcoin as a store of value?
Interest in Bitcoin is due to its inherent scarcity and its ability to resist inflation, characteristics that position it as an attractive asset in times of crisis. Likewise, its potential for appreciation over time, as more investors and companies explore the possibility of integrating the cryptocurrency into their balance sheets as a way to protect against the devaluation of the traditional market, is also one of its attractions.
As we will see in this article, some of its major holders, such as El Salvador, which was the first country in the world to declare Bitcoin legal tender; Bhutan, which is listed as the fifth largest holder of the cryptocurrency among the countries that own it; and MicroStrategy, which has become the public company with the largest amount of bitcoins, have seen their respective treasuries grow amid the current BTC and crypto market bull rally.
The price of Bitcoin came very close to reaching $90.000 on Tuesday, registering a New ATH of $89.956,8 dollars per unit, according to data from CoinMarketCap. Because of this, many are wondering how much El Salvador, Bhutan and MicroStrategy have earned in the last week with their Bitcoin holdings.
El Salvador: 5.931,77 BTC
El Salvador has a Current Bitcoin reserve of 5.931,77 BTC, which positions the country as the sixth largest holder of the cryptocurrency.
Since the nation made its Bitcoin holdings public, with the launch of its own mempool In May of this year, it is possible to track the amount of BTC it holds. Thus, on November 4, a day before the US elections and before the Bitcoin price broke its March ATH, El Salvador's strategic bitcoin reserve was around $401 million USD. However, the value of its BTC holdings at the time of writing this article exceeds $516,82 million USD, reflecting An unrealized gain of over $115 million after the Bitcoin price surge in the last week.
Source: Mempool Space El Salvador
As the Salvadoran government's mempool shows, 1 BTC has been added to the nation's crypto wallet almost every day.
Bhutan: 12.574 BTC
The Royal Government of Bhutan has also been accumulating Bitcoin more quietly through mining. Its reserves currently total 12.574 BTC, according to data from the Arkham Intelligence platform.
The day before the election, Bhutan's Bitcoin reserves were around $850 million. However, today, with the price of BTC near $88.000 per unit, the value of these reserves exceeds $1.106 billion, reflecting an unrealized gain of $256 million following the rise in the price of Bitcoin.
Source: Arkham Intelligence
In addition to Bitcoin, the platform's data reveals that the Royal Government of Bhutan also holds other cryptocurrencies, such as Ethereum (ETH), in its treasury reserves.
MicroStrategy: 279.420 BTC
MicroStrategy, the company led by Michael Saylor, has accumulated a significant amount of Bitcoin as part of its investment strategy and store of value. Recently, the company announced that acquired an additional 27.200 bitcoins, bringing its holdings to a total of 279.420 BTC.
As usual for Saylor, through X he published the details of this purchase, reporting an investment of $2.030 billion dollars in his new bitcoins, which were acquired at an average price of $74.463 per BTC. Likewise, Saylor detailed that his company has invested a total of $11.900 billion dollars Since he started buying bitcoins in 2020, lwhich has provided him with an unrealized profit of no less than $12.580 billion.
According to data from Bitcoin Treasuries, MicroStrategy's current Bitcoin holdings are worth $24.488,74 million.
In short, both El Salvador and Bhutan and MicroStrategy have capitalized on the appreciation potential of Bitcoin as a store of value, reflecting a growing trend towards adoption and strategic use of the digital asset.
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
