Bitcoin slides M/M, but treasuries' holdings climb, data show

[Olsztyn, Poland 13 July 2021. Golden bitcoin coin over defocused stock chart]
Nastco

Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) fell ~4% from a month ago as of Monday, though the holdings of bitcoin treasuries climbed during the same period.

The various BTC treasury entities increased their holdings by 8.4% to 4.04M coins in the past 30 days, data [https://bitcointreasuries.net/] from BitcoinTreasuries showed, signaling investors took advantage of the recent slump.

Exchange-traded funds and other funds, such as the iShares Bitcoin Trust (IBIT [https://seekingalpha.com/symbol/IBIT]), held the most bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]), at 1.54M coins, followed by public companies (1.05M), governments (643.3K), private companies (279.1K), DeFi/smart contracts (375K) and exchanges/custodians (155.7K).

Late last week, bitcoin's (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) price dropped to multi-month lows late last week -- as low as ~$104K -- when financial markets broadly sold off amid trade tensions between the U.S. and China and concerns about the health of U.S. regional banks.

But the mood shifted back to bullish [https://seekingalpha.com/news/4505583-bitcoin-starts-week-above-110k-as-risk-sentiment-improves] territory over the weekend and into Monday, as crypto prices reversed some of the recent weakness, amid broader gains across global equity markets. Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) changed hands at 110.3K at the time of writing, up 1.5% in the last 24 hours.

Strategy (MSTR [https://seekingalpha.com/symbol/MSTR]), the largest corporate holder of bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]), disclosed [https://seekingalpha.com/news/4505564-strategy-purchases-168-bitcoin-for-188m-in-past-week] earlier another modest weekly bitcoin purchase of 168 tokens for a total of $18.8M during the Oct. 13-19 period.

Other major corporate bitcoin holders: MARA Holdings (MARA [https://seekingalpha.com/symbol/MARA]), Riot Platforms (RIOT [https://seekingalpha.com/symbol/RIOT]), CleanSpark (CLSK [https://seekingalpha.com/symbol/CLSK]), Gemini Space Station (GEMI [https://seekingalpha.com/symbol/GEMI]), Coinbase Global (COIN [https://seekingalpha.com/symbol/COIN]).

MORE ON BITCOIN USD

* Bitcoin's Rally Cracks: Here's My Downside Trading Plan (Technical Analysis) [https://seekingalpha.com/article/4831073-bitcoins-rally-cracks-heres-my-downside-trading-plan]
* Bitcoin Is At Trend Support [https://seekingalpha.com/article/4830906-bitcoin-is-at-trend-support]
* Is Bitcoin's Popularity Undermining Its Use For Hedging Stock Market Risk? [https://seekingalpha.com/article/4830615-is-bitcoin-popularity-undermining-its-use-for-hedging-stock-market-risk]
* Bitcoin starts week above $110K as risk sentiment improves [https://seekingalpha.com/news/4505583-bitcoin-starts-week-above-110k-as-risk-sentiment-improves]
* Strategy purchases 168 bitcoin for $18.8M in past week [https://seekingalpha.com/news/4505564-strategy-purchases-168-bitcoin-for-188m-in-past-week]