Grayscale Acquires $300 Million in Bitcoin in 24 Hours

By Chronocrypto | Crypto Chronicles | 21 Jan 2021

With the recent dumps Grayscale is gobbling up a ton of Bitcoin.

Bybt analytics shows data that, between Jan. 19 and Jan. 20, Grayscale Investments hedge fund added 8,762 BTC to its Bitcoin Trust, which totals a staggering $300 million.

This is also 9.5x of daily Bitcoin mined. That’s an impressive amount of Bitcoin if I’d say so my self.

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Having this much exposure in Bitcoin sure makes you wonder why haven’t we been buying... or at least I ask my self that.

Being one of the largest Bitcoin absorber*, Grayscale, gained another adding $300 million in BTC (8,762 coins) to its crypto assets under management.

A tweet posted by the company today, Grayscale now holds $27.2 billion in crypto this is also down compared to last night where they where sitting at $28 billion.. a billion dollar lose over night... that’s Bitcoin for you.
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