After Halving, Grayscale bought 50% more Bitcoin Than the miners produced

After Halving, Grayscale bought 50% more Bitcoin Than the miners produced

By Kluma | InterestingCrypto | 28 May 2020


The company acquired almost 19 thousand BTC in three weeks and began to invest in cryptocurrency more often by 80%

Since the halving, which took place on may 11, the investment company Grayscale Investments has purchased 18,910 bitcoins. This is 53% more than the number of coins mined by miners during this period — 12,337 BTC. This was written by analyst Kevin Rook on his Twitter account.


"Grayscale has bought 18,910 BTC since halving. After halving, only 12,337 BTC was extracted. Wall street wants bitcoin, and they don't care what Goldman Sachs says," Rook said.


According to his calculations, the company doubled its investment in cryptocurrency after halving. Before this event, Grayscale Investments bought about 607 BTC per day, now-1112 BTC.

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