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Grayscale Now Owns Nearly 450,000 Bitcoins

Grayscale Now Owns Nearly 450,000 Bitcoins

Digital asset management firm Grayscale Investments now owns 449,00 Bitcoins, after having purchased another large amount in the past week of September.

  • Grayscale purchased 17,000 BTC in the last 7 days, bringing their total holdings to 449,000 BTC
  • The Grayscale Bitcoin Trusts (GBTC) owns 2.43% of the total Bitcoin supply, worth $4.8 billion in total
  • The firm offers several cryptocurrency products to institutional investors, including BTC, Ethereum (ETH), XRP, and Zcash (ZEC) Trusts
  • Investors buy assets at a premium from Grayscale, and avoid the trouble of custody; the BTC trust has an ROI of over 7,500% since inception
  • Bitcoin has been performing well in recent months, staying above the $10,000 mark for its longest streak yet at 64 days

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