Grayscale Now Owns Nearly 450,000 Bitcoins

By author_nan | News | 29 Sep 2020

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