Grayscale now holds half a million Bitcoin

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. 

According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap.

But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin’s remaining circulating supply

Appealing to institutional investors who are prepared to…


Source link

About bitcoin

Check Also

Why Bitcoin price just hit $19,000 for the first time in 3 years

The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since …

Leave a Reply

Your email address will not be published. Required fields are marked *