In a recent post by Grayscale, and subsequent filing, they revealed that they now hold over 500,000 BTC.
Their announcement can be seen here:
That 500,000 BTC represents roughly 2.7% of the entire bitcoin supply.
For those doing the math, that 500,000 BTC is roughly $8.5 billion USD based on a $17k BTC price.
All things that make you say, wow!
Grayscale also released a filing showing all their assets under management, including the amounts they hold in other crypto investment trusts outside of bitcoin.
The filing can be seen here:
The total amount of assets under management at Grayscale now exceeds $10 billion.
When they launched this fund several years back I don't think in their wildest dreams they every would have thought it would be worth more than $10 billion in less than a decade's time.
On that note, it's probably about to be a lot more valuable in the near future as bitcoin looks like it may have a blow off top of sorts here in the next couple days or weeks.
It is basically going straight up right now with no pullbacks to speak of.
I would not be surprised to see a big surge followed by a decent sized correction before it ultimately builds back up for the next leg higher.
Stay informed my friends.
Posted Using LeoFinance Beta