Grayscale’s staggering Bitcoin holdings and possible impact on BTC
Grayscale’s Bitcoin treasure trove, now the second-largest globally, raises questions about BTC’s decentralization. Can this behemoth influence Bitcoin’s fate?
• Grayscale reportedly owns over 627,000 BTC.
• The current BTC in circulation was over 19 million.
Recent research by Arkham Intelligence has uncovered that Grayscale possesses a substantial volume of Bitcoin [BTC]. What is the amount held by the trust, and does this volume raise concerns about the decentralization of BTC?
Second-largest Bitcoin holder identified
A recent report from Arkham Intelligence revealed that Grayscale Investments currently held the second-largest number of Bitcoins on a global scale. According to Arkham, Grayscale’s Bitcoin holdings surpassed 627,000 BTC, with a total valuation exceeding $16 billion. Also, these Bitcoins are distributed across over 1,750 addresses, with no single address holding more than 1,000 BTC.
Grayscale Investments is a digital currency asset management company known for offering the Grayscale Bitcoin Trust. It is a digital currency investment product accessible to individual investors who can trade it through their brokerage accounts.
Read More: https://ambcrypto.com/grayscales-staggering-bitcoin-holdings-and-possible-impact-on-btc/
Grayscale’s staggering Bitcoin holdings and possible impact on BTC
Grayscale’s Bitcoin treasure trove, now the second-largest globally, raises questions about BTC’s decentralization. Can this behemoth influence Bitcoin’s fate?
