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 ArkhamGrayscale’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? 

• Grayscale reportedly owns over 627,000 BTC....


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