Grayscale has Bought More Bitcoin than has Been Mined Since Halving

Grayscale has Bought More Bitcoin than has Been Mined Since Halving
фото показано с : beincrypto.com

2020-5-30 17:10

Institutional interest in Bitcoin is increasing, so much so that major firms are buying up the asset at unprecedented rates.

Grayscale has been aggressive on BTC acquisition since the halving. The investment firm has purchased 18,910 bitcoins over the past couple of weeks according to investor Kevin Rooke [@kerooke], who added,

“Wall Street wants Bitcoin, and they don’t care what Goldman Sachs has to say.”

According to those figures, only 12,337 BTC have been mined since the halving, and Grayscale has added 50% more to its coffers.

Image courtesy of Kevin Rooke (@kerooke)

Grayscale’s Bitcoin Trust represents one of the industry’s largest institutionally targeted funds. It allows investors to gain exposure to BTC without having to buy the actual asset.

According to the latest performance reports, each share currently represents $8.96 in Bitcoin, with a market price per share of $10.88. Grayscale’s current assets under management (AUM) figure stands at $3.7 billion, which makes up 1.4% of the entire cryptocurrency market capitalization.

Company founder and CEO, Barry Silbert [@barrysilbert], replied to the tweet with a simple ‘shhhh’ indicating that Grayscale could be still aggressively buying and hoarding Bitcoin.

The post Grayscale has Bought More Bitcoin than has Been Mined Since Halving appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66397.95 (+0.21%)
Объем 24H $19.82b
Изменеия 24h: -0.78 %, 7d: 8.04 %
Cегодня L: $66031.14 - H: $66480.97
Капитализация $1308.081b Rank 1
Цена в час новости $ 9389.37 (607.16%)

bitcoin grayscale halving bought mined according investor

bitcoin grayscale → Результатов: 126


Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time

In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch.  Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day […]

2024-5-5 03:00


Фото:

Суд разрешил криптокредитору Genesis продать акции фонда Grayscale Bitcoin Trust на $1,3 млрд

Суд по делам о банкротстве Южного округа Нью-Йорка удовлетворил ходатайство обанкротившегося криптокредитора Genesis Capital, просившего разрешить ради погашения долгов перед кредиторами продать акции фонда Grayscale Bitcoin Trust (GBTC) на $1,3 млрд.

2024-2-16 23:20


Grayscale Bitcoin Trust Holdings Are Spread Over 1,750 Wallet Addresses, Arkham Finds

Crypto analytics platform Arkham Intelligence claims to have found on-chain addresses associated with the Grayscale Bitcoin Trust. This revelation comes amidst the ongoing battle between asset management firm Grayscale and the United States Securities and Exchange Commission (SEC) over converting the Bitcoin Trust into a spot exchange-traded fund (ETF). The Grayscale Bitcoin Trust, with the […]

2023-9-8 16:00


Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after ruling

In a landmark ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit vacated an order from the Securities and Exchange Commission (SEC), granting Grayscale Investments LLC a long-awaited victory in its lawsuit over the conversion of its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF).

2023-8-29 17:47