Grayscale Acquires $300 Million in Bitcoin in 24 Hours

avatar

With the recent dumps Grayscale is gobbling up a ton of Bitcoin.

Bybt analytics shows data that, between Jan. 19 and Jan. 20, Grayscale Investments hedge fund added 8,762 BTC to its Bitcoin Trust, which totals a staggering $300 million.

This is also 9.5x of daily Bitcoin mined. That’s an impressive amount of Bitcoin if I’d say so my self.

Having this much exposure in Bitcoin sure makes you wonder why haven’t we been buying... or at least I ask my self that.

Being one of the largest Bitcoin absorber*, Grayscale, gained another adding $300 million in BTC (8,762 coins) to its crypto assets under management.

A tweet posted by the company today, Grayscale now holds $27.2 billion in crypto this is also down compared to last night where they where sitting at $28 billion.. a billion dollar lose over night... that’s Bitcoin for you.

Posted Using LeoFinance Beta

grayscale archon neoxian ctp finance menofcrypto profit hodl ocd bd leofinance
0
0
0.000
3 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 40 of my contest just started...you can now check the winners of the previous week!
9

0
0
0.000
Reply
avatar

soon enough we won't have the opportunity to buy btc eth.. Grayscale and other big funds will take them all

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Imagine that with all of this happening people are still panicking and handing cheap BTC to large whales like these...

Posted Using LeoFinance Beta

0
0
0.000
Reply