RE: Grayscale Bought 33 % Of All Bitcoins Mined Over The Past 100 Days ?

This is a big signal that one should not be caught on the sidelines as a spectator , Grayscale is hoarding Bitcoin at an extreme rate it seems :

” The Grayscale Investments has increased its Bitcoin holdings by 60,000 coins in the past 100 days – equal to roughly one-third of all Bitcoin produced at that time.

Given that 88% of Grayscale’s customers fall into the institutional category, this latest finding could be a bullish indicator of how the business class views Bitcoin.

Independent research posted to a cryptocurrency sub-Reddit tracked the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) since 2017. The report indicated that the number of BTC held by Grayscale increased from 283,192 on Feb 7, 2020, to 343,594 on May 17, just a hundred days later. According to the trust’s official website, on May 15, 2020, the assets under management equal $3.3 billion. ”

Cryptonaut Master Asked on May 19, 2020 in Bitcoin.
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1 Answers

60,000 Bitcoin – that’s no small feat. Talk about stackin’ sats!

Master Answered on May 20, 2020.
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