Grayscale Now Owns 3% Of All Bitcoin In Circulation
Grayscale has gobbled up 3% (!!!) of all BTC in circulation after their most recent purchase yesterday
After purchase of 16,244 BTC ($607 million) on 18 January, Grayscale recently became the biggest institutional buyer in the Bitcoin market. This development took place after a 15 January update from the firm, which revealed that Grayscale’s total assets under management were $27.1 billion in crypto.
The news reverberated throughout the digital asset space.