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.
