Grayscale currently holds more than 500,000 Bitcoins

According to Grayscale's latest tweet, Grayscale's Bitcoin Trust currently holds more than 500,000 Bitcoins, worth more than $8.3 billion, and may actually account for 3.37% of the remaining circulating supply of Bitcoin. Grayscale's massive acquisition of Bitcoin in 2020 shows that institutional interest is snowballing rapidly.

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust.
According to a Nov. 16 post, Grayscale now holds $8.35 billion worth of Bitcoin — equivalent to 2.69% of Bitcoin’s circulating supply and market capitalization.
But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now own 3.37% of Bitcoin’s remaining circulating supply.
Grayscale Bitcoin Trust attracts institutional investors who are prepared to pay a premium to buy and hold cryptocurrencies with the security of a regulated fund. Currently, shares of Grayscale Bitcoin Trust are worth $15.62 each, but are changing hands at $18.86. This is equivalent to a premium of nearly 19%. Grayscale also charges a 2% annual fee.
Grayscale Bitcoin Trust currently holds over $500,000 in BTC. Yes, you read that correctly. Learn more about the world's largest #Bitcoin investment product. #GoGrayscale https://t.co/2sEpUdw8iN
— Grayscale (@Grayscale) November 16, 2020 The Grayscale Bitcoin Trust has been actively accumulating Bitcoin during 2020, increasing its BTC holdings by nearly 50% over the past six months. For a fund launched seven years ago, its 2020 gains are steep, suggesting that institutional interest is snowballing quickly.
Last week, the fund reported its largest weekly inflow ever, purchasing 15,907 BTC worth $215 million.
Grayscale’s Ethereum Fund also increased its purchases during 2020 and now holds approximately $1.175 billion worth of Ether, accounting for 2.24% of ETH’s overall circulating capital.
Grayscale’s other eight crypto funds currently manage nearly $400 million worth of assets, bringing the total value of digital assets under management by the firm to $9.9 million. (Cointelegraph)