Grayscale has purchased 78,354 bitcoins worth $690 million since April 2020
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On August 31, an anonymous Reddit user compiled a data sheet of Bitcoin purchase records of digital asset management company Grayscale from early April 2020 to the present. The form shows that Grayscale's purchase of Bitcoin accelerated after early April this year. In 100 days, the Bitcoin Trust Fund (GBTC) increased its holdings of 78,354 Bitcoins, worth $690 million, and purchased Bitcoin at an average rate of 800 Bitcoins per day, which is equivalent to 85% of the newly minted Bitcoin supply. |
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