The largest bitcoin trust has accumulated 500,000 BTC worth $ 8.36 billion
The Grayscale Investments cryptocurrency fund currently manages half a million bitcoins.
At the exchange rate at the time of publication, the value of a bitcoin trust is $ 8.36 billion. Regularly replenishing its fund of digital assets, the company has already accumulated about 2.7% of all existing military-technical cooperation. If we remove the forever lost cryptocurrency from the calculation, the indicator increases to almost 3.4%.
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Focused on institutional investors, the Grayscale Trust is known for its regular large Bitcoin purchases. Last week alone, the company’s fund was replenished by 15907 BTC, and over the past six months it has grown by 50%. Grayscale also actively invests in ether and currently owns approximately 2.24% of the total ETH for $ 1.18 billion.
Such regular purchases increase the demand for bitcoin and create a deficit, which stimulates the growth of its rate, which recently exceeded $ 16 thousand.