Bitcoin : Grayscale, this colossus of crypto finance with 506,000 Bitcoins


The asset manager continues to amass Bitcoin for its investors. Within a week, Grayscale acquired an additional 15,114 bitcoins for $ 241 million. Its Grayscale Bitcoin Trust (GBTC) now holds 506,000 Bitcoin for a total of $ 8.2 billion.

How far will the appetite of Grayscale and its investor clients go? The threshold of 500,000 Bitcoin in management has now been reached for the American asset manager. During the last week, it acquired an additional 15,114 Bitcoin.

On behalf of its clients, Grayscale was therefore spending $ 241 million more to enrich its crypto-currency portfolio. With this new purchase on the market, the fund now totals 506,000 Bitcoin.

$ 8.2 billion in Bitcoin in the GBTC

Its Grayscale Bitcoin Trust (GBTC) therefore now totals $ 8.2 billion. Bitcoin is not the only asset under management, however. In total, the company indeed holds almost $ 10 billion worth of cryptocurrency. This includes Ether, Bitcoin Cash, Stellar, XRP or even Litecoin.

Grayscale’s main crypto-asset remains Bitcoin nonetheless. The fund manager is even one of the biggest buyers. These investments thus weigh no less than 2.29% of the overall capitalization of Bitcoin, recalls Decrypt.

Among listed companies, Grayscale is even the top Bitcoin holder according to Bitcointreasuries.org. All of these players together represent 814,359 bitcoins. Grayscale’s share now exceeds 60%.

Grayscale owns 62% of Bitcoin in listed companies

The figures of the Bitcoin Trust undoubtedly reflect the strong investor interest in Bitcoin in 2020. Its creation dates back to 2013, but it is this year that it shows the strongest growth.

As of January, assets under management totaled $ 1.9 billion. In just 9 months, they were already reaching $ 4.7 billion. And on average, an additional $ 39.5 million was added to Bitcoin Trust every week.

But as of the 3rd quarter, that value is $ 55 million. And this figure should continue to rise over the coming months. According to the “Bitcoin Investor Study”, the interest of American investors in Bitcoin reached 55%, against 36% in 2019.