Grayscale Continues to Hold Large Amounts of Bitcoin (BTC) Despite the Correction


grayscale ck

According to the data of the Bybt analytical platform, the Bitcoin (BTC) balance of the world-famous investment company Grayscale has decreased since February. This decline appears to be a very small amount in the face of major corrections and exits.

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According to the Bybt chart, Grayscale’s Bitcoin holdings have dropped from 655.44K BTC to 652.27K since February 18.

However, it should be noted that there have been major exits as Bitcoin has almost halved from the $65,000 ATH level. The asset is trading at $35,438 at the time of writing, according to Coinmarketcap data.

If Grayscale’s product is GBTC, I am trading at a discount of more than 11%. This discount has been going on for a while.

Grayscale has made two large Bitcoin purchases recently. The company bought 142.07K Bitcoin in its first purchase, and 38.89K Bitcoin in its second purchase.