Uncovering Grayscale Bitcoin Trust’s On-Chain Addresses
Discovering on-chain addresses associated with the Grayscale Bitcoin Trust, crypto analytics platform Arkham Intelligence sheds light on the ongoing battle between Grayscale and the SEC. As an investor, you may be interested to know that the Grayscale Bitcoin Trust (GBTC) offers exposure to Bitcoin without the need to directly purchase or hold the cryptocurrency. With its recent victory against the SEC, Grayscale aims to convert its GBTC product into a spot ETF.
Arkham Intelligence Reveals Wallet Holdings
In a series of posts on the X platform, Arkham Intelligence discloses that the GBTC holdings are distributed across 1,750 wallet addresses, each containing less than 1,000 BTC (approximately $25.7 million). While not providing a complete list, Arkham labels some wallets in the transaction history. Furthermore, Grayscale currently holds 627,779 BTC (worth over $16 billion), as confirmed by the platform’s data dashboard. This balance aligns with Grayscale’s website and solidifies its position as the second-largest Bitcoin entity globally.
Grayscale’s Cryptocurrency Holdings
Aside from Bitcoin and Ethereum, Grayscale also accumulates other crypto tokens, including Chainlink, Polygon, Uniswap, Avalanche, Synthetix, and Curve. Notably, Chainlink is the most valuable after Ethereum and Bitcoin, with Grayscale holding approximately 301,488 LINK tokens valued at $1.9 million. By diversifying its crypto portfolio, Grayscale aims to capture potential growth opportunities in the market.
Hot Take: Arkham’s Discovery and Grayscale’s Security Status
Arkham’s revelation of the on-chain addresses associated with the Grayscale Bitcoin Trust brings an end to long-term speculation about the security status of the asset manager. By shedding light on the wallets and their holdings, investors can gain a better understanding of the transparency and security measures implemented by Grayscale.
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