Uncovering Grayscale Bitcoin (BTC) Trust’s On-Chain Addresses
Discovering on-chain addresses associated with the Grayscale Bitcoin (BTC) Trust, cryptocurrency analytics platform Arkham Intelligence sheds light on the ongoing battle between Grayscale and the SEC. As an investor, you could be interested to know that the Grayscale Bitcoin (BTC) Trust (GBTC) offers exposure to Bitcoin (BTC) without the need to directly purchase or hold the digital currency. With its recent victory against the SEC, Grayscale intends to transform 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 Bitcoin ( approximately $25.7 million). Although while not providing a complete list, Arkham labels some wallets in the transaction history. Furthermore, Grayscale as of now holds 627,779 Bitcoin (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 (BTC) entity globally.
Grayscale’s Digital currency Holdings
Aside from Bitcoin (BTC) and Ethereum (ETH), Grayscale likewise accumulates other cryptocurrency tokens, including Chainlink, Polygon, Uniswap, Avalanche (AVAX), Synthetix, and Curve. Notably, Chainlink is the most valuable after Ethereum (ETH) and Bitcoin, with Grayscale holding approximately 301,488 LINK tokens valued at $1.9 Million. By diversifying its cryptocurrency portfolio, Grayscale intends to capture probable 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 (BTC) 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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