Uncovering Grayscale Bitcoinย (BTC) Trustโs On-Chain Addresses
Discovering on-chain addresses associated with the Grayscale Bitcoinย (BTC) Trust, cryptocurrency analytics platform Arkham Intelligence sheds light on the ongoing battle between Grayscale and the SEC. As an investor, you couldย be interested to know that the Grayscale Bitcoinย (BTC) Trust (GBTC) offers exposure to Bitcoinย (BTC) without the need to directly purchase or hold the digitalย currency. With its recent victory against the SEC, Grayscale intendsย 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). Althoughย while not providing a complete list, Arkham labels some wallets in the transaction history. Furthermore, Grayscale asย ofย now holds 627,779 Bitcoin (worth over $16 billion), as confirmed by the platformโs data dashboard. This balance aligns with Grayscaleโs website and solidifies its position as the second- largest Bitcoinย (BTC) entity globally.
Grayscaleโs Digitalย currency Holdings
Aside from Bitcoinย (BTC) and Ethereumย (ETH), Grayscale likewise accumulates other cryptocurrency tokens, including Chainlink, Polygon, Uniswap, Avalancheย (AVAX), Synthetix, and Curve. Notably, Chainlink is the most valuable after Ethereumย (ETH) and Bitcoin, with Grayscale holding approximately 301,488 LINK tokens valued at $1.9 Million. By diversifying its cryptocurrency portfolio, Grayscale intendsย to capture probable growth opportunities in the market.
Hot Take: Arkhamโs Discovery and Grayscaleโs Security Status
Arkhamโs revelation of the on-chain addresses associated with the Grayscale Bitcoinย (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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