Unveiling the Crypto Addresses of Grayscale Bitcoin Trust
You can now verify the holdings of the Grayscale Bitcoin Trust (GBTC), the second-largest known Bitcoin holding entity worldwide, thanks to the efforts of Onchain detectives from the Arkham Intelligence platform. With over $16 billion in BTC, Grayscale’s holdings were recently discovered and reported by Arkham’s official account on September 6. Previously, investors had to rely on the company’s public reports as they refused to disclose their addresses due to security concerns, as stated in a post in November 2022.
According to the findings, Grayscale’s Bitcoin Trust holds a total of 627,779 BTC ($16.14 billion), distributed across more than 1,750 different addresses. Each address holds no more than 1,000 BTC.
Exploring Grayscale’s Cryptocurrency Holdings
In addition to the Bitcoin Trust holdings, Grayscale’s known addresses also contain 29 other cryptocurrencies, bringing the total digital assets value to $21.07 billion, including BTC.
However, significant holdings are only observed in the following 10 cryptocurrencies:
- Ethereum (ETH): 3.026 million ETH ($4.93 billion)
- Chainlink (LINK): 301,488 LINK ($1.88 million)
- Polygon (MATIC): 3.196 million MATIC ($1.77 million)
- Uniswap (UNI): 263,888 UNI ($1.17 million)
- Basic Attention Token (BAT): 5.826 million BAT ($977,030)
- Maker Protocol (MKR): 338.47 MKR ($383,130)
- AAVE Protocol (AAVE): 4,999 AAVE ($275,320)
- Synthetix Network (SNX): 91,488 SNX ($213,170)
- Curve Finance (CRV): 297,523 CRV ($130,250)
- Avalanche (AVAX): 7,052 AVAX ($69,670)
Other holdings amount to less than $5,000, mostly consisting of small fractions that were likely sent without request to include the tokens in Grayscale’s addresses on intelligence platforms like Arkham’s.
Grayscale has gained prominence in the cryptocurrency market as one of the leading firms in crypto asset management. They are currently awaiting a decision from the US SEC regarding their request to convert GBTC into a spot Bitcoin ETF.
Hot Take: Revealing the Extent of Grayscale’s $16 billion Bitcoin Trust Holding
The recent identification of Grayscale Bitcoin Trust’s crypto addresses provides investors with transparency and the ability to independently verify the entity’s holdings. This development adds trust and accountability to Grayscale’s operations, benefiting the crypto community as a whole. With Grayscale managing billions of dollars in various cryptocurrencies, their role in the market and the ongoing regulatory considerations surrounding them highlight the growing importance of crypto assets in the financial landscape.
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