Unveiling the Cryptocurrency Addresses of Grayscale Bitcoinย (BTC) Trust
You can now verify the holdings of the Grayscale Bitcoinย (BTC) Trust (GBTC), the second- largest known Bitcoinย (BTC) holding entity worldwide, thanks to the efforts of Onchain detectives from the Arkham Intelligence platform. With over $16 Billion in BTC, Grayscaleโs holdings were recently realizedย and reported by Arkhamโs official account on September 6. Previously, investors had to rely on the companyโs 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, Grayscaleโs Bitcoinย (BTC) Trust holds a total of 627,779 Bitcoin ($16.14 billion), distributed across more than 1,750 different addresses. Each address holds no more than 1,000 BTC.
Exploring Grayscaleโs Digitalย currency Holdings
Alongย with the Bitcoinย (BTC) Trust holdings, Grayscaleโs known addresses likewise contain 29 other digitalย currencies, bringing the total digital assets value to $21.07 billion, including BTC.
Nonetheless, wholeย lotย of holdings are only observed in the following 10 cryptocurrencies:
- Ethereumย (ETH) (ETH): 3.026 Million Ethereumย (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)
- Avalancheย (AVAX) (AVAX): 7,052 Avalancheย (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 Grayscaleโs addresses on intelligence platforms like Arkhamโs.
Grayscale has gained prominence in the digitalย currency market as one of the leading corporations in cryptocurrency asset management. They are asย ofย now awaiting a decision from the Unitedย States SEC regarding their request to transform GBTC into a spot Bitcoinย (BTC) ETF.
Hot Take: Revealing the Extent of Grayscaleโs $16 Billion Bitcoinย (BTC) Trust Holding
The recent identification of Grayscale Bitcoinย (BTC) Trustโs cryptocurrency addresses provides investors with transparency and theย probable to independently verify the entityโs holdings. This development adds trust and accountability to Grayscaleโs operations, benefiting the cryptocurrency community as a whole. With Grayscale managing billions of dollars in numerous digitalย currencies, their role in the market and the ongoing regulatory considerations surrounding them highlight the growing importance of cryptocurrency assets in the financial landscape.
Fin Boldom has emerged as a notable crypto analyst, accomplished researcher, and adept editor, leaving a distinct mark in the field of cryptocurrency. As a skilled crypto analyst and researcher, Fin’s insights delve deep into the complexities of digital assets, resonating with a diverse audience. His analytical acumen is seamlessly complemented by his editorial finesse, enabling him to distill intricate crypto information into easily comprehensible content
