Unveiled: Discovery of Grayscales $16 billion Bitcoin Trust reserves

Unveiled: Discovery of Grayscales $16 billion Bitcoin Trust reserves


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.

Grayscale Bitcoin Trust’s holdings onchain map. Source: Arkham Intelligence (by Finbold on September 7, at 12 pm UTC)

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

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

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.

Unveiled: Discovery of Grayscales $16 billion Bitcoin Trust reserves
Author – Contributor at Lolacoin.org | Website

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. Fin’s contributions serve as a valuable guidepost for both seasoned enthusiasts and newcomers, navigating the dynamic terrain of cryptocurrencies with well-researched perspectives. With meticulous attention to accuracy, he empowers informed decision-making within the ever-evolving crypto domain.