April 27, 2024

Largest bitcoin trust amassed 500,000 VTS for $8.36 billion

Largest bitcoin trust amassed 500,000 VTS for $8.36 billion

The Grayscale Investments cryptocurrency fund currently manages half a million bitcoins.

At the rate at the time of publication, costbitcoin trust is $ 8.36 billion. Regularly replenishing its fund of digital assets, the company has already accumulated about 2.7% of all existing military-technical cooperation. If we remove the forever lost cryptocurrency from the calculation, then the indicator increases to almost 3.4%.

Aimed at institutional investors, Grayscale Trust is known for its regular large purchases of Bitcoin. Just last week the fundthe company added 15907 MTC, and over the past six months has grown by 50%. Grayscale also invests heavily in ether and currently owns approximately 2.24% of the total ETH for $ 1.18 billion.

Such regular purchases increase the demand for bitcoin and create a deficit, which stimulates the growth of its rate, which recently exceeded $ 16 thousand.

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