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Home Latest News Bitcoin Grayscale Buys Almost $140 Million in BTC in 24 Hours

Grayscale Buys Almost $140 Million in BTC in 24 Hours

The company purchased over 7,1000 BTC on Dec 4 to hold on behalf of clients and investors.

Grayscale, the Bitcoin Trust custodian and digital asset manager, has added another $140 million worth of Bitcoin to their Bitcoin Trust portfolio within the last 24 hours.

According to Beincrypto, Grayscale made the purchase of 7,188 Bitcoins in just one day. This confirms continued institutional interest surrounding their Bitcoin offering.

When you look at Grayscale Bitcoin holdings over the past week and month, a similar pattern appears. In the past week, Grayscale added over 14,000 BTC.

In the past month the company added a whopping 64,832 BTC worth collectively over $1.2 billion. Miners created only 27,881 BTC in all of November, or only half the Bitcoin Grayscale purchased during the month. It is apparent just how massive and influential Grayscale is as a cryptocurrency focused entity.

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