MILESTONE: Grayscale Buys 16, 244 Bitcoins – 18x Daily Bitcoin Mined – in a Single Day


Grayscale, the largest institutional buyer in the Bitcoin space by far, has purchased a total of 16, 244 Bitcoins in a single day.

The latest purchase is 18 times more Bitcoin than miners add into the Bitcoin circulating supply in a day – a record even for Grayscale for a single day purchase.

The recent purchase now bring to, almost $23 billion, the total assets under the Grayscale Bitcon Trust management or 623, 801.4331 Bitcoins.


SEE ALSO: 87% of Bitcoin Investments in 2020 Came from Institutional Investors, Dominated By Asset Managers, Latest Grayscale Report Reveals


This latest move is quite significant and underscores just how huge institutional demand is.

Below is a breakdown of latest stats on Bitcoin:

  • Retail interest in Bitcoin is back and has surpassed the old peaks
  • Over the past 30 days, 63, 982 Bitcoins has left exchanges for cold/hot wallets
  • Over the past 30 days, Grayscale has added 60,157 BTC worth $2.23B
  • Bitcoin marketcap is now higher than many household financial services
  • Bitcoins held on exchange wallets have dropped dramatically
  • A growing number of institutional funds have expressed interest and positive sentiments in Bitcoin
  • The Bitcoin mining hashrate hits a new all-time high in January 2021
  • The number of Bitcoin addresses holdint at least 1, 000 Bitcoins hits an all-time high metric
  • Some exchanges have already ran out of Bitcoins to sell

If the current rate of Bitcoin purchases continues, institutional investments into Bitcoin will hit approximately 93% – a huge leap from 87% in just a month.


About Grayscale Investments

Grayscale Investments is the world’s largest digital currency asset manager, with more than $20.2B in assets under management as of December 31, 2020. Through its family of 9 investment products,

Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors.


RECOMMENDED READING: [WATCH] Bringing Institutional Investors into the Crypto Space – A Chat with Binance CEO and MicroStrategy CEO


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