Kevin Rooke, a digital asset analyst who’s well-known for his insightful tweets, recently noted that Grayscale, one of the largest institutional investors in the crypto space, is “on fire.”
Rooke revealed that Grayscale’s Bitcoin (BTC) Investment Trust now holds around 506,000 BTC, which is about 2.73% of “all liquid BTC supply.”
He also mentioned that since Q3 2019, Grayscale’s BTC holdings are up over 2x, and their assets under management (AUM) are up over 4x. He adds that these numbers continue to rise and Q4 2020 isn’t even halfway done yet.
Going on to share the companies, individuals and organizations that hold most of the remaining (approximately) 18 million Bitcoins, Rooke notes that Block.one, the developer of EOS and other blockchain solutions, holds about 140,000 BTC valued at around $2.3 billion or 0.667% of Bitcoin’s liquid supply.