- In the last week, Grayscale Investments has accumulated an additional 17,100 BTC
- This adds to its already impressive Bitcoin holdings that are currently valued at approximately $4.8 Billion
- Such a large accumulation can only mean that Bitcoin’s long term trajectory is up
According to the team at Bybt.com, Grayscale investment has bought an additional 17,100 BTC in the last 7 days. This information was shared via the following tweet by the team at Unfolded with an accompanying chart providing the necessary data for a visual representation of the accumulation in the past week by Grayscale.
The additional 17,100 Bitcoin (BTC) owned by Grayscale can be seen via the blue chart (in the tweet) that shows a considerable spike in Bitcoin positions beginning around 20th September. The recent purchase by Grayscale translates to approximately $182 Million using Bitcoin’s current value at $10,600. Further checking the Grayscale website reveals that the total value of their Bitcoin trust now stands at $4.8 Billion
The recent Bitcoin accumulation by Grayscale comes as no surprise as several investment firms have continued to increase their exposure to BTC. In mid-September, the Chairman and CEO of Microstrategy, Michael Saylor, took to Twitter to announce that the company had purchased a total of 38,250 Bitcoins at an aggregated price of $425 Million.