Data from Bybt analytics website has it that, between Jan. 19 and Jan. 20, Grayscale Investments hedge fund added 8,762 BTC to its Bitcoin Trust, which totals a staggering $300 million.
This is also 9.74x of daily Bitcoin mined.
Grayscale adds $300 million BTC, now holds $27.2 billion in crypto AUM
The largest Bitcoin absorber, Grayscale, gained another gargantuan portion of the cryptocurrency yesterday, adding $300 million in BTC (8,762 coins) to its crypto assets under management.
According to the tweet posted by the company today, Grayscale now holds $27.2 billion in crypto AUM.
However, due to the fall in the price of Bitcoin and other digital assets, this is a smaller sum than was published by Grayscale on Jan. 19: $28.1 billion.
In 2020, the total BTC inflows into Grayscale amounted to a whopping $4.7 billion, according to the company’s 2020 Q4 report published earlier this week.
The document also shows that, in the last quarter of 2020, Grayscale Bitcoin Trust raked in $2.8 billion from financial institutions.
Related
Bitcoin drops to the $32,500 zone
The flagship cryptocurrency continues its decline begun on Jan. 15, when Bitcoin began slumping from the $39,700 level.
During the week, BTC has several times visited the $34,000 price mark and has been trading in a range. Today, Bitcoin lost more value and has dropped to the $32,540 area.
