Dec 6, 2018
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Grayscale’s Bitcoin [BTC] Investment Trust holds 1.16% of total Bitcoins in circulation

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Bitcoin Investment Trust sponsored by Grayscale Investments, LLC aka Grayscale, according to the recent research by Diar shows that the trust has been accumulating Bitcoins in 2018 despite the brutal bearish market.

Grayscale Bitcoin Investment Trust [GBTC] kicked off the month of December under $1 billion for the first time since its inception in 2013. According to their research published on December 3, 2018, the total Bitcoin holdings for Grayscale as on December was 203,000 Bitcoins and when compared to the 17.4 million BTCs in circulation it controls over 1.16% of the total Bitcoins. Grayscale’s total holdings in Bitcoins alone are worth in excess of $783.81 million.

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