$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week


This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020.

Last Friday, Grayscale Investments filed a quarterly report with the SEC detailing that the firm’s Bitcoin Trust (GBTC) has increased significantly in value. The filing notes that the trust increased in value by over $1.1 billion as of June 30, 2020, from over 125,000 BTC to 387,000 BTC.

June 30 exchange rates show the company’s assets under management (AUM) were valued at $3.5 billion. “The Trust determined the fair value per Bitcoin to be $9,134.09 and $7,145.00 on June 30, 2020,” explains the SEC filing.

The Grayscale Bitcoin Trust SEC filing on August 7, 2020.

In addition to the recent SEC filing, crypto observers have watched Grayscale obtain a massive amount of bitcoin (BTC) during the last five days. On Reddit, an observer explained that Grayscale purchased 5,973 BTC (over $68 million) a few days ago.

After that purchase, the crypto enthusiast noticed the company obtained another 3,729 bitcoins ($42 million) two days after the $68 million purchase.

The recent purchases add 9,702 bitcoins ($110 million) to the trust’s stash, which indicates Grayscale’s Bitcoin Trust is a whopping 401,385 BTC (AUM) or $4.6 billion using today’s exchange rates. Of course, the discussion on Reddit about Grayscale’s recent purchases spurred a lot of speculation.

A number of bitcoiners couldn’t agree on how the crypto assets were actually purchased. “Judging by the lack of impact on the price, I’m going to guess they bought a cash-settled futures contract rather than actual bitcoins,” one Redditor wrote.

A few other individuals were in complete disbelief that Grayscale bought that many coins, as it didn’t seem to affect spot market prices. Most people attributed Grayscale’s purchasing to over-the-counter methods.

“It’s done OTC, with multiple brokers taking their time to carefully procure the coins needed from multiple markets,” exclaimed one bitcoiner commenting on the subject.

The $100 million Grayscale BTC purchase follows the recent announcement from Microstrategy Inc. (NASDAQ: MSTR). The $1.33 billion intelligence company Microstrategy revealed it purchased 21,454 (BTC) for it’s “new capital allocation strategy.”

What do you think about Grayscale buying 9,702 bitcoins? Let us know in the comments section below.

Tags in this story
100 million, 9702 bitcoins, assets under management, AUM, Bitcoin (BTC), bitcoin trust, BTC, Cash-Settled Futures, crypto assets, GBTC, grayscale, Grayscale Investments, Over-the-counter, Reddit, SEC, SEC filing, shares

Image Credits: Shutterstock, Pixabay, Wiki Commons, SEC

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

「最高」のトレード、それを追い求めてきました。

FXを始めるあなたにとって、”最高”とは何でしょうか。

  • ボーナスが多い?
  • スプレッドが狭い?
  • キャッシュバックが良い?

それも良いでしょう。そしてこれらは、私たちにとっては当たり前の前提です。

しかし、それだけでは、何かが足りない――

ツイッター上では、実力のないトレーダーしか存在していません。

また多くの優秀なトレーダーはそもそも、日本からの情報を信用していません。

それはなぜか。

日本は、広告に支配され

発言権が強い者が、ただそれだけの理由で

もてはやされる国だからです。

最近では一極支配の広告業界に亀裂が走り始めていますが、本当の情報にアクセスできるようになるのはまだまだ先のこと。

しかし私たちは知っています。

世界には純然たる天才が存在することを。

Instiute Trader(IT)

彼は海外大手シグナルサイトでトップの実力と人気を誇るトレーダーです。

月間1000pipsを目標としており、また毎日動画を配信する精力さも持ち合わせた、素晴らしい方です。

紹介動画

Optimum Price Action(OPA)

LH-FX.comでは言わずと知れた現存する伝説のEA。おそらくリアルトレードでは間違いなく最高パフォーマンスを叩き出しています。

作者のThangはSentiment Analysisという理論書を発行し、これが一部のファンドなどからも脚光・注目を浴びています。

紹介音声

これらの特典をセットにしてご提供

ブローカーの性能が良いのは当たり前です。

そのうえで私たちが必要なのは、”たえまない資産形成”であり、私たちは誠心誠意をもって、サービスの提供に努めてまいります。

ご案内はトップページ「REALTRADE.INFO」をご覧ください。

 

コメントを残す

メールアドレスが公開されることはありません。 * が付いている欄は必須項目です

English English Japanese Japanese