Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 天.
The dramatic accumulation was noted by Rafael Schultze-Kraft, the CTO of crypto analytics firm Glassnode, who noted that only 26,000 BTC have been mined into existence since the start of the year. That means Grayscale has purchased Bitcoin at a rate that is 54% faster than new BTC supply has been created during 2021 迄今为止. However the vast majority was purchased in the last 16 天, meaning that for the past two weeks Grayscale has been buying around 170% more Bitcoin than was mined over the same period.
Bitcoins mined in 2021: ~26,000 BTC
Grayscale holdings in 2021: +40,000 比特币
That’s who you’re selling to, when you’re selling now.#Bitcoin pic.twitter.com/JV5zN6AWxy
— Rafael Schultze-Kraft (@n3ocortex) 一月 28, 2021
If it keeps buying at such high levels, Grayscale will have amassed 912,500 比特币, 或大致 5% of Bitcoin’s circulating supply, 到年底 2021.
Grayscale purchased more than $5 billion worth of Bitcoin in 2020, with the firm accumulating $251 million weekly on average during the fourth quarter — driving the value of its total assets under management to more than $20 十亿.
The fund manager’s massive BTC purchases have long been rumored to exert a significant impact on Bitcoin’s price, with BTC gaining 20% within 48 hours of the Bitcoin Trust recommencing operations on January 13. 然而, since January 18, Bitcoin’s price fell from $35,000 至 $34,000 even while the firm was accumulating BTC.