Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million
Cointelegraph
Published May 24, 2020 01:49PM ET
Updated May 24, 2020 03:20PM ET
Grayscale Investments, a crypto investment fund manager and subsidiary of Barry Silbert’s Digital Currency Group, is estimated to have purchased up to one-third of all newly minted Bitcoin during the past three months amid the run-up to the block reward halving.
The announcement comes as average weekly investments into Grayscale’s Bitcoin Investment Trust, or BIT, reached $29.9 million over the first quarter of 2020.
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Written By: Cointelegraph
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