Public companies hold almost $7B in Bitcoin in heads-up to Grayscale
Grayscale’s $5.1 billion in Bitcoin under management is fast being challenged by firms including CoinShares and MicroStrategy. Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale.According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin.Putting Grayscale’s “sun” in the shadeAsset management giant Grayscale remains the largest BTC player with 449,596 BTC ($5.14 billion) under its control, followed by CoinShares’ 69,730 BTC ($797 million).MicroStrategy, the firm....
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Public companies hold more than $3.6 billion worth of Bitcoin, technology research Kevin Rooke found. Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC.In 2019, public companies had merely 20,000 BTC on their books. This figure has increased to 105,837 BTC in 12 months. Rooke said:“Last year, public companies held fewer than 20,000 BTC on their balance sheets. Today, 19 public companies hold 105,837 BTC on their balance sheets, valued at....
Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.'”
Grayscale’s First ETF
Grayscale Investments, the world’s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance ETF (symbol: GFOF).
The company explained that its new ETF “seeks to invest in the companies and technologies shaping the....
TIME Magazine will be holding bitcoin on its balance sheet, the company’s president has confirmed. TIME is also partnering with Grayscale Investments to produce a video series on cryptocurrency and has agreed to be paid in bitcoin. TIME Magazine Will Hold Bitcoin on Balance Sheet TIME Magazine has partnered with Grayscale Investments to produce a crypto video series. The company will be paid in bitcoin and has committed to keeping the cryptocurrency on its balance sheet. Founded in 1923, TIME Magazine provides guides for current affairs, politics, business, health, science, and....
While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC....
Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed. According to the State of Delaware’s Division of Corporations, someone set up a Grayscale Chainlink Trust on December 18, 2020. On the same day, a Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also initiated. Before these communities get too excited,....