Grayscale Didn’t Surprise: Sent Hundreds of Millions of Dollars of Bitcoin to the Stock Exchange!

Cryptocurrency-focused investment firm Grayscale moved more than $130 million worth of Bitcoin.

Grayscale, one of the world’s largest digital asset managers, again joined Coinbase and anonymous wallets before the US stock markets opened. Bitcoin (BTC) carried it.

According to data from on-chain analytics platform Arkham Intelligence, Grayscale $137 million worth 2,871 BTC made the transfer.

Addresses to which Grayscale transfers 2,044 BTC Approximately when registered as Coinbase Prime 827 BTC The sent wallets appear to be anonymous. It is estimated that these wallets belong to Grayscale’s new storage address or Coinbase Prime.

After Grayscale’s Bitcoin fund GBTC received approval to become a spot Bitcoin ETF January 11 It started to be traded on stock exchanges. Grayscale has since moved its Bitcoins to Coinbase for the outflows in GBTC.

With the decrease in sales volume, transactions The pressure on Bitcoin has also eased. January 10 At the time of writing, Bitcoin managed to exceed 48 thousand dollars for the first time since its history. from $48,136 is being traded.

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