Cryptocurrency-focused investment firm Grayscale moved more than $110 million worth of Bitcoin (BTC).
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 $119 million worth 2,430 BTC made the transfer.
Addresses to which Grayscale transfers 878 thousand BTC Approximately when registered as Coinbase Prime 1,551 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. Bitcoin, which recently managed to exceed 50 thousand dollars for the first time since December 2021, at the time of writing from $49.00 is being traded.