Arkham, who announced that he detected Grayscale wallets holding 3 billion Ether at the beginning of the month, and that the company is the second largest ETH owner institution in this sense, has now found wallets belonging to the Bitcoin fund. Stating that Grayscale Bitcoin Trust has detected 1750 wallets, the company stated that there are approximately 16 billion dollars of BTC in these addresses.
While there are less than 1000 Bitcoins in each wallet, it was informed that these numbers make Grayscale the second largest Bitcoin owner institution. Arkham’s work also shows that the Grayscale Bitcoin Fund has an additional $4.9 billion in Ether, $2 million in LINK and $1.8 million in MATIC.
As it is known, the Grayscale company allows individuals or institutions to invest in cryptocurrencies without receiving them directly through its funds. The company most recently made a name for itself with its legal victory against the SEC and wrote a letter to the institution the other day, stating that there is no longer any reason to reject Bitcoin spot ETFs.