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'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day

Published 01/19/2021, 04:00 AM
Updated 01/19/2021, 05:40 AM
'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day

Asset manager Grayscale added 18 times more Bitcoin (BTC) than miners added to the supply in just one day on Jan. 18.

As various data sources confirm, Grayscale, which remains the biggest institutional buyer in the Bitcoin space, purchased a total of 16,244 BTC ($607 million) on Monday.

Grayscale daily Bitcoin additions chart. Source: GBTC Bitcoin Tracker/ Twitter
Grayscale Bitcoin holdings vs. BTC/USD chart. Source: CryptoQuant

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