Popular investment firm Grayscale’s Bitcoin (BTC) balance has fallen since February, according to data provided by the Bybt analytics platform. However, this decline is extremely small despite corrections and exits.
The Bybt chart shows that since February 18, Grayscale’s BTC holdings have dropped from 655.44K BTC to 652.27K.
However, it should be noted that there have been big exits, as the leading cryptocurrency has almost halved from the $ 65,000 level in April. Bitcoin is trading at $ 35,535 at the time of writing.Grayscale’s GBTC is currently trading at more than 11 percent discount. This situation has been valid for some time.
Grayscale has had two periods recently where it has made large Bitcoin purchases. The company received 142.07K Bitcoin in the first one. Then, 38.89K Bitcoin purchases took place in January.