Bitcoin

Arkham

Grayscale Bitcoin Trust

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 The blockchain analytics firm claims Grayscale is the world's second-largest BTC entity. 
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 Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claimed that Grayscale is “the 2nd largest BTC entity globally.” 
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 Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain. It is the 2nd largest BTC entity globally, holding &gt;$16B of BTC. Though Grayscale publicly reports balances, they have refused to identify the on-chain <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> of the trust. https://t.co/uEN4kNldpm pic.twitter.com/p9GfrthoKR— Arkham (@ArkhamIntel) September 6, 2023 
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 The Grayscale Bitcoin Trust holds over $16 billion in BTC. Its issuer, Grayscale, is currently battling with the U.S. Securities and Exchange Commission (SEC) as it attempts to transform&nbsp;the trust into an exchange-traded fund (ETF). 
 Members of the Bitcoin community have long speculated about where Grayscale keeps its huge stockpile of BTC. Grayscale has so far refused to provide the <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> of its <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s, citing “security concerns.” Some Twitter users have criticized Grayscale for not releasing the <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a>, accusing them of carrying less Bitcoin than they claim. 
 A search for “Grayscale Bitcoin Trust” within Arkham on Sept. 9 revealed the following five <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a>: 
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 <li>16vd2YfcGK9mw3GZXzL5o23m7gdBGXKHNz</li> 
 <li>1GRGfd3TtBA2vMjoHH3hVpE6CRx5nZ1YJp</li> 
 <li>15gioFeKnUjerTQ9LYNreW3Bt9kn9xrTU4</li> 
 <li>1DtdMtJL2zggkoFPDbEbM2Ja1EYH8LeH9B</li> 
 <li>1CU9gusmCCfCjsmGatxbzvXLqoisgnaV9n</li> 
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 The first three <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> hold roughly $51 million worth of Bitcoin in total, according to Arkham. The last two hold no funds but do show transactions coming from other Grayscale Bitcoin Trust <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a>, including 1L8k2SD9sdTTzdDxA19QdobLbUyKyV2RVi and 1CS1M4oVbcFnZjZ5hU5bk6vLi2Q5VSsmpX. Arkham does not provide a full list of <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> for the Grayscale entity, but it does label each Grayscale <a rel="noopener noreferrer nofollow" title="address" href="https://thebittimes.com/tag/address.html">address</a> clearly as part of the transaction history of each <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>. 
 Related: Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation 
 Grayscale’s entity page on Arkham shows it is carrying 627,779,000 BTC valued at over $16 billion. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/07/39a73f75dfde8634c9abe8a589af7dcc.webp"> 
 <figcaption style="text-align: center;"> Grayscale Bitcoin holdings. Source: Arkham. 
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 This is similar to the amount claimed on Grayscale’s website, implying that it does have enough Bitcoin to satisfy withdrawals.&nbsp; 
 Arkham has often come under criticism for revealing private information about blockchain users, as some Twitter users have labeled it a “snitch-to-earn” platform. However, the platform’s CEO has argued the company is only trying to even the playing field between big institutions and smaller players who would otherwise lack information. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-bitcoin-trust-s-alleged-wallet-addresses-released-by-arkham-tbt61814.html">https://thebittimes.com/grayscale-bitcoin-trust-s-alleged-wallet-addresses-released-by-arkham-tbt61814.html</a>

Grayscale Bitcoin Trust's alleged wallet addresses released by Arkham

TheBitTimes

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