Bitcoin

Arkham

Gary

Grayscale Bitcoin Trust

<p><strong>Arkham Intelligence revealed that Grayscale has over 1750 unique addresses each holding around 1000 BTC.</strong></p> 
<h2 style="text-align: center;" id="introduction">Introduction</h2> 
<p>Arkham Intelligence has <a href="https://watcher.guru/news/1750-wallets-tied-to-grayscale-bitcoin-trust-hold-1000-btc-each" target="_blank" rel="noopener noreferrer nofollow">unveiled crucial information</a> about Grayscale Bitcoin Trust’s holdings. While Grayscale discloses its balances, they’ve never shared details about trust addresses for security reasons. This trust is the world’s second-largest Bitcoin entity, with over $16 billion in BTC.</p> 
<h2 style="text-align: center;" id="grayscale-bitcoin-trust-s-wallets">Grayscale Bitcoin Trust’s Wallets</h2> 
<p>Arkham Intelligence has identified more than 1750 unique addresses associated with Grayscale Bitcoin Trust. Each of these addresses holds a maximum of 1000 BTC.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.</p> 
 <p>It is the 2nd largest BTC entity globally, holding &gt;$16B of BTC.</p> 
 <p>Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust. <a href="https://t.co/uEN4kNldpm" rel="noopener noreferrer nofollow">https://t.co/uEN4kNldpm</a> <a href="https://t.co/p9GfrthoKR" rel="noopener noreferrer nofollow">pic.twitter.com/p9GfrthoKR</a></p> 
 <p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1699461141066359180?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2023</a></p> 
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="diverse-portfolio">Diverse Portfolio</h2> 
<p>Grayscale’s portfolio extends beyond Bitcoin. Ethereum ranks as the second-largest holding, valued at $4.93 billion. Following Ethereum, they hold Chainlink, MATIC, and Uniswap, with values of $1.85 million, $1.77 million, and $1.17 million, respectively. Grayscale also possesses tokens like BAT, MKR, AAVE, and SNX.</p> 
<h2 style="text-align: center;" id="legal-battles-and-etf-conversion">Legal Battles and ETF Conversion</h2> 
<p>Recently, Grayscale <a href="https://walletinvestor.com/magazine/grayscale-urges-sec-to-greenlight-spot-bitcoin-etf" target="_blank" rel="noopener noreferrer nofollow">won a lawsuit</a>, arguing that the SEC lacks valid reasons to oppose converting its Bitcoin Trust into an ETF. They assert that treating the Trust differently from ETPs investing in Bitcoin futures is unfounded. Grayscale is vigorously pushing for an immediate conversion to a spot ETF. Critics are targeting SEC Chair Gary Gensler, claiming he has ignored his responsibilities and is building a biased regulatory framework.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">📢 Grayscale pushes for a Bitcoin ETF! 🚀 Following a recent court win, Grayscale advocates swift approval for a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF. Get the full scoop: 👇<a href="https://twitter.com/hashtag/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinETF</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Grayscale</a><a href="https://t.co/oE1kDHBCmJ" rel="noopener noreferrer nofollow">https://t.co/oE1kDHBCmJ</a></p> 
 <p>— BSC News (@BSCNews) <a href="https://twitter.com/BSCNews/status/1699611012184383797?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 7, 2023</a></p> 
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="sec-under-scrutiny">SEC Under Scrutiny</h2> 
<p>The SEC is facing criticism from various quarters. Ryan Selkis, Messari founder, has accused Gary Gensler of creating a biased regulatory system. Scott Melker, known as the Wolf of All Streets in the crypto community, has also voiced concerns, stating that the SEC is under intense scrutiny.</p> 
<h2 style="text-align: center;" id="narrowing-discount">Narrowing Discount</h2> 
<p>Grayscale Bitcoin Trust has experienced a significant reduction in its discount. In late 2022, the discount was as wide as 50%. However, this gap has substantially diminished. At present, GBTC shares are trading at a 20% discount relative to their Net Asset Value (NAV).</p> 
<h2 style="text-align: center;" id="summary">Summary</h2> 
<p>Arkham Intelligence’s revelations about Grayscale Bitcoin Trust’s wallets shed light on its extensive holdings and distribution across multiple addresses. Grayscale’s legal battles and pursuit of ETF conversion have sparked industry-wide debates, with the SEC’s regulatory approach drawing criticism. Despite a narrowing discount, the trust remains a significant player in the Bitcoin market.</p>

Grayscale Bitcoin Trust Wallets Revealed

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