Crypto Patel

Grayscale Makes $21.6 #Billion Profit Flipping Bitcoins - And They Still Own Millions

Grayscale Bitcoin Purchase Facts

➡️ Between 2013-2016, Grayscale bought 1,72,095 BTC at an average price of $551

➡️ Between 2017-2021, they bought 4,82,505 BTC at an average price of $19,931

After March 2021, Grayscale has not purchased any additional BTC

➡️ Grayscale's overall average $BTC purchase price is $14,836 for 6,54,600 BTC

➡️ Their total BTC investment amounted to $9.7 billion

As of now, Grayscale has sold 2,09,252 BTC at an average price of $41,043 (worth $8.6 billion)

➡️ #Grayscale currently holds 4,45,387 BTC worth $22.7 billion

➡️ Total profit Grayscale has made from BTC = $21.6 billion

➡️ Grayscale has already sold 95% of its initial investment.

➡️ They are now holding mostly pure profit.