In a related development, research published by cryptocurrency newsletter Diar shows that whale wallets were quietly accumulating BTC during the 2018 bear market. Grayscale could own 42% of the monthly bitcoin supply post-halving, if it continues to purchase the crypto at the same level as April, when it snapped up 11,000 BTC. The company has also been buying more than 10,000 BTC per month in order to keep its balance on hand. Grayscale's recent update revealed bitcoin made up 94% of the $2.1bn assets under management in its BTC Trust, doubling in less than two months.
Grayscale could own 42% of the monthly bitcoin supply post-halving, if it continues to purchase the crypto at the same level as April, when it snapped up 11,000 BTC. The company has also been buying more than 10,000 BTC per month in order to keep its balance on hand. Grayscale's recent update revealed bitcoin made up 94% of the $2.1bn assets under management in its BTC Trust, doubling in less than two months.