Whale Fund Owns 1% of BTC Supply!
A very interesting article came out recently, showing that an institutional investor (Grayscale) currently owns 1% of BTC supply. Additionally, other institutional investors are paying a 22% premium on Grayscale share price as compared to its BTC holdings. This shows that a lot of institutional investors really want to enter the BTC market, but find it difficult. Hence, they overpay for Grayscale shares.
https://bitcoinist.com/grayscale-quietly-buying-bitcoin-eth/
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