The blockchain analytical firm Arkham Intelligence has Grayscale’s Bitcoin Trust as the second largest holder of Bitcoin (BTC), distributed among over 1700 addresses.
The revelation comes despite Grayscale’s attempts to keep the trust’s on-chain addresses under wraps.
Grayscale Bitcoin Trust Second-Largest BTC Holder
Arkham Intelligence made the disclosure on X (formerly Twitter) in a post on the 6th of September. The firm revealed that the Grayscale Bitcoin Trust is the second largest BTC entity in the world, with the fund containing more than $16 billion of the world’s largest and most popular cryptocurrency. This checks out with Grayscale’s website, which states that the total assets under the firm’s Bitcoin trust are over $16 billion.
“Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain. It is the 2nd largest BTC entity globally, holding >$16B of BTC. Though Grayscale publicly reports balances, they have refused to identify the
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