Institutional Investors • December 7, 2018, 4:52AM EST
Published 1 hour earlier on
UPDATED: December 7, 2018, 3:53AM EST

Grayscale holds over 1% of Bitcoin's circulating supply

Read the non-AMP story on Theblock.co
The Block

Grayscale, the largest cryptocurrency institutional investment firm, now holds over 203,000 BTC in its Bitcoin Investment Trust (GBTC), which represents 1.17% of circulating supply. The GBTC's Assets under Management (AuM) are now $826 million, which marks December the first month the AuM dropped below $1 billion in 2018. (Source: Diar)