I guess not much of news unless you realise there's only about 900 Bitcoins getting mined each day since May 2020 and Grayscale is buying quite big since the beginning of the year.
Current info at their website:
Shares Outstanding 419,091,700‡
Bitcoin per Share0.00095775‡
= 401,385.075675 Bitcoins owned by Grayscale
3 days ago
Shares Outstanding 412,808,000‡
Bitcoin per Share0.00095786‡
= 395,412.27088 Bitcoins owned by Grayscale
https://grayscale.co/bitcoin-trust/
Here's how it works:
Accredited and institutional investors send Grayscale a bunch of money and Grayscale uses that money to buy bitcoin and then proceeds to issue new shares of it. Those investors get in at a 0% premium but then are restricted from selling their new shares for 12 months. They simply have to HODL for a year at least.
Get your coin before they'll push the price way to high!
Nice video I recently came across where Tim Draper Explains Why Bitcoin Is Better Than National Currencies:
If you don't know who Tim Draper is - https://en.wikipedia.org/wiki/Tim_Draper
Thank you guys for reading, liking, following, and tipping. Extremely appreciated! ??
