Grayscale Buying Bitcoins 54% Faster than Mining in 2021

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The Grayscale digital asset manager is on a massive Bitcoin buying spree in the last 16-days. They have snapped up over 40,000 BTCs in the last half-a-month (since January 13, 2012, to be precise).

The crypto analytics company Glassnode’s CTO, Rafael Schultze-Kraft, has noted this tremendous accumulation by Grayscale. He also noted that till the beginning of 2021, 26,000 Bitcoins have been mined. This makes the accumulation of Bitcoin by Grayscale 56% faster than the new BTC supply in 2021 till now.

https://medium.com/daily-highlights-crypto-analysis-news/grayscale-buying-bitcoins-54-faster-than-mining-in-2021-f29ff72019e8

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