Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings

Arkham Intelligence, a starring crypto analytics firm, unveiled connected Wednesday its findings connected Grayscale’s Bitcoin Trust onchain holdings. This revelation comes conscionable six days aft Arkham shed airy connected the money manager’s onchain ethereum assets.

Unmasking Grayscale’s Bitcoin Trust: Arkham Intelligence Exposes $16 Billion Onchain Bitcoin Assets

The crypto analytics startup, Arkham Intelligence, has pinpointed and tagged Grayscale’s bitcoin reserves. In a post connected X (previously known arsenic Twitter), Arkham highlighted a Grayscale X post, which was shared successful the aftermath of FTX’s downfall and the rising trend of proof-of-reserve audits. Grayscale had assured that Coinbase securely held its BTC, yet the onchain addresses remained undisclosed.

On Wednesday, Arkham elaborated that Grayscale stands arsenic the second-largest BTC holder, boasting implicit $16 cardinal successful bitcoin. Arkham noted that Grayscale’s “Bitcoin Trust holdings are dispersed crossed [more than] 1,750 antithetic addresses, with each holding nary much than 1,000 BTC.” The steadfast besides provided a link for enthusiasts to research Grayscale’s immense bitcoin and different crypto assets connected Arkham’s platform.

The provided nexus displays Grayscale’s awesome $16 cardinal successful BTC, complemented by astir $5 cardinal successful ethereum (ETH). Additionally, Grayscale possesses $1.86 cardinal successful chainlink (LINK), 1.74 cardinal successful polygon (MATIC), and a tiny assortment of different altcoin assets. In total, Grayscale’s assets surpass $20.9 cardinal utilizing existent crypto marketplace speech rates, with BTC and ETH forming the bulk of its holdings.

Yet, Arkham isn’t the pioneer successful aggregating Grayscale’s bitcoin (BTC) assets. An OXT researcher, known arsenic “Ergo,” antecedently showcased Grayscale’s Bitcoin Trust postulation successful an X thread. Ergo’s onchain investigation emerged aft Grayscale’s reserve declarations station the FTX debacle. Ergo besides traced funds linked to Coinbase Custody, identifying implicit 600,000 BTC arsenic Grayscale’s property. As of now, Arkham’s records amusement Grayscale’s equilibrium stands astatine astir 627,779 BTC.

What bash you deliberation astir Arkham revealing Grayscale’s Bitcoin Trust holdings onchain? Share your thoughts and opinions astir this taxable successful the comments conception below.