Large investors continue to accumulate BTCs, as evidenced by the latest report from digital asset management company Grayscale.
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Last Friday, this giant published data, from which it follows that the total amount of funds in the cryptocurrency under its control has reached $ 16.3 billion.
Analyst Kevin Rook tweeted that Grayscale continued to buy bitcoins even amid the recent consolidation of the crypto market.
He noted that the company's bitcoin trust acquired 12,319 coins in just one day. That is more than in the entire last week when Grayscale invested in the acquisition of 11,512 BTC.
Trending: Dogecoin/Bitcoin correlation index falls since October 2020
The activation of large investors indicates that they are set for long-term growth in the value of the largest digital currency. At the moment, Bitcoin and Ethereum Grayscale trusts have accumulated digital assets of $ 14.075 billion and $ 1.808 billion, respectively.
Bitcoin Major Players Declaring
Recently it became known that the company is preparing to suspend the acceptance of funds in several cryptocurrency trusts. However, most observers are confident that this will be a temporary measure.
Bitcoin Major Players Cheat
Earlier, TradeBlock analyst John Todaro stated that most institutional investors purchase bitcoins on OTC platforms. Thus, they enter the crypto market in order not to exacerbate their volatility.
