Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust

Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust


After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to the Grayscale Bitcoin Trust (GBTC).

OXT Researcher Verifies Grayscale’s Bitcoin Holdings

Five days ago, Bitcoin.com News reported on Grayscale disclosing information tied to the safety and security of the company’s digital assets. Grayscale’s statements were meant to assure the public that the company’s cryptocurrencies are “safe and secure” after the FTX collapse.

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The digital asset fund manager detailed that all of the company’s digital assets are stored with Coinbase Custody

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