🚨 Grayscale Investments has transferred 4434 bitcoins to Coinbase!!!
▪️ The company currently has 485,881 Bitcoins ($20.75 billion) in its balance.
🔻 Bitcoin transfer by Grayscale can have several effects:
1. Increased demand for Bitcoin: If Grayscale bought Bitcoin to meet investor demand, it could increase the demand for Bitcoin in the market.
2. Decreased supply of Bitcoin: If Grayscale moved Bitcoin to a more secure wallet, it could decrease the supply of Bitcoin in the market.
3. Lower Bitcoin Price: If Grayscale sold Bitcoin to finance its other activities or at the request of investors, it could increase selling pressure in the market and lower the price of Bitcoin.
