Arkham Intelligence: Grayscale Bitcoin Trust Emerges as World's Second-Largest Bitcoin Holder with $16 Billion

Grayscale Bitcoin Trust (GBTC) holds over $16 billion in Bitcoin across 1,750 different addresses, making it the world's second-largest Bitcoin holder, according to blockchain analytics firm Arkham Intelligence. Grayscale's decision not to disclose these addresses for security reasons has raised some concerns. However, recent legal developments in which the U.S. Court of Appeals instructed the SEC to review GBTC's application to become an ETF have led to increased interest in Grayscale's assets. In total, Grayscale holds over $21 billion in digital assets, including Ethereum, Chainlink, and Polygon. These findings validate Grayscale's claims regarding its holdings.

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