In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too.

I had made a similar thread 100 days ago.The following is a simple table showing the number of bitcoins in the GBTC as seen on its page here on the given days.DateNumber of btc in GBTC31 Dec 2017170,00031 Dec 2018204,39026 July 2019239,51326 Oct 20192577987 Feb 2020283,19227 Apr 20203128861 May 202032326217 May 2020 (100 days ago)3439543 July 202038665827 Aug 2020 (latest today)422308Number of bitcoins acquired in last ~100 days: 422308 - 343954= 78354The rate of acquiring bitcoin in gbtc had accelerated after the start of April 2020, as you can see above in the table. At the rate of about 800 bitcoins per day that GBTC has bought every day for last 100 days, the GBTC is buying Bitcoins equal to about 85% ( 783/900) of all supply of newly minted Bitcoin.And GBTC is just one of the many ETF's that people who don't want to fiddle with private keys etc, can use to acquire Bitcoin, albeit the largest one.In this period, the MNC Microstrategy has bought a further 22k Bitcoin.

Submitted August 29, 2020 at 04:09PM