Grayscale has added 17,100 bitcoin to its reserves over the past days

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Grayscale Investments has an increasingly interest in bitcoin and adds 17,100 bitcoin to its reserves.
The crypto fund manager has increased the assets under management in its Bitcoin Trust by more than $180 million or 17,100 bitcoins, over the past several days,  according to Cointelegraph.
The company now owns 449,900 total coins under management – worth about $4.9 billion with the crypto asset at $10,890. It has been closing above $10,000 every day for the last two months, according to data from information platform Bybt.
In other words Grayscale controls about 2.4% of total coin supply – currently at 18,502,381, according to CoinMarketCap – and it seems this process is going to last.
The total supply of bitcoin is capped at 21 million, so there are roughly 2.5 million BTC left to be mined, or about 11.9% of the total Bitcoin to be generated. Even if the company were to stop buying bitcoins, it would still be in charge of more than 2% of all bitcoin in circulation by the time the last block is mined.
Grayscale is not the only firm that is fond of leading cryptocurrency. Business intelligence company MicroStrategy has swapped more than $400 million of spare capital from fiat to bitcoin. The company has reportedly accumulated 38,250 BTC since its first crypto purchase in August; less than a tenth that of Grayscale.
Barry Silbert, CEO of Grayscale, announced in a September 15 tweet that the two companies were in a “buying race” for bitcoin:  “Apparently there is some kind of bitcoin buying race between MicroStrategy and @Grayscale. Game on.
However, token owners mustn’t worry about Grayscale acquiring coins faster than they can be mined. The majority of the investment firm’s crypto purchases came from bitcoin which is already in circulation. The firm refers to them as “in kind” exchanges.
Grayscale reported $5.8 billion in assets under management as of September 25, with crypto trusts such as Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC).

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