Grayscale's Bitcoin Trust rose $1.6B over 6 months

posted 5 months ago
The New York-based crypto investment firm said the dollar value of total assets in GBTC went from $1.87 billion at the end of 2019 to $3.5 billion by the end of Q2 2020 – an increase of 90%.

Per the SEC filing, the bitcoin held in GBTC increased by 125,531 to nearly 387,000 – a $1.15 billion increase in value based on bitcoin's spot price on June 30. The remaining increase came from the fact the bitcoin price moved from $7,200 on December 31 to nearly $9,200 by the end of Q2. GBTC's assets under management are now worth $4.7 billion.
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