Arkham Intelligence made the disclosure on X (formerly Twitter) in a post on the 6th of September. The firm revealed that the Grayscale Bitcoin Trust is the second largest BTC entity in the world, with the fund containing more than $16 billion of the world’s largest and most popular cryptocurrency. Although Grayscale publicly declares all balances, it has never identified the trust’s on-chain addresses. Arkham also revealed that the Bitcoin is distributed among over 1750 different addresses. Each of these addresses holds about 1000 BTC or less. Last year, Grayscale faced considerable speculation and scrutiny about its Bitcoin balance following the collapse of the FTX exchange.
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