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Coinbase Reveals Grayscale Digital Asset Holdings

Grayscale Bitcoin Trust Premium has fallen to a new all-time low of 40%, its custodian partner Coinbase published a report outlining the assets held on the trust’s behalf.

According to the letter, holdings are kept apart from other funds. On-chain addresses, however, were not disclosed in the document.

Source: Grayscale

As of the time of publication, the trust’s Bitcoin was worth almost $10 billion. In addition, the company owns 3,056,833 ETH through the Grayscale Ethereum Trust. Additionally, the Grayscale Digital Large Cap Fund, which seems to be separate from the primary trust, holds lesser quantities of both BTC and ETH.

According to the statistics table, the amount of Bitcoin that the company holds is 635,235 BTC.

As Coincu reported, Grayscale recently refused to release proof of reserves. The business justified its choice not to publish on-chain addresses by citing security concerns.

As required by law, the company does provide links to SEC filings on its website for off-chain confirmation. In order to emphasize that each product is separated from the main fund, it also confirmed that each trust is registered as a different legal company.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.