Stock market information for Grayscale Investments LLC
Grayscale Investments LLC is a fund in the USA market.
The price is 82.83 USD currently with a change of -1.33 USD from the previous close.
The latest trade time is Monday, June 16, 17:15:21 +0530.
Grayscale Expands Bitcoin Holdings with $1.05 B Investment
Grayscale Investments has acquired an additional 10,100 BTC, spending approximately $1.05 billion at an average rate of $104,080 per coin, boosting its total holdings to 592,100 BTC, with an average acquisition price of roughly $70,666 per coin. This move aligns with the firm's year-to-date BTC return, which sits at 19.1 per cent.
ADVERTISEMENT
The company now holds Bitcoin valued at approximately $41.84 billion, underpinning its reputation as one of the world's largest institutional holders. Market watchers have noted that Grayscale's significant expansion at this price point reflects confidence in Bitcoin's current valuation and medium‑term outlook, even amidst broader cryptocurrency volatility.
This accumulation comes as institutional appetite for Bitcoin evolves. Grayscale, which transformed its Bitcoin Trust into a spot ETF via its GBTC product, continues to command a substantial fee structure—1.5 per cent—that supports yearly revenues exceeding $268 million, despite competitors offering cheaper options. The premium yield underscores its established presence and the loyalty of seasoned investors bound by legacy holds, tax considerations and brand trust.
Earlier this year, Grayscale launched the Bitcoin Mini Trust with a far lower fee of 0.15 per cent, explicitly targeting cost-sensitive investors. The mini‑trust currently holds around 43,572 BTC under management. Despite attracting inflows, its impact on Grayscale's total AUM remains modest relative to the flagship GBTC.
Analysts suggest that Grayscale's dual‑product strategy allows it to hedge against fee‑driven outflows while maintaining revenue through GBTC's premium fee structure. Its sizeable Bitcoin accumulation adds weight to this approach. As one strategist remarked, institutional investors often exhibit inertia from legacy holdings and taxable events, making high‑fee products persistent revenue generators.
This latest purchase follows Grayscale's broader pattern of capitalising on dips in Bitcoin price, reinforcing its average cost basis. With Bitcoin hovering near $105,000, this strategic buy expands holdings while keeping average cost significantly lower, positioning the firm favourably for market swings.
The acquisition also contrasts with broader market behaviour. Other institutions, particularly newer spot ETFs like those from BlackRock and Fidelity, have recorded substantial inflows thanks to much lower fees—commonly around 0.25 per cent—but display less aggressive accumulation strategies. Their collective AUM exceeds $100 billion, yet individually their daily volume and yields trail Grayscale's monumental revenue draw.
Grayscale's current average buy price—$70,666—reveals a long‑term investment horizon and deep conviction in Bitcoin's trajectory. This cost average gives Grayscale a comfortable buffer versus price dips, which in turn sustains its willingness to deepen its position at current price levels. As volatility returns to crypto markets, Grayscale's scale and cost discipline may offer smoother entry and exit tactics.
Market responses to the latest move have been mixed. Proponents argue that institutional accumulation of this magnitude is bullish for sentiment and price stability. Critics caution that such centralised concentration exposes Grayscale to regulatory and enterprise risk.
Regulatory scrutiny remains a key consideration. As one of the first and largest Bitcoin spot ETPs in the US, Grayscale continues to navigate evolving SEC policies, compliance obligations and heightened operational transparency. Its ability to sustain growth depends on navigating these frameworks while differentiating GBTC and BTC in a crowded ETF market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
a day ago
- Khaleej Times
How Bitcoin is changing from a volatile gamble to foundation for wealth-building
The crypto markets have been a bit shaky lately, thanks to even more geopolitical uncertainty. But what I haven't seen before — and what's been filling me with a new sense of pride and wonder — is Bitcoin holding steady. Really steady. In my short time exploring this space, that kind of stability is unheard of. Of course, it could crash by the time this is published, which got me thinking about one of the most common fears people who don't understand Bitcoin still cling to: 'What if it goes to zero?' However, it's a fear I no longer have. Let's rewind. I like to look up older prices of Bitcoin in times of uncertainty. But the prices can't be too old, or I start feeling sorry for myself that it took me so long to start investing. (Imagine buying Bitcoin on February 21, 2014, when it bottomed at $111.60 after the Mt Gox crypto exchange went bankrupt.) Eighteen months ago, Bitcoin was around $42,000 — up dramatically from $25,000 in September 2023. All it takes is a quick glance at the charts to see how dramatically Bitcoin has outperformed other, more traditional investing avenues like the S&P or gold, since its inception in 2009. And lately, it's starting to feel — dare I say — much less volatile, too. For those of us paying attention, that's a big deal. Because what happens when the asset once criticised for its volatility is no longer volatile — just as everyone from Pakistan to the US company GameStop wants it? Michael Saylor, co-founder of MicroStrategy, now Strategy, which is one of the world's biggest Bitcoin holders, said it plainly in a Bloomberg interview this month: 'Winter is not coming back. We're past that phase. If Bitcoin's not going to zero, it's going to $1 million.' His confidence rests on the core principles of Bitcoin, which include scarcity, immutability and resistance to inflation, along with steadily growing demand. More nations are signalling openness to Bitcoin and companies across the globe are adding it to their balance sheets. I didn't really expect this kind of shift. Like many others, I was just curious and figured I'd just sell some to capitalise if the value went up. But starting in summer 2024, I noticed the smartest-seeming people in this space started announcing: they have no plans to sell their Bitcoin. Ever. (To quote Saylor's February post on X: 'Sell a kidney if you must; but keep the Bitcoin.') But how can you use it, I wondered? The answer to that question is becoming obvious. There's an entire financial ecosystem developing around Bitcoin — one where you can benefit from ownership, and its potential growth, without ever having to let go of it. That part takes some mental rewiring, too. You have to forget everything you think you know about finance. I won't pretend to grasp all the technical stuff, but there are a few practical ways people are using their Bitcoin — and they actually make a lot of sense. One is crypto-backed loans. You use your Bitcoin as collateral to get a loan in regular money (or stablecoins), so you can cover expenses or invest while still holding on to your BTC. When you pay back the loan with interest, your Bitcoin is returned to you. It's a simple idea, and platforms like Strike and Milo in the US are already offering these tools. The interest rates will seem very high, but given BTC's forecasted growth, this is no payday loan scheme. I recently heard John Vasquez, a trusted US crypto voice, talking about borrowing at 14 per cent to fund a cash-flow business. He expected to pay it off in 10 months — and felt confident doing it. Then there are people like Mark Moss, founder of Market Disruptors, who spoke at Bitcoin Mena in Abu Dhabi last year. He's built an entire five-year retirement strategy for mere mortals around Bitcoin loans. His theory? Accumulate Bitcoin, borrow against it as it grows and skip tax events by never selling — keeping the principal intact. Some are using these loans to buy real estate or invest in other assets. Others are covering their living costs while their Bitcoin (hopefully) continues to appreciate. Of course, if the market drops, there's always the risk of liquidation, which is scary. Another method that's catching on: earning passive income by depositing Bitcoin on reputable platforms, where it functions like an interest-bearing account. These platforms lend your BTC to institutional borrowers and pay you a portion of the interest. (Just like a bank would with regular money) Sounds good in theory — but it does mean leaving your crypto on an exchange, which many in the space advise against. I'm still figuring that one out. For those who want to ease in, there are crypto-linked debit and credit cards, which let you borrow against your Bitcoin and pay off the balance monthly — just like a regular credit card. I have my eye on that option, although I don't see it yet in the UAE. One product I can see myself using: the new Bitcoin Rewards Credit Card, launching in the US this autumn. It's a partnership between Coin base and American Express, offering four per cent back in Bitcoin on every purchase. Bitcoin as the new air miles? On that one, when I can get it, I'm all in. Bitcoin might still feel fringe or futuristic, but what's clear to me is this: the ecosystem is growing, the tools are evolving, and the more I learn, the more I want to know.
Arabian Post
2 days ago
- Arabian Post
Predatory Sparrow Claims Wipeout of $90 Million in Nobitex Hack
Hackers claiming affiliation with Predatory Sparrow, possibly linked to Israel, have executed a cyber‑strike against Nobitex, Iran's leading cryptocurrency exchange, erasing approximately $90 million worth of digital assets. The assault began in the early hours of 18 June 2025, when the group transferred diverse cryptocurrencies—including Bitcoin, Ethereum and Dogecoin—into vanishing crypto‑wallets designed without private keys, effectively 'burning' the funds to send a deliberate political message. Blockchain analytics firms, including Elliptic and TRM Labs, analysed the transactions and found the emptied addresses bore anti‑IRGC messages, confirming the operation was ideologically motivated rather than financially driven. Elliptic noted that the assets were moved into vanity addresses with embedded slogans denouncing the IRGC, and that the group leaking the funds would not retain the keys, ensuring permanent loss. Noble objective remains politically charged ADVERTISEMENT The group, using its Farsi‑named moniker Gonjeshke Darande—or 'Predatory Sparrow'—publicly accused Nobitex of facilitating Iran's sanctions evasion and funding militant groups, claiming the platform had enabled transactions for IRGC‑linked factions such as Hamas and Yemen's Houthis. Elliptic has traced past ties between Nobitex and IRGC‑affiliated actors, including sanctioned individuals like Amir Hossein Niakeen Ravari and Ahmad Khatibi Aghada. The hack comes amid heightened Israel‑Iran tensions. Reports indicate that Predatory Sparrow also targeted Iran's state‑owned Bank Sepah on 17 June, triggering widespread service disruption, including to ATMs and fuel stations. Analysts interpret these cyber‑operations as extensions of conventional military retaliations between the two nations. Nobitex disruptions raise alarm Nobitex admitted to unauthorised access affecting both its app and website, temporarily shutting services while conducting assessments. Public updates from the exchange have been sparse, and customer inquiries have reportedly gone unanswered. Plans to recover or rebuild lost assets remain unclear, raising concerns among its claimed user base of over 7 million. Despite accusations, Israel has not officially claimed responsibility. Media speculation within the country suggests government backing, but no formal confirmation has been issued. Predatory Sparrow, noted for previous impactful operations—from collapsing gas station networks in 2021 to prompting major fires at a steel mill in 2022—added this attack to its growing list of cyber engagements against Iranian infrastructure. Impact and implications for crypto ecosystem Cyber‑security analysts have labelled the hack 'particularly significant given the comparatively modest size of Iran's cryptocurrency market,' with Chainalysis intelligence chief Andrew Fierman underscoring the political overtones. The operation exemplifies how digital currencies and blockchain platforms are becoming tactical assets and vulnerabilities within geopolitical conflicts. U.S. legislators, including Senators Elizabeth Warren and Angus King, previously raised concerns over Nobitex's facilitation of sanctions avoidance, highlighting its role in enabling Iran's IRGC and related proxies to move financial resources. This attack may intensify scrutiny on crypto exchanges suspected of abetting questionable transactions in sanctioned jurisdictions. Decline of Iran's crypto defences Crypto adoption in Iran has long served as a hedge against economic instability, with citizens and state‑linked groups alike using digital currencies to escape inflationary pressures and circumvent banking restrictions. Nobitex, in particular, developed significant traction, drawing millions of users seeking alternative financial tools. However, analysts warn this sabotage could erode investor trust, disrupt public confidence in digital assets, and invite heightened regulatory oversight. Exchanges in politically sensitive regions may now face new security standards and sanctions compliance demands. A new frontier in cyber‑warfare This development underlines a shift where cyber‑warfare transcends state boundaries, now targeting third‑party financial networks with tangible consequences. By obliterating rather than stealing funds, Predatory Sparrow signalled that its operation aimed to disrupt Iran's crypto‑financing rather than profit from it. Officials tracking these patterns warn that similar tactics may emerge as cyber‑tools of statecraft evolve, affecting financial systems across volatile regions. Experts suggest exchanges handling high‑risk jurisdictions should shore up defences and improve transparency around asset provenance and network resilience. As Nobitex works to restore functionality, regulators, crypto stakeholders and intelligence services will closely examine the incident. The breach draws attention to the critical role of exchanges in global geopolitics, raising complex questions about neutrality, compliance and cybersecurity in an increasingly fraught digital economy.
Arabian Post
2 days ago
- Arabian Post
Bitcoin Solaris Set to Eclipse Polkadot's Growth Trajectory
Bitcoin Solaris is gaining rapid momentum, positioning itself as a potential outperformer of Polkadot's early expansion. Analysts and on‑chain metrics highlight growth indicators that not only replicate Polkadot's debut phase but in several cases significantly surpass it. Market observers attribute this shift to Solaris's mobile‑first mining approach, hybrid consensus architecture, and aggressive presale execution. Polkadot established its reputation through multi‑chain interoperability and shared security via parachains—a design emphasising developer adoption over mainstream user engagement. In contrast, Bitcoin Solaris is scaling through mass inclusivity. Its Solaris Nova app enables users to mine with everyday smartphones or PCs, eliminating the need for costly ASICs or complex infrastructure—barriers that still restrict Polkadot validator participation. This strategy has sparked an influx of retail interest, including among existing Polkadot investors turning to BTC‑S presale phases in search of higher short‑term returns. Solaris's roadmap reflects an ambition to execute where Polkadot encountered slowdowns. From launching testnet and mobile wallet in early 2026 to a full mainnet and exchange listings by late 2026, the timeline is concrete and time‑bound. In contrast, Polkadot's parachain roll‑out, while pioneering, has been criticised for complexity and slower-than-expected mainstream uptake. ADVERTISEMENT Technically, Solaris combines foundational Proof‑of‑Work for security with Delegated Proof‑of‑Stake for instant transactions and smart contracts. Its target throughput—10,000 to 100,000 TPS with finality in as little as two seconds—edges ahead of both Polkadot and competing layer‑1 networks. Validators rotate daily to enhance decentralisation, and its Helios security layer brings protocol-level safeguards comparable with Bitcoin's scarcity model and Solana's performance. Energy consumption is also a focal point. Solaris claims 99%+ savings in power usage compared with legacy mining operations. With escalating scrutiny of crypto's environmental impact, that low‑energy design resonates with both regulators and eco‑conscious investors. The presale narrative underscores urgency. Currently in mid‑phases, token pricing has ranged from US $2–8, with anticipated exchange‑launch pricing plateauing near US $20. This structure has already attracted over US $4–5 million in capital, and presale bonuses approach 12–14% per phase. Comparisons to Bitcoin's early growth phase are emerging. Financial analysts argue that Bitcoin Solaris's fixed supply, mobile mining model, and early‑stage presale echo crypto's 2013 dynamics. Even modest investments—US $1,000 today—are being framed as having potential to outperform multi‑thousand‑dollar Bitcoin buys over a similar timeframe. However, such enthusiasm is not without admonitions. As a relatively new protocol, Solaris remains in development, with adoption hinging upon mainstream acceptance of the Nova app, audit outcomes, smart contract integrity, and exchange listings. Polkadot's longevity and proven ecosystem via robust parachain deployment stand as a counterpoint—Solaris must demonstrate resilience under live load. The academic and developer communities have taken note of Polkadot's strengths—shared security via NPoS consensus, governance frameworks, and scholarly analysis of its sharding mechanisms. Yet critiques surrounding complexity, validator cost thresholds, and centralisation risks persist. By contrast, Solaris is proactively targeting those criticisms with user‑centric design, streamlined entry, and full audit transparency. Early data from presale participants suggests substantial uptake. West African and Southeast Asian communities—traditionally underrepresented in high‑end mining—are increasingly engaging through mobile mining accessibility. While precise regional figures are opaque, anecdotal evidence and community growth metrics from Solaris's Telegram and X channels point to significant global traction. Institutional interest remains unsubstantiated. Vertex Ventures and other blockchain‑focused funds have yet to announce allocations. Solaris's validation remains retail‑driven, though its governance plan includes institutional play in later roadmap phases. By contrast, Polkadot has cultivated grants via Web3 Foundation and tapped institutional bonds for parachain funding. As of now, the crypto community stands at a divergence point. One path reflects Polkadot's methodical but slower‑burn strategy, centred on developer utilisation and cross‑chain infrastructure. The other is a sprint toward inclusion, speed, and mobile participation via Bitcoin Solaris.
