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Buying up Bitcoin
Grayscale buys way less #Bitcoin than many would think.
Factoring in "in-kind" purchases, Grayscale has only bought 31% of all new bitcoins mined since the halving, far less than the 150%+ many have reported.
This is just one of many misconceptions about Grayscale's trusts.
— Ryan Watkins (@RyanWatkins_) June 11, 2020