Grayscale’s Big Bet: Will $147M in Bitcoin, Ethereum Pay Off?
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Grayscale has recently transferred $147 million in Bitcoin and Ethereum, causing speculation in the cryptocurrency community about their intentions. Data from Arkham Intelligence indicates the company moved 1,062,933 Bitcoins, valued at $68.65 million, to two new addresses. Additionally, Grayscale transferred 24,908 Ethereum, raising further curiosity and debate on their strategy.
Whether this substantial movement will impact the crypto market significantly or is just routine business remains to be seen, but it has certainly caught everyone's attention.
Source : coinedition.com ↗
