GBTC Buys More MicroSategy BTC Amid Net Outflows of 147,792 BTC After ETF Conversion
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According to official Grayscale data, GBTC's bitcoin holdings were 472,345 BTC as of May 6 (local time). This is a decrease of 2,526 BTC from the previous day (May 5th). The market value of these holdings is $203.45 billion. GBTC has seen a net outflow of 147,792 BTC (worth $61.49 billion) since January 11, according to BitMEX research. Meanwhile, MicroStrategy announced the purchase of an additional 850 BTC valued at $37.2 million.
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