After halving, Grayscale fund has bought 1.5 times more BTC that there were mined

Grayscale Investments, an investment company, almost doubled Bitcoin purchases after the halving on May 11. Earlier, the fund acquired an average of 607 BTC per day, and after the event, increased volumes to 1,112 BTC.

Analyst Kevin Rook pointed out that the company, after the halving, bought 50% more bitcoins than there were mined.

“Grayscale's Bitcoin Trust bought 18,910 Bitcoins since the halving.

Only 12,337 Bitcoins have been mined since the halving.

Wall Street wants Bitcoin, and they don't care what Goldman Sachs has to say,” Rook wrote on Twitter.

Earlier, Grayscale Investments noted that the amount of funds under the company's management reached $3.8 billion, out of which $3.3 billion are in bitcoin fund.