Experts from analytics platform Arkham Intelligence linked more than 1,750 addresses to Grayscale Investments’ Bitcoin Trust. In total they hold 627,779 BTC (~$16.15 billion).
By this metric, the Grayscale Trust is the second-largest holder of digital gold.
Each wallet contains fewer than 1,000 BTC (~$25.7 million).
Earlier, researchers identified more than 500 Ethereum addresses connected to the Grayscale Trust, holding 2.987 million ETH (~$4.91 billion). As with GBTC, the trust is the second-largest holder of the asset.
Earlier, in August, experts linked Robinhood to the third-largest Bitcoin address.