Grayscale Transfers Over $360 Million in Bitcoin

According to PANews, recent on-chain data reveals that Grayscale has conducted significant Bitcoin (BTC) transfers involving multiple addresses. The total amount transferred exceeds $360 million, encompassing 4,457 BTC. The largest single transaction involved 694.019 BTC, valued at approximately $67.96 million. Other substantial transactions included 692.684 BTC ($67.83 million), 633.691 BTC ($62.05 million), 557.457 BTC ($54.59 million), and 549.336 BTC ($53.79 million). All funds have been moved to several new addresses, with their specific purpose yet to be determined.