Singapore-based investment firm Three Arrows Capital has disclosed a $1.2bn position in the Grayscale bitcoin trust. This was reported by The Block, citing documentation for the US Securities and Exchange Commission (SEC).
According to the latest documentation, Three Arrows Capital’s position is $1.24bn, equivalent to 36,969 BTC or 6.1% of the Grayscale Bitcoin Trust (GBTC). „We love working with the Grayscale team and look forward to investing even more in the cryptocurrency ecosystem,“ said Three Arrows Capital co-founder Kyle Davies.
According to Three Arrows, it is the largest position in Grayscale’s bitcoin trust. According to The Block, Grayscale owns 607,000 BTC.