As of December 6th, 2017, GBTC owns approximately 173,013 bitcoins.
This number was calculated using the following formula:
((Total Shares Outstanding – Treasury Shares) * Price per Share) / Bitcoin Price
Total Shares Outstanding is the number of shares of GBTC that are currently available for trading.
Treasury Shares are the number of shares of GBTC that are held by the company and are not available for trading.
Price per Share is the most recent price of a share of GBTC.
Bitcoin Price is the most recent price of a bitcoin. .
GBTC is a trust that was created by Grayscale Investments. The trust holds bitcoins on behalf of investors and allows investors to buy and sell shares of the trust.
The trust is one of the largest holders of bitcoins, and as such, its ownership stake provides some insight into how much bitcoin is held by institutions.