Grayscale adds 17,100 bitcoin to its reserves

Grayscale Investments has an increasingly voracious appetite for bitcoin.

The crypto fund manager has increased the assets under management in its Bitcoin Trust by more than $180 million – 17,100 bitcoins – over the past several days, Cointelegraph reports.

The company now has 449,900 total coins under management – worth roughly $4.9 billion with the crypto asset at $10,890. It has been closing above $10,000 every day for the last 63 days, according to data from information platform Bybt.

This effectively means Grayscale controls roughly 2.4% of total coin supply – currently at 18,502,381, according to CoinMarketCap – and shows no signs of stopping its buying spree.

The total supply of bitcoin is capped at 21 million, meaning there are roughly 2.5 million BTC left to be mined, or about 11.9% of the total Bitcoin to be generated. Even if the firm were to stop accumulating coins now, it would still have control of more than 2% of all bitcoin in circulation by the time the final block is mined.