Reddit users: Institutional investors purchased 26,000 BTC through GBTC in recent months and locked it for one year

According to, a Reddit user published an article stating that at the end of 2019, institutional investors purchased approximately 26,000 Bitcoins through the Grayscale Bitcoin Trust (GBTC) and locked them in for a year. This means: 1) 26,000 bitcoins will not be put on the market soon; 2) there may be more bitcoins purchased by institutions through other investment funds, and these funds may also be locked to prevent premature selling.