The number of Grayscale GBTC circulating shares fell below 500 million copies

According to official data from Grayscale, as of February 23rd local time, GBTC holds 445,386.8454 BTC, a decrease of 1089.5189 BTC from the previous trading day. In addition, GBTC's asset management scale (non-GAAP) is $22,759,668,648.77, and the number of circulating shares has dropped to 498,930,100, marking the first time the number of circulating shares has fallen below 500 million since GBTC was approved to convert to a spot Bitcoin ETF.