Bitcoin (BTC) striking still some other all-fourth dimension high on Feb. 19 as the largest cryptocurrency set up its sights on becoming a trillion-dollar asset.

BTC/USD i-hour candle chart (Bitstamp). Source: TradingView

Another day, another Bitcoin record

Data from Cointelegraph Markets and Tradingview showed BTC/USD reaching $52,932 on Bitstamp at the time of writing later ascent % in an hour.

Belongings $l,000 support over the by two days, Bitcoin was primed for further gains in the short term, analysts believed, with one area in particular capturing hodlers' imagination.

At around $53,600, Bitcoin'south total market place cap will pass $1 trillion for the first time in history.

"It is simple. In the quondam earth your money loses value, considering governments debase currencies to fund their warfare & welfare state," quant analyst PlanB summarized on Fri.

"In the new earth #bitcoin increases in value, because math caps the monetary base of operations at 21M BTC. The new globe is eating the old world right now."

Grayscale adds another 1,672 BTC

Cryptocurrency investment giant Grayscale has added another $87 million to its Bitcoin Trust (GBTC), data confirms.

According to data from on-concatenation monitoring service Bybt, Feb. xix saw a 1,672 BTC top-up of Grayscale's flagship fund, which now contains a total of just over $34 billion.

Grayscale Bitcoin purchases. Source: Bybt

With the latest buys, Grayscale's full avails nether management (AUM) passed $40 billion for the first time. Second to Bitcoin is the business firm'southward Ethereum Trust, which contains near $6 billion of ETH.

"AUM has doubled since 1/1/2021," CEO Michael Sonnenshein confirmed on Twitter this calendar week.

Grayscale's Bitcoin purchases have cooled off in contempo weeks, failing to lucifer the size or frequency seen at the start of the year. At the same time, Ether purchases reappeared in February later a ii-month hiatus.

The moves come as the activeness among institutions shows no sign of abating more broadly. MicroStrategy, which already owns over seventy,000 BTC, confirmed this calendar week that it would enhance $900 million specifically to increase its holdings farther.

Comments from BlackRock, the world's largest asset manager with around $7 trillion AUM, too appeared to suggest that information technology was interested in interacting with Bitcoin in some capacity.

"It's really about recognizing the benefits of owning Bitcoin. In that location's certainly the diversification angle," Sonnenshein told CNN earlier this month.