Grayscale made another gigantic investment of 75,419 ETH (~ $ 30M), 5,191 BTC (~ $ 71M)

Grayscale made another gigantic investment of 75,419 ETH (~ $ 30M), 5,191 BTC (~ $ 71M)

A Leader in Digital Currency Investing is buying more and more cryptocurrencies into its funds.


3 Nov 2020 , 19:52 @ Thomas Alford

Grayscale made another gigantic investment of 75,419 ETH (~ $ 30M), 5,191 BTC (~ $ 71M)

A Leader in Digital Currency Investing is buying more and more cryptocurrencies into its funds.

Financial Analyst, Ian Dyer reported today that the largest crypto investment company made another large purchase yesterday. Recall that Grayscale is currently behind the largest investment in Bitcoin of 449,596, made on October 9th.

According to the information obtained, Grayscale was to buy a total of 75,419 ETH (~ $ 30M) yesterday, which according to calculations means 2.13% of the total supply.

However, the investment company did not just stay with ETH and last Friday it also bought Bitcoin, a total of 5,191 BTC (~ $ 71M). At present, Grayscale should own a total of 479k BTC, which means 2.6% of the total supply.

According to a recently published article, Grayscale has a total AUM of +$ 7.0 billion, and in its portfolio, in addition to BTC and ETH, it also has cryptocurrencies such as Ethereum Classic, Bitcoin Cash, Litecoin and even Zcash.

Read also: In 2020, Public companies purchased almost 600,000 BTC (+$ 6 billion)

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