“The Grayscale team raked in over $115 million in bitcoin alone yesterday”, informs Managing Director

“The Grayscale team raked in over $115 million in bitcoin alone yesterday”, informs Managing Director

Bitcoin continues to grow and the Grayscale, a leader in digital currency investing, has a reason to rejoice.


13 Nov 2020 , 20:02 @ Matey Salt

“The Grayscale team raked in over $115 million in bitcoin alone yesterday”, informs Managing Director

Bitcoin continues to grow and the Grayscale, a leader in digital currency investing, has a reason to rejoice.

Grayscale, as the largest crypto investment company, has bet almost everything on Bitcoin this year, and this strategy seems to have been the best they could have done.

Enthusiasm for the growing Bitcoin fund is not hidden by the Managing Director and he writes on twitter:

As you know, just yesterday Bitcoin surpassed $ 16K and is still growing. The price of Bitcoin is gaining more and more value, so it is probable that earlier investors  have a smile on their faces already. 

As for Grayscale, we informed you only recently, that the company has reinvested in cryptocurrencies again and now owns a total of 479k BTC’s, which means 2.6% of the total supply.

According to a recently published informations, 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.

Finally, let us remember other companies that also have a sufficient arsenal of the most popular cryptocurrency, such as CoinShares with 70K BTC’s or Microstrategy with almost 40K BTC’s.

Read also: China Construction Bank will sell you its $ 3 billion bonds for Bitcoin

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