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Grayscale Acquires More MANA, LPT, LINK, FIL

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Sat, 05/08/2021 - 09:02
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Yuri Molchan
Major cryptocurrency fund Grayscale has added large amount of MANA and smaller ones of LPT, LINK and FIL altcoins, enlarging its crypto holdings
Grayscale Acquires More MANA, LPT, LINK, FIL
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Grayscale Investments, subsidiary of Barry Silbert’s Digital Currency Group (DCG), has added more MANA, LPT, LINK and FIL coins, according to the recent data.

Grayscale buys more altcoins for its trusts

Large cryptocurrency fund Grayscale has bought more altcoins to add to its recently launched crypto trusts – MANA, LPT, FIL and LINK.

The purchases have been made in the past twenty-four hours, according to the data from the analytics platform Bybt.

The biggest amount of crypto it has purchased is that of MANA – 16,710 tokens.

The table on the website shows that Grayscale has been buying more of these cryptocurrencies in the past week and past thirty days overall.

The total amount of crypto assets under management of Grayscale is now worth $51.41 billion, as per Bybt.

Earlier this week, LINK soared to a new all-time high, exceeded the $50 mark.

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Image via Bybt

Related
Digital Currency Group Purchased $81.3 Million Worth of GBTC Shares in Q1

Digital Currency Group keeps purchasing GBTC

As covered by U.Today earlier, the parent company of Grayscale, DCG run by Barry Silbert, continues to follow its plan of repurchasing Grayscale’s GBTC shares.

According to the recent report, DCG bought 1,695,217 shares in March as part of its $250 million repurchase programme.

However, Bitcoin Trust’s GBTC keeps trading at a discount. At the time of writing, it is equal to -12.62 percent.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.