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Grayscale Adds $1 Billion in Bitcoin In Merely 24 Hours

Sat, 10/04/2021 - 12:12
Grayscale that offers its clients crypto exposure has purchased a large amount of crypto assets, worth $1 billion, and the acquisition took just one day
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Grayscale Adds $1 Billion in Bitcoin In Merely 24 Hours
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The top-tier Bitcoin purchaser, Barry Silbert-related Grayscale, has bought another billion USD worth of BTC and other blockchain-based currencies.

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As of Friday, the company stores a total of $46.1 billion versus $45.1 billion it held a day earlier, according to its Twitter handle.

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Earlier this week, U.Today reported that the company had purchased massive amounts of the currencies it had added to its holding recently – BAT, LINK, LPT, etc.

Grayscale has set up addition cryptocurrency trusts backed by these popular altcoins.

It has also bought large lumps of XLM, Litecoin and ETC.

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The big news that came from Grayscale this week is that the company intends to turn its Bitcoin-backed trust into an ETF based on Bitcoin.

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