The top-tier Bitcoin purchaser, Barry Silbert-related Grayscale, has bought another billion USD worth of BTC and other blockchain-based currencies.
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.
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.
Yuri MolchanThe 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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Tomiwabold Olajide
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