Advertisement
AD

Main navigation

Grayscale Adds $2.4 Billion Worth of Crypto in Three Days

Advertisement
Tue, 26/01/2021 - 12:40
Grayscale Adds $2.4 Billion Worth of Crypto in Three Days
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Advertisement

Barry Silbert's Grayscale Investments has increased the amount of its crypto holdings by purchasing an extra amount of over $2 billion in just three days, now holding $26.6 billion in its storage vaults.

Adding $2.4 billion makes $26.6 billion in total worth of crypto

According to a tweet published by Grayscale on Jan. 25, the company added $2.6 billion in crypto to its cryptocurrency holdings, going from $24.2 billion (on Jan. 22) to $26.6 billion in a record three days.

Article image
Image via Twitter

The amount of the flagship cryptocurrency, Bitcoin, held by the largest crypto hedge fund, a subsidiary of Barry Silbert's Digital Currency Group, has now surged to $21.7 billionthe largest share of crypto held by the company, compared to other digital assets.

Grayscale is also in the news because the GBTC premium has dropped to one percent as Bitcoin slumped from the $34,600 zone to the current $31,685 level (data provided by Skew analytics agency).

Grayscale premium is the difference between the market price of an asset and NAV (the net asset value).

Advertisement

Related

Grayscale donates $1 million to CoinCenter non-profit

On Jan. 25, Grayscale CEO Michael Sonnenshein published a tweet in which he wrote that Grayscale Investments had donated a gargantuan amount of $1,000,000 to CoinCenter, a major crypto advocacy non-profit organization.

Apart from that, Grayscale donated one million USD to the "Join the match" campaign. As part of it, the hedge fund will double every donation from an individual or entity made in the next month.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD