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Grayscale Adds Over 5.5 Million XLM, As Well As MANA, FIL, LINK, BAT

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Fri, 04/02/2021 - 12:27
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Yuri Molchan
Grayscale expands its XLM holdings, purchasing more than 5.5 million coins over the past week; it has also added large lumps of other altcoins – MANA, FIL, BAT, etc
Grayscale Adds Over 5.5 Million XLM, As Well As MANA, FIL, LINK, BAT
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The largest Bitcoin buying fund, which also offers exposure to altcoinsincluding Ethereum and Stellarhas added 5,566,271 XLM and other altcoins, whose trusts have been launched recently.

In fiat, this amount constitutes $2,532,167.

Grayscale buys XLM, MANA, FIL, BAT, LINK

Analytics platform Bybt shows that, on March 31, Grayscale Investments fund affiliated with Barry Silbert, the Digital Currency Group founder, made large crypto purchases.

It bought 5,566,271 XLM; 7,290,372 MANA; 258,899 FIL; 1,396,356 BAT and 65,670 LINK. All these coins were added to the Grayscale list of assets recently, as reported by U.Today, and the related crypto trusts launched, enabling investors to access shares based on these coins.

As of April 1, the company holds a total of $46 billion worth of crypto. That includes $28 million worth of XLM, $38.5 billion in Bitcoin and $6.1 billion in Ethereum.

In one day, Grayscale purchased $0.4 billion worth of crypto.

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Image via Bybt

Related
Bitcoin Hits $60,000, Ethereum Reaches $2,000 on the Same Day

Bitcoin, Ethereum soar on the same daytoday

As was covered by U.Today earlier, the two largest cryptocurrencies, Bitcoin and Ethereum, spiked earlier today.

Bitcoin revisited the $60,000 level and rolled back to $59,980. Ethereum managed to rise above the $2,000 price mark, inching closer to beating its own record: the $2,036 all-time high reached on Feb. 20.

On April 1, CNBC reported that billionaire Mark Cuban, a crypto hater in the past who preferred bananas to Bitcoin, is now a savvy crypto holder.

Sixty percent of his portfolio is converted into Bitcoin, 30 percent into Ethereum and 10 percent into other altcoins.

Cuban stated that he holds a lot of Ethereum because it is "the closest to a true currency."

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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.