Crypto asset manager Grayscale has bought an additional 14,591 Bitcoin (around $266 million currently) and 105,000 Ethereum ($58,5 million) on behalf of its investors, according to financial reports published this week.
“The Trust issued 15,334,000 Shares at varying prices ... for an aggregate of 14,591.89670379 Bitcoins representing $280,362,832,” said Grayscale’s Form 8-K report on December 9.
.@Grayscale buying another 100,000+ $ETH is the most underrated news from today.
A day before that, Grayscale disclosed the purchase of over 105,000 more ETH tokens, although the document itself was dated December 2.
“The Trust issued 1,140,900 Shares at varying prices ... for an aggregate of 105,927.51301273 Ethereum representing $62,975,646,” the company reported.
12/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
According to Grayscale’s tweet yesterday, the company currently has $12.1 billion worth of crypto assets under its management. Notably, its Bitcoin Trust is the largest one by far, amounting to over $10 billion all by itself.
The Grayscale Ethereum Trust holds second place among Grayscales funds with $1.64 billion assets under management.
As Decrypt reported, Grayscale’s Bitcoin Trust has been seeing an influx of new funds since October, growing by around $2 billion during this time. Clearly, institutional investors can’t seem to get enough of it.
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Metaplanet, the Tokyo-listed firm dubbed “Asia’s MicroStrategy,” has boosted its Bitcoin holdings with a fresh 3.78 billion yen ($26.3 million) purchase amid growing tension over U.S. trade tariffs.
The company said it acquired 319 BTC at an average price of 12,849,780 yen ($82,549) per coin, bringing its total holdings to 4,525 BTC. Metaplanet plans to boost its Bitcoin holdings by 470%, targeting a total of 10,000 BTC by year-end.
The timing of the purchase comes as digital assets falter unde...
A school in Scotland has said it will be the first in the UK to start accepting Bitcoin payments.
Lomond School in the town of Helensburgh said that it made the choice to accept the cryptocurrency after a number of parents—both local and foreign—made the request, The Times reported.
The private boarding school has a number of international students.
To "manage and mitigate risk," the school said it would start accepting the biggest cryptocurrency in phases, and would convert digital coins rec...
BlackRock’s spot digital asset-focused funds generated net inflows for a fifth consecutive quarter, but the value of those assets tumbled by 9% as the price of Bitcoin and Ethereum slumped, the company said in its latest earnings release.
As of March 31, the world’s largest asset manager held $50.3 billion worth in ETF digital assets, about $5 billion less than in the previous quarter, according to the release.
Still, among asset managers, BlackRock remained the leader in inflows with the iShare...
