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.
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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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