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.
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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