Grayscale Acquires Close to 1 Billion in Crypto In Single Day

According to the Twitter account of Grayscale Investments firm that offers its customers exposure to multiple cryptocurrencies, it has added an equivalent of $0.8 billion in crypto in merely twenty-four hours.

As of Friday, April 30, the company holds $46.7 billion in crypto AUM.

The rise in the amount of Bitcoin and other digital currencies in Grayscale’s management is likely down to the rise of the BTC price from the $54,900 area to the $57,146 high that happened within April 29 and April 30.

Besides, according to Bybt blockchain service, Grayscale has been acquiring large amounts of altcoins this week – XLM, MANA, LPT, FIL and LINK.

The largest amount bought is that of XLM – 259,003 over the past week.

   

Source