Grayscale seems to be diversifying its portfolio, the investment company recently acquired 80% of all the Litecoin mined in February and pumped $35million into purchasing Stellar.
Since the beginning of 2021, Digital asset manager Grayscale has added an impressive amount of crypto investments to its cryptocurrency assets under management portfolio. The company has a Bitcoin Trust valued at $31.2 billion AUM and an Ethereum Trust valued at $4.7 billion AUM. Its most recent acquisition, the Grayscale Litecoin Trust, is worth about $244.5 million.
Major Signals
- Digital asset manager, Grayscale, has a Bitcoin Trust valued at $31.2 billion AUM and an Ethereum Trust valued at $4.7 billion AUM.
- It recently acquired 174,939 LTC, which is approx 80% of all the Litecoin mined last month.
- It also acquired 6,568,516 XLM for $2,799,760 in its latest transaction in the past 24 hours.
- Their total crypto assets stands at crypto assets under management have risen to $30.4 billion.
Last month alone, the Financial asset management institution bought 243,519 ETH, 174,939 LTC, and some other altcoins. This is considering that miners minted about 201,600 LTC just last month alone. This implies that approx 80% of all the Litecoin mined last month was scooped up by Grayscale.
