Grayscale Purchases $266 Million of Bitcoin and $58 Million of ETH
Grayscale Purchases $266 Million of Bitcoin and $58 Million of ETH
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.
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.
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.
