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Grayscale’s crypto assets under management are now worth $36 billion.

Grayscale announced the appointment of Michael Sonnenshein as the new CEO. Sonnenshein will succeed Barry Silbert to take charge of the firm.


Grayscale, the digital assets management firm, announced today that the total value of its cryptocurrency assets under management had reached $36.5 billion. The highest level in the company’s history. According to the official announcement on Twitter by Grayscale, Bitcoin remained the largest holding of the company, with nearly 650,000 Bitcoin under management. The total value of the firm’s cryptocurrency bitcoin stands at around $30.7 billion. Grayscale purchased 493 BTC worth nearly 23 million in the last 24 hours.

 

Bitcoin remained the largest holding of Grayscale. 

The cryptocurrency asset manager accelerated its Bitcoin accumulation in the last 30 days with the additional purchase of 43,217 BTC. Grayscale bought 116,174 Ethereum during the last four weeks as the total value of the company’s ETH holding jumped above $5.4 billion. The company added 12,450 ETH worth nearly $22.5 million in the last 24 hours. Grayscale started this year with nearly $20 billion in crypto assets under management. The price jump in the leading cryptocurrency Bitcoin, Ethereum, and Litecoin pushed the valuation of the company’s assets to a record high.

 

Cryptocurrencies draw institutional interest. 

Grayscale also accelerated its accumulation of Bitcoin and Ethereum as the fund saw record institutional inflow. Apart from the top two leading cryptocurrencies, Grayscale has increased its altcoin holdings with significant accumulation of cryptocurrency assets like Litecoin, Bitcoin Cash, and Ethereum Classic. The company purchased 9,803 Litecoin worth nearly $1.9 million in the last 24 hours as the total value of Grayscale’s LTC holding under management reached $236 million. The asset manager bought 414 BCH worth approximately $218,000 in a single day as the total value of its BCH holding stands at around $137 million. As reported earlier, Tesla also invested $1.5 billion in bitcoin, causing the leading cryptocurrency’s price to soar above new all-time highs. 





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