Grayscale has expanded its XLM assets, purchasing more than 5.5 million coins last week. It has also invested in other altcoins such as MANA, FIL, BAT.
The largest Bitcoin buying fund offering investment in altcoins, including Ethereum and Stellar, has recently added 5,566,271 XLM and other altcoins whose investment products have been launched. This amount in fiat currency is $ 2,532,167.
Grayscale buys XLM, MANA, FIL, BAT, LINK
Analytics platform Bybt shows on March 31 that Grayscale Investments fund, affiliated to Digital Currency Group founder Barry Silbert, made major crypto purchases.
5,566,271 XLM, 7,290,372 MANA; 258,899 FIL; 1,396,356 BAT and 65,670 LINK were purchased. All of these cryptocurrencies were recently added to the Grayscale asset list and related crypto investment products were launched, giving investors access to stocks based on these coins.
As of April 1, the company has a total of $ 46 billion worth of cryptocurrencies. This includes $ 28 million worth of XLM, $ 38.5 billion of Bitcoin and $ 6.1 billion of Ethereum.
Grayscale bought $ 0.4 billion worth of crypto in one day.
As the US covered earlier today, the two largest cryptocurrencies, Bitcoin and Ethereum, soared in the early hours.
Bitcoin revisited the $ 60,000 level and returned to $ 59,980. Ethereum was able to move above the $ 2,000 price level, nearing breaking its own record: the all-time high of $ 2,036 was reached on February 20.