Grayscale, the world’s largest cryptocurrency asset manager, currently owns more than $ 20 billion in digital assets. The value of Bitcoin held by the company is approximately $ 17.5 billion.

Grayscale’s total assets under management (AUM) reached $ 20.2 billion on the last day of 2020, according to the latest update shared by the company on Twitter. The cryptocurrency asset manager owns more than 600,000 Bitcoins, as the firm purchased 70,000 BTC in the last 30 days.

Ethereum is Grayscale’s second largest digital asset in terms of value, with more than 2.9 million ETH under management. The total value of Ethereum in Grayscale’s hands is currently around $ 2.17 billion. The company’s Litecoin Trust is the third largest investment product, managed with 1.1 million Litecoins worth about $ 145 million.

The recent price rally in Bitcoin and other cryptocurrency assets played an important role in raising Grayscale’s AUM value. Grayscale Managing Director Michael Sonnenshein expressed his views on the growing interest and potential growth of cryptocurrencies in the coming years:

THE CONTINUOUS GROWTH OF BITCOIN AND OTHER DIGITAL CURRENCIES THIS YEAR IS A REFLECTION OF THIS STORY OF “PROVING THE RISK” FOR THE CLASS OF ASSET, THAT IS LONG-TERM STAYING POWER AND MAIN CURRENT INVESTORS. REMEMBER, THESE ARE ONLY THE FIRST DAYS AND WE THINK THERE ARE MORE TRACK TO GO. ”

Grayscale accelerated the accumulation of cryptocurrency assets this year as the company has benefited from the growing interest in digital assets. The asset manager purchased more than 12,000 Bitcoins in 24 hours earlier this month. The amount of Ethereum Grayscale owns has increased significantly this year, with the acquisition of more than 500,000 Ethereum in November and December, after reporting increased interest in Ethereum-related investment products.

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Dogecoin Became the Most Spoken Crypto Currency On Twitter, Leaving Bitcoin Behind!

Also, Grayscale recently launched DropGold and GoGrayscale marketing campaigns to raise awareness about digital assets.

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