The world’s largest crypto asset manager, Grayscale, announced today that the company has more than $43 billion worth of digital assets under management, its highest level on record. The company’s crypto assets’ overall value is surging due to a recent jump in Bitcoin and Ethereum. According to the company’s official announcement on Twitter, Bitcoin is the largest holding of Grayscale as the asset manager now has more than 650,000 BTC under management.
03/10/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
— Grayscale (@Grayscale) March 10, 2021
Grayscale now holds over $36 billion in bitcoin.
Grayscale now holds more than 650,000 BTC under management with a total value of over $36 billion. The crypto asset manager also has nearly 3.17 million Ethereum under management. The total value of Grayscale’s ETH under management now stands at around $5.8 billion. The company purchased around 130,000 ETH in the last 30 days. Earlier, Digital Currency Group (DCG) announced that the company had authorized the purchase of up to $250 million worth of Grayscale Bitcoin Trust shares.
Grayscale is now also accumulating different cryptocurrencies.
Bitcoin and Ethereum account for more than 90% of the total value of Grayscale’s crypto assets. But the company has accelerated its efforts in recent months to accumulate other cryptocurrencies as well. Grayscale bought nearly 140,000 Litecoin in the last 30 days as the total value of the company LTC assets under management now stand at around $294 million. Bitcoin Cash is the fourth largest crypto holding of the asset management company as the firm has more than 290,000 BCH under management with a total value of approximately $160 million. The total market cap of cryptocurrency assets reached $1.7 trillion on Thursday as bitcoin surpassed $55,000 overnight. At the time of writing, bitcoin is changing hands at just above $54,700.