BlockFi bought more 5% Grayscale Bitcoin Trust Shares

Blockfi company, lending to cryptocurrencies, Busy 5% the total number of Grayscale Bitcoin Trust shares. The amount of investment in bitcoin was $329 million.

According to the report, submitted to the US Securities and Exchange Commission (SEC), Blockfi currently owns 5.07% Trust shares. According to the SEC rules, each company must submit the corresponding report, Owning more 5% shares of another company or trust.

The report reports, what 15 October Blockfi bought 24,235,578 shares. Considering, that each GBTC shares is equal 0.0001 BTC, A credit company bought 24 235.578 bitcoins. At current prices, this $329.5 million.

According to the General Director of Blockfi Zach Prince (Zac Prince), Buying Grayscale shares on bitcoin is just part of a business loan issuing business:

“Along with credit capabilities, there are investment opportunities, Related to our product. Our participation allows you to provide more valuable services to our customers ".

Currently Grayscale Bitcoin Trust contains more than 467,000 bitcoins, that at the current course exceeds $6 billion. Only for 22 October Investment influx in the company's trusts exceeded
$300 million.

Recall, that in May this year, Blockfi was subjected to
Infantry, During which hackers gained access to user data, Although the money funds remained untouched.