Grayscale has invested in cryptocurrencies yet $300 million per day

Digital asset management company Grayscale Investments acquired cryptocurrencies worth $300 million in the last 24 o'clock.

Grayscale CEO Barry Silbert (Barry Silbert) stated
about it on Twitter shortly thereafter, how his company published the information
about updating your portfolio of crypto assets.

“In one day, we added cryptocurrencies worth $300 million under the management of our trusts ", – said Silbert.

Additional investments increased the total dollar value of cryptoassets managed by Grayscale to $7.3 billion. Recall, that earlier this week, the total value of cryptoassets managed by Grayscale Trusts reached for the first time
$6.5 billion. Of them $5.4 billion were concentrated in the Grayscale Bitcoin Trust (GBTC).

In mid-October, Grayscale reported on the results of the III quarter 2020 years - investment in Grayscale trusts reached record $1.05 billion. According to Bitcoin Treasuries, public companies, including Grayscale, own a total of 785 999 BTC worth $9.18 billion.

According to BitInfoCharts, The average amount of the BTC transaction in dollars increased
six times in the past three months: from $ 25,000 in July this year to $ 151,000 as of 20 October. This also indicates the growth of the activity of large investors..

Grayscale's decision could also have been influenced by PayPal's announcement of the addition of
Support for cryptocurrencies for users from USA. US PayPal users will now be able to buy, sell and store cryptocurrencies. IN 2021 year it is planned to add these functions for customers from other countries.

Source