Grayscale Tops $43 Billion in Crypto Assets under Management

Grayscale, the world’s largest crypto asset manager, announced today that the company has more than $43 billion worth of digital assets under management, its highest level on record. The overall value of the company's crypto assets is surging due to a recent jump in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) and Ethereum (ETH).

According to the official announcement by the company on Twitter, Bitcoin is the largest holding of Grayscale as the asset manager now has more than 650,000 BTC under management with a total value of over $36 billion.

In addition, the crypto asset manager 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.

Digital Currency Group (DCG) announced earlier this week that the company has authorized the purchase of up to $250 million worth of shares of Grayscale Bitcoin Trust. Since the start of 2021, several institutional investors around the world have gained Bitcoin exposure through Grayscale’s BTC Trust.

Grayscale’s Crypto Holdings

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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as well. Grayscale bought nearly 140,000 Litecoin (LTC) in the last 30 days as the total value of the company LTC assets under management now stand at around $294 million. Bitcoin Cash (BCH) is the fourth largest crypto holding of Grayscale as the firm has more than 290,000 BCH under management with a total value of approximately $160 million. Grayscale bought more than 24,000 BCH in the last 30 days. The company also holds Ethereum Classic, ZEC, ZEN and XLM.

The firm mentioned recently that it is planning to consider 23 digital assets including Aave, Chainlink, Polkadot, Cardano, Cosmos, Compound, Uniswap, Monero, Tezos, Yearn Finance and EOS for new investment products. The total market cap of cryptocurrency assets reached $1.7 trillion on Thursday.