Australia markets open in 6 hours 16 minutes
  • ALL ORDS

    7,239.40
    +30.40 (+0.42%)
     
  • AUD/USD

    0.7785
    +0.0055 (+0.71%)
     
  • ASX 200

    7,014.20
    +31.50 (+0.45%)
     
  • OIL

    65.51
    +1.69 (+2.65%)
     
  • GOLD

    1,844.00
    +20.00 (+1.10%)
     
  • BTC-AUD

    60,673.12
    -1,519.73 (-2.44%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     

Grayscale Added $300M in Digital Assets to Its Portfolio During the Last Day

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Sebastian Sinclair
·1-min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours.

  • Grayscale CEO Barry Silbert made the announcement via tweet late Thursday evening, shortly after his company posted an update to its digital asset portfolio.

  • “Added a cool $300 million in assets under management in one day,” Silbert said. The additional sum brings the total held under management to $7.3 billion.

  • The move comes at a time when the hype surrounding PayPal's foray into the crypto markets has drawn additional attention from big-name investors including Paul Tudor Jones II.

  • Last week the digital asset manager announced its best quarterly results to date, having brought in just over $1 billion in investment across all of its cryptocurrency products.

  • Grayscale is owned by CoinDesk’s parent firm, Digital Currency Group, of which Silbert is a founder.

See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months

Related Stories