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

Grayscale Investments bought $300 million more in cryptocurrencies over the last 24 hours.

AccessTimeIconOct 23, 2020 at 2:36 a.m. UTC
Updated Sep 14, 2021 at 10:22 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.