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
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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.

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