Adds $ 2.5 Billion Altcoins to Grayscale Portfolio

in LeoFinance2 months ago

Grayscale purchased large quantities of XLM, MANA, LINK and BAT "altcoins".

Grayscale, a cryptocurrency fund, purchased $ 2.5 billion worth of altcoins.

GRAYSCALE TWITTER

Grayscale Investments, a subsidiary of Digital Currency Group, announced that it purchased $ 2.5 billion of cryptocurrencies in a single day, and as of April 27, it has $ 45.5 billion worth of cryptocurrencies.

According to analytical data provided by Bybt, last week it shows that Grayscale made small additions to its large amounts of XLM (277,931), MANA (102,183), LINK (34,506), BAT (78,014) and other “altcoins” it owns.

Bybt Grayscale Investments Holdings

At the same time, as can be seen from the above data, there is a decrease in the amount of Bitcoin, Ethereum, Ethereum Classic and Litecoin in their 30-day exchange. Then it would not be wrong to make the following comment; Grayscale sells BTC, ETH, ETC and LTC and buys "altcoins".

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Grayscale sells BTC, ETH, ETC and LTC and buys "altcoins".

Why would they do that ? Taking out money from a safe assets and putting it into somewhere which is more volatile ? Are they trying to pump us some ALT coins or they have some other strategy in mind. God Know.

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While I was publishing this article, I checked and published it on https://smallseotools.com. I published it after I gave the conclusion that it was 100% original when I posted it. What can I do if the site you specified published this article after me? @hivewatchers