The world’s biggest crypto asset manager, Grayscale, said that it has now acquired over $43 billion worth of digital assets under management. That is its highest level on record. The general value of the firm’s crypto assets is increasing as a result of a recent spike in Ethereum and Bitcoin prices.
Based on the company’s official announcement on Twitter, BTC is the biggest holding of Grayscale as the asset manager now has over 650,000 BTC under management with a cumulative value of more than $36 billion.
The cryptocurrency asset manager also has almost 3.17 million Ethereum under management. Notably, the total value of Grayscale’s ETH under management now stands at about $5.8 billion. The firm acquired about 130,000 ETH in the past 30 days.
Digital Currency Group (DCG) said earlier in the week that the firm has authorized the purchase of up to $250 million worth of Grayscale Bitcoin Trust shares. Since the start of this year, many institutions globally have gained bitcoin exposure through Grayscale’s BTC Trust.
Grayscale’s Cryptocurrency Holdings
Ethereum and Bitcoin account for over 90% of the total value of Grayscale’s crypto assets. Nonetheless, the firm has accelerated its efforts in recent weeks to accumulate other cryptos too. Grayscale acquired almost 140,000 Litecoin (LTC) in the past 30 days as the cumulative value of the company LTC assets under management now stand at about $294 million.
Bitcoin Cash (BCH) is the 4th biggest crypto holding of Grayscale as the company has over 290,000 BCH under management with a total value of about $160 million. Grayscale acquired at least 24,000 in the last 30 days. Also, the company holds ZEN, ZEC, Ethereum Classic, and XLM.
The company mentioned recently that it wants to consider 23 digital assets including Monero, Compound, Uniswap, Aave, Chainlink, Tezos, Yearn Finance, Polkadot, Cardano, EOS, and Cosmos for new investment products. The total market capitalization of crypto assets reached $1.7 trillion on March 11, 2021.