Digital asset manager Grayscale made a giant acquisition. According to the announcement from its official Twitter account, the company purchased $ 1 billion worth of cryptocurrencies, including Bitcoin (BTC).
According to the data shared on the Twitter account, the company, whose total amount of AUM was 45.1 billion dollars yesterday, increased this amount to 46.1 billion dollars within 24 hours.
The company has recently invested heavily in cryptocurrencies such as Basic Attention Token (BAT), Chainlink (LINK), Livepeer (LPT). Grayscale also has separate Trust funds backed by these cryptocurrencies.
The company also recently purchased Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC).
This week, there was an important development regarding Grayscale. The company plans to convert its Bitcoin Trust product into a Bitcoin-based ETF.