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Grayscale continues to buy massively ...

Grayscale continues to massively buy bitcoins and ETH, but this is inaccurate
CONTENT

  • Grayscale Investment invested another $ 240 million in cryptocurrency this week

  • Presumably, the company acquired about 100 thousand ETH coins

  • The current market drawdown, coupled with the continuing interest in cryptocurrencies, could have pushed it to new purchases.

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Grayscale has acquired another 1.3k BTC and 100k ETH in the last 24 hours, according to social media posts..

A self-proclaimed bitcoin enthusiast under the nickname Mark Rex published on December 10 on his Twitter account that the investment company Grayscale, long known for its activity on the crypto market, has acquired another 1,276 bitcoins in the last 24 hours. In addition, in parallel there were reports that Grayscale additionally purchased 100 thousand ETH.

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Grayscale continues to buy massively ...

Looking for the source

In the screenshot, which was published by Mark Rex, you can also see that in general, at the end of the last week, the company’s investment in Bitcoin amounted to 13,232 BTC. At current quotations, this amounts to almost $ 240 million.

@Grayscale added 1276.474621 #bitcoin yesterday to its $ GBTC and $ GDLC products. 13232.30376 $ BTC in the last week!

Check out the spreadsheet … pic.twitter.com/ShjoL4zeHH

– Mark Rex – BTC (@mark_rex_h) December 10, 2020

The screenshot is a compilation of statistics on various trusts and the value of Grayscale assets, and looks quite reliable. However, an attempt to go to the original source of these data leads nowhere. In addition, Mark Rex’s call for readers to use his referral code and download a certain mobile application is noteworthy. This advertising attempt has led some to question the true purpose of this tweet..

However, judging by a number of previous posts by Mark Rex, he has a good idea of ​​many of the nuances of Grayscale Investment trusts and often operates with such data, including purchase statistics. Also, public information on the state of Grayscale assets can be found in the Bitcointalk document.

Additionally, while the company has not officially confirmed the last bitcoin purchase at the time of writing, its CEO Barry Silbert re-posted a tweet from Mark Rex. This can be considered a certain vote of confidence. It is likely that the company wanted to take advantage of the current drawdown of the crypto market and buy more bitcoins at profitable levels..

Bybt.com Data on Grayscale Investment Trusts

And some more Ether?

Meanwhile, another popular Twitter and youtube user under the nickname GirlGoneCrypto reported that Grayscale has acquired 100,000 Ether tokens in the past 24 hours. However, in this case, the source of the information was not indicated, and this post was not confirmed by either the company or Barry Silbert.

Grayscale continues to buy massively ...

[email protected] buying another 100,000+ $ ETH is the most underrated news from today.

– Girl Gone Crypto (@girlgone_crypto) December 10, 2020

Statistics from bybt.com indirectly confirm that the volume of bitcoins held by trusts has increased by about 13 thousand. However, similar statistics for ETH remains unclear. According to Bybt, over the past week this figure has increased by about 200 thousand.

On the other hand, Grayscale Investments and its management have never hidden their enthusiasm for cryptoassets, and not just Bitcoin. Last week, Michael Sonnenshine, Managing Director of Grayscale Investments, talked about the rapidly growing investor interest in the world’s second largest cryptocurrency, Ethereum. In many ways, this surge of interest was due to the long-awaited launch on December 1 of the zero phase of the updated Ethereum 2.0 protocol..

Read also: The first block has been mined on the Ethereum 2.0 network. We tell you why it is important

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