Quick take:
- Grayscale has added to its bags Bitcoin worth $270 Million in the last 7 days
- Grayscale’s total assets under management have hit a total of $13 Billion
- Grayscale’s assets under management have increased by 465% since January 2020
- The share value of Grayscale’s Bitcoin Trust has exceeded $20 and will continue to increase in value
The popular Wall Street company of Grayscale investments has not slowed down on its mission to accumulate Bitcoin. According to data shared by the team at Unfolded, the company has accumulated Bitcoin worth $270 million in the last 7 days alone. This information was shared via the following tweet and accompanying chart highlighting the accumulation of Bitcoin by Grayscale in the last week.
Over the last 7 days, Grayscale adds $270m worth of #Bitcoin pic.twitter.com/tA129dyfsD
— unfolded. (@cryptounfolded) December 15, 2020
Grayscale Total Assets Under Management Hits $13B
With the recent accumulation of Bitcoin and other digital assets, Grayscale Investments now has a total of $13 Billion net assets under management. The team at Grayscale shared this milestone yesterday, December 14th, via Twitter. A screenshot of their update can be found below.
Assets Under Management Increase by 465% in 2020
Grayscale’s assets under management hitting $13 Billion is very impressive and a 465% growth since the beginning of the year. In January, Grayscale’s assets under management stood at $2.3 Billion. With more institutional investors turning to Bitcoin and other digital assets, chances are that Grayscale’s assets under management will exceed $20 Billion by mid-2021.
