After this shopping spree, however, Grayscale, which holds the equivalent of over $5.1 billion in bitcoin, calmed down. In fact, for a long time they did not buy the cryptocurrency at all – now, however, they seem to have started again, reports Cointelegraph.
On June 19, the investment company bought 19,879 bitcoin (corresponding to just over $219 million in today’s market value). After this, it stood still for over three weeks – with zero new added coins.
Over the past eleven days, however, Grayscale has started buying coins again, and the investment company’s funds – both for bitcoin and other cryptocurrencies – have grown significantly during this period.
During the period, the equivalent of over $1 billion was bought in new cryptocurrencies.
Bitcoin fund is growing the most
Most of this went into Grayscale’s bitcoin fund, which added coins to a value of just over $782 million.
In addition to this, they bought ethereum for $174 million and smaller amounts in several other altcoins, Cointelegraph writes.