Grayscale Goes on Bitcoin (BTC) Buying Spree after Raising $700 Million

Grayscale Goes on Bitcoin (BTC) Buying Spree after Raising $700 Million
Jan 18 2021 · 09:07 UTC | Updated
Jan 18 2021 · 09:43
by Bhushan Akolkar · 3 min read
Photo: Depositphotos
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Grayscale continues to attract institutional money in 2021 after reporting a staggering $3.3 billion inflows during Q4 2020. Last week, the digital asset manager purchased nearly 10K Bitcoins worth over $300 million.
Cryptocurrency asset management giant Grayscale is making bold moves once again and is continuing its Bitcoin story. Grayscale’s newly appointed CEO Michael Sonnehnshein recently stated that the firm has raised $700 million last Friday, January 15.
Yesterday, @Grayscale raised north of $700 million into its family of products…momentum from Q4 seems to picking up speed into the new year.

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