Saturday, April 10, 2021

Grayscale Investments Adds 5,566,271 XLM to Stellar Lumens Trust

Grayscale Investments, the world’s largest crypto asset manager, has reportedly added 5,566,271 XLM to its Stellar Lumens Trust. The value of the amount of XLM added by Grayscale is around $2.5 million at current prices.

The new development was revealed in the recent data provided by the crypto analytics platform Bybt dated 31st March 2021.

Read Also: Stellar Blockchain Partners with Ukrainian Government to build the Country’s CBDC

Aside from the huge addition of XLM, Grayscale also added huge funds for a number of newly incorporated assets, including 7,290,372 MANA, 258,899 FIL, 1,396,356 BAT, and 65,670 LINK.

Grayscale Investments Adds 5,566,271 XLM to Stellar Lumens Trust
Courtesy of Bybt

According to the report shared on 1st April 2021, the crypto asset manager currently holds a total of $46 billion worth of various cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH) that have the largest share.

The report also shows that Grayscale currently holds $28 million worth of XLM in its Stellar Trust. It can be recalled that the firm purchased relatively 6.6 million XLM just about a week ago. So, there is a possibility for the leading crypto asset manager to keep increasing its position in Stellar Lumens (XLM).

Read Also: Stellar Lumens (XLM) Joins Top 3 List of Most Popular Crypto Asset on Coinbase

Grayscale tweeted, “Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $46.0 billion.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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