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.
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.”
04/01/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $46.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/8nBrnfmG9n
— Grayscale (@Grayscale) April 1, 2021
Follow us on Twitter, Facebook, Telegram, and Download Our Android App
