Asset Manager Grayscale Investment Adds 5.5M XLM to Stellar Lumens Trust
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Asset Manager Grayscale Investment Adds 5.5M XLM to Stellar Lumens Trust

April 3, 2021      Sahaj Sharma

One of the largest crypto asset managers in the world, Grayscale Investment, has recently added 5.5M XLM to its Stellar Lumens Trust. Following the recent addition of precisely 5,566,271 XLM to the trust, the outstanding value of the addition in the trust accounts for $2.5 million dollars.

5.5M XLM Added to Stellar Lumens Trust by Grayscale Investment 

In the recent revelations from data shared on March 31, 2021, by Bybt, a crypto analytics platform, the purchase of 5.5 M XLM was known. This move of the recent addition to the Stellar Lumens trust was worth around 2.5 million dollars.

Aside from the recent addition of a large number of XLM to its trust, the largest crypto asset manager, Grayscale Investment, has also invested in numerous new consolidated assets.

Talking about the recent investments of the crypto asset manager, it has invested 65,670 for LINK, 7,290,372 for MANA, 1,396,356 for BAT, and 258,899 for FIL.

As for the total worth of cryptocurrencies that the asset manager presently holds, it possesses several cryptocurrencies that are worth over $46 billion now.

Notably, the biggest shares they assigned were for BTC and ETH and the data was shared by Grayscale Investment in a tweet. The assets under management of Grayscale Bitcoin trust stands at $38,499.1M and Grayscale Ethereum Trust stands at $6,136.1M.

Crypto Asset Manager Increasing Position at Trust

In accordance with the data shared by Grayscale Investment, it holds around $28 million XLM in its Stellar Trust. Also, the crypto asset manager recently made a purchase of 6.6 million XLM.

Hence, all these data revelations indicate the high chances for the investment firm to keep on increasing its position at Stellar Lumens Trust.

Ultimately, this shows an optimistic sign for Stellar Lumens Trust as these big investments from the largest crypto asset manager will lead an increasingly high number of people to expect more from the trust eventually adding value to the trust.

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#Grayscale Investment #Stellar Lumens #XLM
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.