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Saturday, October 24, 2020

GRAYSCALE ADDS IDR 4.4 TRILLION IN CRYPTO ASSETS TO ITS PORTFOLIO



   In a tweet on Twitter, Gayscale CEO Barry Silbert announced the renewal of his digital asset portfolio.


Grayscale Investment is an American crypto fund management company. Some time ago, this company also succeeded in making educational advertisements related to crypto in the business and economic mainstream media. This step is a form of the company's focus and goal to disseminate knowledge related to crypto and other digital assets.


The amount added to the company's portfolio has a value of $ 300 million in digital assets or the equivalent of Rp.4.4 trillion. This means that the company currently manages around $ 7.3 billion or the equivalent of Rp. 107 trillion in digital assets.



The move was taken when news of PayPal plunged directly into the crypto market. This has also attracted a lot of attention, including big investors such as Paul Tudor Jones II.


Not only that, Grayscale has recently joined with other large financial institutions. The company sees great potential in terms of crypto developments in the market.


This event coincided with other large companies such as, MicroStrategy, which also purchased $ 415 million in Bitcoin. Plus, digital asset managerial company CoinShares also owns 69,730 Bitcoins.


 

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