1. PixelPlaygroundHome
  2. Web3 News

When does Grayscale buy Zen (Grayscale buys DOT)?

• Web3 News • 95 views

When does Grayscale buy Zen? According to the information released by Grayscale

When does Grayscale buy Zen (Grayscale buys DOT)?

When does Grayscale buy Zen? According to the information released by Grayscale Investments, it is one of the world’s largest digital asset management companies. As of today, Grayscale’s assets under management exceed $477 million, and its total portfolio includes ZEN, ZENS, ZEC, and Zcash, among others.

So when does Grayscale buy Zen?

Starting from December 15, 2020, the price of Bitcoin has been consistently rising and has surpassed the $20,000 mark, with a current market value of over $20 billion, reaching a new all-time high.

In recent times, Grayscale has been very positive about Bitcoin and has continuously increased its holdings with a large amount of funds. This means that as the price continues to rise, investors are becoming more bullish on Bitcoin.

Therefore, regardless of whether you believe that Grayscale will buy more cryptocurrencies when the price of Bitcoin experiences a significant decline again, Grayscale’s decisions will still impact your purchasing power.

Now let’s take a look at the factors influencing Grayscale’s decision to purchase Bitcoin.

Grayscale buys DOT

According to coindesk’s report, according to the latest announcement by Grayscale, the cryptocurrency asset management company, they have acquired stakes in dot.com. It is reported that the company raised investments worth $100 million in the past 24 hours. According to Grayscale, “This funding comes from institutional investors such as GBTC, Coinbase, and Circle showing interest in the Polkadot ecosystem.” Previously, the investment fund had already invested an additional $10 million into the Bitcoin Cash Trust. In addition, Grayscale has added a new “staking” feature for the Ethereum network, allowing staking of DOT to earn rewards.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24885/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/18/2023 18:40
Next 08/18/2023 19:03

Recommended articles