• Greyscale Investments buys bitcoin
    Bitcoin,  Cryptocurrencies

    Grayscale Bitcoin Trust adds nearly $200M Bitcoin

    The world’s largest digital asset management firm acquired another 17,100 BTC, showing renewed institutional interest in the asset

    The firm buys coins for its investors, so that they can get exposure to crypto assets without engaging in the logistical and legal challenges of holding them directly themselves. As Grayscale’s trusts are traded on over-the-counter markets, the growth in its assets under management can be directly linked to renewed institutional investor’s interest in Bitcoin and other cryptocurrencies.