Over the past 30 days, Grayscale has acquired 178,691 Litecoin (LTC).
According to Bybt.com, the financial giant invested $ 28.9 million in the purchase of such a volume of cryptocurrency, given the LTC rate of $ 162.
Analysts found that Grayscale was accumulating Litecoin in parallel with increasing capital investment in Bitcoin and Ethereum trusts. At the moment, under the control of the giant’s LTC trust, there are coins totaling up to $ 255.6 million.
Note that the largest remains the company’s bitcoin trust, by the end of last month it accumulated $ 30.724 billion. The total amount of funds in the cryptocurrency controlled by Grayscale on February 27 increased to $ 36.5 billion. During the reporting period, Grayscale purchased 7,540 bitcoins and 239,972 Ether for its trusts.
Litecoin on Monday, March 1, rose in price to $ 168 (+ 6.26%). The coin is on the eighth line in the ranking of the largest cryptocurrencies.
Newly renowned rock musician and co-founder of the legendary Kiss band Gene Simmons admitted on Twitter, that he has already invested in Litecoin. However, he did not name the amount of funds invested in LTC.
It is known that the same musician previously invested $ 300,000 in the ether and Cardano.
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