Crypto News

The company acquired Grayscale almost half esters that were produced this year

Investment company Grayscale to 24 April she has gained 48.4% of the ether (ETH) which have been produced since the beginning of 2020. About it reports the Decrypt.

Grayscale bought 756 539 ETH from the beginning of this year. The amount of ether produced during this period is 1 563 245 ETH.

Ethereum Trust from Grayscale allows institutional investors to buy securities that are tied to the cost of air. This allows investors to access the airwaves without having to own them. Grayscale now holds 1.1% of all ETH in circulation.

Grayscale belongs to the venture company’s Digital Currency Group. Interestingly, its founder Barry Silbert previously supported Ethereum Classic (ETC). In 2018, Silbert said that the Digital Currency Group holds 25% of its scriptaction in ETC, not ETH. Then he said that the value of most altcoins will fall to zero, except for five coins, which he invested ― BTC (50%), ETC (25%), zcash for (15%), Decentraland (5%) and Zencash (5%).


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