Grayscale Investment Adds 5.5 Million XLM to Stellar Lumens Trust

The Largest Asset Manager, Grayscale Investment, Invested XLM Worth $2.5M to its Stellar Lumens Trust
  • Grayscale Investment made an addition of 5,566,271 XLM to the Stellar Lumens Trust, which equates to around $2.5M.
  • Grayscale’s total cryptocurrency in holding surpasses a worth of $46B.
  • Grayscale holds XLM worth $28M in its Stellar Lumens Trust and recently purchased 6.6M XLM. 

Grayscale Investment, one of the world’s largest cryptocurrency investment fund managers, recently invested in 5.5 million XLM tokens to its Stellar Lumens Trust. To be precise, the latest addition of 5,566,271 XLM to the trust equates to around $2.5 million.

Grayscale Investment’s significant investments

The crypto analytics platform, Bybt’s data shared on Wednesday revealed the purchase of 5.5 million XLM. The recently made Stellar Lumens Trust addition is worth about $2.5 million. In addition to the 5,566,271 XLM to its trust, the digital currency investing leader, Grayscale Investment, also invested generously in its numerous other new assets. 

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Grayscale’s recent investment lists: 65,670 for LINK, 258,899 for FIL, 1,396,356 for BAT, and 7,290,372 for MANA. With the great amount of several cryptocurrencies that the asset manager now holds, we can only imagine the total overall worth of all those assets combined, roughly surpassing a total worth of $46 billion.

Most significant Shares in high-return Assets

Their most significant shares are Bitcoin (BTC) and Ether (ETH). Based on the data shared by Grayscale Investment in their tweet, the asset manager presently holds around 651 thousand BTC worth $38.499 billion under management, followed by ETH under leadership worth nearly $6.136 billion.

Stellar Lumens Trust’s Potential Profit

As shared by the Grayscale Investment, it holds close to $28 million worth of XLM in its Stellar Lumens Trust, and adding to that, and it recently made a large purchase of 6.6 million XLM. The crypto asset manager shows considerable potential to keep investing and raise its position in Stellar Lumens Trust.

Such big-time investment firms, investing in XLM, design a positive outlook for Stellar Lumens Trust’s growth and following the XLM market as such significant investments will inspire a rising number of the population to expect even more from the trust. Their combined beliefs will eventually raise the value of the faith.

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Andrew Smith
Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.

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