{"id":180542,"date":"2021-01-24T08:00:20","date_gmt":"2021-01-24T08:00:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=180542"},"modified":"2021-10-19T15:14:33","modified_gmt":"2021-10-19T14:14:33","slug":"grayscale-adds-120-million-worth-of-bitcoin-to-its-coffers-amid-continued-institutional-interest","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/grayscale-adds-120-million-worth-of-bitcoin-to-its-coffers-amid-continued-institutional-interest\/","title":{"rendered":"Grayscale adds $120 million worth of Bitcoin to its coffers amid continued institutional interest"},"content":{"rendered":"

Bitcoin has seen some volatility over the past few weeks. The cryptocurrency has bounced between $30,000 and $40,000, even falling below the former level at one point in time in a move that scared bulls.<\/p>\n

Unfazed by the recent market volatility, data shows that institutional players have been adding to their Bitcoin positions.<\/p>\n

Grayscale adds Bitcoin positions<\/h2>\n

According to crypto data aggregator Bloqport, Grayscale Investments<\/a>, a Wall Street digital asset manager, added BTC worth $118 million to its coffers over the past day. This adds to the $1 billion that Grayscale has bought for its clients over the past seven days.<\/p>\n

This means that the company now has over $20 billion worth of the leading cryptocurrency under management, which is up by over seven percent in BTC terms over the past 30 days alone.<\/p>\n

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Grayscale adds 3,544 BTC over the past 24 hours, worth $118 million. Over the past 7 days, Grayscale has added 29,598 #Bitcoin<\/a> worth close to $1 billion. pic.twitter.com\/l0ATzaFSZo<\/a><\/p>\n

— Bloqport (@Bloqport) January 22, 2021<\/a><\/p><\/blockquote>\n