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Grayscale Adds 5.5 Million XLM to Stellar Lumens Trust

Grayscale Adds 5.5 Million XLM to Stellar Lumens Trust
  • Grayscale Investment adds 5,566,271 XLM to its Stellar Lumens Trust.
  • The added XLM value is around $2.5 million at its current price.
  • Grayscale currently holds several cryptocurrencies worth about $46 billion.

Grayscale Investments, one of the world’s largest crypto asset managers, has reportedly added 5,566,271 XLM to its Stellar Lumens Trust. In fact, the value of the new Lumen addition is around 2.5 million US dollars.

Notably, the purchase was revealed in the recent data provided by the crypto analytics platform Bybt dated 31st March 2021.

Besides the huge amount of addition to XLM, Grayscale also invested a number of new incorporated assets. It invested 7,290,372 to MANA, 258,899 for FIL, 1,396,356 to BAT, and 65,670 for LINK. Moreover, the crypto asset manager holds a total of $46 billion worth of several cryptocurrencies right now. The largest shares they allotted were for Bitcoin (BTC) and Ethereum (ETH).

Grayscale tweeted, “Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $46.0 billion.”

According to the report shared, Grayscale holds $28 million XLM now in its Stellar Trust alone. Grayscale also recently purchased 6.6 million XLM. Hence, there is a high chance for the largest crypto asset manager to keep on increasing its position at Stellar Lumens. This can be good for Lumen and the public can expect more for XLM this 2021.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.