According to analytics website Bybt, over the past 30 days, the largest buyer of Bitcoin and other crypto assets, Grayscale, has acquired millions of altcoins that it has recently added as the basis for new trusts.
Data shared by analytics platform Bybt shows that, in the past 30 days, Grayscale Investments—related to Barry Silbert’s Digital Currency Group—has purchased large amounts of altcoins, which now power the recently added cryptocurrency trusts.
The company has bought large amounts of altcoins on which the newest crypto trusts have been formed: BAT (1,454,961), MANA (7,764,159), FIL (45,051), LINK (72,668), and LPT (281,303).