Grayscale's Bitcoin holdings have surpassed the $31 billion mark.
The Bitcoin Trust of the company presently possesses over 640,000 BTC.
After the recent rally in Bitcoin (BTC) and Ethereum, Grayscale, the world's largest digital asset management firm, noticed a substantial increase in the aggregate value of its cryptocurrency assets under management (AUM) (ETH).
Grayscale stated in an official update that the corporation owns more than $31 billion in Bitcoin.
Grayscale's digital assets under management are currently valued at roughly $43 billion in total.
Grayscale has approximately $10 billion in Ethereum in addition to Bitcoin.
The Ethereum Trust of the company owns more than 3 million ETH.
With more than $700 million in ETC, Grayscale's Ethereum Classic Trust is the company's third most valued trust.
In the previous 12 months, institutional investment in Bitcoin and other cryptocurrency assets has increased dramatically.
BTC fund issuers and global crypto asset management organizations currently possess more than 800,000 BTC worth roughly $40 billion, according to the latest data from Buy Bitcoin Worldwide.
In addition to crypto asset management businesses' recent increases in Bitcoin holdings, some publicly traded companies have expanded their holdings of the world's largest cryptocurrency in the previous year.
According to recent statistics, 34 publicly traded corporations now have Bitcoin on their balance sheets.
MicroStrategy, the world's largest business analytics organization, now has 108,992 BTC worth more than $5.2 billion in its possession.
Tesla and Meitu both incorporated Bitcoin to their balance sheets in 2021.
Square, a renowned American financial services and payments company, purchased about $170 million worth of BTC in February 2021.
Crypto Holdings by Grayscale
Grayscale carries Litecoin, Chainlink, Filecoin, and Bitcoin Cash, among other cryptocurrencies, in addition to Bitcoin, Ethereum, and Ethereum Classic.
The Litecoin (LTC) Trust managed by Grayscale has more than $270 million in assets under management.
In the previous six weeks, the overall value of the digital asset management firm's bitcoin AUM has recovered significantly.
The overall value of the company's digital assets under management fell below $30 billion on July 10, 2021.