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<\/p>\nThe cryptocurrency market has experienced a turbulent run for a month now. with market-leading currency skyrocketing for weeks to eventually facing major corrections, and various Altcoins setting up their foot to a new altcoin hype cycle. Thus it is only rational for the investment firm to diversify its portfolio to hedge against volatility.<\/p>\n
The largest cryptocurrency asset management firm Grayscale Investments has been on a shopping spree for some weeks now.<\/p>\n
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As per Data provided by analytics service Bybt indicates that Grayscale has added enormous amounts of LTC BCH & ETC to its investment portfolio.<\/p>\n
After acquiring a whopping 80% of total mined Litecoin in February, the firm has gone one step further and stocked up on more Litecoins<\/p>\n
According to ByBt\u2019s data, the company added 1468 Litecoin worth $277,833 to its portfolio. <\/p>\n
In total Grayscale in the last month bought 37928 coins, thus increasing their possession by 14125 coins.<\/p>\n
Despite Grayscale\u2019s huge and frequent purchases, the Litecoin price stays unaffected in the market. To which the Litcoin team on Twitter said that<\/p>\n
\u201cLarge orders like these are usually purchased through an OTC desk as to not immediately impact the market. Some speculate that due to this the supply shock may be delayed\u201d<\/em><\/strong><\/p>\n Although there is hope for the prices to shoot up in the near future.<\/p>\n On March 3 itself, Grayscale bought 1822 BCH worth $955,165 and 80300 ETC worth $ 895,949. The BCH purchase for the week totals up to 4781 coins now.<\/p>\n On the first of March, Grayscale made a 3347 Ethereum purchase worth $5.2 Million. In the last month, the firm has purchased a grand total of 243,519 ETH worth approx $380 Million. The firm has also purchased huge amounts of other altcoins like ZEC, ZEN, and XLM.<\/p>\n With extremely consistent purchases, Grayscale is actively looking and grabbing the opportunity to invest in every avenue of the cryptocurrency market.<\/p>\nBitcoin Cash and Ethereum Classic<\/h3>\n
Other Investments of the week<\/h3>\n