Crypto Giant Grayscale Buys 35Million Of XLM Cryptocurrency

It looks like the crypto giant isn’t slowing down when it comes to investing in crypto. Grayscale has become the largest company to invest in crypto as it continues to keep on adding more and more crypto to its inventory, now racking up a total of around $30Billion worth of Crypto. Now that is truly one impressive inventory. Just recently, Grayscale bought almost $709,000,000 worth of cryptocurrency, which included $348 Million worth of Ethereum and around $360 Million worth of Bitcoin in just under a month. Grayscale also took part in an LTC investment, purchasing almost 80% of the total of the almost 200k LTC mined in a month.

Now the behemoth has made another transaction, investing in a staggering 35MIllion of XLM crypto, pushing many happy faces around Stellar Org. The company has shown a ginormous 900% increase in net worth in just a year which shows how much of a talented workforce they have. Making difficult investment decisions is quite a risky task considering the volatility of cryptocurrencies, but the company has still managed to gain such success in a short period of time, listing itself as the top trader in the market.

According to a report from 2020, Grayscale has focused a ton of its resources on partnering with institutions and wishes to expand and expose itself to more institutional investors in seeking success. It is due to these partnerships, almost 90% of the capital inflows by the end of the year were looked into by institutions, thus proving the reliability of their strategy. By providing top-level investors with investment trusts, the company seeks to secure more out of the products they come up with, maintain steady growth.

Grayscale’s interest in Stellar Org

Partnering with Grayscale and utilizing the provided funds, Stellar Org has managed to release a new product named Horizon 2.0, which is an upgraded version of an already established API server that uses lesser resources to deploy but still provides all of the functionalities, leading to better economic stability.

Resources such as Stellar validator are now redundant as the new API Horizon 2.0 has its own validator removing the requirement for a separate module. The validator automatically gives users permission to contribute to Stellar and take part in the decentralization of the system, keeping track of all activities in the blockchain.