Grayscale Investments Has Bought More Than 750K ETH
An investment company Grayscale Investments got overly interested in Ethereum: they acquired 756539.77 ETH ETH from the beginning of the year to April 24, which is 48.4% of the total number of coins mined over the same period of time. This information was provided by the Reddit user with the nickname nootropicat.
During the first four months of this year, Grayscale Investments issued 5.23 million new shares, each valued at 0.09427052 ETH. In the first quarter alone, the company managed to attract more than 110 million US dollars, which is 15 million more than in 2018 and 2019 combined.
The company expects a significant increase in the scalability of Ethereum after July 30, 2020, once the ecosystem moves to stage 2.0. Investors are ready to overpay 420%, so as not to worry about self-storage of coins.
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