Grayscale Investments is the largest crypto asset manager. In particular, the firm’s total crypto AUM (assets under management) has reached over $50 billion this week, according to Finance Magnates. Citing the company’s announcement on Twitter, the source says Grayscale now manages over $41 billion in Bitcoin, as the BTC price crossed the mark of $64,500 yesterday, April 14.

TIME Magazine’s decision to keep BTC on its balance sheet comes after similar moves by other companies. For instance, MicroStrategy’s reported Bitcoin holdings were 91,579 BTC on April 5. Moreover, just this week the company even decided to pay its board of directors in Bitcoin.

Automaker Tesla purchased $1.5 billion worth of Bitcoin this year. Now, the value of its Bitcoin holdings reached over $2.5 billion because of the BTC price increase, TheStreet reports. Moreover, the company also announced last month that it would be accepting BTC for payment for its cars and keep crypto without converting it into fiat.

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According to the source, Dorsey listed the tweet on March 5 and Estavi placed the largest bid on March 6, which participants have not surpassed during the remaining days of the auction. At the time of bidding, the bid amount was about $2.5 million. However, as the price of ETH increased, the total reached over $2.9 million. The amount was converted into BTC and sent to a charity GiveDirectly Africa Response fund, the source says.

Ethereum is trading at around $1,686 at the time of writing, per CoinMarketCap.com data.

In other NFT news, Time Magazine recently released three NFT covers for auction on SuperRare. The three covers were inspired by the iconic cover from April 8, 1966, “Is God Dead?”, and read: “Is God Dead?”, “Is Truth Dead?”, and “Is Fiat Dead?” Please visit the original source for more information about participation in the auctions of the three covers, which will be open until March 24, 8 p.m. (ET).

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