RATE Group | Bitcoin Stock News: Grayscale Bitcoin Trust (OTCQX: GBTC) Announces Resumption of Privat…
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Bitcoin Stock News: Grayscale Bitcoin Trust (OTCQX: GBTC) Announces Resumption of Privat…

13 Jan Bitcoin Stock News: Grayscale Bitcoin Trust (OTCQX: GBTC) Announces Resumption of Privat…

Posted at 19:48h in Bitcoin News by

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NEW YORK – January 13, 2020 (Investorideas.com Newswire) Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Bitcoin Trust (OTCQX: GBTC) (the “Trust”), today announced that the Trust will resume the private placement of its shares. The Trust’s private placement is offered on a periodic basis throughout the year and is now currently available to accredited investors for daily subscription.

The Trust’s investment objective is for the value of its shares (based on Bitcoin per share) to reflect the price performance of Bitcoin, less fees and expenses. The Trust is solely and passively invested in Bitcoin and was created for investors seeking exposure to Bitcoin through a traditional investment vehicle. As of January 10, 2020, the Trust has more than $2.06 billion in assets under management (AUM) and each share of the Trust represents 0.00096884 Bitcoin.

Following a one-year holding period, shareholders who invest in the…

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