Grayscale Bitcoin Trust: 506,000 Bitcoins or $8.2 billion acquired

Grayscale Bitcoin Trust: Cryptocurrency Investment Company

Grayscale Bitcoin Trust: How does it work?

Digital Currency Group: support and acquire crypto companies like Luno

Grayscale Bitcoin Trust: an SEC reporting company in 2020

Grayscale: 500,000 Bitcoins in reserve

Grayscale holds 506,000 Bitcoin for a total of $8.2 billion

Grayscale Bitcoin Trust: Cryptocurrency Investment Company

Founded in 2013 by Barry Silbert, who is also the founder and CEO of the Digital Currency Group (DCG), Grayscale Bitcoin Trust is sponsored by Grayscale Investments, one of the world’s largest digital currency asset managers.

Grayscale Bitcoin Trust: How does it work?

The company requires a minimum investment of $50,000 and applies an annual rate of 2.0% that accumulates daily. Subsequently, Grayscale lists the fund on public stock exchanges, which means that anyone can trade shares in it.

Digital Currency Group: support and acquire crypto companies like Luno

Based in New York City, Digital Currency Group (DCG) is a venture capital firm focused on the digital currency market and so far has supported approximately 160 blockchain and crypto companies such as Luno, Ripple, Coindesk, Circle, Kraken and many others.

Source: Digital Currency Group website

Grayscale Bitcoin Trust: an SEC reporting company in 2020

On January 21, 2020, GBT became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to obtain SEC reporting company status.

Grayscale: 500,000 Bitcoins in reserve

As of November 16, 2020, Grayscale’s Bitcoin Trust holds more than 500,000 Bitcoins, valued at more than $8.3 billion, in its Bitcoin Trust.

Grayscale Bitcoin Trust Tweet

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