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Grayscale Bitcoin Trust is currently open for daily subscription for private placement.
Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investor’s name, providing a familiar structure for gaining exposure to Bitcoin.
The details of investment vehicle: Shareholders following a one year holding period, who invest in the private placement may elect to sell their shares at prices dictated by the market under the symbol: GBTC.
Grayscale Investments is back in the business of private placement of Grayscale Bitcoin Trust (GBTC) shares on July 8th. Well, if anyone is interested to invest, the application process is available here. A private placement is a quite unique form of raising funds from a public issue in which securities are made available for sale on the open market to any type of investor.
The Grayscale Bitcoin Trust private placement is meant for the qualified investors as defined in Rule 501(a) of Regulation D under the Securities Act for the daily subscription, as per the announcement. As the private placement is offered during the course of the year, it is currently open for a stipulated timeframe.
A share of GBTC currently represents 0.00097876 Bitcoin, GBTC reportedly holds over $2.66 billion in assets under management, a notable uptick from just months previously, as per the announcement. Courtesy: Grayscale Investments
