Grayscale Bitcoin Trust ETF GBTC

Grayscale Bitcoin Trust (the Trust) is an investment vehicle. The Trust's purpose is to hold Bitcoins, which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin network, a decentralized network of computers that operates on cryptographic protocols. Its investment objective is for the value of the shares (based on Bitcoin per Share) to reflect the value of Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities. The Trust's activities include issuing Baskets in exchange for Bitcoins transferred to the Trust; transferring or selling Bitcoins, Incidental Rights and IR Virtual Currency; transferring Bitcoins in exchange for Baskets surrendered for redemption; causing the Sponsor to sell Bitcoins, Incidental Rights and IR Virtual Currency on the termination of the Trust; and making distributions of Incidental Rights and/or IR Virtual Currency or cash from the sale thereof.

ARCA:GBTC - Post by User

Grayscale Bitcoin Trust ETF > 1 hr ago just reported 2577 btc buy

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Comment by insidersnoop1on Dec 05, 2020 12:33pm

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RE:RE:1 hr ago just reported 2577 btc buy

18 hours ago by Thomson Reuters

Dec 4 (Reuters) - MicroStrategy Inc:

* MICROSTRATEGY INC - ON DECEMBER 4, PURCHASED APPROXIMATELY 2,574 BITCOINS FOR $50.0 MILLION IN CASH

* MICROSTRATEGY INC - AS OF DECEMBER 4, CO HOLDS ABOUT 40,824 BITCOINS THAT WERE ACQUIRED AT AN AGGREGATE PURCHASE PRICE OF $475.0 MILLION Source: [ID:https://bit.ly/36IEuJW] Further company coverage:

P/E (price/earnings) ratio for MSTR (MicroStratagy on Nasdaq) = 2,869.9

P/E (price/earnings) ratio for SPY (SP500 on New York Stock Exchange) = 27.2

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