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Purpose Bitcoin CAD ETF Currency Hedged T.BTCC

Alternate Symbol(s):  T.BTCC.B | T.BTCC.U | PRBEF | PPBCF | T.BTCC.J

Purpose Bitcoin ETF (the Fund) seeks to buy and hold substantially all of its assets in the digital currency Bitcoin and seeks to provide unitholders of ETF units with the opportunity for long-term capital appreciation. To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin.


TSX:BTCC - Post by User

Post by BlueGuitar1on Mar 14, 2024 12:20am
210 Views
Post# 35931934

BTC News Mar 14

BTC News Mar 14Microstrategy closes USD$800 Million in convertible notes and raising another USD$500 Million.
Of course this is to buy BTC.

Coinbase raises USD $1 Billion to also buy BTC.

Looks like Microstrategy does not want to be out done by Blackrock!

Food for thought:
Blackrock owns 7% of Microstrategy.
Blackrock owns 4.36% of Coinbase
Blackrock owns 6.42% of Marathon (a BTC miner)
Vanguard owns more shares of Blackrock than Blackrock yet Vanguard didn't want any BTC ETFs.

Based on these numbers, the price of BTC is not going to stop. 
By Friday, we might see USD $75,000 and BTCC could  reach $15- $16 per share. 
I am now thinking that we can hit USD $250,000 for BTC by end of year.
I am still DCAing. 

Good luck everyone. 



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