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Grayscale’s Bitcoin Trust Reported A Massive Increase In Issued Shares Between Q1 and Q2
Summary: In a document filed to U.S. Securities and Exchange Commission, Grayscale Bitcoin Trust reported a massive increase in the number of issued shares from Q1 to Q2. According to the document, 87 million shares issued in Q2 2020, while a total of 133 million shares issued for all of 2020. Grayscale issued 90% more shares ...
In a document filed to U.S. Securities and Exchange Commission, Grayscale Bitcoin Trust reported a massive increase in the number of issued shares from Q1 to Q2.
According to the document, 87 million shares issued in Q2 2020, while a total of 133 million shares issued for all of 2020. Grayscale issued 90% more shares in Q2 compared to Q1. The trust now has $3.5 billion net assets, with Q2’s increase accounting for $1.6 billion. The appreciation of bitcoin price contributed nearly 50% of the growth.
Grayscale Bitcoin Trust is an investment tool that aims to enable investors to gain exposure to bitcoin through traditional investment vehicles. The trading volume now significantly exceeds its net asset value, indicating investors are overpaying to be exposed to bitcoin.
By Lily Yang
Tags: Bitcoin,Grayscale
Link: Grayscale’s Bitcoin Trust Reported A Massive Increase In Issued Shares Between Q1 and Q2 [Copy]
