- The private placement of Grayscale Bitcoin Trust (GBTC) shares as part of Grayscale Investments will continue for investors.
- It is designed for investors to put their money into Bitcoin (BTC) via traditional investment structures.
Grayscale Investments is continuing with its private placement of Grayscale Bitcoin Trust (GBTC) shares, as confirmed via an official company press release.
The private placement of GBTC shares is offered periodically to accredited investors — which is defined in: Rule 501(a) of Regulation D under the Securities Act — for daily subscription.
Further within the report, it notes that the GBTC shares are purportedly designed to allow investors monies be put into bitcoin (BTC) via a traditional investment structure. The shares are intended to correlate closely in value to BTC, but they are shares held in an investor’s name rather than the cryptocurrency itself.
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