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Coin Edition

2022-12-19 15:31:00

Grayscale Contemplates Refunding Shareholders 20% of its $10B Value

Grayscale Contemplates Refunding Shareholders 20% of its $10B Value

The publicly traded investment vehicle, Grayscale Bitcoin Trust (GBTC), is contemplating new options to refund shareholders’ capital if it fails to transform into an exchange-traded fund (ETF). According to Wall Street Journal, GBTC CEO Michael Sonnenshein wrote to inventors that these options could include a tender offer for up to 20% of the outstanding shares The post Grayscale Contemplates Refunding Shareholders 20% of its $10B Value appeared first on Coin Edition .

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