The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares. (Pro forma financial statements are projections of future expenses and revenues, based on a company’s past experience and future plans.)
ABOUT AUTHOR
CATEGORIES
- LUNC News: Terra Luna Classic Core Dev Reveals Major Update on Tax2Gas
- EFCC Opposes Bail as Detained Binance Exec Seeks Medical Care in Nigerian Money Laundering Trial
- XRP Unexpected Price Drop Wipes Millions in Volume
- Top Altcoins To Buy For 100% Upside In Short-term!
- TON Down 14% as Telegram CEO Pavel Durov Arrested in France
- Cardano (ADA) Price Reaches Crucial Bull Point: Details
- Telegram CEO Pavel Durov Arrested at Paris Airport; TON Coin Dips 17%