Assets, Bitcoin

How Many Bitcoin Shares Are There in GBTC?

As of September 2019, GBTC is the largest Bitcoin investment trust with a market capitalization of $2.8 billion.

The trust holds approximately 173,000 Bitcoin, which is equivalent to 1% of the total supply. GBTC is available for trade on the over-the-counter (OTC) market and trades at a premium to the underlying value of Bitcoin.

The trust’s sponsor is Grayscale Investments, LLC, a digital currency asset manager. Grayscale Investments is a wholly-owned subsidiary of Digital Currency Group, Inc.

, which also owns CoinDesk.

GBTC was one of the first Bitcoin investment vehicles to be available to investors and is the only one that is traded on a major stock exchange (OTCQX: GBTC).

NOTE: This article provides information about the number of Bitcoin shares available in the Grayscale Bitcoin Trust (GBTC). However, it is important to remember that the value of a Bitcoin share can change rapidly due to market volatility. Investing in Bitcoin shares carries a high degree of risk and may result in losses. Before investing, please ensure that you fully understand the risks associated with cryptocurrency investments and consult a qualified financial advisor if necessary.

The trust’s creation was announced in 2013 and it began trading on the OTCQX in 2015.

GBTC’s net asset value (NAV) is calculated by dividing the value of the trust’s Bitcoin holdings by the number of outstanding shares. The NAV per share is then multiplied by the number of shares outstanding to arrive at the market capitalization.

As of September 2019, there are approximately 173,000 Bitcoin held in GBTC, which equates to 1% of the total supply. The trust trades at a premium to its NAV, meaning that each share costs more than its underlying value in Bitcoin.

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