As of December 6th, 2017, GBTC owns approximately 173,013 bitcoins.
This number was calculated using the following formula:
((Total Shares Outstanding – Treasury Shares) * Price per Share) / Bitcoin Price
NOTE: WARNING: Investing in Bitcoin (BTC) may be extremely risky and could result in financial losses. Additionally, the Grayscale Bitcoin Trust (GBTC) is a private trust and does not provide full disclosure about how much Bitcoin it owns. As such, it is impossible to know how much Bitcoin GBTC actually holds. Therefore, investors should exercise extreme caution when considering investing in GBTC or any other investment related to BTC.
Where:
Total Shares Outstanding is the number of shares of GBTC that are currently available for trading.
Treasury Shares are the number of shares of GBTC that are held by the company and are not available for trading.
Price per Share is the most recent price of a share of GBTC.
Bitcoin Price is the most recent price of a bitcoin. .
GBTC is a trust that was created by Grayscale Investments. The trust holds bitcoins on behalf of investors and allows investors to buy and sell shares of the trust.
The trust is one of the largest holders of bitcoins, and as such, its ownership stake provides some insight into how much bitcoin is held by institutions.
10 Related Question Answers Found
As of December 6, 2017, GBTC owned 174,000 bitcoins. As the first and largest bitcoin investment trust, GBTC has been the go-to for many institutional and retail investors who want to get exposure to bitcoin without actually owning the underlying asset. GBTC is a trust that owns Bitcoin and sells shares of it to investors.
When it comes to Bitcoin, there is no such thing as too much information. The more you know, the better off you will be when it comes to making money with this digital currency. So, how much is Bitcoin 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.
As of late 2017, GBTC was the largest bitcoin ETF by assets under management and the only one available to trade on a major U.S. stock exchange.4 The fund’s objective is for the NAV to track the market price of bitcoin, less fees and expenses. The fund holds actual bitcoins—not futures contracts or other derivatives—and is fully invested in bitcoin.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is a new kind of asset and, as such, it is not surprising that its price would be volatile. However, the degree to which it has been volatile, and the reasons for that volatility, are not well understood. In particular, there is a common misconception that the price of Bitcoin is primarily driven by speculation.
GBTC is a trust that owns Bitcoin and sells shares of that trust to investors. GBTC is thus a vehicle for holding Bitcoin that is tradeable on traditional markets. You can redeem GBTC for Bitcoin, but there may be a premium attached to the redemption depending on market conditions. .
When it comes to Bitcoin, there are a lot of different ways to skin the cat. You can buy Bitcoin, you can mine Bitcoin, or you can trade Bitcoin. But what if you want to invest in Bitcoin without actually buying or selling any Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is the world’s first and most well-known cryptocurrency, with millions of people around the world using it to buy and sell goods and services. GBTC is a fund that allows investors to gain exposure to Bitcoin without having to buy or store the underlying asset. GBTC is traded on the stock market, and its price is based on the price of Bitcoin.
