Jun 25, · Updated Jun 25, Investing in bitcoin derivatives has become easier for individual investors after Bitcoin Investment Trust (GBTC) announced a for-1 stock split . Bitcoin Investment Trust Announces Stock Split NEW YORK, Jan. 11, /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX: GBTC) (the "Trust"), announced that it has today declared a for-1 stock split of the Trust's issued and outstanding shares. As bitcoin alternatives blossom, Bitcoin Investment Trust is splitting its stock to make its shares more accessible to smaller investors.
Bitcoin investment trust share splitThe Bitcoin Investment Trust’s Stock Is Splitting: Here's What You Need to Know | The Motley Fool
The stock split will be effected on January 26, to shareholders of record as of the close of business on January 22, Based on 1,, shares of the Trust issued and outstanding as of the date of this press release, immediately after effectiveness of the stock split on January 26, , the Trust would have ,, shares outstanding. The Trust may create new shares after the date of this press release and up through the record date.
After the close of business on the record date, the Trust will announce the total number of shares that will be issued and outstanding immediately after effectiveness of the stock split on January 26, , which will give effect to any such new shares created after the date of this press release and up through the record date.
Shareholders are not required to take any action to receive the shares in connection with the stock split and they will not be required to surrender or exchange their shares in the Trust. Shareholders are not required to take any action to receive the shares in connection with the stock split and they will not be required to surrender or exchange their shares in the Trust.
The transfer agent will automatically issue the new shares in the stock split. If shares are held by a bank, broker or other nominee, stockholders should contact that institution directly. Shareholders contemplating a transaction in the Trust's shares between the record date and payment date should consult a broker regarding their entitlement to the split shares. Start posting your company's news.
You are Guest on WEB9. It is unclear whether he owns other bitcoin forks. Your Money. Personal Finance. Your Practice. Popular Courses. Company News Guide to Company Earnings.
News Company News. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles.