GBTC Bitcoin Investment Trust Observer - page 104.

Bugpowder

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Quote from: jl2012 on December 17, 2013, 09:51:08 PM

Quote from: Bugpowder on December 17, 2013, 09:43:35 PM

Quote from: jl2012 on December 17, 2013, 09:37:23 PM

Quote from: 2_Thumbs_Up on December 17, 2013, 05:43:09 PM

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9 M$. I think that was a typo

I still see $68.4M, even on a fresh computer's browser.

jl2012

legendary

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Quote from: Bugpowder on December 17, 2013, 09:43:35 PM

Quote from: jl2012 on December 17, 2013, 09:37:23 PM

Quote from: 2_Thumbs_Up on December 17, 2013, 05:43:09 PM

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9 M$. I think that was a typo

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: jl2012 on December 17, 2013, 09:37:23 PM

Quote from: 2_Thumbs_Up on December 17, 2013, 05:43:09 PM

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: 2_Thumbs_Up on December 17, 2013, 05:43:09 PM

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

jl2012

legendary

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Merit: 1111

about 310XBT bought with 220k$

Bugpowder

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Activity: 394

Merit: 250

Quote from: 2_Thumbs_Up on December 17, 2013, 05:43:09 PM

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Whoa. Where does it say how many coins they hold? I see only see NAV and assets in $ terms. There are two possibilities... One, they just got a huge cash deposit and they have not yet purchased the coins with them. Or they bought a bunch of coins in an OTC transaction that went thru a different receiving address. Or its a typo (unlikely I would think).

2_Thumbs_Up

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So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

GigaCoin

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Giga

great thread, gives confidence that Bitcoin not gonna see $400 again with all that money pumping in.

DaSheep

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The most mindblowing fact:
They have "only" 90 Investors according to Bloomberg

There is still so much room for growth Shocked

chriswilmer

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Just wanted to say... this is a really great observer thread. It seems much more meaningful to track BIT investments that typical buys on currrency exchanges... because you know they aren't temporary (no selling until March 2014).

jl2012

legendary

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Quote from: wachtwoord on December 17, 2013, 04:13:26 AM

How is it possible that there is a negative number for Bitcoins bought on the first page? I thought selling wouldn't be possible before ~March.

Since they do not publish enough decimal places, there could be rounding error of hundreds of coins.

wachtwoord

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How is it possible that there is a negative number for Bitcoins bought on the first page? I thought selling wouldn't be possible before ~March.

DPoS

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Quote from: BitchicksHusband on December 12, 2013, 03:52:22 PM

I keep getting shouted down for mentioning that people are going to buy gifts rather than bitcoins at Christmas-time. Go figure.

huh? no one here has friends or remember their family... or which way to get outside....

jl2012

legendary

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Quote from: Pruden on December 17, 2013, 03:01:00 AM

Largest XBT acquisition since the top.

There could be some rounding error and overestimate of 300XBT. But still, it's not bad

600watt

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Quote from: Pruden on December 17, 2013, 03:07:01 AM

See the first post.

sry, just woke up after 5 hrs sleep. thx for the good work.

i agree with you on the importance of mr silberts fund.

Pruden

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Spanish Bitcoin trader

See the first post.

600watt

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Quote from: Pruden on December 17, 2013, 03:01:00 AM

Largest XBT acquisition since the top. I think the importance of this fund is being underestimated. The fact that it keeps going strong is why I don't think there will be any bear market for more than 30, maybe 45 days.

how large ?

Pruden

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Spanish Bitcoin trader

Largest XBT acquisition since the top. I think the importance of this fund is being underestimated. The fact that it keeps going strong is why I don't think there will be any bear market for more than 30, maybe 45 days.

mb300sd

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