Topic: GBTC Bitcoin Investment Trust Observer - page 109. (Read 262357 times)
OP updated. 1kXBT bought on 25 Nov.
Max Keiser interviews Second Market's Barry Silbert:
http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s
He says he bought in years ago. I wonder if he's another of the Bitcoin rich.
http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s
He says he bought in years ago. I wonder if he's another of the Bitcoin rich.
I think he is just one of the merely rich.
Max Keiser interviews Second Market's Barry Silbert:
http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s
He says he bought in years ago. I wonder if he's another of the Bitcoin rich.
http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s
He says he bought in years ago. I wonder if he's another of the Bitcoin rich.
Anyone know how they calculate Net Asset Value? On the site it says it explained in th private placement memorandum, which you need an account to see.
Typically with ETFs the net asset value is equal to the total value of the fund divided by the number of outstanding and issued shares. Second Market bitcoin invenstment trust issue shares called "BIT's", and 1 BIT share is equal to .1 BTC. Therefore the fund has 590,140 shares issued and outstanding, with total value of $41.9 million, with a $71 NAV
oh, then it makes more sense. I don't see the point of buying "shares" of Secondmarket when you could buy actual bitcoin, but whatever works.
I think buying shares opens it up to tax-free retirement accounts.
So wtf is an XBT and how is it influencing the price of BTC?
XBT = BTC
just different naming
oh, then it makes more sense. I don't see the point of buying "shares" of Secondmarket when you could buy actual bitcoin, but whatever works.
So wtf is an XBT and how is it influencing the price of BTC?
XBT = BTC
just different naming
So wtf is an XBT and how is it influencing the price of BTC?
the timing is big with this one...
respect, mr silbert.
OP updated. BIT bought 3000XBT yesterday
Not good with paint, but I guess you get my point.
Is QKOS related to second market?
Not good with paint, but I guess you get my point.
Is this their address? And why was most of it just moved?
obviously not. This address has been in use since 2012
Is this their address? And why was most of it just moved?
One more data point identified. So they bought about 20000XBT in the last 2 weeks
Or about half of all mining production....very interesting.
If that isn't a demand indicator I don't know what is.
so it has the same effect as a halving !?
Interesting thread. Thanks for the info.
OP update. About 2300XBT was bought in the past 3 days
One more data point identified. So they bought about 20000XBT in the last 2 weeks
Or about half of all mining production....very interesting.
If that isn't a demand indicator I don't know what is.
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