NEW YORK, April 2, 2018 /PRNewswire/ --
Grayscale Investments, LLC, in its role as agent (the "Agent") of the shareholders of record as of December 4, 2017 (the "Record Date Shareholders") of Bitcoin Investment Trust (GBTC) (the "Trust"), announced today that, on behalf of the Record Date Shareholders, it has completed the liquidation of approximately 172,244 Bitcoin Gold tokens, the rights to which were distributed to the Record Date Shareholders on December 4, 2017.
On December 4, 2017, pursuant to the terms of the Trust Agreement governing the Trust, the Trust, acting on behalf of the Record Date Shareholders, appointed the Agent and distributed all of the rights to Bitcoin Gold tokens then held by the Trust to the Record Date Shareholders by transferring such rights to the Agent.
On March 14, 2018, the Bitcoin Gold tokens became accessible to the Agent. On behalf of the Record Date Shareholders, the Agent subsequently exercised the rights it held with respect to the Bitcoin Gold tokens and liquidated the Bitcoin Gold tokens over a period of 14 days.
In connection with the foregoing, the Agent will remit the cash proceeds from the liquidation of the Bitcoin Gold tokens, net of the administrative and other expenses incurred by the Agent in connection with the liquidation, to the Record Date Shareholders on April 3, 2018. Each Record Date Shareholder will receive $0.056478 per share.
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WasTriffin ..
Good to hear it finally happened. I think the BCH dividend, pre-split, was something like $113 per share. This, for comparison, would have been ~$5.14 per share, pre-split. That's about a 4.54% ratio, a little less than the current 6.63% BTG to BCH ratio.
