Replies to post #131346 on DD Support Board and Research Team

[Monksdream]

I read that, and it is no surprise. They can't hide. People who know what they're doing can read a tape.

Meanwhile, I've researched Grayscale Bitcoin Investment Trust (GBTC) a bit more.

Shares authorized...99,999,999,999

Shares outstanding...1,916,700

Restricted shares...175,405

Unrestricted shares...1,741,295

Float...1,631,259

Business Description
Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT's sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group.

Each BIT share represented ownership of 0.1 bitcoins initially. The trust will not generate any income and regularly sells/distributes bitcoins to pay for its ongoing expenses. Therefore, the amount of bitcoin represented by each share gradually declines over time.

By almost any other definition, this is a wasting asset, no different from a used car.