Replies to post #23146 on Grayscale Bitcoin Trust (GBTC)

[Amatuer17]

That is a very valid rationale.

Company has 7.25 million shares outstanding

Before they started investing in BTC, the total assets were $772 million which included $450 million cash

Tomorrow when the books close for 12/31 -@28,000 - their investment value will be approx $ 2.2 Billion

The maximum profit company made was $34 million and EPS was 3.35

With the net profit (on paper) from investment is approx $800 million - how can EPS be calculated?

The market cap for the co is $3.61 Billion.
With this much investment profit what should be the share price and/or market cap? Will they book profit by selling some BTC and give big dividend to SH?