BUY ORDERS IN THE MILLIONS FOR BITCOIN INVESTMENT TRUST (GBTC)

GBTC is the listed stock for the Bitcoin Investment Trust (BIT) that many people in and outside the bitcoin sector have been eagerly waiting for. The other day it was brought to the attention of r/bitcoin that bids for GBTC shares are starting to get a little bit more serious.
GBTC shares trade at the value of 1 GBTC share equals approximately 0.1 bitcoin, with a minimum bid of 100 shares, making the minimum bid possible ten bitcoins.
Maxim Group LLC (MAXM), an Investment Banking, Securities and Wealth Management business, had put down a bid for 50,000 GBTC shares at the value of $35 per share. This bid equates to a buy order of 5,000 bitcoins at the value of $350, for those who are more familiar with digital currency exchange terminology.

This post was published at Crypto Coins News on 29/04/2015.

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