Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply- | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply-Discounted Bitcoin Trust
Grayscale's flagship offering gives more traditional investors an easy way to gain exposure to Bitcoin without needing to buy or hold Bitcoin themselves. In June, Grayscale filed a lawsuit against the SEC. If we are not successful in our legal challenge in all applicable courts–and we conclude there is no possibility of legislative or regulatory clarity that would allow for the conversion of GBTC to an ETF within a reasonable timeframe–we would explore other options to return a portion of GBTC’s capital to shareholders," wrote Grayscale CEO Michael Sonnenshein in a year-end letter to investors on Monday.
