Grayscale Investments is exploring options to return a portion | Symphony Confidential
Grayscale Investments is exploring options to return a portion of capital of its flagship GBTC product with an offer for up to 20% of outstanding GBTC shares, which are currently trading at a 49% discount to net asset value, if the SEC refuses to approve its spot bitcoin ETF
Those who don't know what a Tender Offer is. Reorg event where the shareholders are generally given two options to choose:
1)Tender - sell shares back to the company at a predetermined price or 2) Take no action
Started Symphony Confidential with one simple mission to educate people and build fundamental research channel focused exclusively on crypto. _____. @symphonyconfidential...
