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22 April 2021

GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution – Markets and Prices Bitcoin News

GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution – Markets and Prices Bitcoin News


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A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares.

According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV).” This, in turn, offers stockholders confidence “in the sponsor’s ability to manage the fund’s discount.”.

Despite GBTC’s competitive advantage as the world’s largest bitcoin fund, GBTC shares continue to trade “at a significant discount to NAV.” According to Marlton Partners, this discount on NAV “currently represents over $3.1 billion in lost value to trust stockholders.”.

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