Grayscale Portfolio 2022

What is Grayscale Bitcoin Trust?

The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell on their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to obtain SEC reporting company status. This will allow accredited investors who purchased shares in the Trust's private placement to have an early liquidity opportunity, as the statutory retention period for private placement shares would be reduced from 12 months to 6 months in accordance with SEC rules.

Grayscale Portfolio

The Grayscale Bitcoin Trust was first established in 2013 by Barry Silbert, who is also the founder and CEO of Digital Currency Group (DCG), a bitcoin and blockchain investment firm that has invested in many popular companies such as Ripple, Coinbase, Coindesk, Circle, Kraken and Chainalysis. Grayscale Bitcoin Trust is sponsored by Grayscale Investments, LLC (Grayscale), which is one of the largest asset managers of digital currency in the world. GBTC is a Bitcoin investment fund exclusively invested in the cryptocurrency. Through GBTC, you can buy, hold and sell Bitcoin shares in a similar way to stocks, without worrying about the complex operations that can come with owning the real cryptocurrency.