Maxim Group Bids $1.7M for GBTC Shares
Investors are increasing the pressure to acquire shares of the Bitcoin Investment Trust (GBTC) with a bid for 50,000 at $35 per share by the Maxim Group. Self-described as a full-service investment bank and wealth management firm, Maxim has taken the most aggressive approach as of yet to get investors in GBTC to sell their shares. In the beginning of....
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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....
It has been a long time coming, but as of this morning, the publicly traded shares of the Bitcoin Investment Trust have officially started trading under the ticker GBTC. For the first time in bitcoin's history, bitcoin can now be bought and sold on the public markets. For the past few weeks, there have been multiple bids placed for shares of GBTC, including one by Maxim Capital for 50,000 shares at $35.00/share. However, there hadn't been any asks, or offers to sell shares. KGA Americas was the first to place a $44.00 ask for 298 shares of GBTC, which is the equivalent to 29.8 bitcoin at....
An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC shares to illustrate the extent of the problem, the anonymous group posits that Blockfi faces a loss of $232 million. Anonymous Group Alleges Blockfi Insolvency Threat According to a statement posted on the anonymous group’s website, Blockfi, which is promising its investors an annualized....
The marketplace– named “MaximNFT”– will include exclusive NFTs sold by Maxim. Men’s lifestyle magazine Maxim is launching an NFT marketplace MaximNFT.com, with the help of blockchain R&D lab xSigma Corporation– a subsidiary of Nasdaq listed company ZK International. Maxim Enters the NFT Space News of the partnership was unveiled in a press release from ZK […]
Digital Currency Group has purchased a total of $194 million worth of GBTC shares so far. Digital Currency Group, the parent company of digital asset manager Grayscale Investments, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust.The company announced Monday that DCG increased its prior authorization to buy up to $250 million worth of GBTC shares by an extra $500 million.The share purchase authorization does not obligate DCG to acquire any certain amount of shares in any period, and it may be expanded, modified or discontinued at any time, DCG....