According to its new SEC filing, financial services company Rothschild Investment Corporation now holds 30,454 shares of Grayscale Bitcoin Trust (GBTC) that allows institutional investors to get exposure to the world's largest cryptocurrency without directly owning it.
Advertisement
Advertisement
This represents a 24 percent increase from October when the crypto king was trading well below $20,000.
No ties to the famous banking family
Founded by Monroe Rothschild in 1908, Rothschild Investment Corporation has been around for several generations of entrepreneurs.
The Chicago-based investment management firm first disclosed its exposure to Bitcoin back in mid-2017. It started off with a relatively modest investment of 539 GBTC shares that were worth only $200,000.
Mon, 01/25/2021 - 17:23
Bank of England Governor Doesn't Think Cryptocurrencies Are Lasting
Crypto Market Prediction: Bitcoin (BTC) ATH Is Nothing, XRP Begins $5 Run, Shiba Inu (SHIB) No Choice at $0.000013
Coinbase CEO Recalls When You Could Buy 1,309 Bitcoins for $1
Morning Crypto Report: Satoshi Net Worth Exceeds $136,288,000,000 as Bitcoin Hits All-Time High, Is Vitalik Buterin and Ethereum Next? Zcash (ZEC) Finds New Life
Satoshi Bitcoin White Paper Clocks 17 Years This Month: Email That Started It All
Dan Burgin
Vladislav Sopov
U.Today Editorial Team