Everyone from batch 2 paid with BTC. So you offer about 64BTC for something that was paid between 56-75BTC. I hope you understand no one will sale you one at this price.
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it... Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They have been acquiring BTC over the last 6-9 months or even earlier, but they wouldn't say their entry price. I'm fairly certain that their average is sub-$15. This is just the first time they've talked about it for a formal announcement. The $3.2 million is an estimate based on current BTC assets of 80,000 at $40:1 BTC exchange rate.
A hedgefund is gambling? Shouldn't they normally try to be "risk-neutral" and go for the safe buck?
Could somebody explain what this fund is doing in simple words? They took 2M5€ and bought Bitcoin with it? That cannot be it... Basically IMHO they would have to act as kind of pass-trough for Bitcoin buying and selling. Any details available? When is (or did) their money gonna hit the exchange(s)?
They will act as a regulated, intuitive and safe proxy for rich investors to buy bitcoins. Bought bitcoins will be stored in a TrueCrypt container.
Why use an online password manager when you can use http://keepass.info (Open source and free) and backup the encrypted password database on DropBox or GoogleDrive?