2013-07-01 20 Million IPO Of Their ‘Bitcoin Trust’

[gweedo]

http://techcrunch.com/2013/07/01/cameron-and-tyler-winklevoss-file-for-20-million-ipo-of-their-bitcoin-trust/

Buckle up, people: We might be closer than ever to our first official Bitcoin IPO.

It was just a couple months back that it emerged that Winklevoss Capital, the investment firm/family trust founded by Cameron and Tyler Winklevoss (of early Facebook fame), had bought up approximately one percent of all the outstanding quantity of Bitcoins, the alternative digital currency — a portion that was then worth around $11 million. The firm has gone on to invest in startups that deal exclusively in the Bitcoin space, such as Bitinstant.

This is insane! And amazing, time to hold.

[BitChick]

I suppose the Winklevii are doing this primarily to get the funds to support all of the ideas they have for building better Bitcoin services?  Not a bad idea.  We should be especially grateful that they are doing this and not just selling off their coin to get the funding they need.  It is brilliant really.  They will bring in more investors that would not necessarilly invest otherwise.  They get the money needed without damaging the value of the bitcoin they already have and if anything, help boost the value. 

All that said, I agree.  People should be holding and not selling.