GBTC Bitcoin Investment Trust Observer

[600watt]

See the first post.

sry, just woke up after 5 hrs sleep. thx for the good work.

i agree with you on the importance of mr silberts fund.

[1713869138]

1713869138

[jl2012]

Largest XBT acquisition since the top.

There could be some rounding error and overestimate of 300XBT. But still, it's not bad

[DPoS]

I keep getting shouted down for mentioning that people are going to buy gifts rather than bitcoins at Christmas-time.  Go figure.

huh?  no one here has friends or remember their family...  or which way to get outside....

[wachtwoord]

How is it possible that there is a negative number for Bitcoins bought on the first page? I thought selling wouldn't be possible before ~March.

[jl2012]

How is it possible that there is a negative number for Bitcoins bought on the first page? I thought selling wouldn't be possible before ~March.

Since they do not publish enough decimal places, there could be rounding error of hundreds of coins.

[chriswilmer]

Just wanted to say... this is a really great observer thread. It seems much more meaningful to track BIT investments that typical buys on currrency exchanges... because you know they aren't temporary (no selling until March 2014).

[DaSheep]

The most mindblowing fact:
They have "only" 90 Investors according to Bloomberg

There is still so much room for growth 

[GigaCoin]

great thread, gives confidence that Bitcoin not gonna see $400 again with all that money pumping in.

[2_Thumbs_Up]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

[Bugpowder]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Whoa.  Where does it say how many coins they hold?  I see only see NAV and assets in $ terms.  There are two possibilities... One, they just got a huge cash deposit and they have not yet purchased the coins with them.  Or they bought a bunch of coins in an OTC transaction that went thru a different receiving address.  Or its a typo (unlikely I would think).

[jl2012]

about 310XBT bought with 220k$

[jl2012]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

[Bugpowder]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

[jl2012]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9   M$. I think that was a typo

[Bugpowder]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9   M$. I think that was a typo

I still see $68.4M, even on a fresh computer's browser.

[jl2012]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9   M$. I think that was a typo

I still see $68.4M, even on a fresh computer's browser.

I think you are looking at: http://www.bitcointrust.co/

I am looking at this one: https://www.secondmarket.com/company/bitcoin-investment-trust

I believe the latter one is accurate

[Bugpowder]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9   M$. I think that was a typo

I still see $68.4M, even on a fresh computer's browser.

I think you are looking at: http://www.bitcointrust.co/

I am looking at this one: https://www.secondmarket.com/company/bitcoin-investment-trust

I believe the latter one is accurate

Ah!  Thanks...

[2_Thumbs_Up]

So according to their website, as of the 17th they now have 98.000+ coins. That's got to be a typo right?

They say they have net assets of $68.4 million right now. If they meant $48.4 million instead they only bought about 1000 coins, and that number seem far more reasonable than 30.000 coins+ in 24h.

Where do you find the 98000+ figure?

I assume he is just doing the math of $68.4MM / $69.66 = 98,000BTC

Does anyone have the private placement offering literature so we can learn how the NAV and Net Assets are calculated?

It is now shown as 47.9   M$. I think that was a typo

I still see $68.4M, even on a fresh computer's browser.

I think you are looking at: http://www.bitcointrust.co/

I am looking at this one: https://www.secondmarket.com/company/bitcoin-investment-trust

I believe the latter one is accurate

Ah!  Thanks...

I did indeed just do the math from the numbers found at the bitcointrust.co web page.

The numbers on the two pages seem to differ a bit regularly. I've done the math from the bitcointrust page multiple times before the numbers were posted in this thread, and my results have differed from the results posted here by a few 100 coins sometimes. This case was obviously just a typo, but I wonder why the pages have given slightly different results at other times though.

[2_Thumbs_Up]

870 bought.

[jl2012]

870XBT bought with 540k$