{"id":30823,"date":"2020-10-28T11:09:25","date_gmt":"2020-10-28T09:09:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30823"},"modified":"2025-08-28T00:10:57","modified_gmt":"2025-08-27T21:10:57","slug":"blockfi-buys-5-07-of-grayscale-bitcoin-trust-shares-for-328-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-buys-5-07-of-grayscale-bitcoin-trust-shares-for-328-million\/","title":{"rendered":"BlockFi buys 5.07% of Grayscale Bitcoin Trust shares for $328 million"},"content":{"rendered":"<p>The crypto lending platform BlockFi acquired 5.07% of the Grayscale Bitcoin Trust (GBTC) shares. <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1588489\/000149315220019975\/sc13g.htm\" target=\"_blank\" rel=\"noopener noreferrer\">\u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f<\/a> in a report on the U.S. Securities and Exchange Commission (SEC) website.<!--more--><\/p>\n<p>According to the document, BlockFi owns more than 24.2 million GBTC shares, with a current market value of $328 million.<\/p>\n<p>According to BlockFi CEO Zac Prince, the purchase was made in the interests of the company&#8217;s clients.<\/p>\n<blockquote>\n<p>\u201cThere are lending markets related to this product. Our substantial involvement helps to increase its value for clients and the market for liquid and illiquid GBTC shares,\u201d he said.<\/p>\n<\/blockquote>\n<p>In the third quarter inflows into funds managed by Grayscale Investments <a href=\"https:\/\/u1f987.com\/en\/news\/grayscales-cryptocurrency-funds-pull-in-a-record-1-05-billion-in-q3\">totaled<\/a> $1.05 billion. The trust enables investors to access the market for the world&#39;s first cryptocurrency without needing to hold it directly.<\/p>\n<p>As of the end of October the value of Grayscale\u2019s crypto assets under management <a href=\"https:\/\/u1f987.com\/en\/news\/grayscales-crypto-assets-under-management-reach-6-5-billion\">reached<\/a> $6.5 billion.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow nopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto lending platform BlockFi acquired 5.07% of Grayscale Bitcoin Trust (GBTC) shares. The report on the U.S. Securities and Exchange Commission (SEC) website states this.<\/p>\n","protected":false},"author":1,"featured_media":30824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1436,943,1211],"class_list":["post-30823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockfi","tag-grayscale-investments","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30823"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30823\/revisions"}],"predecessor-version":[{"id":30825,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30823\/revisions\/30825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30824"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}