[ghak99]

Originally Posted by Hog's Gone Fishin

Just a reminder,

7:57 PM ET 1/11/18 | Dow Jones
RELATED QUOTES


10:48 AM ET 1/18/18
Symbol Last % Chg
GBTC
1,845 12.78%
Real time quote.

By Maria Armental

Grayscale Investments LLC, a unit of Barry Silbert's Digital Currency Group Inc., is making another move for retail investors: a 91-for-1 stock split of Bitcoin Investment Trust's stock.

With the split, shareholders of record as of Jan. 22 would receive 90 additional shares on Jan. 26 for each share held.

The stock, which trades over the counter under the ticker GBTC, closed Thursday at $1,708.01.

While splits don't change a company's value, they tend to generate interest in the stock as the lower price makes it more attractive to a larger group of investors, driving up the value.

Grayscale Investments last year filed--and later withdrew--an application with the Securities and Exchange Commission to launch a bitcoin exchange-traded fund. An ETF on a U.S. exchange would offer investors a way to bet on the cryptocurrency through their existing brokerage accounts.

Bitcoin, backed by algorithms rather than pledges from national governments, has so far remained a niche product. It was trading Thursday at $12,948.01, according to Coindesk.

Are you playing this long or short?

I have to keep pretty liquid in the next few months, but this seems interesting.