/biz/ - Business & Finance

I'm gonna spoon feed you fags
a) read this
https://grayscale.co/wp-content/uploads/2020/04/Q1_REPORT_2020.pdf
Their q1 report shows this
>Largest Quarterly Raise in Grayscale History: Grayscale raised $503.7 million in 1Q20, nearly double the previous quarterly high of $254.8 million in 3Q19. New investors accounted for $160.1 million in inflows. Grayscale Bitcoin Trust and Grayscale Ethereum Trust both experienced record quarterly inflows of $388.9 million and $110.0 million, respectively.
>AssetInvestment Report In 1Q20, inflows to Grayscale Bitcoin Trust hit $388.9 million, the highest level we’ve seen in a single quarter, surpassing the previous high of $193.8 million raised in 4Q19
So yeah, last quarter bulls are back in town like they never been. They are ready to swing their dicks and fuck you cucks. Imagine the biggest black dicks you can imagine, imagine your waifu, mom, husband, sister getting fucked by a big juicy bbc and he’s all sweaty, he just wants you to keep listen to him fucking your precious conscience. That's greyscale. And they are horny.
Now, what is greyscale
>One key thing to remember when considering buying shares in Grayscale Bitcoin Trust is that it's not a true common stock. Stocks are shares in a company, while GBTC shareholders own part of an open-ended grantor trust.
>Grantor trusts are required to hold a fixed portfolio, rather than a variable one. Such trusts often hold physical commodities and currencies. In this case, GBTC is a trust that only holds Bitcoin.
Well, and how much is their shares being traded TODAY:
>9,62$
Interesting, and what is the btc pegging to that share
>According to Grayscale's website, each share represents 0.00096524 bitcoins.
hmm but btc today is being traded at 8542
>8542x0.00096524=8,2
>9,2/8,2-1=12%
These motherfuckers are selling btc price at +12% and everyone is crazy bullish, what do they know?????