Bitcoin Investment Trust will sell 173k BCC coins

Grayscale Investments, the sponsor of the Bitcoin Investment Trust (BIT), announced a distribution of Bitcoin Cash to their holders of 1,868,700 share
27 October 2017   2915

The investment company Grayscale Investments, standing behind the Bitcoin Investment Trust, announced the sale of 1,868,700 shares denominated in Bitcoin Cash and the further distribution of the funds received among the company's shareholders. This is reported by the TrustNodes.

At the time of announcement, the shares were valued at 0.09258535 BCH, which together is equivalent to 173 014 BCH or $ 57 786 676.

Distribution of funds among shareholders will begin on November 6, 2017 and will last no more than 90 days. Bitcoin Investment Trust will assign commission and administrative expenses to shareholders.

How exactly Grayscale Investments plans to sell Bitcoin Cash, however, is not specified. As stated in the statement of the company Barry Silbert, "Bitcoin Cash is currently traded on many sites."

Bitcoin Cash Price

At the moment of press, average BCC price is $353.41.

Bitcoin Cash price chart
Bitcoin Cash price chart

Bitcoin Cash marketcap is $5,910,443,986  and 24h volume is $335,775,000. 

HTC Exodus 1 Smartphone to Start BCH Support

"Blockchain" smartphone supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens and can be bought both for fiat and crypto, worth $699
17 September 2019   403

Taiwanese electronics manufacturer HTC has added support for Bitcoin Cash to the EXODUS 1 blockchain smartphone, the press release said.

In partnership with Bitcoin.com, the company integrated a pre-installed BCH wallet into the updated software of the gadget.

Smartphone users will be able to store keys and carry out transactions with Bitcoin Cash through a Zion Vault wallet operating in a trusted execution environment (TEE).

The partnership also provides for the sale of EXODUS 1 and later through the Bitcoin.com online store.

EXODUS 1 supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens. The device sells for $ 699, you can pay for it with both cryptocurrencies and fiat money.