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