Grayscale Trust (BCH), a digital currency investment product, has issued 461,300 new shares to accredited investors, as reported on Tuesday. These shares were sold at varying prices, determined by the Trust’s Net Asset Value (NAV) per Share, resulting in an aggregate of approximately $1.75 million or 3,888.15800205 Bitcoin Cash (BCH).
The transactions were conducted privately, exempt from registration under the Securities Act pursuant to Rule 506(c) of Regulation D. Grayscale Securities, LLC functioned as the Authorized Participant in these transactions. Following this sale, the Trust now has a total of 46,421,000 shares issued and outstanding as of today.
The above news is based on an SEC filing.
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