Bitcoin News

Rothschild Investment Corp is buying more Bitcoin, why aren’t you?

TL;DR Breakdown

  • Rothschild Investment Corp doesn’t seem to care if the cryptocurrency prices are falling drastically.
  • Since the month of April, the corporation has increased its GBTC holdings by three times.
  • As of now, the corporation submitted a report to SEC, revealing that its GBTC shares are more than 150K.

Rothschild Investment Corp is one of the most successful investment corporations currently operating in the world. The billion-dollar firm seems to be a huge supporter of Bitcoin, as evident from its GBTC holdings.

In a recent report that Rothschild Investment Corp submitted to the SEC, it was revealed that the number of shares the organization owned went up by nearly 300 percent since April 2021.

Rothschild Investment Corp investing more in GBTC and ETHE.

Rothschild Investment Corp reported to the Securities and Exchange Commission of the United States that it currently holds a whopping 141,405 shares of the Grayscale Bitcoin Trust!

Not only do the firms hold the GBTC shares but, it also holds Grayscale Ethereum Trust. In the month of April, there were around 38,346 shares that the investment company was holding.

Bitcoin investment by the firm

One GBTC is estimated to be around 0.000939767 BTC, and this means that the amount of BTC that the company owns is around 132.8 BTC! This surge in the company’s portfolio, despite low prices, shows the unwavering belief of the firm in crypto.

Michael Sonnenshein claims that investors like himself have not secluded themselves to short-term gains, but they think more about the long-term possibilities of growth.

This post was last modified on November 6, 2021 1:35 pm

Parth Dubey

A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? I love cryptocurrencies.

Recent Posts

XRP vs Bitcoin: Who’s the Crypto King?

A guy goes by the Twitter handle of "Crypto King," but this post is not… Read More

December 3, 2021

Grayscale launches Solana Trust: SOL overtakes BNB in 24h trading volume

TL;DR Breakdown:  Grayscale launched its new Solana trust. It will help investors to gain wider exposure… Read More

December 3, 2021

DeFi Wallet Review: What’s good for 2022?

Decentralized Finance, or DeFi, is a community of financial apps that use blockchain networks to… Read More

December 3, 2021

Tezos price analysis: XTZ gets support above $5. Will it persist?

TL;DR Breakdown The Tezos price analysis report shows a lack of momentum.Support is still set… Read More

December 3, 2021

LTC Wallet Review 2022

Litecoin LTC was the 8th altcoin to be created, and it outlived the other 7… Read More

December 3, 2021

Bitcoin, Ethereum, GXChain, Cosmos, Polygon Price Analysis ‒ 3 December Morning Prediction

TL;DR Breakdown Influxes of 1.51% raise Bitcoin back to $57.1k.Ethereum returns value to $4.6k following… Read More

December 3, 2021

This website uses cookies.