Grayscale CEO responds to Peter Schiff's question: "Grayscale does not sell Bitcoin to raise funds to buy back shares (GBTC)"
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According to BlockBeats, on March 12, Bitcoin critic Peter Schiff tweeted, "Due to the continued large discount to net asset value, Grayscale Bitcoin Trust announced that it will repurchase up to $250 million worth of shares (GBTC). In addition to reducing AUM, this means that Grayscale will sell Bitcoin to raise the cash needed to fund the repurchase." Grayscale Capital CEO Michael Sonnenshein then replied: "Let me help you get one thing clear. Grayscale does not sell Bitcoin to raise funds to repurchase shares (GBTC)." |
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