THELOGICALINDIAN - Billionaire barrier armamentarium administrator Bill Millers flagship armamentarium will anon be able to add bitcoin acknowledgment by advance in Grayscales bitcoin assurance GBTC according to its filing with the US Securities and Exchange Commission SEC The armamentarium currently has about 225 billion in assets beneath management
Bill Miller’s $2.25M Hedge Fund to Invest in GBTC
The Miller Opportunity Trust, a barrier armamentarium in the Miller Value Funds family, has filed an alteration to its allotment account with the U.S. SEC to be able to accretion acknowledgment to bitcoin. Billionaire broker Bill Miller founded Miller Value Partners LLC in 2024 and serves as the advance administrator for the Miller Value Funds family.
The company’s flagship fund, the Miller Opportunity Trust, had $2.25 billion in assets beneath administration as of Dec. 31, 2024. Miller and Samantha McLemore administer the fund. According to the Feb. 5 filing with the SEC:
The Miller Opportunity Trust’s advance cold is to seek “long appellation advance of capital.” The filing will become able 60 canicule afterwards the filing date.
Grayscale Bitcoin Assurance (GBTC) is a abreast offered advance vehicle, the shares of which are additionally accessible over-the-counter, the filing notes. Grayscale afresh accomplished the milestone of over $30 billion in net crypto assets beneath management, about $24 billions of which were in bitcoin. Besides the bitcoin trust, the aggregation offers eight added crypto advance products.
The Miller Opportunity Trust’s SEC filing added explains:
Miller has continued been a bitcoin proponent. He said in November aftermost year that every above coffer will accept acknowledgment to bitcoin, acquainted that BTC’s animation decreases are its amount increases.
What do you anticipate about Bill Miller’s barrier armamentarium advance in GBTC? Let us apperceive in the comments area below.
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