GBTC was at about 1400 when I purchased it, and now it's at about 15$. It never showed that it decreased or a huge decrease, and no history of it at being at 1400, ever. I'm so confused, I still have all my money and it's about the same but I'm not understanding how it goes from 1400 to 15 and no decrease but no loss in money?
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1 Answer
There was a 91-1 stock split, meaning that you should have 91x as many shares as you did a few weeks ago.
Shares of the Grayscale Bitcoin Investment Trust, a stock that seeks to imitate the price of bitcoin through its ownership of 0.09 BTC per share, opened up more than 8% Monday — rising as high as $19.57 — after a 91-for-1 split over the weekend made the stock more accessible to the masses.
The company announced the split in January, when the stock was trading at more than $1,000.
Now, shares of the investment trust are trading at a much more affordable $18. The split didn't affect the company’s market value, which remains just above $3 billion.
