{"id":281887,"date":"2021-01-27T03:25:13","date_gmt":"2021-01-27T08:25:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=281887"},"modified":"2021-08-01T16:40:34","modified_gmt":"2021-08-01T20:40:34","slug":"rothschild-ramps-up-bitcoin-purchase-now-holds-1m-in-btc","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/rothschild-ramps-up-bitcoin-purchase-now-holds-1m-in-btc","title":{"rendered":"Rothschild Ramps Up Bitcoin Purchase, Now Holds $1M in BTC"},"content":{"rendered":"
Cryptocurrencies have gained significant awareness from various quarters, and institutions appear ready to guzzle more of the leading cryptocurrency.\u00a0<\/span>The latest firm to grow its bitcoin portfolio is institutional investment manager Rothschild Investment Company.<\/span><\/p>\n In a recent <\/span>filing<\/span><\/a> with the Securities and Exchange Commission (SEC), the Chicago-based financial institution confirmed that it had increased its Bitcoin exposure. The firm explained that it purchased 30,454 shares of the Grayscale Bitcoin Investment Trust, worth $975,000. This also marks another turn in its years-long relationship with leading asset manager Grayscale Investments.\u00a0<\/span><\/p>\n The purchase marks a significant increase in Rothschild\u2019s Bitcoin portfolio, which a source <\/span>notes<\/span><\/a> contains 24,500 shares of the Investment Trust as of October.<\/span><\/p>\n BTC institutional watch: <\/p>\n In a filing this morning with the SEC, Rothschild Investment Corporation, founded in 1908, reported owning 30,454 shares of GBTC.<\/p>\n In a previous filing in October, the firm owned 24,500 shares. <\/p>\n Link to filing:https:\/\/t.co\/AC3rvwgnwr<\/a><\/p>\n — MacroScope (@MacroScope17) January 25, 2021<\/a><\/p><\/blockquote>\nRothschild Commits to Bitcoin Full-Time<\/b><\/h2>\n
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