Grayscale Bitcoin Cash Trust (BCHG) Reports Private Placement of 863,500 Shares to Accredited Investors

Grayscale Bitcoin Cash Trust (BCH), a digital currency investment product, has reported the private placement of 863,500 shares to accredited investors

Grayscale Foods, a digital currency investment product, has been actively issuing new shares to accredited investors in recent times. The Trust announced the private sale of 536,700 shares, resulting in an aggregate of 4,556.10609039 Bitcoin Cash (BCH), valued at approximately $1,513,370. In another transaction, the Trust also issued 861,000 shares, resulting in an aggregate of 7,321.89762611 BCH, valued at approximately $2,532,714.

Other recent developments include the issuance of 635,300 shares, representing an aggregate of 5,415.27488867 Bitcoin Cash (BCH), valued at approximately $2.16 million, and 741,000 shares, resulting in the acquisition of 6,318.79392898 Bitcoin Cash (BCH), raising a total of $2,352,730. Grayscale Bitcoin Cash Trust also reported the private sale of 530,900 shares, leading to the accumulation of 4,533.49755324 Bitcoin Cash (BCH), valued at approximately $1.74 million.

These transactions were facilitated by Grayscale Securities, LLC, acting as the Authorized Participant, without receiving any underwriting discounts or commissions. The continuous issuance of shares suggests that a "distribution" may be happening over time. Following these private placements, the Trust now has a total of 43,140,000 shares issued and outstanding.

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