January 21, 2022

Rothschild Investment Corporation raises stake in bitcoin

Alter - Cryptoback
According to a new document sent to the SEC (the United States CVM), the financial services company Rothschild Investment Corporation now holds 30,454 shares of the Grayscale Bitcoin Trust (GBTC) that allows institutional investors to gain exposure to the world's largest cryptocurrency without ownership. it directly.
Rothschild's position in Bitcoin (through Grayscale). Source: SEC and U.Today
This represents a 24% increase from October, when bitcoin was trading well below $ 20,000.

Company is not linked to the famous family of bankers

Founded by Monroe Rothschild in 1908, the Rothschild Investment Corporation has existed for several generations of entrepreneurs. And while the same name caused confusion for most of the community for a moment, the New York Times said it was not a company in the famous family of bankers of the same surname.Alter - Cryptoback
The Chicago-based investment management company first disclosed its exposure to Bitcoin in mid-2017. It all started with a relatively modest investment of 539 GBTC shares that were only worth $ 200,000.
See also: Cryptocurrency hires developer for R $ 500,000.00, see requirements

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