Crypto: Grayscale may ‘ultimately’ consider tender offer for bitcoin trust, if lawsuit against SEC fails, CEO says

by | Jan 24, 2023 | Stock Market

Michael Sonnenshein, chief executive at digital asset manager Grayscale Investments, said Tuesday the company would consider providing a tender offer to redeem shares of its bitcoin trust, if it exhausts all the options to push for the trust fund’s conversion to an exchange-traded fund.  Sonnenshein didn’t mention details of the potential tender offer. In a letter to investors in December, Sonnenshein said Grayscale may consider a tender offer for up to 20% shares of Grayscale bitcoin trust GBTC, while it is subject to the…

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