Grayscale Bitcoin Trust investors dissatisfied with the status quo will gather at Bitcoin 2023 in an effort to address the problems they see in the Trust.
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The RedeemGBTC.com campaign, a grassroots movement to address the dissatisfaction that many Grayscale shareholders have expressed in the management of the Grayscale Bitcoin Trust, has announced a key shareholder meeting at Bitcoin 2023.
The Trust, which is now trading at an approximate 40% discount, has created a “situation (which) calls for immediate action and has led to the organization of the GBTC shareholder meeting by RedeemGBTC.com.” The purpose of the meeting in Miami is to provide these concerned investors with a place to come together to discuss the future of the Trust.
RedeemGBTC.com also announced that it is accepting proposals from companies interested in becoming the next sponsor of the Trust. “The organizers will review the proposals and the selected companies will have the opportunity to present their ideas at the GBTC shareholder meeting,” the announcement reads. “Shareholders will have the opportunity to engage with these companies, evaluate their proposals and provide feedback.”
According to the announcement, more than 30% of GBTC shareholders are expected to attend, making for a formidable gathering of collective investors.
Additional information on the GBTC shareholder meeting, meeting registration and a sponsorship proposal submission portal are available at Bitcoin Industry Day 2023 page.
