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Bill Miller's Trust to Invest up to $300 Million in Grayscale Bitcoin Trust
Bill Miller’s investment trust is getting into Bitcoin. According to a filing submitted to the US Securities and Exchange Commission by the Miller Opportunity Trust, the trust founded by American investor and fund manager Bill Miller “may seek investment exposure to Bitcoin indirectly by investing in the Grayscale Bitcoin Trust.” The trust declared that it will stop when it has channeled up to 15% of its assets into Grayscale’s Bitcoin Trust. To put that into perspective, the trust holds $2.25 billion dollars in assets under management. That means that it plans to indirectly channel over three hundred million ... (full story)