SecondMarket and Bitcoin Investment Trust Barry Silbert released an interesting tidbit of information on Twitter on Thursday afternoon.
The Bitcoin Investment Trust now holds over 100,000 bitcoins, worth over $37 million at the present exchange rate. Back in December, the Trust was valued at over $60 million — though the rate of exchange at that point was much higher than it is today.
Big milestone today for Bitcoin Investment Trust — now holds over 100,000 bitcoin http://t.co/nBzlaGupy4 cc @BitcoinTrust
— Barry Silbert (@barrysilbert) April 10, 2014
The Bitcoin Investment Trust was designed to get institutional investors involved with bitcoin. So far, that seems to be going well — and it could be getting a whole lot better soon.
Several weeks ago, it was announced that the Bitcoin Investment Trust platform was going beyond institutional investors, with plans to open the doors to all investors.