Examples of Bitcoin Price in a sentence
The purpose of the Trust is for the Shares to closely reflect the value of bitcoin, as determined by reference to the Bitcoin Price, and cash held by the Trust less the Trust’s expenses and other liabilities.
At the end of each Business Day, the Sponsor, based on information received from the Administrator, shall post to the Website a report detailing, among other things, the following items: the Bitcoin Price, the Bitcoin Holdings, the Bitcoin Holdings per Share, the GAAP NAV, the GAAP NAV per Share and such other information required to be posted by any appropriate regulatory authority or, if applicable, any Secondary Market.
The daily calculation of the Trust’s GAAP NAV and GAAP NAV per Share shall follow the same methodology as the calculation of the Trust’s Bitcoin Holdings and Bitcoin Holdings per Share pursuant to Section 9.5(b), except that the Bitcoin Price is sourced from the Trust’s principal market for valuing bitcoin instead of the CME CF BRR.
In the event that the CME CF BRR ceases to be published, the Trust shall provide notice of such cessation to all Shareholders (which may be delivered through the facilities of DTC) and shall also provide details of how the Trust will determine the Bitcoin Price thereafter.
In the Trust and Bitcoin Price section or elsewhere, please revise to disclose how and when the Sponsor will notify the Shareholders and revise to disclose the criteria the Sponsor will use to determine that another index or standard better reflects the price of bitcoin.
The decrease is due to Bitcoin Price reduction during 2022, increase in Bitcoin network difficulty, higher energy prices in the year, and increased depreciation driven by the increased number and overall cost of miners deployed and the new mining infrastructure put into service at North Bay during the year, partially offset by the deployment of more efficient miners, which allowed the Company to increase its Bitcoin production.
Provide reporting including daily trial balance and portfolio that includes the Bitcoin Price, the Bitcoin Holdings, the GAAP NAV, the GAAP NAV per Share and such other information as shall be agreed between the Administrator and the Trust.
For the purposes of this section Profit Share, the value of Bitcoins shall be measured at the Bitcoin closing price in USD for each day of the calendar month according to the Bitcoin Price Index published on xxx.xxxxxxxxxxxxx.xxx.