Founded by famed investor Bill Miller, Miller Opportunity Trust, with assets of $2.25 billion, plans to invest 15% of them in Grayscale Bitcoin Trust, according to a document.
In it, the fund notified the regulator that it “may seek indirect exposure to Bitcoin through investments in the Grayscale Bitcoin Trust”.
The Trust, managed by Bill Miller and Samantha McLemore, will cap investments when it allocates up to 15% of its assets, or about $337 million, to the Bitcoin Trust.
According to the Miller Opportunity Trust website, at the time of writing the largest share of the fund’s assets was in Uber stock, at 6.1%.
In January, Miller expressed confidence that has not yet exhausted its growth potential. This opinion came after Bitcoin’s price a new all-time high.
Miller himself invested part of his capital in Bitcoin as far back as 2014.
Earlier, the assets under management by Grayscale Investments surpassed $30 billion, of which $24.4 billion were in the Bitcoin Trust.
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