The trust’s sponsor is Math-Based Asset Services LLC, which was formed in mid-2013.Bitcoin is a type of decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary. The system was first introduced by developer Satoshi Nakamoto in 2009. [Study Says Bitcoin is Speculative]

By some estimates, the Winklevoss twins’ bitcoin holdings are worth $55 million.

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