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@kleje007 

 

I might be misunderstanding what you are saying. There is a loose relationship between the trust price and the value of the sold Bitcoins as there should be, but the Trust is trading at a large discount to NAV.

 

Your cost is really going to be based on when you purchased and that price. I've owned it for almost 5 years so I'm sitting on a gain of 500+% however the underlying Bitcoin gain is closer to 900%. If you bought it at the high point then you probably will have some capital losses on some or all the transactions.