Winklevoss Bitcoin Trust will price initial public offering of stock

Shares may only be purchased in one or more blocks of 50,000 shares

By Devika Patel

Knoxville, Tenn., July 1 - Winklevoss Bitcoin Trust plans to price an initial public sale of its stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission.

The shares may be purchased only in one or more blocks of 50,000 shares.

The common law trust is based in New York. The trust holds "Bitcoins," a digital commodity based on an open source cryptographic protocol existing on the online, end-user-to-end-user network hosting the public transaction ledger, known as the "Blockchain," and the source code comprising the basis for the cryptographic and algorithmic protocols governing the issuance of and transactions in Bitcoins.

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