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Bitcoin investment trust jumps after stock split takes effect

from Bloomberg

Sometimes all it takes is the illusion that you’re getting more for less to drive the price of a stock higher. That was the case today with the shares of the Bitcoin Investment Trust: its shares surged more than 8 percent after the fund’s 91-for-1 stock split took effect. More than 700,000 shares had been traded to boost the price to as high as $19.60 in New York. more


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