BlockFi Bitcoin Trust announces potential abandonment of its interests in certain ancillary assets


BlockFi Bitcoin Trust announces potential abandonment of its interests in certain ancillary assets

JERSEY CITY, NJ, February 2, 2021 / PRNewswire / – BlockFi Bitcoin Trust (the “Trust”), today announced that it will irrevocably relinquish, immediately prior to any creation by the Trust of new beneficial interest units in the Trust (“Shares”) and for no indirect consideration, all rights, titles and interests in any asset resulting from any drop or fork in relation to Bitcoins held by the Trust (“Ancillary Assets”), except ancillary assets for which it has already taken positive steps to acquire, gave up, or otherwise disposed. No member of the Trust, its sponsor and their respective affiliates shall have the power or authority to take any action which would enable him or any owner of shares of the Trust to benefit economically from any ancillary asset that he abandoned.

The Trust will at no time take any action that is inconsistent with a prior abandonment of an ancillary asset, including accepting any future delivery of an ancillary abandoned asset, accepting payment from any person in respect of a abandoned accessory asset or by representing to any person or in any context that he has a remaining right with respect to any abandoned accessory asset.

Disclaimer:

Investors should carefully consider the investment objectives and risks as well as the fees and expenses of the Trust before investing. More information can be found in the trust’s private placement memorandum. Read the private placement memorandum carefully before investing.

Nothing in this announcement should be construed as a solicitation of an offer to purchase or offer, or a recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this advertisement is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This advertisement is not directed to any person in any jurisdiction where publication or availability of the advertisement is prohibited, due to that person’s nationality, residence or otherwise.

Investments in the Trust involve risk and the value of the Trust shares may decline.

Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and / or tax advisors before making any financial decisions.

About BlockFi

BlockFi is a new generation of financial services companies. Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the global ecosystem of digital assets for individual and institutional investors. BlockFi’s platform manages more than 8 billion dollars of assets and generated tens of millions of interest for clients. The company, headquartered at New Jersey with offices around the world, continues to expand its presence in United States and internationally.

Media contact for BlockFi:

Ryan dicovitsky

Dukas Linden Public Relations

[email protected]

SOURCE BlockFi


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