FAIRFIELD, Conn.–( BUSINESS WIRE )–Osprey Funds, LLC (“Osprey”), sponsor of the Osprey Bitcoin Trust (OTCQX: OBTC), today announced the termination of its previously announced Asset Purchase and Contribution Agreement (“APA”). Termination of the DPA because the parties have not obtained all regulatory approvals by December 31, 2024.
Osprey intends to subsequently provide its investors with an update regarding its strategic alternatives to OBTC.
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Osprey Funds, LLC offers logical solutions for investing in digital assets. Headquartered in Fairfield, Connecticut, Osprey is dedicated to building safe, transparent and cost-effective investment products that provide access to digital assets. Learn more by visiting ospreyfunds.io.
Forward-looking statements
This press release contains “forward-looking statements.” These forward-looking statements include, but are not limited to, statements regarding the exploration of strategic alternatives and the timing of such strategic alternatives. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based on Osprey’s current beliefs, expectations and assumptions regarding the future of OBTC. No representations or warranties (express or implied) are made as to the accuracy of any such forward-looking statements. Except as required by law, Osprey undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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Gregory FCA for Osprey boxes
Caitlyn Kardish
caitlyn@gregoryfca.com
484-798-7730