CC image courtesy of CASASCIUS.
The Winklevoss brothers have revealed plans to launch a Bitcoin trust fund to sell US$20 million worth of shares.
Shares to be sold will be valued at a fraction of a Bitcoin, according to a file approved at the United States regulator Securities and Exchange Commission.
Bitcoin, described as a currency without borders, can only be acquired by buying or selling with fiat currency or by mining, which requires the running of expensive and complex software programmes.
The currency will be capped once there are 21 million Bitcoins in circulation, although they can also be spent and traded in fractions.
Cameron and Tyler Winklevoss, notorious for their feud with Facebook founder Mark Zuckerberg as portrayed in the film The Social Network, have gained US$11 million’s Bitcoins, The Guardian reported.
HumanIPO reported earlier this year on the launch of a Bitcoin exchange platform in South Africa.
