by Rushali 
Bill Miller, the bitcoin bull and a veteran hedge fund manager who also runs Miller value firms is reportedly planning to invest in Grayscale Bitcoin trust through its flagship fund, the Miller Opportunity Trust.
The fund said in the filing with the US Securities and Exchange Commission, “The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds bitcoin, The Grayscale Bitcoin Trust invests principally in bitcoin. The Fund will not make any additional investments in the Grayscale Bitcoin Trust if, as a result of the investment, its aggregate investment in bitcoin exposure would be more than 15% of its assets at the time of investment.”
The trust has around $2.25 billion assets under management as of 31 Dec 2020.
In Jan, Miller’s son Bill Miller IV has said in a letter to investors that it was like a getting free call option on bitcoins while addressing the taking part in MicroStrategy’s $650 million convertible senior note offering.
