Osprey Announces Termination of Asset Purchase Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
0mins
Source: Newsfilter
Termination of Agreement: Osprey Funds announced the termination of the Asset Purchase and Contribution Agreement for the Osprey Bitcoin Trust due to the lack of regulatory approvals by the deadline of December 31, 2024.
Future Plans: Osprey intends to update investors on strategic alternatives for the Bitcoin Trust following the termination of the agreement.
Analyst Views on OBTC
Wall Street analysts forecast OBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.970
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Current: 28.970
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
