Grayscale Investments, an organisation which sponsors the Bitcoin Investment Trust, has announced that a 91-for-1 stock split of outstanding and issued shares will take place on 26th January, with anyone who holds shares receiving 90 shares for each share they already own.

The Bitcoin Investment Trust is an extremely popular fund which holds bitcoins in reserve. The returns generated by the fund are based on the price of these bitcoins. The Trust appeals to investors because it is currently the only stock on the market which is linked to bitcoins.

As the value of bitcoin has skyrocketed, shares prices at Bitcoin Investment Trust have followed suit. Because investors are required to purchase an entire share in order to get a piece of the action, the massive price increases have locked a lot of smaller investors out of the market.

The stock split is a way to overcome these problems, and to encourage further investment in the Bitcoin Investment Trust. During the stock split, the number of shares allocated to the Bitcoin Investment Trust will be increased 1,916,600 to 174,410,600, bring the price of a share down from $1,767 USD to around $17.60. However, the value of existing shareholders investments will remain the same.