I've been following and had invested in this stock for a long time (bought in at $200) and my opinion is that it's in limbo right now. Management would have thought that stock split could save the stock price from further sliding but I don't think it would for several reasons at least on a short term basis: (1) It is still overvalued relative to the price of bitcoin core. Its high premium was well justified BEFORE, due to the bitcoin hard forks - other than owning bitcoin core, it also owned BCH, BCG etc. by virtue of hard forks. However, last month, it sold all ts BCH (very and move in my opinion) and distributed the proceeds as dividends; (2)the stock price has a 99% corelation to bitcoin core's price. Since bitcoin has not reach its bottom yet (I understand this is still in debate), GBTC stock could further go down. (3) there are other stocks whose price is highly correlated to bitcoin for IRA investment purposes that would have lesser risk than GBTC. As for a long term investment, I used to be very optimistic of this stock, but when it sold its BCH holdings, and knowing that a "flippining" could happen in the future, I now question it's long term value.