BMCS Sumcoin Index Fund?

On February 17th 2021 a public company changed its name to be BMCS Sumcoin Index Fund INC

Sumcoin Developers reported the following today (Link here):

"After researching the information linked, BMCS is the ticker of a publicly traded company which has changed its name to Sumcoin Index Fund Inc.

The theory is they’re planning to be like GBTC “Grayscale Bitcoin Trust”, but for Sumcoin.

If anyone has additional information or if this information appears inaccurate let one of the devs know via dm.

The stock interest has been quite high all year however its name is still showing as Bio Tech Medics."

A link was provided to Wyoming Secretary of State

A link was provided that could explain why the publicly traded stock has had such high interest.

See link to Wyoming SOS here

It states in part "

BMCS SUMCOIN INDEX FUND, INC.

This detail reflects the current data for the filing in the system.

Name

BMCS SUMCOIN INDEX FUND, INC.

Filing ID

2014-000657750

Type

Profit Corporation - Domestic

Status

Active

Sub Status

Current

Initial Filing

01/24/2014

Standing - Tax

Good

Standing - RA

Good

Standing - Other

Good

Term of Duration

Perpetual

Formed In

Wyoming

Interest is high since beginning of the year

BMCS Stock chart Jan 2021 to March 8 2021

This is a developing story.

While details are limited and no one appears sure what this could actually mean, it appears to be quite positive for the Sumcoin community. We will continue to monitor the chatter and update the pool registrants as information becomes available. This story originated from Sumcoinpool.org

UPDATE March 10 2021

Accesswire released a PR from the company

See link to BMCS Accesswire PR here

See link to Nasdaq news release here

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