Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 27

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 27
---
43 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust ETF, completed on July 31, 2024, as discussed in Note 4.

(3)Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.

See accompanying notes to financial statements. F-6

GRAYSCALE BITCOIN MINI TRUST ETF

STATEMENT OF CASH FLOWS

(Amounts in thousands) 

    July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024(1)

    Cash used in operating activities

    Net increase in net assets resulting from operations
     
    $
    978,367

    Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:

    Purchases of Bitcoin(2)
     
    $
    (1,271,933
    )

    Proceeds from Bitcoin sold to pay redemptions(2)

    456,306

    Proceeds from Bitcoin sold to pay expenses

    1,637

    Net realized (gain) loss

    (90,927
    )

    Net change in unrealized (appreciation) depreciation

    (889,077
    )

    Change in operating assets and liabilities:

    Sponsor’s Fee payable

    -

    Net cash used in operating activities
     
    $
    (815,627
    )

    Cash provided by financing activities

    Proceeds from issuance of capital shares(2)
     
    $
    1,271,933

    Payments for capital shares redeemed(2)

    (456,306
    )

    Net cash provided by financing activities
     
    $
    815,627

    Cash

    Net increase in cash
     
    $
    -

    Cash, beginning of period

    -

    Cash, end of period
     
    $
    -

    Supplemental disclosure of noncash operating activities

    Transfer of Bitcoin to pay for Sponsor’s Fee
     
    $
    1,637

    Supplemental disclosure of noncash financing activities

    Transfer of Bitcoin from Initial Distribution(3)
     
    $
    1,756,821

(1)No comparative financial statements have been provided as the Trust’s operations commenced on