Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 307

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 307
---
2022

    Bitcoin:

    Opening Balance

    619,526

    632,042

    644,810

    Creations

    11,074

    -

    -

    Redemptions

    (393,595
    )

    -

    -

    Initial Distribution (Return of Capital)(1)

    (26,936
    )

    -

    -

    Sponsor’s Fee, related party

    (4,670
    )

    (12,516
    )

    (12,768
    )

    Closing balance

    205,399

    619,526

    632,042

    Accrued but unpaid Sponsor’s Fee, related party

    -

    -

    -

    Net closing balance

    205,399

    619,526

    632,042

    Number of Shares:

    Opening balance

    692,370,100

    692,370,100

    692,370,100

    Creations

    13,070,000

    -

    -

    Redemptions

    (446,490,000
    )

    -

    -

    Closing balance

    258,950,100

    692,370,100

    692,370,100

    As of December 31,

    2024

    2023

    2022

    Price of Bitcoin on principal market(2)
     
    $
    93,390.22

    $
    42,533.28

    $
    16,556.29

    Principal Market NAV per Share(3)
     
    $
    74.08

    $
    38.06

    $
    15.11

    Index Price(4)
     
    $
    93,413.90

    $
    42,536.63

    $
    16,555.59

    NAV per Share(4)
     
    $
    74.10

    $
    38.06

    $
    15.11

(1)Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin with a value of approximately $1,756.8 million to Grayscale Bitcoin Mini Trust ETF, completed on July 31, 2024, as discussed in Note 4 of the notes to the financial statements.

(2)The