Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 265

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 265
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 securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. 

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

    /s/ KPMG LLP We have served as the Trust’s auditor since 2024. 

    New York, New York

    February 27, 2025

F-2

GRAYSCALE BITCOIN MINI TRUST ETF 

STATEMENT OF ASSETS AND LIABILITIES

(Amounts in thousands, except Share and per Share amounts) 

    December 31, 2024(1)

    Assets:

    Investment in Bitcoin, at fair value (cost $2,660,957 as of December 31, 2024)
     
    $
    3,550,034

    Total assets
     
    $
    3,550,034

    Liabilities:

    Sponsor’s Fee payable, related party
     
    $
    -

    Total liabilities

    -

    Net assets
     
    $
    3,550,034

    Shares issued and outstanding, no par value (unlimited Shares authorized)

    85,769,963

    Principal market net asset value per Share
     
    $
    41.39

(1)No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000. 

See accompanying notes to financial statements. F-3

GRAYSCALE BITCOIN MINI TRUST ETF

SCHEDULE OF INVESTMENT

(Amounts in thousands, except quantity of Bitcoin and percentages)

    December 31, 2024(1)

    Quantity of Bitcoin