Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 163

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 163
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 the SEC, beneficial ownership includes voting or investment power with respect to securities. 

    Name and Address of Beneficial Owner
     
    Amount andNature ofBeneficialOwnership
     
    Percentage ofBeneficialOwnership

    Significant Shareholders:

    Digital Currency Group, Inc.(1)
     
    *
     
    * %

    Directors & Executive Officers of the Sponsor:(2)

    Mark Shifke
     
    *
     
    * %

    Matthew Kummell
     
    *
     
    * %

    Peter Mintzberg
     
    *
     
    * %

    Edward McGee
     
    *
     
    * %

    Hugh Ross
     
    *
     
    * %

    Directors & executive officers of the Sponsor as a group
     
    *
     
    * %

(1)On March 10, 2021, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to $250 million worth of Shares of the Trust. Subsequently, DCG authorized such purchase. On April 30, 2021, the Board approved the purchase by DCG of up to $750 million worth of Shares of the Trust. This increased DCG’s prior authorization to purchase up to $250 million worth of Shares by $500 million. On October 20, 2021, the Board approved the purchase by DCG of up to $1 billion worth of Shares of the Trust. Subsequently, DCG authorized such purchase. This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million. On March 2, 2022, the Board of the Sponsor approved the purchase by DCG of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC), Grayscale Ethereum Trust ETF (NYSE Arca: ETHE), Grayscale Ethereum Classic Trust (ETC) (OTCQX: ETCG) and Grayscale Stellar Lumens Trust (XLM) (OTCQX: GXLM). This increased DCG’s prior authorization to purchase up to $1 billion worth of Shares by up to a maximum of $200 million. Subsequently, DCG