Company: BTC
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0000950170-25-029413
Chunk: 74

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 424B3
Chunk 74
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 Holders.”

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Hypothetical Expense Example

The following table illustrates the anticipated impact of the payment of the Trust’s expenses on the amount of Bitcoin represented by each outstanding Share for three years. It assumes that the only transfers of Bitcoin will be those needed to pay the Sponsor’s Fee and that the price of Bitcoin and the number of Shares remain constant during the three-year period covered. The table does not show the impact of any Additional Trust Expenses. Any Additional Trust Expenses, if and when incurred, will accelerate the decrease in the fractional amount of Bitcoin represented by each Share. In addition, the table does not show the effect of any waivers of the Sponsor’s Fee that may be in effect from time to time.

|                                                    |     | Year 
 1    |              |   |     | 2 |            |   |     | 3 |            |   |
|:---------------------------------------------------|:----|:-----|-------------:|:--|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Hypothetical price per Bitcoin                     |     | $    |       100.00 |   |     | $ |     100.00 |   |     | $ |     100.00 |   |
| Sponsor’s Fee                                      |     |      |         0.15 | % |     |   |       0.15 | % |     |   |       0.15 | % |
| Shares of Trust, beginning                         |     |      |   100,000.00 |   |     |   | 100,000.00 |   |     |   | 100,000.00 |   |
| Bitcoin in Trust, beginning                        |     |      |    10,000.00 |   |     |   |   9,985.00 |   |     |   |   9,970.02 |   |
| Hypothetical value of Bitcoin in Trust             |     | $    | 1,000,000.00 |   |     | $ | 998,500.00 |   |     | $ | 997,002.25 |   |
| Beginning NAV of the Trust                         |     | $    | 1,000,000.00 |   |     | $ | 998,500.00 |   |     | $ | 997,002.25