Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 314

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 314
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 was 0.10%. As of December 31, 2024, the last business day of the period, the Trust’s Shares were listed on NYSE Arca at a discount of 0.10% to the Trust’s NAV per Share.

96

The following table sets out the range of high and low closing prices for the Shares as reported by NYSE Arca, the Trust’s Principal Market NAV per Share calculated in accordance with U.S. GAAP and the Trust’s NAV per Share for each of the quarters from January 11, 2024 through December 31, 2024.

    High

    Low

    NYSE Arca

    Principal Market NAV per Share(1)

    NAV per Share(2)

    NYSE Arca

    Principal Market NAV per Share(1)

    NAV per Share(2)

    2024

    First quarter(3)
     
    $
    65.58

    $
    65.58

    $
    65.53

    $
    34.88

    $
    34.97

    $
    35.00

    Second quarter
     
    $
    63.96

    $
    63.93

    $
    63.86

    $
    50.64

    $
    50.63

    $
    50.72

    Third quarter
     
    $
    60.56

    $
    60.58

    $
    60.56

    $
    42.60

    $
    42.62

    $
    42.64

    Fourth quarter
     
    $
    84.71

    $
    84.70

    $
    84.71

    $
    47.49

    $
    47.49

    $
    47.49

(1)The Principal Market NAV is calculated using the fair value of Bitcoin based on the price provided by the Digital Asset Market that the Trust considers its principal market, which since December 31, 2016 is Coinbase. Prior to December 26, 2023, Principal Market NAV was referred to as NAV and Principal Market NAV per Share was referred to as NAV per Share. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—Principal Market and Fair Value Determination.” 

(2)The