Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 24

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 24
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 of the Trust as of December 31, 2024, and the results of its operations, changes in its net assets and its cash flows for the period then ended, in conformity with U.S. generally accepted accounting principles. 

Basis for Opinion 

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal 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