Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 288

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 288
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, resulting from business failures, financial instability, security failures, government mandated regulation or operational problems could have an adverse impact on the Trust’s ability to access critical services and be disruptive to the operations of the Trust.The Sponsor and the Trust may be subject to various litigation, regulatory investigations, and other legal proceedings that arise in the ordinary course of its business.

9. Quarterly Statements of OperationsFiscal Period from July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024

        (Amounts in thousands)
         
        July 31, 2024 (the Commencement of the Trust’s Operations) to September 30, 2024 (unaudited)

        October 1, 2024 to December 31, 2024 (unaudited)

        July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024

        Expenses

        Sponsor’s Fee, related party
         
        $
        491

        $
        1,146

        $
        1,637

        Net investment loss
         
        $
        (491
        )
         
        $
        (1,146
        )
         
        $
        (1,637
        )

        Net realized and unrealized (loss) gain from:

        Net realized (loss) gain on investment in Bitcoin sold to pay expenses

        (35
        )

        239

        204

        Net realized (loss) gain on investment in Bitcoin sold for redemption of shares

        (3,289
        )

        94,012

        90,723

        Net change in unrealized appreciation on investment in Bitcoin

        (31,309
        )

        920,386

        889,077

        Net realized and unrealized (loss) gain on investment

        (34,633
        )

        1,014,637

        980,004

        Net (decrease) increase in net assets resulting from operations
         
        $
        (35,124
        )
         
        $
        1,013,491

        $
        978,367

F-17

10. Financial Highlights Per Share Performance

        July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024(1)

        Per Share Data:

        Principal