Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 119

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 119
---
 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

    Bitcoin to be delivered to cover the Sponsor’s Fee

    15.00

    14.98

    14.96

    Bitcoin in Trust, ending

    9,985.00

    9,970.02

    9,955.07

    Ending NAV of the Trust
     
    $
    998,500.00

    $
    997,002.25

    $
    995,506.75

    Ending NAV per share
     
    $
    9.99

    $
    9.97

    $
    9.96

    Hypothetical price per Bitcoin
     
    $
    100.00

    $
    100.00

    $
    100.00

Discretion of the Index