Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 4

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 12
Chunk 4
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Securities Authorized for Issuance under Equity Compensation Plans and Related Stockholder Matters 

Not applicable. 

103

Security Ownership of Certain Beneficial Owners and Management 

The Trust does not have any directors, officers or employees. The following table sets forth certain information with respect to the beneficial ownership of the Shares for (i) each person that, to the Sponsor’s knowledge based on the records of the Transfer Agent and other ownership information provided to the Sponsor, owns beneficially a significant portion of the Shares; (ii) each director and executive officer of the Sponsor individually; and (iii) all directors and executive officers of the Sponsor as a group. 

The number of Shares beneficially owned and percentages of beneficial ownership set forth below are based on the number of Shares outstanding as of February 24, 2025. 

In accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities. 

    Name and Address of Beneficial Owner
     
    Amount andNature ofBeneficialOwnership
     
    Percentage ofBeneficialOwnership

    Significant Shareholders:

    Digital Currency Group, Inc.(1)
     
    *
     
    * %

    Directors & Executive Officers of the Sponsor:(2)

    Mark Shifke
     
    *
     
    * %

    Matthew Kummell
     
    *
     
    * %

    Peter Mintzberg
     
    *
     
    * %

    Edward McGee
     
    *
     
    * %

    Hugh Ross
     
    *
     
    * %

    Directors & executive officers of the Sponsor as a group
     
    *
     
    * %

(1)On March 10, 2021, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to $250 million worth of Shares of the Trust. Subsequently, DCG authorized such purchase. On April 30, 2021, the Board approved the purchase by DCG of up to $750 million worth of Shares of the Trust. This increased DCG’s prior authorization to purchase up to $250 million worth of Shares by $500 million. On October 20, 2021, the Board approved the purchase by DCG of up to $1 billion worth of Shares of the Trust. Subsequently, DCG authorized such purchase. This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million. On March 2,