Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 48

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 48
---
) 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 market net asset value, initial creation
         
        $
        28.92

        Net increase in net assets from investment operations:

        Net investment loss

        (0.02
        )

        Net realized and unrealized gain

        12.49

        Net increase in net assets resulting from operations

        12.47

        Principal market net asset value, end of period
         
        $
        41.39

        Total return

        43.12
        %

        Ratios to average net assets:

        Net investment loss

        -0.15
        %

        Expenses

        -0.15
        %
       
      (1)Per Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.Ratios of net investment loss and expenses to average net assets have been annualized.An individual shareholder’s return, ratios, and per Share performance may vary from those presented above based on the timing of Share transactions. The amount shown for a Share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the number of Shares issued in Creations occurring at an operational value derived from an operating metric as defined in the Trust Agreement.Total return is calculated assuming an initial investment made at the Principal Market NAV at the beginning of the period and assuming redemption on the last day of the period. 

11. Indemnifications In the normal course of business, the Trust enters into certain contracts that provide a variety of indemnities, including contracts with the Sponsor and affiliates of the Sponsor, DCG and its officers, directors, employees, subsidiaries and affiliates, and the Custodian as well as others relating to services provided to the Trust. The Trust’s maximum exposure under these and its other indemnities is unknown. However, no liabilities have arisen under these