Company: GBTC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001193125-25-266861
Chunk: 5

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 2
Chunk 5
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Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Bitcoin Trust ETF (NYSE Arca: GBTC) by Digital Currency Group, Inc. (“DCG”), the indirect parent company of the Sponsor, on a monthly basis during the three months ended September 30, 2025:

     Period
      
     (a) Total Number of Shares of GBTC Purchased

     (b) Average Price Paid per Share of GBTC

     (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)

     (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)

     (in millions)

     July 1, 2025 - July 31, 2025

     -

     $
     -

     -

     $
     428.2

     August 1, 2025 - August 31, 2025

     -

     -

     -

     428.2

     September 1, 2025 - September 30, 2025

     -

     -

     -

     428.2

     Total

     -

     $
     -

     -

     $
     428.2

(1)On March 10, 2021, the board of the Sponsor 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 of the Sponsor 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 work 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. This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million. On March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Gr