Company: BTC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001193125-25-266856
Chunk: 2

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1A
Chunk 2
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There have been no material changes to the Risk Factors last reported under “Part I, Item 1A. Risk Factors” of our Annual Report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 150 Baskets (1,500,000 Shares) during the three months ended September 30, 2025:

     Period
      
     Total Number of Shares of BTC Redeemed

     Average Price Paid per Share of BTC(1)

     July 1, 2025 - July 31, 2025

     -

     $
     -

     August 1, 2025 - August 31, 2025

     820,000

     50.14

     September 1, 2025 - September 30, 2025

     680,000

     48.43

     Total

     1,500,000

     $
     49.36

(1)The Price Paid per Share is based on the NAV per Share, which is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms.