Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 263

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 263
---
UBTI”—Unrelated business taxable income.

“U.S.”—United States. 

“U.S. dollar” or “$”—United States dollar or dollars. 

“U.S. GAAP”—United States generally accepted accounting principles. 

“Variable Fee”—An amount in cash based on the Total Basket NAV, which shall be paid by the Authorized Participant in connection with Variable Fee Cash Orders. The amount may be changed by the Sponsor in its sole discretion at any time.    

“Variable Fee Cash Order”—A Cash Order pursuant to which any price differential between (x) the Total Basket NAV on the trade date and (y) the price realized in acquiring or disposing of the corresponding Total Basket Amount, as the case may be, will be borne solely by the applicable Liquidity Provider. 

“Vault Balance”—A segregated custody account controlled and secured by the Custodian to store private keys, which allow for the transfer of ownership or control of the Trust’s Bitcoin on the Trust’s behalf.

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SIGNATURES 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated, thereunto duly authorized. 

    Grayscale Investments Sponsors, LLC as Sponsor of Grayscale Bitcoin Mini Trust ETF

      By:
    /s/ Peter Mintzberg 

    Name:
    Peter Mintzberg 

    Title:
    Member of the Board of Directors and Chief Executive Officer (Principal Executive Officer)*

      By:
    /s/ Edward McGee

    Name:
    Edward McGee

    Title:
    Member of the Board of Directors and Chief Financial Officer (Principal Financial and Accounting Officer)*

    By:
    /s/ Mark Shifke

    Name: 
    Mark Shifke

    Title:
    Chairman of the Board of DirectorsDirector*

    By:
    /s/ Matthew Kummell

    Name:
    Matthew Kummell

    Title:
    Member of the Board of DirectorsDirector*

Date: February 27, 2025

*   The Registrant is a trust and the persons are signing in their capacities as officers of Grayscale Operating, LLC, the sole member of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant, or directors of GSO Intermediate Holdings Corporation, the sole managing member of Grayscale Operating, LLC, as applicable.

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