Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 30

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 30
---
06

See accompanying notes to the financial statements. 

F-6

GRAYSCALE BITCOIN TRUST ETF 

SCHEDULES OF INVESTMENT 

(Amounts in thousands, except quantity of Bitcoin and percentages) 

    December 31, 2024

    Quantity of Bitcoin

    Cost

    Fair Value

    % of NetAssets

    Investment in Bitcoin

    205,398.85921873

    $
    2,941,518

    $
    19,182,244

    100
    %

    Total Investment

    $
    2,941,518

    $
    19,182,244

    100
    %

    Net assets

    $
    2,941,518

    $
    19,182,244

    100
    %

    December 31, 2023

    Quantity of Bitcoin

    Cost

    Fair Value

    % of NetAssets

    Investment in Bitcoin

    619,525.92917020

    $
    7,016,906

    $
    26,350,470

    100
    %

    Net assets

    $
    7,016,906

    $
    26,350,470

    100
    %

See accompanying notes to the financial statements. 

F-7

GRAYSCALE BITCOIN TRUST ETF

STATEMENTS OF OPERATIONS 

(Amounts in thousands) 

    Years Ended December 31,

    2024

    2023

    2022

    Investment income:

    Investment income
     
    $
    -

    $
    -

    $
    -

    Expenses:

    Sponsor’s Fee, related party

    290,476

    360,561

    360,683

    Net investment loss

    (290,476
    )

    (360,561
    )

    (360,683
    )

    Net realized and unrealized gain (loss) from:

    Net realized gain on investment in Bitcoin sold to pay expenses

    232,398

    218,806

    216,064

    Net realized gain on investment in Bitcoin sold for redemption of Shares

    17,830,575

    -

    -

    Net realized gain on investment in Bitcoin sold for Initial Distribution (Return of Capital)(1)

    1,410,878

    -

    -

    Net change