Company: BTC
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0000950170-25-029413
Chunk: 220

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 424B3
Chunk 220
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 by financing activities                                                                                              |     |                                                                                    |            |   |
| Proceeds from issuance of capital shares(2)                                                                                        |     | $                                                                                  |  1,271,933 |   |
| Payments for capital shares redeemed(2)                                                                                            |     |                                                                                    |   (456,306 | ) |
| Net cash provided by financing activities                                                                                          |     | $                                                                                  |    815,627 |   |
| Cash                                                                                                                               |     |                                                                                    |            |   |
| Net increase in cash                                                                                                               |     | $                                                                                  |          - |   |
| Cash, beginning of period                                                                                                          |     |                                                                                    |          - |   |
| Cash, end of period                                                                                                                |     | $                                                                                  |          - |   |
| Supplemental disclosure of noncash operating activities                                                                            |     |                                                                                    |            |   |
| Transfer of Bitcoin to pay for Sponsor’s Fee                                                                                       |     | $                                                                                  |      1,637 |   |
| Supplemental disclosure of noncash financing activities                                                                            |     |                                                                                    |            |   |
| Transfer of Bitcoin from Initial Distribution(3)                                                                                   |     | $                                                                                  |  1,756,821 |   |

No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.

The proceeds collected by an Authorized Participant from the sale of Shares and the payments for Shares redeemed by an Authorized Participant do not correlate with the amounts in the Statement of Operations and the Statement of Changes in Net Assets for the period due to creations and redemptions occurring at the Index Price as defined in the Trust Agreement.

Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust ETF, completed on July 31, 2024, as discussed in Note 4.

See accompanying notes to financial statements.

<div align='center'>F-7

GRAYSCALE BITCOIN MINI TRUST ETF

NOTES TO THE FINANCIAL STATEMENTS</div>

1. Organization

Grayscale Bitcoin Mini Trust ETF (the “Trust”) is a Delaware Statutory Trust that was formed on March 12, 2024 and commenced operations on July 31, 2024. In general, the Trust holds Bitcoin