Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 273

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 5
Chunk 273
---
 Net investment loss
     
    $
    (290,476
    )
     
    $
    (360,561
    )
     
    $
    (360,683
    )

    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 in unrealized appreciation on investment in Bitcoin

    (3,092,838
    )

    16,027,962

    (18,967,171
    )

    Net increase (decrease) in net assets resulting from operations

    16,090,537

    15,886,207

    (19,111,790
    )

    Decrease in net assets from capital share transactions:

    Shares issued

    790,709

    -

    -

    Shares redeemed

    (22,292,651
    )

    -

    -

    Return of Capital(1)

    (1,756,821
    )

    -

    -

    Net decrease in net assets resulting from capital share transactions

    (23,258,763
    )

    -

    -

    Total (decrease) increase in net assets from operations and capital share transactions

    (7,168,226
    )

    15,886,207

    (19,111,790
    )

    Net assets:

    Beginning of year

    26,350,470

    10,464,263

    29,576,053

    End of year
     
    $
    19,182,244

    $
    26,350,470

    $
    10,464,263

    Change in Shares outstanding:

    Shares outstanding at beginning of year

    692,370,100

    692,370,100

    692,370,100

    Shares issued

    13,070,000

    -

    -

    Shares redeemed

    (446,490,000
    )

    -

    -

    Net decrease in Shares

    (433,420,000
    )

    -

    -

    Shares outstanding at end of year