Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 230

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 5
Chunk 230
---
 are reasonably likely to result in material changes to its liquidity needs.

91

Selected Operating Data 

    For the Years Ended December 31,

     (All Bitcoin balances are rounded to the nearest whole Bitcoin)
     
    2024

    2023

    2022

    Bitcoin:

    Opening Balance

    619,526

    632,042

    644,810

    Creations

    11,074

    -

    -

    Redemptions

    (393,595
    )

    -

    -

    Initial Distribution (Return of Capital)(1)

    (26,936
    )

    -

    -

    Sponsor’s Fee, related party

    (4,670
    )

    (12,516
    )

    (12,768
    )

    Closing balance

    205,399

    619,526

    632,042

    Accrued but unpaid Sponsor’s Fee, related party

    -

    -

    -

    Net closing balance

    205,399

    619,526

    632,042

    Number of Shares:

    Opening balance

    692,370,100

    692,370,100

    692,370,100

    Creations

    13,070,000

    -

    -

    Redemptions

    (446,490,000
    )

    -

    -

    Closing balance

    258,950,100

    692,370,100

    692,370,100

    As of December 31,

    2024

    2023

    2022

    Price of Bitcoin on principal market(2)
     
    $
    93,390.22

    $
    42,533.28

    $
    16,556.29

    Principal Market NAV per Share(3)
     
    $
    74.08

    $
    38.06

    $
    15.11

    Index Price(4)
     
    $
    93,413.90

    $
    42,536.63

    $
    16,555.59

    NAV per Share(4)
     
    $
    74.10

    $
    38.06

    $
    15.11

(1)Represents the impact of the Initial Distribution of