Company: GBTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029408
Chunk: 151

Company: Grayscale Bitcoin Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 151
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” on January 11, 2024, following the effectiveness of the Trust’s registration statement on Form S-3, as amended (File No. 333-275079). Historically, the Trust’s Shares have been quoted on OTCQX under the symbol “GBTC” from March 26, 2015 through January 10, 2024. The price of the Shares as quoted on OTCQX has varied significantly from the Trust’s NAV per Share. From May 5, 2015 to January 11, 2024, the maximum premium of the closing price of the Shares quoted on OTCQX over the value of the Trust’s NAV per Share was 142%, the average premium was 37%, the maximum discount of the closing price of the Shares quoted on OTCQX below the value of the Trust’s NAV per Share was 49%, and the average discount was 25%. As of January 10, 2024, the Trust’s Shares were quoted on OTCQX at a discount of 1.90% to the Trust’s NAV per Share. 

95

The following table sets out the range of high and low closing prices for the Shares as reported by OTCQX, the Trust’s Principal Market NAV per Share calculated in accordance with U.S. GAAP and the Trust’s NAV per Share for each of the quarters from January 1, 2022 through January 10, 2024. 

    High

    Low

    OTCQX

    Principal Market NAV per Share(1)

    NAV per Share(2)

    OTCQX

    Principal Market NAV per Share(1)

    NAV per Share(2)

    2022

    First quarter
     
    $
    34.66

    $
    44.47

    $
    44.47

    $
    24.11

    $
    32.84

    $
    32.83

    Second quarter
     
    $
    32.13

    $
    43.01

    $
    43.02

    $
    12.06

    $
    16.63

    $
    16.64

    Third quarter
     
    $
    15.58

    $
    22.45

    $
    22.45

    $
    11.20

    $
    17.26