Company: BTC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029405
Chunk: 336

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 336
---
1)

    Quantity of Bitcoin

    Cost

    Fair Value

    % of NetAssets

    Investment in Bitcoin

    38,012.91129948

    $
    2,660,957

    $
    3,550,034

    100
    %

    Total Investment

    2,660,957

    3,550,034

    100
    %

    Net assets

    $
    2,660,957

    $
    3,550,034

    100
    %

(1)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. 

See accompanying notes to financial statements. F-4

GRAYSCALE BITCOIN MINI TRUST ETF 

STATEMENT OF OPERATIONS

(Amounts in thousands) 

    July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024(1)

    Investment income:

    Investment income
     
    $
    -

    Expenses:

    Sponsor’s Fee, related party

    1,637

    Net investment loss

    (1,637
    )

    Net realized and unrealized gain from:

    Net realized gain on investment in Bitcoin sold to pay expenses

    204

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

    90,723

    Net change in unrealized appreciation on investment in Bitcoin

    889,077

    Net realized and unrealized gain on investment

    980,004

    Net increase in net assets resulting from operations
     
    $
    978,367

(1)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. 

See accompanying notes to financial statements. F-5

GRAYSCALE BITCOIN MINI TRUST ETF

STATEMENT OF CHANGES IN NET ASSETS

(Amounts in thousands, except change in Shares outstanding)

    July 31, 2024 (the Commencement of the Trust’s Operations) to