Company: BTC
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0000950170-25-029413
Chunk: 219

Company: Grayscale Bitcoin Mini Trust ETF
Filing Date: 2025-02-28
Form: 424B3
Chunk 219
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                                                                                    |  85,769,963 |   |

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.

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.

Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.

See accompanying notes to financial statements.

<div align='center'>F-6

GRAYSCALE BITCOIN MINI TRUST ETF

STATEMENT OF CASH FLOWS

(Amounts in thousands)</div>

| Cash used in operating activities                                                                                                  |     | July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024(1) |            |   |
|:-----------------------------------------------------------------------------------------------------------------------------------|:----|:-----------------------------------------------------------------------------------|-----------:|:--|
| Net increase in net assets resulting from operations                                                                               |     | $                                                                                  |    978,367 |   |
| Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities: |     |                                                                                    |            |   |
| Purchases of Bitcoin(2)                                                                                                            |     | $                                                                                  | (1,271,933 | ) |
| Proceeds from Bitcoin sold to pay redemptions(2)                                                                                   |     |                                                                                    |    456,306 |   |
| Proceeds from Bitcoin sold to pay expenses                                                                                         |     |                                                                                    |      1,637 |   |
| Net realized (gain) loss                                                                                                           |     |                                                                                    |    (90,927 | ) |
| Net change in unrealized (appreciation) depreciation                                                                               |     |                                                                                    |   (889,077 | ) |
| Change in operating assets and liabilities:                                                                                        |     |                                                                                    |            |   |
| Sponsor’s Fee payable                                                                                                              |     |                                                                                    |          - |   |
| Net cash used in operating activities                                                                                              |     | $                                                                                  |   (815,627 | ) |
| Cash provided