Grayscale Bitcoin Cash Trust Files 8-K on Equity Sales

TL;DR

Grayscale BCH Trust filed an 8-K for unregistered equity sales. Keep an eye on share count.

AI Summary

On June 13, 2024, Grayscale Bitcoin Cash Trust (BCH) filed an 8-K report detailing unregistered sales of equity securities. The filing indicates that the trust engaged in transactions involving its shares, though specific details on the number of shares or dollar amounts were not immediately available in this excerpt. This report is a standard disclosure for such activities.

Why It Matters

This filing signals potential changes in the trust's share structure or holdings, which could impact its Net Asset Value (NAV) and investor positions.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate complex or non-standard transactions that warrant closer investor scrutiny.

Key Players & Entities

• Grayscale Bitcoin Cash Trust (BCH) (company) — Registrant
• June 13, 2024 (date) — Date of earliest event reported
• 212 668-1427 (phone_number) — Registrant's Telephone Number
• Grayscale Investments, LLC (company) — Address of Principal Executive Offices

FAQ

Key Financial Figures

• $1,979,596 — gate of 4,247.18351897 BCH representing $1,979,596. Grayscale Securities, LLC ("Grayscale

Filing Documents

• bchg-20240613.htm (8-K) — 38KB
• 0000950170-24-074956.txt ( ) — 155KB
• bchg-20240613.xsd (EX-101.SCH) — 28KB
• bchg-20240613_htm.xml (XML) — 5KB

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. Since the sales reported on the most recently filed Current Report on Form 8-K by Grayscale Bitcoin Cash Trust (BCH) (the "Trust"), the Trust issued 496,800 Shares at varying prices determined by reference to its NAV per Share to selected "accredited investors," within the meaning of Rule 501 of Regulation D under the Securities Act of 1933, as amended (the "Securities Act"), in private placement transactions exempt from the registration requirements of the Securities Act pursuant to Rule 506(c) thereunder for an aggregate of 4,247.18351897 BCH representing $1,979,596. Grayscale Securities, LLC ("Grayscale Securities") acted as the Authorized Participant with respect to these distributions. As a result, there are 39,835,100 Shares issued and outstanding as of June 18, 2024. Because Shares have been, and continue to be, created and issued on a periodic basis, a "distribution," as such term is used in the Securities Act, may be occurring from time to time. As a result, Grayscale Securities, as Authorized Participant facilitating the creation of Shares and as distributor and marketer, may be deemed an "underwriter" under Section 2(a)(11) of the Securities Act. No underwriting discounts or commissions were paid to Grayscale Securities with respect to such sales.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Grayscale Investments, LLC as Sponsor of Grayscale Bitcoin Cash Trust (BCH) Date: June 18, 2024 By: /s/ Edward McGee Edward McGee Chief Financial Officer* * The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.

View Full Filing

View this 8-K filing on SEC EDGAR