Grayscale Bitcoin Cash Trust (BCH) Reports Unregistered Sales

TL;DR

Grayscale BCH filed an 8-K for unregistered equity sales on Jan 9.

AI Summary

On January 9, 2025, Grayscale Bitcoin Cash Trust (BCH) filed an 8-K report detailing unregistered sales of equity securities. The filing, submitted on January 14, 2025, indicates a report date of January 9, 2025, for this event. The trust, incorporated in Delaware, operates under the IRS number 826867376 and is associated with the ticker symbol BCH.

Why It Matters

This filing indicates potential new equity issuances by the Grayscale Bitcoin Cash Trust, which could impact the trust's share structure and the underlying Bitcoin Cash holdings.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate less transparency or different regulatory oversight compared to registered offerings.

Key Numbers

• 000-56308 — Commission File Number (SEC filing identifier for the trust)
• 82-6867376 — IRS Employer Identification No. (Tax identification for the trust)

Key Players & Entities

• Grayscale Bitcoin Cash Trust (BCH) (company) — Registrant
• January 9, 2025 (date) — Date of earliest event reported
• January 14, 2025 (date) — Date of report filing
• Delaware (jurisdiction) — State of Incorporation
• 826867376 (identifier) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $1,756,643 — gate of 3,888.15800205 BCH representing $1,756,643. Grayscale Securities, LLC ("Grayscale

Filing Documents

• bchg-20250109.htm (8-K) — 39KB
• 0000950170-25-005376.txt ( ) — 157KB
• bchg-20250109.xsd (EX-101.SCH) — 28KB
• bchg-20250109_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 461,300 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 3,888.15800205 BCH representing $1,756,643. Grayscale Securities, LLC ("Grayscale Securities") acted as the Authorized Participant with respect to these distributions. As a result, there are 46,421,000 Shares issued and outstanding as of January 14, 2025. 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 Operating, LLC as Sponsor of Grayscale Bitcoin Cash Trust (BCH) Date: January 14, 2025 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 Operating, LLC, the Sponsor of the Registrant.

View Full Filing

View this 8-K filing on SEC EDGAR