Grayscale Bitcoin Trust (BTC) Files 8-K Report

TL;DR

GBTC filed a routine 8-K, no major news.

AI Summary

On March 12, 2024, Grayscale Bitcoin Trust (BTC) filed an 8-K report. The filing primarily serves as a current report, indicating no major new financial events or disclosures beyond routine updates. The company, formerly known as Bitcoin Investment Trust, is incorporated in Delaware and has its principal executive offices in Stamford, Connecticut.

Why It Matters

This 8-K filing by Grayscale Bitcoin Trust (BTC) is a routine disclosure, signaling no significant new events or financial changes that would immediately impact investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K current report, typically used for routine disclosures and not indicative of significant new risks or opportunities.

Key Numbers

• 001-41906 — SEC File Number (Identifies the specific filing with the SEC)
• 46-7019388 — IRS Employer Identification No. (Tax identification number for the entity)

Key Players & Entities

• Grayscale Bitcoin Trust (BTC) (company) — Registrant
• Bitcoin Investment Trust (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Stamford, Connecticut (location) — Principal executive offices
• March 12, 2024 (date) — Date of report

FAQ

Filing Documents

• gbtc-20240312.htm (8-K) — 45KB
• gbtc-ex99_1.htm (EX-99.1) — 20KB
• 0000950170-24-029937.txt ( ) — 182KB
• gbtc-20240312.xsd (EX-101.SCH) — 26KB
• gbtc-20240312_htm.xml (XML) — 5KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On March 12, 2024, Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Bitcoin Trust (BTC) (the "Trust"), published a letter to its shareholders describing a new Delaware Statutory Trust sponsored by the Sponsor for the purpose of holding Bitcoins, Grayscale Bitcoin Mini Trust (BTC) ("BTC"), which the Sponsor currently intends to seed as a spot Bitcoin ETF through a spin-off resulting from a contribution by the Trust of a certain amount of the Trust's Bitcoin to BTC, with shares of BTC to be distributed pro rata to the Trust's shareholders as of a record date in the future. Such event is subject to regulatory review and customary conditions, including the effectiveness of BTC's registration statement on Form S-1 initially filed with the Securities and Exchange Commission (the "SEC") on March 12, 2024, filing and effectiveness of a registration statement on Form 8-A to be filed by BTC with the SEC, and approval of NYSE Arca's listing application with respect to BTC. The Trust also intends to file an information statement on Schedule 14C with the SEC, describing the terms and conditions of the contemplated spin-off. No assurance can be given that the spin-off and distribution will occur. A copy of the shareholder letter is attached to this Current Report as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Shareholder Letter Describing Grayscale Bitcoin Trust (BTC) Spin-Off 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

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 Trust (BTC)* Date: March 12, 2024 By: /s/ Michael Sonnenshein Michael Sonnenshein Chief Executive Officer * As the Registrant is a trust, this report is being filed on behalf of the Registrant by Grayscale Investments, LLC, only in its capacity as the sponsor of the Registrant. The identified person signing this report is signing in his capacity as an authorized officer of Grayscale Investments, LLC.

View Full Filing

View this 8-K filing on SEC EDGAR