Grayscale Bitcoin Trust (BTC) Files 8-K Report

TL;DR

GBTC filed an 8-K on 7/19. Standard update, no major news yet.

AI Summary

On July 19, 2024, Grayscale Bitcoin Trust (BTC) filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits," indicating updates or disclosures related to the trust's operations and financial status. No specific new financial figures or significant events were detailed in the provided excerpt.

Why It Matters

This filing provides routine updates on Grayscale Bitcoin Trust's operational and financial disclosures, which are important for investors tracking the trust's status.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report with no immediate indication of significant new risks or material adverse events.

Key Players & Entities

• Grayscale Bitcoin Trust (BTC) (company) — Registrant
• 20240719 (date) — Filing Date
• 212-668-1427 (phone_number) — Registrant's Telephone Number

FAQ

Filing Documents

• gbtc-20240719.htm (8-K) — 48KB
• gbtc-ex99_1.htm (EX-99.1) — 29KB
• 0000950170-24-084769.txt ( ) — 197KB
• gbtc-20240719.xsd (EX-101.SCH) — 26KB
• gbtc-20240719_htm.xml (XML) — 5KB

01. Other Events

Item 8.01. Other Events. On July 19, 2024, Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Bitcoin Trust (BTC) (the "GBTC Trust"), issued a press release announcing that its board of directors has declared a pro rata distribution on the shares of the GBTC Trust (the "GBTC Shares"), pursuant to which each holder of GBTC Shares as of 4:00 PM ET on July 30, 2024 (the "Record Date," and such holders, the "GBTC Record Holders") will be entitled to receive shares (the "BTC Shares") of Grayscale Bitcoin Mini Trust (BTC) (the "BTC Trust"), a Delaware statutory trust sponsored by the Sponsor, in connection with its previously announced initial creation and distribution of BTC Shares (such transactions collectively, the "Initial Distribution"), as described in a preliminary information statement on Schedule 14C (the "Preliminary Information Statement"), initially filed with the Securities and Exchange Commission on March 22, 2024, as amended through the date of this report and as may be further amended from time to time. The GBTC Trust will also file a definitive information statement on Schedule 14C with the Securities and Exchange Commission on or after the Record Date. In the Initial Distribution, the GBTC Trust will contribute 10% of the Bitcoin that it holds as of 4:00 PM ET on the Record Date to the BTC Trust, and each GBTC Record Holder will be entitled to receive BTC Shares pro rata based on a 1:1 ratio, such that for each one (1) GBTC Share held by a GBTC Record Holder, such GBTC Record Holder will be entitled to receive one (1) BTC Share on the Distribution Date. The Distribution Date will be the first date following the Record Date on which the conditions to the Initial Distribution have been satisfied, including (i) the filing and effectiveness of the BTC Trust's registration statement on Form 8-A to register the BTC Shares under the Exchange Act, (ii) the effectiveness of the BTC Trust's registration statement on Form S-1 (Registration

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated July 19, 2024, of Grayscale Investments, LLC 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: July 19, 2024 By: /s/ Edward McGee Name: Edward McGee Title: 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