iShares Bitcoin Trust Files 2023 Annual Report

TL;DR

IBIT 10-K filed: Bitcoin trust details for FY2023. BlackRock involved.

AI Summary

The iShares Bitcoin Trust (IBIT) filed its 10-K for the fiscal year ending December 31, 2023. The filing details the trust's operations and financial status related to its holdings of Bitcoin. BlackRock Financial Management Inc. is identified as a member, and the trust is incorporated in Delaware.

Why It Matters

This 10-K filing provides investors and the public with a comprehensive overview of the iShares Bitcoin Trust's performance and operational details for the past fiscal year.

Risk Assessment

Risk Level: medium — The trust's value is directly tied to the volatile price of Bitcoin, and it faces regulatory and operational risks inherent in cryptocurrency investments.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 10-K filing.)

Key Players & Entities

• iShares Bitcoin Trust (company) — Filer of the 10-K
• BlackRock Financial Management Inc. (company) — Identified member of the trust
• 2023-12-31 (date) — Fiscal year end for the report
• Delaware (location) — State of incorporation

FAQ

From the Filing

0001437749-24-006339.txt : 20240304 0001437749-24-006339.hdr.sgml : 20240304 20240301204101 ACCESSION NUMBER: 0001437749-24-006339 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 39 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares Bitcoin Trust CENTRAL INDEX KEY: 0001980994 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41914 FILM NUMBER: 24712576 BUSINESS ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-670-6416 MAIL ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 10-K 1 bit20231231_10k.htm FORM 10-K bit20231231_10k.htm 0001980994 iShares Bitcoin Trust false --12-31 FY 2023 false false false false No par value, unlimited amount authorized. 0001980994 2023-06-08 2023-12-31 iso4217:USD 0001980994 2023-06-30 xbrli:shares 0001980994 2024-02-29 thunderdome:item 0001980994 2023-12-31 iso4217:USD xbrli:shares 0001980994 2023-10-26 0001980994 2023-10-27 2023-12-31 0001980994 ibit:BlackRockFinancialManagementIncMember 2023-06-08 2023-12-31 0001980994 ibit:BlackRockFinancialManagementIncMember 2023-12-31 0001980994 srt:MaximumMember 2023-06-08 2023-12-31 xbrli:pure 0001980994 ibit:BlackRockFinancialManagementIncMember us-gaap:SubsequentEventMember 2024-01-05 2024-01-05 0001980994 ibit:BlackRockFinancialManagementIncMember us-gaap:SubsequentEventMember 2024-01-05 0001980994 us-gaap:SubsequentEventMember 2024-01-05 2024-01-05 0001980994 srt:ScenarioForecastMember 2024-01-11 2025-01-11 0001980994 srt:ScenarioForecastMember 2025-01-11     Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 10-K   ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   For the transition period from                               to                                 Commission File Number: 001-41914   iShares ® Bitcoin Trust (Exact name of registrant as specified in its charter)   Delaware 93-6461129 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)   c/o iShares Delaware Trust Sponsor LLC 400 Howard Street San Francisco , California 94105 Attn: Product Management Team iShares Product Research & Development (Address of principal executive offices) (Zip Code)   ( 415 ) 670-2000 (Registrant’s telephone number, including area code)   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Shares IBIT The Nasdaq Stock Market LLC   Securities registered pursuant to Section 12(g) of the Act: None   Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No  ☒   Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐  No  ☒   Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has