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

From the Filing

0000950170-24-029937.txt : 20240312 0000950170-24-029937.hdr.sgml : 20240312 20240312161148 ACCESSION NUMBER: 0000950170-24-029937 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240312 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240312 DATE AS OF CHANGE: 20240312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Bitcoin Trust (BTC) CENTRAL INDEX KEY: 0001588489 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 467019388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41906 FILM NUMBER: 24742184 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212-668-1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Bitcoin Investment Trust DATE OF NAME CHANGE: 20131004 8-K 1 gbtc-20240312.htm 8-K 8-K false 0001588489 0001588489 2024-03-12 2024-03-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 12, 2024     Grayscale Bitcoin Trust (BTC) (Exact name of Registrant as Specified in Its Charter)     Delaware 001-41906 46-7019388 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           c/o Grayscale Investments, LLC 290 Harbor Drive, 4th Floor   Stamford , Connecticut   06902 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 212 668-1427   N/A (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Grayscale Bitcoin Trust (BTC) Shares     GBTC   NYSE Arca, Inc. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐           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 distribut