Grayscale Bitcoin Trust Files 8-K

Ticker: GBTC · Form: 8-K · Filed: 2024-03-18T00:00:00.000Z

Sentiment: neutral

Topics: corporate-action, filing, trust

TL;DR

GBTC filed an 8-K on 3/14/24 covering material agreements and shareholder votes.

AI Summary

On March 14, 2024, Grayscale Bitcoin Trust (BTC) filed an 8-K report detailing its entry into a material definitive agreement and submission of matters to a vote of security holders. The filing also includes financial statements and exhibits. 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 indicates significant corporate actions and disclosures from Grayscale Bitcoin Trust, which could impact investors' understanding of the trust's operational and financial status.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report for corporate disclosures and does not appear to contain immediate negative news.

Key Numbers

Key Players & Entities

FAQ

What specific material definitive agreement was entered into by Grayscale Bitcoin Trust?

The filing states entry into a material definitive agreement but does not specify the details of the agreement within the provided text.

What matters were submitted to a vote of security holders?

The filing indicates that matters were submitted to a vote of security holders, but the specific matters are not detailed in the provided text.

When was Grayscale Bitcoin Trust formerly known as Bitcoin Investment Trust?

The date of the name change from Bitcoin Investment Trust to Grayscale Bitcoin Trust was October 4, 2013.

What is the business phone number for Grayscale Bitcoin Trust?

The business phone number for Grayscale Bitcoin Trust is 212-668-1427.

What is the state of incorporation for Grayscale Bitcoin Trust?

Grayscale Bitcoin Trust is incorporated in Delaware.

From the Filing

0000950170-24-032813.txt : 20240318 0000950170-24-032813.hdr.sgml : 20240318 20240318160126 ACCESSION NUMBER: 0000950170-24-032813 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240314 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240318 DATE AS OF CHANGE: 20240318 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: 24758915 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-20240314.htm 8-K 8-K false 0001588489 0001588489 2024-03-14 2024-03-14     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 14, 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(g) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Grayscale Bitcoin Trust (BTC) Shares   GBTC   N/A 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 1.01. Entry into a Material Definitive Agreement. On March 15, 2024, following approval of the Proposal (as defined below), Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into the Seventh Amended and Restated Declaration of Trust and Trust Agreement, dated as of March 15, 2024 (the “Seventh A&R Trust Agreement”). The amendments implemented by

View on Read The Filing