Grayscale Bitcoin Mini Trust (BTC) Files S-1/A Amendment

TL;DR

Grayscale Bitcoin Mini Trust (BTC) filed an S-1/A. More BTC ETF news coming.

AI Summary

Grayscale Bitcoin Mini Trust (BTC) filed an S-1/A amendment on April 12, 2024, to its registration statement. The trust, incorporated in Delaware, is managed by Grayscale Investments, LLC, located in Stamford, CT. This filing relates to the registration of securities under the Securities Act of 1933.

Why It Matters

This amendment to the S-1 registration statement provides updated information for investors considering the Grayscale Bitcoin Mini Trust, impacting potential investment decisions in Bitcoin-related financial products.

Risk Assessment

Risk Level: medium — The filing concerns a cryptocurrency-related trust, which inherently carries risks associated with digital asset volatility and regulatory uncertainty.

Key Numbers

• 333-277837 — SEC File Number (Identifies the specific registration filing with the SEC.)
• 20240412 — Filing Date (The date the amendment was submitted to the SEC.)

Key Players & Entities

• Grayscale Bitcoin Mini Trust (BTC) (company) — Registrant
• Grayscale Investments, LLC (company) — Manager and Agent for Service
• Michael Sonnenshein (person) — Chief Executive Officer of Grayscale Investments, LLC
• April 12, 2024 (date) — Filing Date
• 333-277837 (dollar_amount) — SEC File Number

FAQ

From the Filing

0001193125-24-094889.txt : 20240412 0001193125-24-094889.hdr.sgml : 20240412 20240412171911 ACCESSION NUMBER: 0001193125-24-094889 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20240412 DATE AS OF CHANGE: 20240412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Bitcoin Mini Trust (BTC) CENTRAL INDEX KEY: 0002015034 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-277837 FILM NUMBER: 24842430 BUSINESS ADDRESS: STREET 1: C/O GRAYSCALE INVESTMENTS, LLC STREET 2: 290 HARBOR DRIVE, 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: (212) 668-1427 MAIL ADDRESS: STREET 1: C/O GRAYSCALE INVESTMENTS, LLC STREET 2: 290 HARBOR DRIVE, 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 S-1/A 1 d785023ds1a.htm S-1/A S-1/A Table of Contents As filed with the Securities and Exchange Commission on April 12, 2024 Registration No. 333-277837 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Grayscale Bitcoin Mini Trust (BTC) (Exact Name of Registrant as Specified in Its Charter) Delaware 6221 99-6383052 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) c/o Grayscale Investments, LLC 290 Harbor Drive, 4th Floor Stamford, Connecticut 06902 (212) 668-1427 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices) Michael Sonnenshein Chief Executive Officer Grayscale Investments, LLC 290 Harbor Drive, 4th Floor Stamford, Connecticut 06902 (212) 668-1427 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service) Copies to: Joseph A. Hall Dan Gibbons Davis Polk & Wardwell LLP 450 Lexington Avenue New York, New York 10017 (212) 450-4000 Approximate date of commencement of proposed sale to the public : As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒ If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ 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 Sec