Grayscale Bitcoin Trust Files 8-K Report

Ticker: GBTC · Form: 8-K · Filed: 2024-05-07T00:00:00.000Z

Sentiment: neutral

Topics: filing, agreement, crypto

TL;DR

GBTC filed an 8-K on 5/7/24, reporting a material definitive agreement and financial exhibits.

AI Summary

On May 7, 2024, Grayscale Bitcoin Trust (BTC) filed an 8-K report. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. The company, previously 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 signals a significant event or agreement for Grayscale Bitcoin Trust, potentially impacting its operations or financial standing.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report detailing a definitive agreement and financial exhibits, which is standard corporate disclosure.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Grayscale Bitcoin Trust?

The 8-K filing does not specify the details of the material definitive agreement, only that one has been entered into.

When was the Grayscale Bitcoin Trust previously 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 primary business of Grayscale Bitcoin Trust?

The filing lists the Standard Industrial Classification as [6221] and the organization name as 09 Crypto Assets, indicating its focus on cryptocurrency assets.

In which state is Grayscale Bitcoin Trust incorporated?

Grayscale Bitcoin Trust is incorporated in Delaware.

What is the fiscal year end for Grayscale Bitcoin Trust?

The fiscal year end for Grayscale Bitcoin Trust is December 31.

From the Filing

0000950170-24-054580.txt : 20240507 0000950170-24-054580.hdr.sgml : 20240507 20240507162524 ACCESSION NUMBER: 0000950170-24-054580 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240507 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 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: 24922392 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-20240507.htm 8-K 8-K 0001588489 false 0001588489 2024-05-07 2024-05-07     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): May 7, 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 1.01 Entry into a Material Definitive Agreement. On May 7, 2024, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), and CSC Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into Amendment No. 2 ( “Amendment No. 2”) to the Seventh Amended and Restated Declaration of Trust and Trust Agreement, dated as of March 15, 2024, as amended by Amendment No. 1 thereto dated as of March 15, 2024 (the “Seventh A&R Trust Agreement”) in order to make certa

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