Grayscale Bitcoin Mini Trust (BTC) Q2 2024 Update

Ticker: BTC · Form: 10-Q · Filed: 2024-08-30T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, dividend, crypto, bitcoin

Related Tickers: BTC

TL;DR

**BTC Trust declares dividends in July 2024, check Q2 2024 financials.**

AI Summary

Grayscale Bitcoin Mini Trust (BTC) filed its 10-Q for the period ending June 30, 2024. The filing details its financial position and operational updates. A key event noted is the declaration of dividends on July 19, 2024, and July 30, 2024, with the trust's fiscal year ending on December 31.

Why It Matters

This filing provides insight into the financial health and recent activities of the Grayscale Bitcoin Mini Trust, which is relevant for investors tracking their exposure to Bitcoin.

Risk Assessment

Risk Level: medium — The trust's value is directly tied to Bitcoin's price, which is highly volatile, and it is subject to regulatory changes.

Key Players & Entities

FAQ

What was the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing was for the quarter ended June 30, 2024.

When was the 10-Q filed?

The 10-Q was filed on August 30, 2024.

Did the Grayscale Bitcoin Mini Trust declare any dividends?

Yes, the trust declared dividends on July 19, 2024, and July 30, 2024.

Who is the sponsor of the Grayscale Bitcoin Mini Trust?

The sponsor is Grayscale Investments, LLC.

What is the fiscal year end for the Grayscale Bitcoin Mini Trust?

The fiscal year end for the trust is December 31.

From the Filing

0000950170-24-102091.txt : 20240830 0000950170-24-102091.hdr.sgml : 20240830 20240830083351 ACCESSION NUMBER: 0000950170-24-102091 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 30 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240830 DATE AS OF CHANGE: 20240830 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-42194 FILM NUMBER: 241266060 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 10-Q 1 btc-20240630.htm 10-Q 10-Q false 0002015034 --12-31 Q2 2024 0002015034 btc:CoinbaseIncMember btc:SponsorParentMember 2024-04-29 2024-06-30 0002015034 btc:BTCTrustMember us-gaap:SubsequentEventMember btc:O2024M2DividendsMember 2024-07-19 2024-07-19 0002015034 btc:BTCTrustMember us-gaap:SubsequentEventMember btc:O2024M2DividendsMember 2024-07-30 2024-07-30 0002015034 2024-04-28 0002015034 btc:BTCTrustMember us-gaap:SubsequentEventMember 2024-07-19 2024-07-19 0002015034 btc:BTCTrustMember us-gaap:SubsequentEventMember 2024-07-31 2024-07-31 0002015034 us-gaap:SubsequentEventMember 2024-08-26 0002015034 btc:SponsorMember us-gaap:SubsequentEventMember 2024-07-19 2024-07-19 0002015034 btc:BTCTrustMember us-gaap:SubsequentEventMember 2024-07-30 2024-07-30 0002015034 btc:SponsorMember 2024-06-30 0002015034 us-gaap:SubsequentEventMember 2024-08-26 2024-08-26 0002015034 2024-04-29 2024-06-30 0002015034 btc:SponsorMember 2024-04-29 2024-06-30 0002015034 us-gaap:CommonStockMember btc:SponsorMember 2024-04-29 2024-06-30 0002015034 2024-06-30 0002015034 us-gaap:RelatedPartyMember 2024-04-29 2024-06-30 0002015034 2024-08-26 0002015034 us-gaap:CommonStockMember btc:SponsorMember 2024-06-30 0002015034 us-gaap:RelatedPartyMember 2024-06-30 2024-06-30 btc:Bitcoin xbrli:pure xbrli:shares iso4217:USD xbrli:shares iso4217:USD   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 001-42194   Grayscale Bitcoin Mini Trust (BTC) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)         Delaware 99-6383052 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)   c/o Grayscale Investments, LLC 290 Harbor Drive, 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code) ( 212 ) 668-1427 (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 Grayscale Bitcoin Mini Trust (BTC) Shares BTC NYSE Arca, Inc.     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 been subject to such filing requirements for the past 90 days. Yes ☐ No ☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 m

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