Grayscale Bitcoin Mini Trust (BTC) Q3 2024 10-Q Filed

Ticker: BTC · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, cryptocurrency, trust-filing

Related Tickers: BTC

TL;DR

**BTC 10-Q OUT: Trust reports on Q3 2024, check for dividends & subsequent events.**

AI Summary

Grayscale Bitcoin Mini Trust (BTC) filed its 10-Q for the period ending September 30, 2024. The filing details the trust's operations and financial position related to its Bitcoin holdings. Key events include a subsequent event on October 24, 2024, and dividend distributions on July 19, 2024.

Why It Matters

This filing provides investors with an update on the Grayscale Bitcoin Mini Trust's performance and holdings, crucial for understanding the trust's current financial health and operational status.

Risk Assessment

Risk Level: medium — The trust's value is directly tied to Bitcoin, a volatile asset, and its performance is subject to market fluctuations and 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 period ending September 30, 2024.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted to the SEC on November 1, 2024.

Were there any subsequent events reported after the period end?

Yes, a subsequent event was reported on October 24, 2024.

Did the trust issue any dividends during the reporting period?

Yes, dividend distributions were made on July 19, 2024.

Who is listed as the sponsor for the Grayscale Bitcoin Mini Trust?

Grayscale Investments, LLC is listed as the sponsor for the Grayscale Bitcoin Mini Trust.

From the Filing

0000950170-24-120123.txt : 20241101 0000950170-24-120123.hdr.sgml : 20241101 20241101164838 ACCESSION NUMBER: 0000950170-24-120123 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241101 DATE AS OF CHANGE: 20241101 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: 241419725 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-20240930.htm 10-Q 10-Q 0002015034 None None false Q3 None 2024 None --12-31 http://grayscale.com/20240930#InvestmentInBitcoinMember 0002015034 btc:BTCTrustMember btc:SponsorMember us-gaap:SubsequentEventMember 2024-10-24 2024-10-24 0002015034 btc:BTCTrustMember 2024-07-30 2024-07-30 0002015034 btc:BTCTrustMember 2024-07-31 2024-07-31 0002015034 us-gaap:SubsequentEventMember 2024-10-28 2024-10-28 0002015034 2024-07-31 2024-07-31 0002015034 us-gaap:FairValueInputsLevel2Member 2024-09-30 0002015034 btc:BTCTrustMember btc:O2024M2DividendsMember 2024-07-19 2024-07-19 0002015034 2024-07-31 2024-09-30 0002015034 srt:MaximumMember 2024-07-31 2024-09-30 0002015034 us-gaap:SubsequentEventMember 2024-10-28 0002015034 btc:SponsorMember 2024-07-31 2024-07-31 0002015034 2024-07-30 0002015034 us-gaap:FairValueInputsLevel1Member 2024-09-30 0002015034 btc:SponsorMember 2024-07-31 2024-09-30 0002015034 btc:BTCTrustMember 2024-07-31 0002015034 btc:BTCTrustMember btc:SponsorMember us-gaap:SubsequentEventMember 2024-11-04 2024-11-04 0002015034 us-gaap:FairValueInputsLevel3Member 2024-09-30 0002015034 btc:SponsorMember 2024-09-30 0002015034 us-gaap:CommonStockMember btc:SponsorMember 2024-04-29 0002015034 btc:CoinbaseIncMember btc:SponsorParentMember 2024-07-31 2024-09-30 0002015034 btc:SponsorMember 2024-07-19 2024-07-19 0002015034 btc:InvestmentMember 2024-09-30 0002015034 btc:InvestmentInBitcoinMember 2024-09-30 0002015034 btc:BTCTrustMember 2024-07-31 2024-09-30 0002015034 2024-10-28 0002015034 2024-09-30 0002015034 us-gaap:CommonStockMember btc:SponsorMember 2024-04-29 2024-04-29 0002015034 btc:BTCTrustMember btc:O2024M2DividendsMember 2024-07-30 2024-07-30 0002015034 us-gaap:RelatedPartyMember 2024-09-30 0002015034 us-gaap:RelatedPartyMember 2024-07-31 2024-09-30 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 September 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 fil

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