Grayscale Bitcoin Trust (GBTC)

Company Profile

The following section sets forth certain consequences under ERISA and the Code which a fiduciary of an “employee benefit plan” as defined in and subject to the fiduciary responsibility provisions of ERISA, or of a “plan” as defined in and subject to Section 4975 of the Code, who has investment discretion should consider before deciding to acquire Shares with plan assets (such “employee benefit plans” and “plans” being referred to herein as “Plans,” and such fiduciaries with investment discretion being referred to herein as “Plan Fiduciaries”). The following summary is not intended to be complete, but only to address certain questions under ERISA and the Code that are likely to be raised by the Plan Fiduciary’s own counsel.

Company profile

Ticker

GBTC, BTC

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Miscellaneous > Pooled Investment Fund

Industry (SIC)

Commodity Contracts Brokers & Dealers

SPDR Gold Trust • Ishares Gold Trust • iShares Silver Trust • Invesco DB Commodity Index Tracking Fund • Invesco DB Agriculture Fund • abrdn Gold ETF Trust • Ceres Orion • iShares S&P GSCI Commodity-Indexed Trust • United States Natural Gas Fund • United States Oil Fund ...

Former names

Bitcoin Investment Trust

SEC CIK

0001588489

Corporate docs

Articles of Incorporation & Bylaws

Indentures

Material Contracts & Credit Agreements

Latest filings (excl ownership)

View all

D/A

Indefinite amount in investment fund, sold $7.46 bn, 976 investors

4 Jan 23

8-K

Regulation FD Disclosure

4 Nov 22

Entry into a Material Definitive Agreement

3 Oct 22

8-K

Changes in Registrant's Certifying Accountant

5 Aug 22

Regulation FD Disclosure

6 May 22

Digital Currency Group Announces $250 Million Share Repurchase Program for About Digital Currency Group

4 Mar 22

Latest ownership filings

Three Arrows Capital Pte. Ltd.

Three Arrows Capital Pte. Ltd.

11 Jun 20

Financial summary

Financial statements Chart GBTC financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q3 2022

GBTC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	43	43	–
Opened positions	6	6	–
Closed positions	6	16	-62.5%
Increased positions	8	6	+33.3%
Reduced positions	8	17	-52.9%

13F shares	Current	Prev Q	Change
Total value	2.10 bn	2.17 bn	-3.5%
Total shares	66.25 mm	66.70 mm	-0.7%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Three Arrows Capital Pte.	38.89 mm	$1.24 bn	0.0%
BlockFi	19.85 mm	$587.82 mm	0.0%
ARK Investment Management	6.49 mm	$74.06 mm	-4.3%
PKW Parkwood	260.00 k	$2.97 mm	0.0%
Emerald Mutual Fund Advisers Trust	215.47 k	$2.46 mm	0.0%
Rothschild Investment	95.45 k	$1.09 mm	-13.6%
Benedetti & Gucer	64.28 k	$733.00 k	+47.7%
SlateStone Wealth	32.58 k	$372.00 k	0.0%
Canton Hathaway	28.20 k	$322.00 k	-32.0%
ONB Old National Bancorp	27.93 k	$319.00 k	+16.1%

Largest transactions	Shares	Bought/sold	Change
ARK Investment Management	6.49 mm	-295.02 k	-4.3%
Kingfisher Capital	10.27 k	-97.81 k	-90.5%
Almanack Investment Partners	0.00	-42.24 k	EXIT
tru Independence	11.32 k	-33.52 k	-74.8%
Captrust Financial Advisors	0.00	-29.28 k	EXIT
Benedetti & Gucer	64.28 k	+20.77 k	+47.7%
Spectrum Planning & Advisory Services	15.66 k	+15.66 k	NEW
Rothschild Investment	95.45 k	-15.00 k	-13.6%
Canton Hathaway	28.20 k	-13.30 k	-32.0%
First National Trust	11.02 k	+11.02 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.