Registration and prospectus / Grayscale Bitcoin Mini Trust (BTC) | Tables in SEC filings

BTC Grayscale Bitcoin Mini Trust (BTC)

IPO registration (amended)

The following table illustrates the movements in the GBTC Index Price from January 1, 2019 to June 30, 2024 using a methodology identical to the Index Price methodology that is described under “—Overview of the Bitcoin Industry and Market—The Index and the Index Price.” During such period, the GBTC Index Price ranged from $3,358.99 to $67,352.59, with the straight average being $24,574.41 through June 30, 2024. The Sponsor has not observed a material difference between the GBTC Index Price (and does not expect there to be a material difference between the Index Price), on the one hand, and average prices from the constituent Digital Asset Trading Platforms individually or as a group, on the other.


			High				Low
Period	Average		Index Price		Date		Index Price		Date		End of period		Last business day
Twelve months ended June 30, 2020	$	8,827.99	$	12,501.68		7/9/2019	$	4,941.00		3/16/2020	$	9,137.70	$	9,137.70
Twelve months ended June 30, 2021	$	29,530.34	$	63,472.70		4/15/2021	$	9,032.59		7/5/2020	$	34,759.99	$	34,759.99
Twelve months ended June 30, 2022	$	42,804.30	$	67,352.59		11/9/2021	$	18,034.01		6/18/2022	$	18,883.90	$	18,883.90
Twelve months ended June 30, 2023	$	22,543.45	$	30,903.22		6/23/2023	$	15,768.02		11/21/2022	$	30,398.50	$	30,398.50
Twelve months ended June 2024	$	45,782.40	$	73,462.59		3/13/2024	$	25,005.87		9/11/2023	$	61,930.73	$	59,955.97
July 1, 2019 to June 30, 2024	$	29,894.86	$	73,462.59		3/13/2024	$	4,941.00		3/16/2020	$	61,930.73	$	59,955.97


	Historical		Transaction Accounting Adjustments			Autonomous Entity Adjustments			Pro Forma
	(Amounts in thousands, except Share and per Share amounts)
Assets:
Investment in Bitcoin, at fair value (cost $456,843 as of March 31, 2024)	$	—	$	456,843	(a)	$	1,497,936	(e)	$	1,954,779

Total assets	$	—	$	456,843			1,497,936		$	1,954,779

Liabilities:
Sponsor’s Fee payable, related party	$	—	$	—	(b)	$	—		$	—

Total liabilities	$	—	$	—		$	—		$	—

Net Assets	$	—	$	456,843		$	1,497,936		$	1,954,779

Shares issued and outstanding, no par value (unlimited)		—		310,510,100	(c)		310,510,100			310,510,100

Principal market net asset value per Share	$	—	$	1.47	(d)	$	4.82		$	6.30


	Historical		Transaction Accounting Adjustments			Autonomous Entity Adjustments			Pro Forma
	(Amounts in thousands)
Investment income:
Investment income	$	—	$	—	(b)	$	—		$	—
Expenses:
Sponsor’s Fee, related party		—		—			550	(i)		550

Net investment loss		—		—			(550)			(550)

Net realized and unrealized gain (loss) from:
Net realized gain on investment in Bitcoin		—		—			379	(j)		379
Net change in unrealized appreciation (depreciation) on investment in Bitcoin		—		—			783,917	(k)		783,917

Net realized and unrealized gain (loss) on investment		—		—			784,296			784,296

Net increase (decrease) in net assets resulting from operations	$	—	$	—		$	783,746		$	783,746


	Historical		Transaction Accounting Adjustments		Autonomous Entity Adjustments			Pro Forma
	(Amounts in thousands)
Investment income:
Investment income	$	—	$	—	$	—		$	—
Expenses:
Sponsor’s Fee, related party		—		—		1,192	(f)		1,192

Net investment loss		—		—		(1,192)			(1,192)

Net realized and unrealized gain (loss) from:
Net realized gain on investment in Bitcoin		—		—		506	(g)		506
Net change in unrealized appreciation (depreciation) on investment in Bitcoin		—		—		714,020	(h)		714,020

Net realized and unrealized gain (loss) on investment		—		—		714,526			714,526

Net increase (decrease) in net assets resulting from operations	$	—	$	—	$	713,334		$	713,334


Digital Asset Trading Platforms expected to be included in the Index	Volume (Bitcoin)		Market Share(1)
Coinbase		47,940,637		25.51	%
Bitstamp		23,937,143		12.74	%
Kraken		13,888,002		7.39	%
LMAX Digital		9,763,031		5.19	%
Crypto.com		1,403,569		0.75	%

Total Bitcoin-U.S. Dollar trading pair		96,932,382		51.58	%

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