1 unchanged sentence
Market Information
−Removed: Prior to October 3, 2022, Shares were distributed by Genesis, acting as the sole Authorized Participant, through sales in private placement transactions exempt from the registration requirements of the Securities Act pursuant to Rule 506(c) thereunder.
−Removed: Since October 3, 2022, Grayscale Securities has been the only acting Authorized Participant of the Trust, and Liquidity Provider(s) have been engaged to source BCH in connection with the creation of Shares.
−Removed: The Shares are quoted on OTCQX under the ticker symbol “BCHG.” Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
+Added: The Shares are quoted on OTC Markets under the ticker symbol “BCHG.”
Holders of Record
1 unchanged sentence
This includes Cede & Co.
−Removed: as nominee for DTC for the Shares traded on OTCQX, but not its direct participants.
−Removed: Therefore, this number does not include the individual holders who have bought Shares on OTCQX or transferred their eligible Shares to their brokerage accounts.
+Added: as nominee for the Depository Trust Company, a limited purpose trust company organized under New York law, a member of the U.S.
+Added: Federal Reserve System and a clearing agency registered with the SEC for the Shares traded on OTC Markets, but not its direct participants.
+Added: Therefore, this number does not include the individual holders who have bought Shares on OTC Markets or transferred their eligible Shares to their brokerage accounts.
Because most of the Trust’s Shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
+Added: The Trust made no distributions to shareholders during the years ended June 30, 2026 and 2025.
+Added: The Trust has no obligation to make periodic distributions to shareholders.
Recent Sales of Unregistered Shares
4 unchanged sentences
In exchange for these sales, the Trust received an aggregate of 431,316.06952950 BCH.
−Removed: During the year ended June 30, 2025, the Registrant distributed 6,757,300 Shares.
Because Shares have been, and continue to be, created and issued on a periodic basis, a “distribution,” as such term is used in the Securities Act, may be occurring from time to time.
2 unchanged sentences
Purchases of Equity Securities
−Removed: Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Bitcoin Cash Trust (BCH) (OTCQX:
−Removed: BCHG) by DCG, the indirect parent company of the Sponsor, on a monthly basis during the three months ended June 30, 2025:
−Removed: (a) Total Number of Shares of BCHG Purchased
−Removed: (b) Average Price Paid per Share of BCHG
−Removed: (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
−Removed: (in millions)
−Removed: April 1, 2025 - April 30, 2025
−Removed: May 1, 2025 - May 31, 2025
−Removed: June 1, 2025 - June 30, 2025
On March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Trust ETF (NYSE Arca:
−Removed: GBTC), Grayscale Digital Large Cap Fund LLC (OTCQX:
−Removed: GDLC), Grayscale Ethereum Trust ETF (NYSE Arca:
−Removed: ETHE), Grayscale Ethereum Classic Trust (ETC) (OTCQX:
−Removed: ETCG), and Grayscale Stellar Lumens Trust (XLM) (OTCQX:
+Added: GBTC), Grayscale Ethereum Classic Trust (ETC) (OTCQX:
+Added: ETCG), Grayscale CoinDesk Crypto 5 ETF (NYSE Arca:
+Added: GDLC), Grayscale Ethereum Staking ETF (NYSE Arca:
+Added: ETHE), and Grayscale Stellar Lumens Trust (XLM) (OTCQX:
Subsequently, DCG authorized such purchase.
The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time.
−Removed: From March 2, 2022 through September 2, 2025, DCG had not purchased any Shares of the Trust under this authorization.
+Added: From March 2, 2022 through August 31, 2026, DCG had not purchased any Shares of the Trust under this authorization.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.