Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stock holder Matters and Issuer Purchases of Equity Securities
Market Information
The Shares commenced trading on NYSE Arca on July 31, 2024 under the ticker symbol “BTC.”
Holders of Record
As of December 31, 2025, there were approximately 30 DTC participating shareholders of record of the Trust. 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.
Dividends
The Trust made no distributions to shareholders during the period from July 31, 2024 to December 31, 2024 and the year ended December 31, 2025. The Trust has no obligation to make periodic distributions to shareholders .
Recent Sales of Unregistered Shares
Not applicable.
Purchases of Equity Securities
Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets from Authorized Participants during the three months ended December 31, 2025, the Trust redeemed the following Shares:
Period
Total Number of Shares of BTC Redeemed
Average Price Paid per Share of BTC (1)
October 1, 2025 - October 31, 2025
830,000
$
48.33
November 1, 2025 - November 30, 2025
7,440,000
43.33
December 1, 2025 - December 31, 2025
1,510,000
39.63
Total
9,780,000
$
43.19
(1) The Price Paid per Share is based on the NAV per Share, which is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Trust’s NAV per Share is calculated using a non-GAAP methodology where the price is derived from multiple Digital Asset Trading Platforms.
Item 6. [ R e served]
82
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.