Invesco Galaxy Bitcoin ETF 10-K

ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information The Shares began trading on the Cboe BZX Exchange Inc. on January 11, 2024 under the symbol “BTCO.” Holders As of January 31, 2025, the Trust had 83 holders of record of its Shares. Sales of Unregistered Securities and Use of Proceeds of Registered Securities In connection with the Trust’s launch, the Trust was seeded with $100,000 on December 20, 2023 through the sale of 4,000 Shares at a per-Share price of $25.00 by the Trust to the Sponsor. On January 2, 2024, the Sponsor purchased an additional 200,000 Shares at a per-Share price of $25.00. Upon completion of that transaction, the total assets in the Trust from the sale of the Shares to the Sponsor (on both December 20, 2023 and January 2, 2024, collectively) were $5,100,000, with 204,000 Shares outstanding. On January 4, 2024, the Sponsor redeemed all of its Shares for cash at a per-Share price of $25.00 for a total redemption value of $5,100,000 and immediately created 110,000 Shares (22 Creation Baskets) at a price of $44.16305 per Share based on the Benchmark price as of 4:00 p.m. ET on January 4, 2024. (a) There have been no unregistered sales of the Shares. No Shares are authorized for issuance by the Trust under equity compensation plans. (b) Not applicable. (c) Although the Trust did not redeem Shares directly from its Shareholders, the Trust redeemed Creation Units from Authorized Participants during the three months ended December 31, 2024 as follows: Period of Redemption Total Number of Shares Redeemed Average Price Paid per Share October 1, 2024 to October 31, 2024 — $ — November 1, 2024 to November 30, 2024 140,000 93.98 December 1, 2024 to December 31, 2024 1,065,000 96.16 Total 1,205,000 $ 95.90 ITEM 6. RESERVED. 39