Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S
COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
On January 11, 2024, the Shares commenced trading on Cboe BZX Exchange,
Inc. under the ticker symbol “BTCW”.
Holders
As
of March 1, 2024, there were approximately forty-nine (49) DTC participating shareholders of record of the Trust, along with WisdomTree,
Inc., as an initial shareholder. Because all of the Trust’s Shares are held by brokers and other institutions or intermediaries
on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
Dividends
The Trust has no record of paying cash dividends and has no intention
to pay cash dividends in the foreseeable future.
Recent Sales of Unregistered Securities; Use
of Proceeds From Registered Securities
WisdomTree,
Inc., the parent of the Sponsor, purchased: (i) 1,000 Shares at a price per Share of $50 on December 22, 2023 for proceeds of $50,000,
and (ii) 49,000 Shares at a price per Share of $50 on January 8, 2024 for proceeds of $2,450,000, for a total of $2,500,000, resulting
in total ownership of 50,000 Shares. The issuance of such Shares was effected in reliance upon an exemption from registration provided
by Section 4(a)(2) of the 1933 Act.
On January 10, 2024, the Trust’s registration statement on Form
S-1/A (File No. 333-254134) was declared effective pursuant to which the Trust registered an unlimited number of Shares. The Trust’s
Shares began trading on the Cboe BZX Exchange, Inc. on January 11, 2024 and since that date, through March
26, 2024 (excluding any redemptions), the Trust sold 1,120,000 Shares for aggregate
proceeds of $ 65,937,530. The Trust seeks to use substantially all of the proceeds of the
offering of Shares to make investments in bitcoin in a manner consistent with the Trust’s investment objective.
Purchases of Equity Securities by the Issuers
and Affiliated Purchaser
None.
ITEM 6. RESERVED
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.