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 February 28, 2025, there were approximately fifty-nine (59) DTC
participating shareholders of record of the Trust. 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. On December 16, 2024, 50,000 shares were sold for proceeds $5,637,003.
As of December 31, 2024, WisdomTree Inc. did not own any outstanding Shares of the Trust. 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.
(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
None
$ —
November 1, 2024 to November 30, 2024
None
—
December 1, 2024 to December 31, 2024
None
—
Total
None
$ —
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
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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.