Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a) On January 9, 2024, the Trust sold 500,000 Shares to FMR Capital, Inc., an affiliate of the Sponsor, for $40 per Share in a transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. Proceeds from such sale were used to purchase bitcoin. No further sales of unregistered securities are contemplated.
(b) Not applicable.
(c) The Trust does not purchase Shares directly from its shareholders. The following table summarizes the redemptions by Authorized Participants during the nine months ended September 30, 2024:
Title of Securities Registered*
Date
Total Number of Shares Redeemed
Average Price
Per Share
Fidelity® Wise Origin® Bitcoin Fund
Shares
01/01/2024 to 1/31/2024
—
—
02/01/2024 to 2/29/2024
—
—
03/01/2024 to 3/31/2024
25,000
$
61.96
04/01/2024 to 04/30/2024
1,275,000
$
54.05
05/01/2024 to 05/31/2024
3,800,000
$
50.29
06/01/2024 to 06/30/2024
9,350,000
$
56.77
07/01/2024 to 07/31/2024
700,000
$
57.63
08/01/2024 to 08/31/2024
8,075,000
$
51.88
09/01/2024 to 09/30/2024
9,125,000
$
49.84
* The registration statement covers an indeterminate amount of securities to be offered or sold.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not Applicable.
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.