2 unchanged sentences
GBTC) by Digital Currency Group, Inc.
−Removed: (“DCG”), the indirect parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2025:
+Added: (“DCG”), the indirect parent company of the Sponsor, on a monthly basis during the three months ended June 30, 2025:
(a) Total Number of Shares of GBTC Purchased
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(in millions)
−Removed: January 1, 2025 - January 31, 2025
−Removed: February 1, 2025 - February 28, 2025
−Removed: March 1, 2025 - March 31, 2025
+Added: April 1, 2025 - April 30, 2025
+Added: May 1, 2025 - May 31, 2025
+Added: June 1, 2025 - June 30, 2025
(1) On March 10, 2021, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to $250 million worth of Shares of the Trust.
4 unchanged sentences
This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million.
−Removed: On March 2, 2022, the Board approved the purchase by DCG, the parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Cash Trust (BCH) (OTCQX:
+Added: On March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Cash Trust (BCH) (OTCQX:
BCHG), Grayscale Digital Large Cap Fund LLC (OTCQX:
5 unchanged sentences
The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time.
−Removed: From March 10, 2021 through March 31, 2023, DCG purchased a total of $771.8 million worth of Shares of the Trust under this authorization.
−Removed: From October 1, 2022 through April 28, 2025, DCG had not purchased any Shares of the Trust under this authorization.
−Removed: Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 1,665 Baskets (16,650,000 Shares) during the quarter ended March 31, 2025:
+Added: From March 10, 2021 through June 30, 2023, DCG purchased a total of $771.8 million worth of Shares of the Trust under this authorization.
+Added: From October 1, 2022 through July 28, 2025, DCG had not purchased any Shares of the Trust under this authorization.
+Added: Although the Trust does not purchase Shares directly from its shareholders, in connection with its redemption of Baskets, the Trust redeemed 1,189 Baskets (11,890,000 Shares) during the three months ended June 30, 2025:
Total Number of Shares of GBTC Redeemed
Average Price Paid per Share of GBTC (1)
−Removed: January 1, 2025 - January 31, 2025
−Removed: February 1, 2025 - February 28, 2025
−Removed: March 1, 2025 - March 31, 2025
+Added: April 1, 2025 - April 30, 2025
+Added: May 1, 2025 - May 31, 2025
+Added: June 1, 2025 - June 30, 2025
(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.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.