Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Purchases of equity securities by the issuer and affiliated purchasers — The table below sets forth information regarding DCG’s, the parent company of the Sponsor, open market purchases of Shares of Grayscale Bitcoin Trust (OTCQX:
−Removed: GBTC ) on a monthly basis during the three months ended September 30, 2021:
−Removed: (a) Total Number of Shares of GBTC Purchased
−Removed: (b) Average Price Paid per Share of GBTC
−Removed: (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 1
−Removed: (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding DCG’s, the parent company of the Sponsor, open market purchases of Shares of Grayscale Bitcoin Trust (BTC) (OTCQX:
+Added: on a monthly basis during the three months ended March 31, 2022.
+Added: Price Paid per
(in millions)
−Removed: July 1, 2021 - July 31, 2021
−Removed: August 1, 2021 - August 31, 2021
−Removed: September 1, 2021 - September 30, 2021
+Added: January 1, 2022 – January 31, 2022
+Added: February 1, 2022 – February 28, 2022
+Added: March 1, 2022 – March 31, 2022
On March 10, 2021, the Board of the Sponsor (“the Board”) approved the purchase by DCG, the parent company of the Sponsor, of up to $250 million worth of Shares of the Trust.
1 unchanged sentence
On April 30, 2021, the Board approved the purchase by DCG of up to $750 million worth of Shares of the Trust.
−Removed: This increased DCG’s prior authorization to purchase of up to $250 million worth of Shares by $500 million .
+Added: This increased DCG’s prior authorization to purchase up to $250 million worth of Shares by $500 million.
On October 20, 2021, the Board approved the purchase by DCG of up to $1 billion worth of Shares of the Trust.
+Added: Subsequently, DCG authorized such purchase.
This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million.
+Added: 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: BCHG), Grayscale Digital Large Cap Fund LLC (OTCQX:
+Added: GDLC), Grayscale Ethereum Trust (ETH) (OTCQX:
+Added: ETHE), Grayscale Ethereum Classic Trust (ETC) (OTCQX:
+Added: ETCG), and Grayscale Stellar Lumens Trust (XLM) (OTCQX:
+Added: This increased DCG’s prior authorization to purchase up to $1 billion worth of Shares by up to a maximum of $200 million.
+Added: Subsequently, DCG authorized such purchase.
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.
+Added: From March 10, 2021 through May 2, 2022, DCG has purchased a total of $750.1 million worth of Shares of the Trust.
Defaults Upon Senior Securities
2 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.