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 (BTC) (OTCQX:
−Removed: on a monthly basis during the three months ended March 31, 2022.
+Added: Purchases of equity securities by the issuer and affiliated purchasers —The following table summarizes the Share purchase activity for the three months ended June 30, 2022:
Price Paid per
(in millions)
−Removed: January 1, 2022 – January 31, 2022
−Removed: February 1, 2022 – February 28, 2022
−Removed: March 1, 2022 – March 31, 2022
−Removed: 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.
+Added: April 1, 2022 – April 30, 2022
+Added: May 1, 2022 – May 31, 2022
+Added: June 1, 2022 – June 30, 2022 2
+Added: On March 10, 2021, the Board approved the purchase by DCG, the parent company of the Sponsor, of up to $250 million worth of Shares of the Trust.
Subsequently, DCG authorized such purchase.
12 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 May 2, 2022, DCG has purchased a total of $750.1 million worth of Shares of the Trust.
+Added: From March 10, 2021 through August 1, 2022, DCG has purchased a total of $771.8 million worth of Shares of the Trust.
+Added: Shares received which were pledged as collateral under a loan agreement for which the counterparty defaulted and were subsequently assumed by Genesis Global Holdco, LLC and subsidiaries, which are wholly owned subsidiaries of DCG.
+Added: The price ascribed to the Shares represents the value attributed to the collateral at the time of default and does not reflect the value of the Shares when determining the open claim against the counterparty, which has yet to be finalized under bankruptcy proceedings.
+Added: These amounts do not impact the remaining amount of Shares that can be repurchased under the publicly announced program.
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.