1 unchanged sentence
Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Bitcoin Trust (BTC) (OTCQX:
−Removed: GBTC) by DCG, the parent company of the Sponsor, on a monthly basis during the three months ended September 30, 2022:
+Added: GBTC) by Digital Currency Group, Inc.
+Added: (“DCG”), the parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2023:
+Added: of Shares that
(in millions)
−Removed: July 1, 2022 – July 31, 2022
−Removed: August 1, 2022 – August 31, 2022
−Removed: September 1, 2022 – September 30, 2022
+Added: January 1, 2023 – January 31, 2023
+Added: February 1, 2023 – February 28, 2023
+Added: March 1, 2023 – March 31, 2023
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.
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 up to $250 million worth of Shares by $500 million.
+Added: This increased DCG’s prior authorization to purchase up to $250 million work 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.
−Removed: Subsequently, DCG authorized such purchase.
This increased DCG’s prior authorization to purchase up to $750 million worth of Shares by $250 million.
7 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 October 31, 2022, DCG has purchased a total of $771.8 million worth of Shares of the Trust.
+Added: From March 10, 2021 through June 30, 2022, DCG purchased a total of $771.8 million worth of Shares of the Trust under this authorization.
+Added: From July 1, 2022 through May 1, 2023, DCG had not purchased any Shares of the Trust under this authorization.
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.