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 open market purchases of Shares of Grayscale Bitcoin Trust (BTC) (OTCQX:
+Added: 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) (NYSE Arca:
GBTC) by Digital Currency Group, Inc.
−Removed: (“DCG”), the parent company of the Sponsor, on a monthly basis during the three months ended September 30, 2023:
+Added: (“DCG”), the parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2024:
of Shares that
(in millions)
−Removed: July 1, 2023 – July 31, 2023
−Removed: August 1, 2023 – August 31, 2023
−Removed: September 1, 2023 – September 30, 2023
+Added: January 1, 2024 – January 31, 2024
+Added: February 1, 2024 – February 29, 2024
+Added: March 1, 2024 – March 31, 2024
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.
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 parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and s hares of
+Added: 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 September 30, 2022, DCG purchased a total of $771.8 million worth of Shares of the Trust under this authorization.
−Removed: From October 1, 2022 through October 30, 2023, DCG had not purchased any Shares of the Trust under this authorization.
+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 April 30, 2024, 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.