Grayscale Bitcoin Trust ETF 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 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: GBTC ) on a monthly basis during the three months ended March 31, 2021: Period (a) Total Number of Shares of GBTC Purchased (b) Average Price Paid per Share of GBTC (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 1 (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) January 1, 2021 - January 31, 2021 - $ - - $ - February 1, 2021 - February 28, 2021 - - - - March 1, 2021 - March 31, 2021 1,695,217 47.94 1,695,217 168.7 Total 1,695,217 $ 47.94 1,695,217 $ 168.7 (1) 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. Subsequently, DCG authorized such purchase. On April 30, 2021, the Board approved the purchase by DCG of up to $750 million worth of Shares of the Trust. This increases DCG’s prior authorization to purchase of up to $250 million worth of Shares by $500 million . 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. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.