Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
Information
On
December 19, 2025, the Shares commenced trading on The Nasdaq Stock Market LLC under the ticker symbol “OBTC”.
Holders
As
of March 27, 2026, there were approximately 34 shareholders of record of the Trust. Because all of the Trust’s Shares are held
by brokers and other institutions or intermediaries on behalf of shareholders, we are unable to estimate the total number of shareholders
represented by these record holders.
Dividends
The
Trust has no record of paying cash dividends and has no intention to pay cash dividends in the foreseeable future.
Recent
Sales of Unregistered Shares; Use of Proceeds From Registered Securities
Although
the Trust did not redeem Shares directly from its Shareholders, the Trust redeemed Baskets from Authorized Participants during the three
months ended December 31, 2025 as follows:
Period of Redemption
Total Number
of Shares
Redeemed
Average Price
Paid per
Share
October 1, 2025 to October 31, 2025
—
$ —
November 1, 2025 to November 30, 2025
—
—
December 1, 2025 to December 31, 2025
1,080,000
28.37
Total
1,080,000
$ 28.37
The
Trust seeks to use substantially all of the proceeds of the offering of Shares to make investments in Bitcoin in a manner consistent
with the Trust’s investment objective.
Purchases
of Equity Securities by the Issuers and Affiliated Purchaser
None.
ITEM
6. RESERVED
62
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