Fri, Aug 30, 12:35 PM (137 days ago)
For the quarter ending June 30, 2024, Grayscale Bitcoin Mini Trust (BTC) reported total assets of $100,000, with no liabilities, resulting in net assets of $100,000. The Trust issued 10,000 shares at a price of $10.00 each, generating $100,000 in capital. There were no operational revenues or investment gains during this period, as the Trust is designed to passively hold Bitcoin and issue shares based on Bitcoin deposits. Key developments include the SEC's approval to list the Trust's shares on NYSE Arca, which commenced trading on July 31, 2024. Additionally, the Trust completed an Initial Distribution, where Grayscale Bitcoin Trust contributed approximately 26.94 Bitcoin, equating to a pro-rata distribution of shares to its shareholders. The Trust's future operations are contingent on market conditions and regulatory developments, particularly regarding its ability to create and redeem shares through in-kind transactions. While cash flow from operations is not anticipated, the Trust's structure aims to reflect Bitcoin's value, net of expenses. The absence of significant liabilities or operational cash flow suggests a conservative financial posture as it navigates the evolving digital asset landscape.