Grayscale Bitcoin Mini Trust ETF BTC
Grayscale Bitcoin Mini Trust ETF (formerly known as Grayscale Bitcoin Mini Trust (BTC)) (the "Trust") is a Delaware Statutory Trust that was formed on March 12, 2024, by the filing of the Certificate of Trust with the Delaware Secretary of State in accordance with the provisions of the Delaware Statutory Trust Act.
The Trust's purpose is to hold Bitcoin tokens ("Bitcoin"), which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols.
As of December 31, 2025, the Trust holds approximately 0.24% of the Bitcoin in circulation. The size of the Trust's position does not itself enable the Sponsor or the Trust to participate in or otherwise influence the development of the Bitcoin Network. As a decentralized digital asset network, the Bitcoin Network consists of several stakeholders, including core developers of Bitcoin, users, services, businesses, miners and other constituencies, of which the Trust is only one constituent. Furthermore, in contrast to other protocols in which token holders participate in the governance of the network, ownership of Bitcoin confers no such rights.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Net income | -$437.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Total assets | $4.24B | $3.55B |
| Total liabilities | $0 | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Operating cash flow | -$1.12B | — |
| Financing cash flow | $1.12B | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-071952.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2024 | FY2025 |
|---|---|---|
| Revenue | — | — |
| Gross profit | — | — |
| Net income | — | -$437.2M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Officer or director change Item 5.02
- Material agreement signed Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GLD | SPDR GOLD TRUST | $129.19B | — | — |
| IBIT | iShares Bitcoin Trust ETF | $59.81B | — | — |
| IAU | ISHARES GOLD TRUST | $59.26B | — | — |
| GLDM | World Gold Trust | $27.23B | — | — |
| SLV | iShares Silver Trust | $26.22B | — | — |
| ETHA | iShares Ethereum Trust ETF | $20.82B | — | — |
| GBTC | Grayscale Bitcoin Trust ETF | $10.79B | — | — |
| AGQ | ProShares Trust II | $6.92B | — | — |