Grayscale Bitcoin Trust Btc (QX) (GBTC) Fundamentals

Description
Grayscale Bitcoin Trust (BTC) ("GBTC") is an investment vehicle that enables investors to gain access and exposure to Bitcoin in the form of a security without the challenges of buying, storing, and safekeeping Bitcoin directly. Shares are distributed through sales in private placement transactions and become eligible to sell into the public market after a statutory six-month holding period. While an investment in the shares is not a direct investment in Bitcoin, the shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Bitcoin. The shares are quoted on OTCQX under the ticker symbol "GBTC." GBTC's investment objective is for its shares (based on Bitcoin per share) to reflect the value of the Bitcoin held by GBTC, less GBTC's expenses and other liabilities. To date, GBTC has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Bitcoin held by GBTC, less GBTC's expenses and other liabilities, but have instead traded at both premiums and discounts to such value, which at times have been substantial. In the event the Shares trade at a substantial premium, investors who purchase Shares on OTCQX will pay substantially more for their Shares than investors who purchase Shares in the private placement. Bitcoin per share is updated daily: https://grayscale.com/products/grayscale-bitcoin-trust/. GBTC's sponsor is Grayscale Investments.
Share Info
StatusActive
Market Cap$ 8,557,694,436
Shares Authorized99,999,999,999
Shares Outstanding692,370,100
Shares Outstanding Date01/20/2023
Shareholder Count94
Shareholder Count Date02/25/2022
Float680,186,120
Float Date06/30/2022
Short Interest7,365,552
Short Interest Date12/30/2022
Reporting Info
Reporting StatusSEC Reporting
BankruptNo
ShellNo
Audit StatusYes
AuditorMarcum LLP
Auditor Address730 Third Ave
New York, New York 10017
USA
Auditor Websitehttp://www.marcumllp.com
IR Firm-
IR Firm Address-
IR Firm Website-
Legal CounselGunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
Legal Counsel AddressOne Bush Plaza, Suite 1200
San Francisco,, California 94104
USA
Legal Counsel Websitehttp://www.gunder.com
Fiscal Year End12/31
ADR Ratio-
Transfer AgentContinental Stock Transfer & Trust Company
Transfer Agent Address1 State Street Plaza
30th Floor
New York, NY 10004
USA
Depository Websitehttp://www.continentalstock.com
SHO Flag-
3210 Flag-
Company Info
Ticker SymbolUSOTC:GBTC
OTC Market TierOTCQX U.S.
Security TypeCommon Stock
CIK Number0001588489
Address290 Harbor Drive, 4th Floor
Stamford, Connecticut 06902
CountryUSA
Phone+1 212-668-1427
Fax #-
Websitehttps://grayscale.com/
SIC Code / Description6733 / Trusts, misc
Key ExecutivesAssociate - Taha Masroor
VP, Corp. Comm. - Jenn Rosenthal
Chief Legal Officer - Craig Salm
Associate - Emily Mouillesseaux
Director, Leg. & Bus. Aff. - Jacob Karlsruher
Other - Accounts Payable
Finance & Controlling - Refat Chowdhury
Accountant - Eloise Smith
Other - Other Contact
Director, Ops. - Jordan Palmer
Director, Fin. - Felica Palasz
CFO - Edward McGee
CEO - Michael Sonnenshein
Managing Director, Sales and Business Development - Ray Sharif-Askary
Director, Financial Reporting - Kathryn Masci
Associate - William Keegan
Accountant - Tomor Dishnica
Number of Employees72
Incorporation StateDelaware
Incorporation CountryUSA
Incorporation Year2013
Your Recent History
USOTC
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