GBTC Grayscale Bitcoin Trust ETF

T1 · DIRECT HOLDER confidence · Medium

77 559 sats/share

$61.92 /share at $79 839.00 /BTC

◐10-Q · 2026-06-30 ◐10-Q · 2026-06-30

The path

GBTC ─ 138 505.75680424 BTC / 178 580 100 sh ─▶ 77 559 sats

Sats per share, split-adjusted

Export this chart as PNG — the watermark carries the vintage; screenshots without dates lie.

Split adjustment factors (raw numbers reconstruct: raw = adjusted ÷ factor)

Effective	Ratio	Filing
2018-01-26	91:1	8-K — Predates the 2020-01-01 window; affects nothing in this dataset. EDGAR full-text search of

Vintage

Every figure above is only as current as its oldest contributing input: 2026-06-30 here . Positions and balances may have changed since. Sats per share moves on filings, not on price.

Market data TradingView

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third-party price data · outside the vintage system

Sources

10-Q · filed 2026-08-04 — 138 505.75680424 BTC as of 2026-06-30
10-Q · filed 2026-05-05 — 154 703.84755988 BTC as of 2026-03-31
10-K · filed 2026-02-25 — 165 591.49612215 BTC as of 2025-12-31
10-Q · filed 2025-11-05 — 176 564.29142426 BTC as of 2025-09-30
10-Q · filed 2025-08-01 — 185 098.71230544 BTC as of 2025-06-30
10-Q · filed 2025-05-02 — 193 442.23018809 BTC as of 2025-03-31
10-K · filed 2025-02-28 — 205 398.85921873 BTC as of 2024-12-31
10-Q · filed 2024-11-01 — 221 191.32658883 BTC as of 2024-09-30

All filings →

Notes from the filings

What the filings disclose beyond the numbers — caveats, corporate actions, and composition details recorded at extraction. These qualify the figures above.

[holdings 2026-06-30] Most recent 10-Q. Derived BTC/share vs 178,580,100 period-end shares = 0.00077559.
[holdings 2026-03-31] Derived BTC/share vs 198,720,100 period-end shares = 0.00077850.
[holdings 2025-12-31] Derived BTC/share vs 211,920,100 period-end shares = 0.00078139.
[holdings 2025-09-30] Derived BTC/share vs 225,110,100 period-end shares = 0.00078435.
[holdings 2025-06-30] Derived BTC/share vs 235,100,100 period-end shares = 0.00078732.
[holdings 2025-03-31] Derived BTC/share vs 244,780,100 period-end shares = 0.00079027.
[holdings 2024-12-31] 10-K states each Share represented approximately 0.0008 of one Bitcoin as of December 31, 2024. Derived BTC/share vs 258,950,100 period-end shares = 0.00079320.
[holdings 2024-09-30] Reflects the Initial Distribution of 26,935.83753443 Bitcoin (value approx $1,756.8 million) to Grayscale Bitcoin Mini Trust (BTC), completed July 31, 2024 — a distribution to GBTC shareholders that stepped BTC/share down from ~0.000888 to ~0.000796 with no change in GBTC share count. Derived BTC/share vs 277,810,100 period-end shares = 0.00079620.
[holdings 2024-06-30] Derived BTC/share vs 310,510,100 period-end shares = 0.00088801.
[holdings 2024-03-31] Total held. Of this, 820.1561472 Bitcoin was subject to a recorded Bitcoin payable ($58,252,673) for contractually binding redemption orders not yet settled; net of that payable = 335,112.6543208 BTC. Derived BTC/share vs 375,970,100 period-end shares = 0.00089351. Redemptions began after Jan 11, 2024 spot-ETP uplisting to NYSE Arca.
[holdings 2023-12-31] 10-K states 'As of December 31, 2023, each Share represented approximately 0.0009 of one Bitcoin.' Derived BTC/share vs 692,370,100 period-end shares = 0.00089479. Later filings write the same balance as 619,525.92917020.
[holdings 2023-09-30] Digital assets note; fair value per Bitcoin stated as $27,030.47 at 2023-09-30. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both September 30, 2023 and December 31, 2022.' Implied BTC/share 0.00089931.
[holdings 2023-06-30] Digital assets note; fair value per Bitcoin stated as $30,361.94 at 2023-06-30. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both June 30, 2023 and December 31, 2022.' Implied BTC/share 0.00090386.
[holdings 2023-03-31] Digital assets note; fair value per Bitcoin stated as $28,467.79 at 2023-03-31. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both March 31, 2023 and December 31, 2022.' Implied BTC/share 0.00090838.
[holdings 2022-12-31] 10-K states each Share represented approximately 0.0009 of one Bitcoin as of December 31, 2022. Derived BTC/share vs 692,370,100 period-end shares = 0.00091287.
[holdings 2022-09-30] Digital assets note; fair value per Bitcoin stated as $19,480.51 at 2022-09-30. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both September 30, 2022 and December 31, 2021.' Implied BTC/share 0.00091748.
[holdings 2022-06-30] Digital assets note; fair value per Bitcoin stated as $18,895.01 at 2022-06-30. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both June 30, 2022 and December 31, 2021.' Implied BTC/share 0.00092212.
[holdings 2022-03-31] Digital assets note; fair value per Bitcoin stated as $45,595.55 at 2022-03-31. Filing states 'Each Share represented approximately 0.0009 of one Bitcoin at both March 31, 2022 and December 31, 2021.' Implied BTC/share 0.00092673.
[holdings 2021-12-31] 10-K states each Share represented approximately 0.0009 of one Bitcoin as of December 31, 2021. Derived BTC/share vs 692,370,100 period-end shares = 0.00093131.
[holdings 2021-09-30] Digital assets note; fair value per Bitcoin stated as $43,529.16 at 2021-09-30. Filing states 'Each Share represented approximately 0.0009 ... of one Bitcoin at September 30, 2021'. Implied BTC/share 0.00093602.
[holdings 2021-06-30] Digital assets note; fair value per Bitcoin stated as $34,764.81 at 2021-06-30. Filing states 'Each Share represented approximately 0.0009 ... of one Bitcoin at June 30, 2021'. Implied BTC/share 0.00094075.
[holdings 2021-03-31] Digital assets note; fair value per Bitcoin stated as $58,601.27 at 2021-03-31. Filing also states 'Each Share represented approximately 0.0009 and 0.0010 of one Bitcoin at March 31, 2021 and December 31, 2020, respectively.' Implied BTC/share 0.00094545.
[holdings 2020-12-31] 10-K also states 'each Share represented approximately 0.0010 of one Bitcoin as of December 31, 2020'. Derived BTC/share vs 638,906,600 period-end shares = 0.00095012.
[shares 2026-07-30] Cover page of Q2 2026 10-Q (most recent share count on file).
[shares 2026-06-30] Statements of Assets and Liabilities at June 30, 2026 vs December 31, 2025.
[shares 2026-04-30] Cover page of Q1 2026 10-Q.
[shares 2026-03-31] Statements of Assets and Liabilities at March 31, 2026 vs December 31, 2025.
[shares 2026-02-20] Cover page of FY2025 10-K.
[shares 2025-12-31] Statements of Assets and Liabilities at December 31, 2025 vs December 31, 2024.
[shares 2025-10-31] Cover page of Q3 2025 10-Q.
[shares 2025-09-30] Statements of Assets and Liabilities at September 30, 2025 vs December 31, 2024.
[shares 2025-07-28] Cover page of Q2 2025 10-Q.
[shares 2025-06-30] Statements of Assets and Liabilities at June 30, 2025 vs December 31, 2024.
[shares 2025-04-28] Cover page of Q1 2025 10-Q.
[shares 2025-03-31] Statements of Assets and Liabilities at March 31, 2025 vs December 31, 2024.
[shares 2025-02-24] Cover page of FY2024 10-K.
[shares 2024-12-31] Period-end count.
[shares 2024-10-28] Cover page of Q3 2024 10-Q.
[shares 2024-09-30] Statements of Assets and Liabilities at September 30, 2024 vs December 31, 2023.
[shares 2024-07-29] Cover page of Q2 2024 10-Q.
[shares 2024-06-30] Statements of Assets and Liabilities at June 30, 2024 vs December 31, 2023.
[shares 2024-04-30] Cover page of Q1 2024 10-Q.
[shares 2024-03-31] Statements of Assets and Liabilities at March 31, 2024 vs December 31, 2023.
[shares 2024-02-19] Cover page of FY2023 10-K; reflects heavy post-ETP-conversion redemptions between 2023-12-31 and the cover date.
[shares 2023-12-31] Period-end count.
[shares 2023-09-30] Balance sheet; first column is 2023-09-30, second is 2022-12-31. No Shares issued during the period.
[shares 2023-06-30] Balance sheet; first column is 2023-06-30, second is 2022-12-31. No Shares issued during the period.
[shares 2023-03-31] Balance sheet; first column is 2023-03-31, second is 2022-12-31. No Shares issued during the period.
[shares 2023-02-23] Cover page of FY2022 10-K.
[shares 2022-12-31] Period-end count. Creations were suspended and no redemption program operated, so the count was static 2022-2023.
[shares 2022-09-30] Balance sheet; first column is 2022-09-30, second is 2021-12-31. No Shares issued during the period.
[shares 2022-06-30] Balance sheet; first column is 2022-06-30, second is 2021-12-31. No Shares issued during the period.
[shares 2022-03-31] Balance sheet; first column is 2022-03-31, second is 2021-12-31 (also 692,370,100). Statements of Changes in Net Assets: 'Shares issued —', 'Shares outstanding at end of period 692,370,100'.
[shares 2022-02-22] Cover page of FY2021 10-K.
[shares 2021-12-31] Period-end count.
[shares 2021-09-30] Balance sheet; first column is 2021-09-30, second is 2020-12-31. Statements of Changes in Net Assets shows zero Shares issued in Q3 2021; 'Shares outstanding at end of period 692,370,100'.
[shares 2021-06-30] Balance sheet; first column is 2021-06-30, second is 2020-12-31. Statements of Changes in Net Assets shows zero Shares issued in Q2 2021; 'Shares outstanding at end of period 692,370,100'.
[shares 2021-03-31] Balance sheet (Statements of Assets and Liabilities); first column is 2021-03-31, second is 2020-12-31 (638,906,600). Corroborated by Statements of Changes in Net Assets: 'Shares outstanding at end of period 692,370,100' (53,463,500 Shares issued in Q1 2021).
[shares 2021-02-26] Cover page of FY2020 10-K.
[shares 2020-12-31] Period-end count from key operating metrics / financial statements; single class of Shares.