Complete Filing Data
Grayscale Bitcoin Trust ETF reported Unrealized Gain Loss On Investments of -$4.58 billion for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Grayscale Bitcoin Trust ETF did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 |
|---|---|---|
| Profit Loss | -$993.5M | $16.09B |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q1 2024 |
|---|---|---|
| Profit Loss | -$2.20B | $12.15B |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Unrealized Gain Loss On Investments | -$4.58B | -$3.09B | $16.03B | -$18.97B | $10.10B | $11.15B | $663.2M | -$1.98B | |
| Gain Loss On Investments | -$713.0M | $16.38B | $16.25B | -$18.75B | $10.57B | $11.20B | $686.6M | -$1.96B | |
| Assets Net | $14.50B | $19.18B | $26.35B | $10.46B | $29.58B | $17.72B | $1.87B | $751.6M | $2.49B |
| Stockholders Equity Period Increase Decrease | -$3.69B | -$23.26B | $0.00 | $0.00 | $1.91B | $4.75B | $462.8M | $246.2M | |
| Net Assets From Operations Increase Decrease | -$993.5M | $16.09B | $15.89B | -$19.11B | $9.95B | ||||
| Liabilities | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||
| Assets | $14.50B | $19.18B | $26.35B | $10.46B | $29.58B | $17.72B | $1.87B | ||
| Accounts Payable Fair Value Disclosure | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $0.00 | $0.00 | $0.00 | ||||||
| Investments Owned At Fair Value | $14.50B | $19.18B | $26.35B | ||||||
| Investments Owned At Cost | $2.84B | $2.94B | $7.02B | ||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | $0.00 | $0.00 | |||||||
| Accounts Payable Related Parties Current And Noncurrent | |||||||||
| Safeguarding Liability Platform Operator Crypto Asset |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrealized Gain Loss On Investments | -$5.63B | $275.7M | $3.99B | -$3.22B | $5.07B | -$2.43B | -$6.21B | $475.6M | $9.56B | -$2.13B | $1.13B | $7.48B | -$1.87B | $347.6M | -$17.16B | -$284.3M | $1.40B | $5.60B | -$15.68B | $18.77B | $10.04B | $571.7M | $810.4M | -$278.2M | -$298.8M | -$717.5M | $1.59B | $86.5M |
| Gain Loss On Investments | -$4.61B | $1.23B | $4.79B | -$2.13B | $6.61B | $375.3M | -$2.85B | $12.24B | $9.63B | -$2.08B | $1.18B | $7.51B | -$1.85B | $379.5M | -$17.09B | -$189.2M | $1.55B | $5.70B | -$15.57B | $18.88B | $10.07B | $582.4M | $817.5M | -$271.7M | -$292.5M | -$708.1M | $1.60B | $88.4M |
| Assets Net | $20.20B | $19.95B | $15.95B | $14.04B | $17.08B | $23.80B | $16.83B | $19.00B | $17.90B | $12.37B | $12.06B | $29.26B | $28.21B | $22.64B | $38.36B | $4.82B | $3.53B | $1.97B | $1.98B | $2.53B | $878.0M | |||||||
| Stockholders Equity Period Increase Decrease | -$901.4M | -$723.2M | -$1.03B | -$3.36B | -$3.81B | -$14.70B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91B | $723.9M | $757.4M | $389.5M | $164.1M | $64.7M | $41.8M | |||||||
| Net Assets From Operations Increase Decrease | -$4.67B | $1.16B | $4.72B | -$2.20B | $6.54B | $319.5M | -$2.92B | $12.15B | $9.52B | -$2.17B | $1.10B | $7.44B | $311.3M | |||||||||||||||
| Liabilities | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $58.3M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||
| Investment Owned Percent Of Net Assets | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | ||||||||||
| Assets | $20.20B | $19.95B | $15.95B | $14.04B | $17.08B | $23.86B | $16.83B | $19.00B | $17.90B | $12.37B | $12.06B | $29.26B | $28.21B | $22.64B | $38.36B | $4.82B | $3.53B | $1.97B | ||||||||||
| Accounts Payable Fair Value Disclosure | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||
| Investments Owned At Fair Value | $20.20B | $19.95B | $15.95B | $14.04B | $17.08B | $23.80B | ||||||||||||||||||||||
| Investments Owned At Cost | $2.87B | $3.47B | $3.99B | |||||||||||||||||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | $0.00 | $0.00 | ||||||||||||||||||||||||||
| Accounts Payable Related Parties Current And Noncurrent | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||||
| Safeguarding Liability Platform Operator Crypto Asset | $58.3M | $0.00 |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Increase Decrease In Operating Assets | -$993.5M | $16.09B | $15.89B | -$19.11B | $9.95B | $11.10B | $651.8M | -$1.99B |
| Increase Decrease In Net Assets | -$4.68B | -$7.17B | $15.89B | -$19.11B | $11.86B | $15.85B | $1.11B | -$1.74B |
| Proceeds From Issuance Of Common Stock | $627.7M | $782.2M | ||||||
| Proceeds From Disposition Of Investment Operating Activity | $4.33B | $22.27B | ||||||
| Payments For Repurchase Of Common Stock | $4.33B | $22.27B | ||||||
| Payments For Purchase Of Investment Operating Activity | $627.7M | $782.2M | ||||||
| Net Cash Provided By Used In Operating Activities | $3.70B | $21.49B | ||||||
| Net Cash Provided By Used In Financing Activities | -$3.70B | -$21.49B | ||||||
| Increase Decrease In Accounts Payable | $0.00 | $0.00 | ||||||
| Proceeds From Sale Of Trust Assets To Pay Expenses | $280.6M | $290.5M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Increase Decrease In Operating Assets | $1.16B | $4.72B | -$2.20B | $319.5M | -$2.92B | $12.15B | $9.52B | -$2.17B | $1.10B | $7.44B | -$1.91B | $311.3M | -$17.19B | -$320.2M | $1.37B | $5.57B | -$15.72B | $18.74B | $10.02B | $560.4M | $802.7M | -$283.5M | -$302.9M | -$720.5M | $1.59B | $84.5M |
| Increase Decrease In Net Assets | $254.2M | $4.00B | -$3.23B | -$3.04B | -$6.73B | -$2.55B | -$2.17B | $1.10B | $7.44B | $311.3M | -$17.19B | -$320.2M | $5.57B | -$15.72B | $20.64B | $1.28B | $1.56B | $106.0M | -$556.4M | $1.66B | $126.4M | |||||
| Proceeds From Issuance Of Common Stock | $197.0M | $79.0M | ||||||||||||||||||||||||
| Proceeds From Disposition Of Investment Operating Activity | $1.24B | $14.74B | ||||||||||||||||||||||||
| Payments For Repurchase Of Common Stock | $1.24B | $14.74B | ||||||||||||||||||||||||
| Payments For Purchase Of Investment Operating Activity | $197.0M | $79.0M | ||||||||||||||||||||||||
| Net Cash Provided By Used In Operating Activities | $1.04B | $14.66B | ||||||||||||||||||||||||
| Net Cash Provided By Used In Financing Activities | -$1.04B | -$14.66B | ||||||||||||||||||||||||
| Increase Decrease In Accounts Payable | $0.00 | $0.00 | ||||||||||||||||||||||||
| Proceeds From Sale Of Trust Assets To Pay Expenses | $68.9M | $94.9M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Shares Outstanding | 211.9M | 259.0M | 692.4M | 692.4M | 692.4M | 638.9M | 269.4M | 206.6M | 174.3M |
| Net Asset Value Per Share | $68.41 | $74.08 | $38.06 | $15.11 | $42.72 | $27.73 | $6.93 | $3.64 | $14.30 |
| Common Stock Other Shares Outstanding | 211.9M | 259.0M | 692.4M | 692.4M | 692.4M | 638.9M | 269.4M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares Outstanding | 225.1M | 235.1M | 244.8M | 277.8M | 310.5M | 376.0M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 471.0M | 402.9M | 315.8M | 245.0M | 230.2M | 217.9M |
| Net Asset Value Per Share | $89.73 | $84.84 | $65.15 | $50.53 | $54.99 | $63.31 | $24.31 | $27.44 | $25.86 | $17.87 | $17.42 | $42.25 | $40.74 | $32.70 | $55.40 | $10.23 | $8.77 | $6.24 | $8.07 | $11.00 | $4.03 |
| Common Stock Other Shares Outstanding | 225.1M | 235.1M | 244.8M | 277.8M | 310.5M | 376.0M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 692.4M | 471.0M | 402.9M | 315.8M |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Sponsor Fees | $280.6M | $290.5M | $360.6M | $360.7M | $615.4M | $93.5M | $34.7M | $28.5M | |
| Investment Income Net | -$280.6M | -$290.5M | -$360.6M | -$360.7M | -$615.4M | -$93.5M | -$34.7M | -$28.5M | |
| Realized Investment Gains Losses | $3.87B | $19.47B | $218.8M | $216.1M | $470.2M | $50.3M | $23.3M | $22.4M | |
| Stock Issued During Period Shares New Issues | 8.0M | 13.1M | 10.0K | 0.00 | 53.5M | 369.5M | 62.9M | 32.3M | |
| Investment Owned At Fair Value | $14.50B | $19.18B | $26.35B | $10.46B | $29.58B | $17.72B | $1.87B | $751.6M | $2.49B |
| Stock Issued During Period Shares Period Increase Decrease | -47.0M | -433.4M | 0.00 | 0.00 | 53.5M | 369.5M | 62.9M | 32.3M | |
| Stock Issued During Period Value New Issues | $629.4M | $790.7M | $0.00 | $0.00 | -$1.91B | -$4.75B | -$462.8M | $246.2M | |
| Investment Owned At Cost | $2.84B | $2.94B | $7.02B | $7.16B | $7.30B | $5.54B | $839.1M | ||
| Realized Investment Gains Losses Sold To Pay Expenses | $236.6M | $232.4M | $218.8M | $216.1M | |||||
| Realized Investment Gains Losses Sold For Redemption Of Shares | 3.64B | 17.83B | 0.00 | 0.00 | |||||
| Investment Income | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| Investment Owned Unrecognized Unrealized Appreciation | $19.33B | $3.31B | $22.27B | $12.17B | $1.03B | ||||
| Additional Paid In Capital | -$7.51B | -$7.51B | -$7.51B | -$5.61B | -$861.4M | ||||
| Accumulated Net Realized Gain | -$1.01B | -$795.1M | -$579.1M | -$108.9M | -$58.6M | ||||
| Accumulated Net Investment Loss | $1.51B | $1.15B | $789.8M | $174.3M | $80.8M | ||||
| Stock Redeemed Or Called During Period Value | $4.32B | $22.29B | $0.00 | $0.00 | |||||
| Stock Redeemed Or Called During Period Shares | 55.0M | 446.5M | 0.00 | 0.00 | |||||
| Realized Investment Gains Losses Sold For Initial Distribution Return Of Capital | $0.00 | $1.41B | $0.00 | $0.00 | |||||
| Return Of Capital | $0.00 | $1.76B | $0.00 | $0.00 | |||||
| Transfer Of Bitcoin To Pay For Sponsors Fee | $280.6M | $290.5M | |||||||
| Transfer Of Bitcoin Used For Initial Distribution Return Of Capital | $0.00 | $1.76B | |||||||
| Quantity Of Bitcoin |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sponsor Fees | $64.4M | $78.0M | $69.3M | $68.9M | $67.8M | $55.8M | $72.0M | $94.9M | $113.5M | $88.4M | $87.6M | $71.1M | $57.7M | $68.3M | $103.7M | $131.0M | $182.4M | $137.3M | $151.5M | $144.3M | $44.8M | $22.1M | $14.8M | $11.8M | $10.4M | $12.4M | $8.1M | $3.9M |
| Investment Income Net | -$64.4M | -$78.0M | -$69.3M | -$68.9M | -$67.8M | -$55.8M | -$72.0M | -$94.9M | -$113.5M | -$88.4M | -$87.6M | -$71.1M | -$57.7M | -$68.3M | -$103.7M | -$131.0M | -$182.4M | -$137.3M | -$151.5M | -$144.3M | -$44.8M | -$22.1M | -$14.8M | -$11.8M | -$10.4M | -$12.4M | -$8.1M | -$3.9M |
| Realized Investment Gains Losses | $1.09B | $11.77B | $78.0M | $52.8M | $52.2M | $35.9M | $21.6M | $31.9M | $67.5M | $95.1M | $145.4M | $100.2M | $114.6M | $109.9M | $26.1M | $10.7M | $7.1M | $6.5M | $6.3M | $9.5M | $5.7M | $1.8M | ||||||
| Stock Issued During Period Shares New Issues | 1.5M | 2.2M | 2.5M | 2.2M | 4.1M | 1.5M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53.5M | 68.1M | 87.1M | 46.4M | 14.7M | 12.3M | 11.3M | |||||||
| Investment Owned At Fair Value | $20.20B | $19.95B | $15.95B | $14.04B | $17.08B | $23.86B | $16.83B | $19.00B | $17.90B | $12.37B | $12.06B | $29.26B | $28.21B | $22.64B | $38.36B | $4.82B | $3.53B | $1.97B | ||||||||||
| Stock Issued During Period Shares Period Increase Decrease | -10.0M | -9.7M | -14.2M | -32.7M | -65.5M | -316.4M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53.5M | 68.1M | 87.1M | 46.4M | 14.7M | 12.3M | 11.3M | |||||||
| Stock Issued During Period Value New Issues | $135.5M | $165.6M | $192.6M | $116.1M | $245.3M | $79.2M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$1.91B | $723.9M | $757.4M | $389.5M | $164.1M | $64.7M | $41.8M | |||||||
| Investment Owned At Cost | $2.91B | $2.93B | $2.93B | $2.87B | $3.47B | $4.00B | $7.05B | $7.09B | $7.12B | $7.19B | $7.23B | $7.27B | $7.34B | $7.38B | $7.41B | $2.69B | $1.97B | $1.22B | ||||||||||
| Realized Investment Gains Losses Sold To Pay Expenses | $53.5M | $66.9M | $58.3M | $57.9M | $56.8M | $43.6M | $58.4M | $73.6M | $78.0M | $52.8M | $52.2M | $35.9M | ||||||||||||||||
| Realized Investment Gains Losses Sold For Redemption Of Shares | 971.2M | 890.9M | 743.2M | 1.03B | 1.48B | 1.35B | 3.30B | 11.70B | 0.00 | 0.00 | 0.00 | |||||||||||||||||
| Investment Income | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||
| Investment Owned Unrecognized Unrealized Appreciation | $9.78B | $11.91B | $10.78B | $5.18B | $4.83B | $21.99B | $20.87B | $15.27B | $30.95B | $2.13B | $1.56B | $748.9M | ||||||||||||||||
| Additional Paid In Capital | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$7.51B | -$2.73B | -$2.01B | -$1.25B | ||||||||||||||||
| Accumulated Net Realized Gain | -$935.9M | -$883.2M | -$831.0M | -$773.6M | -$741.7M | -$674.2M | -$433.6M | -$333.4M | -$218.8M | -$82.8M | -$72.2M | -$65.1M | ||||||||||||||||
| Accumulated Net Investment Loss | $1.40B | $1.31B | $1.22B | $1.09B | $1.02B | $920.8M | $607.4M | $470.1M | $318.6M | $129.5M | $107.4M | $92.6M | ||||||||||||||||
| Stock Redeemed Or Called During Period Value | $1.04B | $888.8M | $1.23B | $1.72B | $4.05B | $14.78B | $0.00 | $0.00 | $0.00 | |||||||||||||||||||
| Stock Redeemed Or Called During Period Shares | 11.5M | 11.9M | 16.7M | 34.9M | 69.6M | 317.9M | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
| Realized Investment Gains Losses Sold For Initial Distribution Return Of Capital | $0.00 | $0.00 | $1.41B | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||||
| Return Of Capital | $0.00 | $1.76B | $0.00 | |||||||||||||||||||||||||
| Transfer Of Bitcoin To Pay For Sponsors Fee | $68.9M | $94.9M | ||||||||||||||||||||||||||
| Transfer Of Bitcoin Used For Initial Distribution Return Of Capital | ||||||||||||||||||||||||||||
| Quantity Of Bitcoin | $622.7K | $632.0K |
Most recent annual filing with the SEC: February 25, 2026
Data sourced from SEC EDGAR public filings as of August 7, 2026.