M&A: Grayscale Bitcoin Trust (BTC)

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: Update

Accession Number: 000095017025001114

Comments: On January 1, 2025, Grayscale Investments, LLC (GSI) completed a corporate reorganization where GSI merged with and into Grayscale Operating, LLC (GSO), which is a wholly owned subsidiary of Digital Currency Group, Inc. Following the merger, GSO became the successor of GSI, inheriting all rights, powers, privileges, and obligations. The operational impact on the Grayscale Bitcoin Trust ETF is not expected to be material. GSO also assigned certain sponsorship contracts to Grayscale Investments Sponsors, LLC, an additional sponsor, through various assignment agreements. GSO withdrew as a sponsor on January 3, 2025, after a withdrawal notice period of 120 days, leaving GSIS as the sole sponsor of the Trust.

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