---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-002865"
form_type: "8-K"
ticker: "GBTC"
cik: "0001588489"
company_name: "Grayscale Bitcoin Trust ETF"
filed_at: "2022-03-04T23:59:59+00:00"
generated_at: "2026-06-27T01:35:49.319978+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DCG authorizes $250M share repurchases for Grayscale trusts; $200M for six products including GBTC

## Summary
- Up to $30M for Grayscale Litecoin Trust (LTCN), $10M for Horizen Trust (HZEN), $10M for Zcash Trust (ZCSH).
- Up to $200M aggregate for Grayscale Bitcoin Trust (GBTC), Bitcoin Cash Trust (BCHG), Digital Large Cap Fund (GDLC), Ethereum Classic Trust (ETCG), Ethereum Trust (ETHE), Stellar Lumens Trust (GXLM).
- This increases prior authorizations: DCG has $301.3M remaining for GBTC and $4.5M for ETCG share repurchases.
- Purchases on open market under Rule 10b-18 using cash on hand; no obligation to buy and may be modified or discontinued.

## SEC filing metadata
- accession: 0000950170-22-002865
- form_type: 8-K
- ticker: GBTC
- cik: 0001588489
- company_name: Grayscale Bitcoin Trust ETF
- filed_at: 2022-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588489/000095017022002865/0000950170-22-002865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588489/000095017022002865/gbtc-20220302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-002865
- JSON: https://secwatch.observer/filing/0000950170-22-002865.json
- Plain text: https://secwatch.observer/filing/0000950170-22-002865.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.