GBTC to distribute shares of new Grayscale Bitcoin Mini Trust (BTC) on July 31; 10% of Bitcoin contributed

Grayscale Bitcoin Trust ETF

Record date July 30, 2024; each GBTC share receives one BTC share on July 31.
GBTC contributes 10% of its Bitcoin (BTC Portion) to the new trust; 90% retained (GBTC Portion).
GBTC Bitcoin-per-share ratio pre-distribution: 0.00088695; post-distribution GBTC ratio 90% of that.
No gain/loss expected for U.S. tax purposes; basis allocated 90% to GBTC shares and 10% to BTC shares.
BTC shares begin trading on NYSE Arca on July 31, 2024; no additional expenses for holders.

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