Bitwise Bitcoin ETF to acquire Osprey Bitcoin Trust assets; OBTC holders to get BITB shares

Bitwise Bitcoin ETF

APA signed Aug. 26, 2024; BITB to acquire all bitcoin of Osprey Bitcoin Trust (OBTC) for BITB shares.
OBTC unitholders will receive BITB shares via liquidating distribution; no changes for existing BITB holders.
Transaction expected to close in Q4 2024; intended to be tax-free for OBTC unitholders under U.S. federal income tax.
Closing subject to customary conditions, including SEC registration of the Consideration Shares.

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