Every 10-Q that Grayscale Bitcoin Mini Trust ETF (BTC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTC filings page.
Grayscale Bitcoin Mini Trust ETF held 54,280.40050138 bitcoin valued at $3,188,711,898, with a Principal Market NAV per share of $25.98 as of June 30, 2026. Bitcoin’s price on the trust’s principal market fell from $87,549.41 at December 31, 2025 to $58,745.18, driving results.
For the six months ended June 30, 2026, the trust recorded a net decrease in net assets resulting from operations of $1,469,495 (in thousands) and a total return of -32.94%, with net assets down 25% despite net creations. Sponsor’s Fees were $2,825,776 at an annual rate of 0.15% of assets. The vehicle remains a passive, fully invested bitcoin grantor trust with no leverage, derivatives or material cash holdings outside creation and redemption activity.
Grayscale Bitcoin Mini Trust ETF reported a sharp decline in first‑quarter 2026 results driven by falling Bitcoin prices. Net assets fell about 17% to roughly $3.5 billion, and the Trust recorded a net decrease in net assets from operations of $972.9 million.
The fair value of Bitcoin dropped from $87,549.41 per coin at December 31, 2025 to $67,805.29 at March 31, 2026, producing net realized and unrealized losses on Bitcoin of $971.5 million. Principal Market NAV per Share declined from $38.74 to $29.99, a total return of -22.59% for the quarter.
Despite the price decline, the Trust continued to grow in size. It issued about 13.54 million Shares and redeemed 6.27 million Shares, for a net increase of 7.27 million Shares, bringing total Shares outstanding to 116,809,963. Approximately 5,991 Bitcoin were contributed in creations and 2,774 Bitcoin were redeemed, while about 18 Bitcoin were distributed to pay the Sponsor’s 0.15% annual fee.
Grayscale Bitcoin Mini Trust ETF filed its quarterly report, showing higher assets alongside Bitcoin price gains. As of September 30, 2025, the Trust held 47,736.24179635 Bitcoin and reported net assets of $5,461,121 (thousands). Principal Market NAV per Share was $50.65, up from $41.39 at December 31, 2024.
For the quarter, the Trust recorded a net increase in net assets from operations of $285,508 (thousands), driven by unrealized appreciation and realized gains tied to creations and redemptions. During the period, it issued 9,920,000 Shares and redeemed 1,500,000 Shares, ending with 107,829,963 Shares outstanding. The Sponsor’s Fee is 0.15% of assets and is paid in Bitcoin, contributing to small realized transactions.
The Trust calculates fair value using its principal market (Crypto.com as of September 30, 2025) and maintains an Index-based NAV for investor reference. It does not use leverage or derivatives and is structured to have minimal cash balances, with creations/redemptions occurring in Baskets of 10,000 Shares.