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Grayscale Bitcoin Trust (BTC)(NYSEMKT) GBTC

Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2015)+11,787%
5 Year+62%
1 Year-47%
1 Month+7%
$49.21
-0.47%
-0.23Today
Grayscale Bitcoin Trust (BTC) last closing stock price
MetricPriceDate
Last closeUSD 49.442026-07-28
Grayscale Bitcoin Trust (BTC) stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.98%USD 51.492026-07-21
1 month+6.83%USD 46.282026-06-26
3 month-15.75%USD 58.682026-04-29
Year to date-27.68%USD 68.362025-12-31
1 year-46.77%USD 92.882025-07-28
3 year+196.08%USD 16.702023-07-28
5 year+62.35%USD 30.452021-07-29
Since inception+11,787.18%USD 0.422015-05-04

Grayscale Bitcoin Trust (BTC) Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$0.00

Net Income (TTM)

$0.00

EPS (TTM)

$0.00

P/E Ratio

0.00

Dividend

$0.00

Beta (Volatility)

1.65 (High)

Price

$49.21

Volume

1,763,240.379

Open

$49.66

Previous Close

$49.20

Daily Range

$49.16 - $50.11

52-Week Range

$44.98 - $99.12

Estimated Earnings Date

Nov 1, 2024

GBTC News

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5 Best Bitcoin ETFs for 2026 and How to Invest

Lyle DalyJun 15, 2026
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Investing in Cryptocurrency Mutual Funds

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Stacks of physical gold coins marked with the Bitcoin B

How to Buy iShares Bitcoin Trust (IBIT)

Robin Hartill, CFPFeb 27, 2026
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How to Buy Grayscale Bitcoin Trust ETF (GBTC)

Tony DongFeb 24, 2026
HODL keyboard

1 No-Brainer Cryptocurrency Fund to Buy Right Now for Less Than $100

Justin PopeJun 18, 2025
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What Is a Spot Bitcoin ETF?

Anders BylundMay 30, 2025
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Is Grayscale Bitcoin Trust ETF a Millionaire-Maker?

Justin PopeOct 19, 2024
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Is Grayscale Bitcoin Trust a Millionaire Maker?

Justin PopeJul 27, 2024
Page 1

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About Grayscale Bitcoin Trust (BTC)

Grayscale Bitcoin Trust ETF lets investors track Bitcoin’s price without owning Bitcoin directly. It offers a simple way for people to gain Bitcoin exposure through regular stock markets.

Bitcoin, But Make It Tradable: Products and Services

Bitcoin Holding: Passively holds Bitcoin as its only asset, representing 100% of net assets and performance.

ETF Shares: Issues and redeems shares on NYSE Arca, giving investors indirect Bitcoin exposure.

Share Creation/Redemption: Allows authorized broker-dealers to create or redeem shares in exchange for Bitcoin.

Custody Services: Uses Coinbase Custody Trust Company to safeguard Bitcoin and private keys.

Administration: Relies on BNY Mellon for fund administration and transfer agent services.

Growth Spurts and Strategic Moves

Launched share creation and redemption program in January 2024 after NYSE Arca listing.

Distributed 303.7 million shares of Grayscale Bitcoin Mini Trust ETF in July 2024, transferring 10% of Bitcoin holdings.

Switched principal Bitcoin pricing market from Coinbase to Crypto.com in June 2025, effective June 30, 2025.

What Makes Grayscale Bitcoin Trust ETF Stand Out

Grayscale Bitcoin Trust ETF offers regulated Bitcoin access through traditional stock exchanges, removing the need for direct digital asset management. Its structure as a grantor trust allows pass-through tax treatment for U.S. investors. The trust’s single-asset focus and transparent share creation/redemption process help align share price with Bitcoin’s value.

Five Things You Need to Know

All financial results depend on Bitcoin price changes, not traditional revenue.

Net assets were $19.95 billion as of June 30, 2025, up 4% from December 2024.

Sponsor’s Fee was $138.28 million for the six months ended June 30, 2025, compared to $166.88 million for the six months ended June 30, 2024, down 17%.

Bitcoin holdings fell to 185,099 as of June 30, 2025, down from 205,399 as of December 31, 2024.

Total return was 14.52% for six months ended June 2025, down from 44.48% prior year.

Bottom Line

Grayscale Bitcoin Trust ETF gives investors regulated, stock market access to Bitcoin’s price movements. Its single-asset, passively managed structure makes it a straightforward option for Bitcoin exposure without direct ownership.

AI Generated • Apr 16, 2026

Industry

Capital Markets

Sector

Financials

CEO

Michael Adam Sonnenshein, MBA

Headquarters

New York City, NY 10011, US

GBTC Financials

Key Financial Metrics (TTM)

Gross Margin

0.00%

Operating Margin

0.00%

Net Income Margin

0.00%

Return on Equity

0.00%

Return on Capital

N/A

Return on Assets

0.00%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

172.26M

Volume

1.76M

Avg. Volume

1.92M

Financials (TTM)

Gross Profit

$0.00

Operating Income

$0.00

EBITDA

$4.58B

Operating Cash Flow

$3.70B

Capital Expenditure

$0.00

Free Cash Flow

$3.70B

Cash & ST Invst.

$0.00

Total Debt

$0.00

Grayscale Bitcoin Trust (BTC) Performance Analysis

Grayscale Bitcoin Trust (BTC) annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20212021-12-31USD 470,168,000N/A
20222022-12-31USD 216,064,000-54.0%
20232023-12-31USD 218,806,0001.3%
Grayscale Bitcoin Trust (BTC) sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30N/A
Q32025-09-30N/A
Q42025-12-31N/A
Q12026-03-31N/A
Grayscale Bitcoin Trust (BTC) annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20212021-12-31USD 14.99N/A
20222022-12-31USD -27.60N/A
20232023-12-31USD 22.94N/A
Grayscale Bitcoin Trust (BTC) sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30N/A
Q32025-09-30N/A
Q42025-12-31N/A
Q12026-03-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$0.00

N/A

Gross Profit

$0.00

N/A

Gross Margin

0.00%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$0.00

N/A

EBITDA

$0.00

N/A

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$0.00

N/A

Total Debt

$0.00

N/A

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$0.00

N/A

Short Term Debt

$0.00

N/A

Return on Assets

0.00%

N/A

Return on Invested Capital

0.00%

N/A

Free Cash Flow

$1.05B

-24.0%

Operating Cash Flow

$1.05B

-24.0%

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Questions About GBTC

What is the current price of Grayscale Bitcoin Trust (BTC)?

Grayscale Bitcoin Trust (BTC) is trading at $49.20 per share.

What is the 52-week range for Grayscale Bitcoin Trust (BTC)?

Over the past 52 weeks, Grayscale Bitcoin Trust (BTC) has traded between $44.98 and $99.12.

How much debt does Grayscale Bitcoin Trust (BTC) have?

As of the most recent reporting period, Grayscale Bitcoin Trust (BTC) reported total debt of $0.00.

How much cash does Grayscale Bitcoin Trust (BTC) have on hand?

Grayscale Bitcoin Trust (BTC) reported $0.00 in cash and cash equivalents in its most recent financial results.

What is Grayscale Bitcoin Trust (BTC)’s dividend yield?

Grayscale Bitcoin Trust (BTC) does not currently have a dividend yield.

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