Grayscale Bitcoin Trust

🇺🇸United States
GBTC

BTC Holdings

185121

Market Cap
$63,000M

Total market capitalization

About Grayscale Bitcoin Trust
Grayscale Bitcoin Trust, based in the United States, stands as a pioneering entity in the realm of digital asset investment, operating as an exchange-traded fund (ETF) designed to provide investors with exposure to Bitcoin without the complexities of direct ownership. Established under the umbrella of Grayscale Investments, the trust has carved a niche by offering a regulated and accessible vehicle for institutional and retail investors to engage with the cryptocurrency market. Its business model centers on holding Bitcoin as its primary asset, allowing shareholders to gain indirect exposure through a traditional financial product. As of 2025, Grayscale Bitcoin Trust continues to play a pivotal role in bridging the gap between conventional finance and the burgeoning world of digital currencies, particularly within the U.S. regulatory framework. The trust’s structure eliminates the need for investors to manage private keys or navigate crypto exchanges, aligning with the growing demand for secure and compliant investment options in the volatile digital asset space. Over the past year, Grayscale has adapted to evolving market dynamics, reinforcing its commitment to transparency and investor education while maintaining a focus on expanding access to Bitcoin through innovative financial solutions.
Central to Grayscale Bitcoin Trust’s approach is its Bitcoin treasury strategy, which emphasizes long-term holding of the digital asset to reflect its belief in Bitcoin’s potential as a store of value and a hedge against traditional financial uncertainties. Unlike active trading entities, Grayscale prioritizes a passive investment stance, acquiring and securing Bitcoin to back the trust’s shares, thereby fostering confidence among investors wary of market volatility. As of 2025, the trust has refined its digital asset management practices to align with institutional-grade security standards, ensuring robust custody solutions in partnership with leading service providers. This strategy not only supports Bitcoin adoption by integrating it into mainstream portfolios but also positions Grayscale as a steward of digital wealth in the U.S. financial ecosystem. The trust actively engages with regulatory developments to maintain compliance, a critical factor in sustaining investor trust amid shifting policies around cryptocurrency. By focusing on Bitcoin as a core treasury asset, Grayscale underscores its vision of digital currencies as a transformative force in modern finance, advocating for broader acceptance through structured investment products.
In the competitive landscape of digital asset investment, Grayscale Bitcoin Trust holds a significant position as one of the earliest and most recognized Bitcoin-focused ETFs in the United States. As of 2025, it faces competition from other asset managers entering the space with similar products, yet its first-mover advantage and established reputation continue to distinguish it within the industry. Recent developments, including regulatory updates from the U.S. Securities and Exchange Commission regarding crypto ETFs, highlight Grayscale’s ongoing efforts to adapt and innovate, as reported in various financial news outlets. The trust’s strategic significance lies in its ability to influence Bitcoin adoption among institutional players, shaping how corporations and funds perceive digital assets as part of diversified portfolios. Grayscale’s leadership remains committed to advocating for clearer regulatory frameworks, ensuring that the trust can expand its offerings while maintaining investor confidence. By fostering partnerships and engaging in industry dialogue, Grayscale Bitcoin Trust not only competes but also collaborates to elevate the credibility of digital assets, reinforcing its role as a catalyst for mainstream cryptocurrency integration in the U.S. financial sector.

Recent Developments

  • Jun 29, 2025: Bitcoin holdings decreased by 113.00 BTC to 185121 BTC with cost basis of $107.4K (BTC @ $84.16)
  • Jun 7, 2025: Bitcoin holdings decreased by 2636.00 BTC to 185234 BTC with cost basis of $104.4K (BTC @ $82.23)
  • May 19, 2025: Bitcoin holdings decreased by 1403.00 BTC to 187870 BTC with cost basis of $106.5K (BTC @ $82.13)
  • May 8, 2025: Bitcoin holdings decreased by 1934.00 BTC to 189273 BTC with cost basis of $97.1K (BTC @ $75.9)
  • Apr 23, 2025: Bitcoin holdings increased by 704.00 BTC to 191207 BTC with cost basis of $93.5K (BTC @ $72.29)
Grayscale Bitcoin Trust — Bitcoin Holdings Over Time
1y - Present
Loading holdings data...
Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Jun 29, 2025
185,121
-113
$107.4K$84.16
Jun 7, 2025
185,234
-2,636
$104.4K$82.23
May 19, 2025
187,870
-1,403
$106.5K$82.13
May 8, 2025
189,273
-1,934
$97.1K$75.9
Apr 23, 2025
191,207
704
$93.5K$72.29
Apr 22, 2025
190,503
-4,831
$87.5K$69.06
Mar 7, 2025
195,334
-4,784
$88.1K$70.44
Feb 17, 2025
200,118
-651
$96.1K$77.01
Feb 11, 2025
200,769
-476
$97.2K$77.09
Feb 5, 2025
201,245
-1,686
$97.8K$78.19
Jan 23, 2025
202,931
-311
$103.2K$82.7
Jan 18, 2025
203,242
-215
$103.8K$83.05
Jan 15, 2025
203,457
-960
$98K$76.47
Jan 13, 2025
204,417
118
$93K$75.08
Jan 11, 2025
204,299
-733
$94.4K$75.08
Jan 6, 2025
205,032
-246
$100.2K$78.02
Jan 3, 2025
205,278
-1,557
$97.2K$77.21
Dec 31, 2024
206,835
-686
$93.6K$74.65
Dec 24, 2024
207,521
-621
$95.8K$73.71
Dec 21, 2024
208,142
-1,931
$97.7K$76.47
Dec 17, 2024
210,073
-1,065
$106.7K$84.02
Dec 15, 2024
211,138
-493
$102.5K$80.77
Dec 13, 2024
211,631
-470
$100.5K$79.41
Dec 10, 2024
212,101
-607
$97K$76.33
Dec 6, 2024
212,708
-2,783
$99K$78.69
Dec 2, 2024
215,491
-2,760
$96.1K$77.09
Nov 19, 2024
218,251
-997
$92K$72.77
Nov 8, 2024
219,248
483
$76.2K$60.88
Nov 6, 2024
218,765
-1,782
$74.1K$55.17
Oct 29, 2024
220,547
392
$71.6K$55.38
Oct 16, 2024
220,155
675
$67.5K$53.3
Oct 14, 2024
219,480
-1,469
$64.7K$50.27
Sep 26, 2024
220,949
-1,137
$64.3K$50.3
Sep 13, 2024
222,086
-2,665
$58.7K$46.53
Sep 4, 2024
224,751
-878
$57.2K$46.2
Sep 3, 2024
225,629
-1,233
$58.6K$46.75
Aug 30, 2024
226,862
-537
$59.1K$47.21
Aug 28, 2024
227,399
-313
$59.3K$49.51
Aug 26, 2024
227,712
-587
$63.8K$50.79
Aug 23, 2024
228,299
-479
$61.8K$48.06
Aug 22, 2024
228,778
-169
$60.7K$49.12
Aug 21, 2024
228,947
-234
$59.9K$47.49
Aug 19, 2024
229,181
-1,249
$58.7K$47.63
Aug 16, 2024
230,430
-448
$58.5K$45.5
Aug 15, 2024
230,878
-975
$58.4K$46.99
Aug 14, 2024
231,853
-480
$60.2K$48.5
Aug 13, 2024
232,333
-209
$59.7K$47.1
Aug 12, 2024
232,542
-1,298
$59K$48.41
Aug 9, 2024
233,840
-3,089
$60.7K$47.43
Aug 8, 2024
236,929
-568
$58.2K$43.67
Aug 7, 2024
237,497
-577
$56.4K$45.32
Aug 6, 2024
238,074
-2,066
$55.9K$42.62
Aug 2, 2024
240,140
-2,273
$63.8K$50.53
Jul 31, 2024
242,413
-27,753
$66K$52.6
Jul 29, 2024
270,166
-423
$68.6K$60.33
Jul 26, 2024
270,589
-623
$67.3K$57.36
Jul 25, 2024
271,212
-411
$64.6K$58.23
Jul 24, 2024
271,623
-428
$66.1K$58.1
Jul 23, 2024
272,051
-11
$66.6K$60.56
Jul 22, 2024
272,062
268
$67.6K$59.68
Jul 19, 2024
271,794
-366
$65.1K$56.4
Jul 18, 2024
272,160
-845
$64.3K$57.33
Jul 17, 2024
273,005
-11
$65K$57.85
Jul 16, 2024
273,016
-11
$64.2K$56.29
Jul 15, 2024
273,027
366
$62.9K$51.14
Jul 12, 2024
272,661
-668
$57.5K$50.9
Jul 11, 2024
273,329
-154
$57.9K$50.92
Jul 10, 2024
273,483
-659
$58.1K$51.35
Jul 9, 2024
274,142
433
$57.4K$50.09
Jul 8, 2024
273,709
-540
$56.3K$50.15
Jul 5, 2024
274,249
-475
$55.8K$53.66
Jul 3, 2024
274,724
-536
$60.6K$54.89
Jul 2, 2024
275,260
-11
$62.5K$56.09
Jul 1, 2024
275,271
-487
$63.1K$53.24
Jun 28, 2024
275,758
-197
$61.2K$54.52
Jun 27, 2024
275,955
59
$61.3K$54.13
Jun 26, 2024
275,896
-499
$61.4K$55.02
Jun 25, 2024
276,395
-1,539
$61.3K$52.61
Jun 24, 2024
277,934
-568
$61.5K$57.04
Jun 21, 2024
278,502
-828
$64.2K$57.73
Jun 20, 2024
279,330
-992
$65.3K$57.18
Jun 18, 2024
280,322
-56
$65.2K$59.21
Jun 17, 2024
280,378
-834
$66.2K$58.18
Jun 14, 2024
281,212
-936
$66.5K$59.14
Jun 13, 2024
282,148
-11
$67.4K$59.95
Jun 12, 2024
282,159
-1,807
$68.2K$59.88
Jun 11, 2024
283,966
-580
$67.5K$61.73
Jun 10, 2024
284,546
-560
$69.6K$61.48
Jun 7, 2024
285,106
-545
$70.7K$62.63
Jun 6, 2024
285,651
193
$71K$63.35
Jun 5, 2024
285,458
388
$71K$62.62
Jun 4, 2024
285,070
-11
$69.6K$61.51
Jun 3, 2024
285,081
-1,876
$69K$60.09
May 31, 2024
286,957
-12
$68K$61.04
May 30, 2024
286,969
-474
$68.2K$59.71
May 29, 2024
287,443
-1,550
$67.9K$60.78
May 28, 2024
288,993
-48
$68.2K$61.53
May 24, 2024
289,041
-215
$67.9K$59.7
May 23, 2024
289,256
-244
$68.8K$61.95
May 22, 2024
289,500
-11
$69.8K$61.6
May 21, 2024
289,511
121
$70.6K$62.4
May 20, 2024
289,390
436
$67.6K$59.73
May 17, 2024
288,954
59
$66.3K$58.02
May 16, 2024
288,895
397
$65.8K$58.82
May 15, 2024
288,498
-839
$63.6K$54.78
May 14, 2024
289,337
-12
$61.9K$56.19
May 13, 2024
289,349
-1,735
$62.4K$53.99
May 10, 2024
291,084
-706
$62.1K$55.57
May 9, 2024
291,790
-12
$61.8K$55.3
May 8, 2024
291,802
-466
$62.3K$56.11
May 7, 2024
292,268
50
$63.5K$56.24
May 6, 2024
292,218
979
$63.9K$55.32
May 3, 2024
291,239
-937
$60.7K$52.86
May 2, 2024
292,176
-2,950
$58.4K$50.64
May 1, 2024
295,126
-1,588
$58.3K$52.51
Apr 30, 2024
296,714
-404
$61.8K$56.06
Apr 29, 2024
297,118
-1,327
$62.8K$56.74
Apr 26, 2024
298,445
-2,168
$64.2K$57.6
Apr 25, 2024
300,613
-2,051
$64.2K$56.9
Apr 24, 2024
302,664
-1,019
$65.8K$59.21
Apr 23, 2024
303,683
-537
$66.5K$59.26
Apr 22, 2024
304,220
-750
$66.1K$57.31
Apr 19, 2024
304,970
-1,429
$63.8K$56.58
Apr 18, 2024
306,399
-2,195
$62.5K$54.31
Apr 17, 2024
308,594
-1,277
$62.6K$55.88
Apr 16, 2024
309,871
-1,750
$63.1K$56.38
Apr 15, 2024
311,621
-2,524
$65.1K$59.55
Apr 12, 2024
314,145
-1,786
$69.6K$62.79
Apr 11, 2024
315,931
-262
$70.5K$62.47
Apr 10, 2024
316,193
-2,259
$69.2K$61.45
Apr 9, 2024
318,452
-4,245
$70.2K$63.96
Apr 8, 2024
322,697
-2,990
$71.1K$59.99
Apr 5, 2024
325,687
-1,172
$67.5K$61.04
Apr 4, 2024
326,859
-1,153
$67K$58.64
Apr 3, 2024
328,012
-1,253
$66.1K$58.7
Apr 2, 2024
329,265
-4,354
$66.4K$62.18
Apr 1, 2024
333,619
-1,535
$69.8K$63.17
Mar 28, 2024
335,154
-4,382
$70.4K$61.19
Mar 27, 2024
339,536
-3,072
$69.8K$61.93
Mar 26, 2024
342,608
-4,944
$70.3K$63.34
Mar 25, 2024
347,552
-2,700
$68.3K$56.98
Mar 22, 2024
350,252
-5,507
$64.7K$58.11
Mar 21, 2024
355,759
-5,900
$66.7K$58.75
Mar 20, 2024
361,659
-6,899
$63.9K$57.41
Mar 19, 2024
368,558
-9,611
$64.4K$59.58
Mar 18, 2024
378,169
-2,072
$67.8K$61.6
Mar 15, 2024
380,241
-3,726
$68.6K$61.8
Mar 14, 2024
383,967
-3,780
$72.2K$65.58
Mar 13, 2024
387,747
-1,122
$72.7K$63.67
Mar 12, 2024
388,869
-6,876
$71.7K$64.32
Mar 11, 2024
395,745
-4,420
$71K$61.9
Mar 8, 2024
400,165
-5,548
$67.8K$60.45
Mar 7, 2024
405,713
-4,130
$66.9K$59.8
Mar 6, 2024
409,843
-5,389
$66K$55.23
Mar 5, 2024
415,232
-5,451
$66.2K$60.38
Mar 4, 2024
420,683
-7,861
$65.4K$56.28
Mar 1, 2024
428,544
-9,665
$61.9K$55.35
Feb 29, 2024
438,209
-3,606
$62.1K$53.83
Feb 28, 2024
441,815
-2,222
$59.3K$50.85
Feb 27, 2024
444,037
-429
$56.5K$48.63
Feb 26, 2024
444,466
-921
$52.3K$45.59
Feb 23, 2024
445,387
-1,089
$51.1K$46.44
Feb 22, 2024
446,476
-3,929
$51.6K$45.48
Feb 21, 2024
450,405
-2,652
$51.5K$46.41
Feb 20, 2024
453,057
-2,977
$51.9K$46.28
Feb 16, 2024
456,034
-3,394
$52.1K$46.18
Feb 15, 2024
459,428
-2,555
$52.1K$46.19
Feb 14, 2024
461,983
-1,492
$50.8K$44.11
Feb 13, 2024
463,475
-1,913
$49.6K$44.86
Feb 12, 2024
465,388
-1,147
$48.8K$42.48
Feb 9, 2024
466,535
-2,252
$46.8K$40.68
Feb 8, 2024
468,787
-1,850
$44.9K$39.43
Feb 7, 2024
470,637
-1,708
$43.3K$38.47
Feb 6, 2024
472,345
-2,565
$42.9K$37.84
Feb 5, 2024
474,910
-3,427
$42.8K$38.34
Feb 3, 2024
478,337
-4,255
$43.1K$38.34
Feb 2, 2024
482,592
-4,434
$43.1K$38.41
Feb 1, 2024
487,026
-5,086
$42.5K$37.99
Jan 31, 2024
492,112
-4,461
$42.9K$38.87
Jan 30, 2024
496,573
-6,140
$43.4K$38.51
Jan 27, 2024
502,713
-9,932
$41.9K$37.51
Jan 26, 2024
512,645
-10,871
$40.9K$35.44
Jan 25, 2024
523,516
-13,179
$40K$35.27
Jan 24, 2024
536,695
-15,986
$39.9K$34.88
Jan 23, 2024
552,681
-14,292
$39.4K$35.82
Jan 20, 2024
566,973
-14,301
$41.6K$37.01
Jan 19, 2024
581,274
-10,824
$41.3K$36.29
Jan 18, 2024
592,098
-13,793
$42.3K$37.94
Jan 17, 2024
605,891
-11,189
$42.7K$38.32
Jan 13, 2024
617,080
-2,082
$42.9K$38.58
Jan 12, 2024
619,162
-2,337
$45.1K$40.69
Nov 3, 2023
621,499
-1,158
$34.6K$27.17
Sep 30, 2023
622,657
-3,147
$26.9K$19.19
Jun 30, 2023
625,804
-3,128
$30.5K$19.55
Mar 31, 2023
628,932
-3,110
$28K$15.82
Dec 31, 2022
632,042
-3,194
$16.6K$8.29
Sep 30, 2022
635,236
-3,210
$19.6K$11.33
Jun 30, 2022
638,446
-3,192
$20.1K$13.32
Mar 30, 2022
641,638
-3,172
$47.5K$32.87
Dec 31, 2021
644,810
-3,259
$47.2K$35.39
Sep 30, 2021
648,069
-3,275
$41.6K$32.12
Jun 30, 2021
651,344
-3,256
$36K$31.13
Mar 31, 2021
654,600
47,561
$58.7K$50.82
Dec 31, 2020
607,039
157,248
$28.8K$32.9
Sep 30, 2020
449,791
63,068
$10.8K$11.03
Jun 30, 2020
386,723
82,092
$9.2K$9.49
Mar 31, 2020
304,631
43,439
$6.4K$7.05
Dec 31, 2019
261,192
56,915
$7.2K$8.42
Dec 31, 2018
204,277
28,438
$3.8K$4.17
Dec 31, 2017
175,839
3,744
$14.8K$22.15
Dec 31, 2016
172,095
30,994
$967$1.34
Dec 31, 2015
141,101
6,324
$431$0.69
Dec 31, 2014
134,777
65,042
$317
Dec 31, 2013
69,735
51,935
$755
Sep 25, 2013
17,800
17,800
$128