Summary
Grayscale is planning to create a mini fund with 63,204 bitcoin, equivalent to 10% of existing assets in GBTC. Shares of the BTC trust will be distributed to holders of GBTC shares. Pro forma financial statements project future expenses and revenues based on a company’s history and plans.
Key Points
1. Grayscale plans to contribute 63,204 bitcoin, or 10% of existing assets in GBTC, to the mini fund as per the filing.
2. Shares of the BTC trust will be issued and distributed automatically to holders of GBTC shares.
3. Pro forma financial statements are projections of future expenses and revenues, based on a company’s past experience and future plans.