2023 Q2 Form 10-Q Financial Statement
#000119312523136622 Filed on May 05, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | ||
YoY Change | ||
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | ||
YoY Change | ||
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | ||
COMMON SHARES | ||
Basic Shares Outstanding | 692.4M | 692.4M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | ||
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $19.00B | $17.90B |
YoY Change | 57.51% | -38.8% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | ||
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | ||
Total Long-Term Liabilities | ||
Total Liabilities | $0.00 | $0.00 |
YoY Change | ||
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | ||
YoY Change | ||
Total Liabilities & Shareholders Equity | ||
YoY Change |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | ||
YoY Change | ||
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | ||
YoY Change | ||
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | ||
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
692370100 | |
CY2023Q1 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
7123444000 | |
CY2022Q4 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
7158661000 | |
CY2023Q1 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
17904310000 | |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
10464263000 | |
CY2023Q1 | us-gaap |
Assets
Assets
|
17904310000 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
10464263000 | |
CY2023Q1 | us-gaap |
Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
|
0 | |
CY2022Q4 | us-gaap |
Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
|
0 | |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
0 | |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
0 | |
CY2023Q1 | us-gaap |
Assets Net
AssetsNet
|
17904310000 | |
CY2022Q4 | us-gaap |
Assets Net
AssetsNet
|
10464263000 | |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
-7513961000 | |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
-7513961000 | |
CY2023Q1 | gbtc |
Accumulated Net Investment Loss
AccumulatedNetInvestmentLoss
|
1221528000 | |
CY2022Q4 | gbtc |
Accumulated Net Investment Loss
AccumulatedNetInvestmentLoss
|
1150443000 | |
CY2023Q1 | gbtc |
Accumulated Net Realized Gain
AccumulatedNetRealizedGain
|
-831011000 | |
CY2022Q4 | gbtc |
Accumulated Net Realized Gain
AccumulatedNetRealizedGain
|
-795143000 | |
CY2023Q1 | us-gaap |
Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
|
10780866000 | |
CY2022Q4 | us-gaap |
Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
|
3305602000 | |
CY2023Q1 | us-gaap |
Assets Net
AssetsNet
|
17904310000 | |
CY2022Q4 | us-gaap |
Assets Net
AssetsNet
|
10464263000 | |
CY2023Q1 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
692370100 | |
CY2022Q4 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
692370100 | |
CY2023Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
25.86 | |
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
15.11 | |
CY2023Q1 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
7123444000 | |
CY2023Q1 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
17904310000 | |
CY2023Q1 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
1 | |
CY2022Q4 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
7158661000 | |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
10464263000 | |
CY2022Q4 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
1 | |
CY2023Q1 | gbtc |
Investment Income
InvestmentIncome
|
0 | |
CY2022Q1 | gbtc |
Investment Income
InvestmentIncome
|
0 | |
CY2023Q1 | us-gaap |
Sponsor Fees
SponsorFees
|
71085000 | |
CY2022Q1 | us-gaap |
Sponsor Fees
SponsorFees
|
131025000 | |
CY2023Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-71085000 | |
CY2022Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-131025000 | |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
35868000 | |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
95096000 | |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7475264000 | |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-284294000 | |
CY2023Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
7511132000 | |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-189198000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
7440047000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-320223000 | |
CY2023Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-71085000 | |
CY2022Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
-131025000 | |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
35868000 | |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
95096000 | |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7475264000 | |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-284294000 | |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
7440047000 | |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-320223000 | |
CY2023Q1 | gbtc |
Increase Decrease In Net Assets
IncreaseDecreaseInNetAssets
|
7440047000 | |
CY2022Q1 | gbtc |
Increase Decrease In Net Assets
IncreaseDecreaseInNetAssets
|
-320223000 | |
CY2022Q4 | us-gaap |
Assets Net
AssetsNet
|
10464263000 | |
CY2021Q4 | us-gaap |
Assets Net
AssetsNet
|
29576053000 | |
CY2023Q1 | us-gaap |
Assets Net
AssetsNet
|
17904310000 | |
CY2022Q1 | us-gaap |
Assets Net
AssetsNet
|
29255830000 | |
CY2022Q4 | us-gaap |
Shares Outstanding
SharesOutstanding
|
692370100 | |
CY2021Q4 | us-gaap |
Shares Outstanding
SharesOutstanding
|
692370100 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
|
0 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
|
0 | |
CY2023Q1 | us-gaap |
Shares Outstanding
SharesOutstanding
|
692370100 | |
CY2022Q1 | us-gaap |
Shares Outstanding
SharesOutstanding
|
692370100 | |
CY2023Q1 | gbtc |
Common Units Issued Minimum Basket
CommonUnitsIssuedMinimumBasket
|
100 | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001588489 | |
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-03-31 | |
CY2023Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023Q1 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023Q1 | dei |
Entity File Number
EntityFileNumber
|
000-56121 | |
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Grayscale Bitcoin Trust (BTC) | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
46-7019388 | |
CY2023Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
c/o Grayscale Investments, LLC | |
CY2023Q1 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
290 Harbor Drive, 4th Floor | |
CY2023Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Stamford | |
CY2023Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CT | |
CY2023Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
06902 | |
CY2023Q1 | dei |
City Area Code
CityAreaCode
|
212 | |
CY2023Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
668-1427 | |
CY2023Q1 | dei |
Security12g Title
Security12gTitle
|
Grayscale Bitcoin Trust (BTC) Shares | |
CY2023Q1 | dei |
Trading Symbol
TradingSymbol
|
GBTC | |
CY2023Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2023Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
CY2023Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2023Q1 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
17904310000 | |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
10464263000 | |
CY2023Q1 | gbtc |
Investment Owned Balance Shares Held By Custodian
InvestmentOwnedBalanceSharesHeldByCustodian
|
628932.20027878 | |
CY2022Q4 | gbtc |
Investment Owned Balance Shares Held By Custodian
InvestmentOwnedBalanceSharesHeldByCustodian
|
632041.52945742 | |
CY2023Q1 | gbtc |
Bitcoin Fair Value Per Share
BitcoinFairValuePerShare
|
28467.79 | |
CY2022Q4 | gbtc |
Bitcoin Fair Value Per Share
BitcoinFairValuePerShare
|
16556.29 | |
CY2021Q4 | us-gaap |
Investment Owned Balance Contracts
InvestmentOwnedBalanceContracts
|
644809.96863835 | |
CY2021Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
29576053000 | |
CY2022 | gbtc |
Investment Owned Balance Contracts New Contributions
InvestmentOwnedBalanceContractsNewContributions
|
0 | |
CY2022 | gbtc |
Investments Owned New Contributions
InvestmentsOwnedNewContributions
|
0 | |
CY2022 | gbtc |
Investment Owned Balance Contracts Distributed
InvestmentOwnedBalanceContractsDistributed
|
-12768.43918093 | |
CY2022 | gbtc |
Investments Owned Distributions
InvestmentsOwnedDistributions
|
-360683000 | |
CY2022 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-18967171000 | |
CY2022 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
216064000 | |
CY2022Q4 | us-gaap |
Investment Owned Balance Contracts
InvestmentOwnedBalanceContracts
|
632041.52945742 | |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
10464263000 | |
CY2022Q4 | us-gaap |
Investment Owned Balance Contracts
InvestmentOwnedBalanceContracts
|
632041.52945742 | |
CY2022Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
10464263000 | |
CY2023Q1 | gbtc |
Investment Owned Balance Contracts New Contributions
InvestmentOwnedBalanceContractsNewContributions
|
0 | |
CY2023Q1 | gbtc |
Investments Owned New Contributions
InvestmentsOwnedNewContributions
|
0 | |
CY2023Q1 | gbtc |
Investment Owned Balance Contracts Distributed
InvestmentOwnedBalanceContractsDistributed
|
-3109.32917864 | |
CY2023Q1 | gbtc |
Investments Owned Distributions
InvestmentsOwnedDistributions
|
-71085000 | |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
7475264000 | |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
35868000 | |
CY2023Q1 | us-gaap |
Investment Owned Balance Contracts
InvestmentOwnedBalanceContracts
|
628932.20027878 | |
CY2023Q1 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
17904310000 | |
CY2023Q1 | gbtc |
Common Share Equivalent Of Bitcoin
CommonShareEquivalentOfBitcoin
|
0.0009 | |
CY2022Q4 | gbtc |
Common Share Equivalent Of Bitcoin
CommonShareEquivalentOfBitcoin
|
0.0009 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023Q1 | us-gaap |
Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
|
36066527 | |
CY2022Q4 | us-gaap |
Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
|
36065470 | |
CY2023Q1 | us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.02 | |
CY2023Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
71084974 | |
CY2022Q1 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
131024620 | |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
0 | |
CY2023Q1 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
0 | |
CY2022Q1 | gbtc |
Additional Trust Expenses Paid By Sponsor
AdditionalTrustExpensesPaidBySponsor
|
0 | |
CY2023Q1 | gbtc |
Additional Trust Expenses Paid By Sponsor
AdditionalTrustExpensesPaidBySponsor
|
0 | |
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
15.11 | |
CY2021Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
42.72 | |
CY2023Q1 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.1 | |
CY2022Q1 | us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
-0.19 | |
CY2023Q1 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
10.85 | |
CY2022Q1 | us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
-0.28 | |
CY2023Q1 | us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
10.75 | |
CY2022Q1 | us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
-0.47 | |
CY2023Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
25.86 | |
CY2022Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
42.25 | |
CY2023Q1 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.7114 | |
CY2022Q1 | us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.011 | |
CY2023Q1 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
-0.02 | |
CY2022Q1 | us-gaap |
Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
|
-0.02 | |
CY2023Q1 | us-gaap |
Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
|
0.02 | |
CY2022Q1 | us-gaap |
Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
|
0.02 |