← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Grayscale Bitcoin Mini Trust ETF swung to a FY2025 net loss of $437.2M as cash from ops worsened, reflecting Bitcoin trust economics rather than a normal company model.
The read at a glance✓ Audited against SEC data
- Business mix — Bitcoin ETF trustNote
- Revenue — No standard rowNote
- Net income — -$437.2MWatch
- Cash from ops — -$1.12BWatch
- Margins — Standard rows unavailableNote
- Insiders — 0 purchases / 0 salesNote
- Accounting — Forensic screens unavailableNote
Business
Grayscale Bitcoin Mini Trust ETF is a Delaware statutory trust that holds Bitcoin and issues shares representing fractional beneficial interests in the trust.
Leadership changes
From Grayscale Bitcoin Mini Trust ETF's own filings, the day they're filed.
- Edward McGee · Chief Financial Officer · departureeff. 2026-07-02
- Matthew Kummell · Director · departureeff. 2025-10-13
- Hugh Ross · Chief Operating Officer · departureeff. 2025-05-06
Latest filings
- 10-Q · Quarterly report2026-08-04
- 8-K · Company announcement2026-07-02
- 10-Q · Quarterly report2026-05-05
- 8-K · Company announcement2026-03-16
- 10-K · Annual report2026-02-25
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Grayscale Bitcoin Mini Trust ETF, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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