Grayscale Bitcoin Trust (BTC)
US ˙ ARCA ˙ US3896371099

SecurityGBTC / Grayscale Bitcoin Trust (BTC)
InstitutionSmith, Moore & Co.
Latest Disclosed Ownership48,061 shares
Latest Disclosed Value $ 2,535,698
Smith, Moore & Co. reports 328.50% increase in ownership of GBTC / Grayscale Bitcoin Trust (BTC)

On May 5, 2026 - Smith, Moore & Co. filed a 13F-HR form disclosing ownership of 48,061 shares of Grayscale Bitcoin Trust (BTC) (US:GBTC) valued at $2,535,698 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 11,216 shares of Grayscale Bitcoin Trust (BTC). This represents a change in shares of 328.50% during the quarter. The current value of the position is $2,438,135 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-05 2026-03-31 13F GRAYSCALE BITCOIN TRUST ETF ETF 389637109 48,061 36,845 328.50 2,536 230.94 0.1844
2026-01-23 2025-12-31 13F GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT 389637109 11,216 2,160 23.85 767 -5.67 0.0580
2025-11-12 2025-09-30 13F GRAYSCALE BITCOIN TRUST ETF HS REP COM UT 389637109 9,056 516 6.04 813 12.15 0.0623
2025-08-13 2025-06-30 13F GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT 389637109 8,540 -2,415 -22.04 724 1.54 0.0608
2025-05-15 2025-03-31 13F GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT 389637109 10,955 147 1.36 714 -10.87 0.0661
2025-02-13 2024-12-31 13F GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT 389637109 10,808 -4,187 -27.92 800 5.68 0.0731
2024-11-12 2024-09-30 13F GRAYSCALE BITCOIN TR BTC SHS REP COM UT 389637109 14,995 -3,240 -17.77 757 -21.96 0.0723
2024-08-14 2024-06-30 13F GRAYSCALE BITCOIN TR BTC SHS REP COM UT 389637109 18,235 -5,155 -22.04 971 -34.33 0.1001
2024-05-13 2024-03-31 13F GRAYSCALE BITCOIN TR BTC SHS REP COM UT 389637109 23,390 23,390 1,478 0.1574
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.