Grayscale Bitcoin Trust ETF annual shares outstanding
2020
2021
2022
2023
2024
2025
Grayscale Bitcoin Trust ETF Shares Outstanding History (GBTC)
Grayscale Bitcoin Trust ETF reported 199.6M shares outstanding at the end of fiscal 2025.
View full Grayscale Bitcoin Trust ETF company overviewGrayscale Bitcoin Trust ETF annual shares outstanding history
| Fiscal year | Period ended | Shares outstanding | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 199.6M | −51.3M | −20.45% |
| 2024 | 2024-12-31 | 250.9M | −259.8M | −50.87% |
| 2023 | 2023-12-31 | 510.7M | −181.7M | −26.24% |
| 2022 | 2022-12-31 | 692.4M | 0 | 0.00% |
| 2021 | 2021-12-31 | 692.4M | 55,900 | +0.01% |
| 2020 | 2020-12-31 | 692.3M | — | — |
Grayscale Bitcoin Trust ETF quarterly shares outstanding
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Shares outstanding | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 172.3M | −59.0M | −25.52% |
| Q1 2026 | 2026-03-31 | 194.0M | −48.1M | −19.87% |
| Q4 2025 | 2025-12-31 | 199.6M | −51.3M | −20.45% |
| Q3 2025 | 2025-09-30 | 218.8M | −58.5M | −21.10% |
| Q2 2025 | 2025-06-30 | 231.3M | −73.3M | −24.07% |
| Q1 2025 | 2025-03-31 | 242.1M | −91.2M | −27.37% |
| Q4 2024 | 2024-12-31 | 250.9M | −259.8M | −50.87% |
| Q3 2024 | 2024-09-30 | 277.3M | −415.0M | −59.94% |
| Q2 2024 | 2024-06-30 | 304.6M | −387.8M | −56.01% |
| Q1 2024 | 2024-03-31 | 333.3M | −359.1M | −51.86% |
| Q4 2023 | 2023-12-31 | 510.7M | −181.7M | −26.24% |
| Q3 2023 | 2023-09-30 | 692.4M | 0 | 0.00% |
| Q2 2023 | 2023-06-30 | 692.4M | 0 | 0.00% |
| Q1 2023 | 2023-03-31 | 692.4M | 0 | 0.00% |
| Q4 2022 | 2022-12-31 | 692.4M | 0 | 0.00% |
| Q3 2022 | 2022-09-30 | 692.4M | 0 | 0.00% |
| Q2 2022 | 2022-06-30 | 692.4M | 0 | 0.00% |
| Q1 2022 | 2022-03-31 | 692.4M | 0 | 0.00% |
| Q4 2021 | 2021-12-31 | 692.4M | 55,900 | +0.01% |
| Q3 2021 | 2021-09-30 | 692.4M | 187.8M | +37.21% |
| Q2 2021 | 2021-06-30 | 692.4M | 280.5M | +68.10% |
| Q1 2021 | 2021-03-31 | 692.4M | 356.1M | +105.91% |
| Q4 2020 | 2020-12-31 | 692.3M | — | — |
| Q3 2020 | 2020-09-30 | 504.6M | — | — |
| Q2 2020 | 2020-06-30 | 411.9M | — | — |
| Q1 2020 | 2020-03-31 | 336.3M | — | — |
Grayscale Bitcoin Trust ETF Share Buyback History
A share buyback, also called a stock repurchase, is when a company uses cash to buy its own shares. Grayscale Bitcoin Trust ETF share buyback history shows the reported cash used for repurchases. Buybacks can reduce shares outstanding, but issuance, stock-based compensation, acquisitions, and stock splits can change the share count separately.
Grayscale Bitcoin Trust ETF used $4.33B to repurchase common stock in fy 2025. Across the latest 2 reported fiscal years, total share repurchases were $26.60B. The latest reported quarter showed $1.18B of share repurchases.
| Fiscal year | Period ended | Share repurchases |
|---|---|---|
| 2025 | 2025-12-31 | $4.33B |
| 2024 | 2024-12-31 | $22.27B |
TickerStat uses SEC-reported cash payments for common-stock repurchases. The amounts describe capital returned through buybacks; they are not a forecast or a measure of the number of shares retired.
Grayscale Bitcoin Trust ETF shares outstanding trends
Over the last five fiscal years, Grayscale Bitcoin Trust ETF's shares outstanding moved from 692.3M to 199.6M, a change of −492.7M. The latest reported quarter, Q2 2026, shows 172.3M.
About the metric
What shares outstanding means
Shares outstanding is the number of common shares held by investors at a reporting-period end. The count can change because of stock issuance, repurchases, conversions, acquisitions, or stock splits.
Calculation and source
SEC-reported period-end shares
TickerStat displays period-end common shares from SEC filings and adjusts older values to the current share basis when a stock-split conversion ratio is reported directly or evidenced by a later filing’s restated historical share balance. After repeated reverse splits, an old period can represent less than one current-basis share; this is a split-adjusted equivalent, not a literal historical certificate count. Values remain as reported when no reliable split ratio is available. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Grayscale Bitcoin Trust ETF source filings ↗