GRAYSCALE BITCOIN TRUST ETF

Ticker: GBTC CUSIP: 389637109 Class: ETF

HORIZON KINETICS ASSET MANAGEMENT LLC's Holding History (CIK: 0001056823)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 14,113,593 Value ($000) $964,805 Avg Close — Range —
Q3 2025
Shares 14,181,200 Value ($000) $1,273,046 Avg Close — Range —
Q2 2025
Shares 14,551,191 Value ($000) $1,234,378 Avg Close — Range —
Q1 2025
Shares 14,696,513 Value ($000) $957,772 Avg Close — Range —
Q4 2024
Shares 15,168,163 Value ($000) $1,122,747 Avg Close — Range —
Q3 2024
Shares 15,208,060 Value ($000) $768,007 Avg Close — Range —
Q2 2024
Shares 14,917,448 Value ($000) $794,205 Avg Close — Range —
Q1 2024
Shares 14,974,187 Value ($000) $945,919 Avg Close — Range —
Q4 2023
Shares 15,604,708 Value ($000) $540,235 Avg Close — Range —
Q3 2023
Shares 15,783,711 Value ($000) $302,889 Avg Close — Range —
Q2 2023
Shares 15,796,006 Value ($000) $303,125 Avg Close — Range —
Q1 2023
Shares 15,841,652 Value ($000) $259,169 Avg Close — Range —
Q4 2022
Shares 15,814,012 Value ($000) $131,098 Avg Close — Range —