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 Video: What is a Stock Split?
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| Grayscale Bitcoin Trust (BTC) is a statutory trust. The Trust issues common units of fractional undivided beneficial interest (Shares) only in one or more blocks of 100 Shares (a block of 100 Shares is called a Basket) to certain authorized participants from time to time. Baskets are provided in exchange for Bitcoins. The investment objective of the Trust is for the Shares (based on Bitcoin per Share) to reflect the value of the Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities. According to our Grayscale Bitcoin Trust stock split history records, Grayscale Bitcoin Trust has had 1 split. | |
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Grayscale Bitcoin Trust (GBTC) has 1 split in our Grayscale Bitcoin Trust stock split history database. The split for GBTC took place on January 29, 2018. This was a 91 for 1 split, meaning for each share of GBTC owned pre-split, the shareholder now owned 91 shares. For example, a 1000 share position pre-split, became a 91000 share position following the split.
When a company such as Grayscale Bitcoin Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Grayscale Bitcoin Trust stock split history from start to finish, an original position size of 1000 shares would have turned into 91000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Grayscale Bitcoin Trust shares, starting with a $10,000 purchase of GBTC, presented on a split-history-adjusted basis factoring in the complete Grayscale Bitcoin Trust stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/12/2015 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$0.55 |
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| End price/share: |
$49.68 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
8,932.73% |
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| Average Annual Total Return: |
61.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$903,521.55 |
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| Years: |
9.41 |
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| Date |
Ratio |
| 01/29/2018 | 91 for 1 |
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