Grayscale Ethereum Trust ETH
For the period ended Mar 31, 2024. Filed May 3, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Ethereum Trust (ETH) (OTCQX: ETHE) by DCG, the parent company of the Sponsor, on a monthly basis during the three mont
hs
ended March 31, 2024:
| Period | (a) TotalNumber ofShares ofETHEPurchased | (b) AveragePrice Paidper Shareof ETHE | (c) TotalNumber ofSharesPurchasedas Part ofPubliclyAnnouncedPlans orPrograms(1) | (d)ApproximateDollar Valueof Shares thatMay Yet BePurchasedUnder thePlans orPrograms(1) |
|---|---|---|---|---|
| (in millions) | ||||
| January 1, 2024 – January 31, 2024 | — | $— | — | $200.0 |
| February 1, 2024 – February 29, 2024 | — | — | — | 200.0 |
| March 1, 2024 – March 31, 2024 | — | — | — | 200.0 |
| Total | — | $— | — | $200.0 |
| (1) | On March 2, 2022, the Board approved the purchase by DCG, the parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Trust (BTC) (NYSE Arca: GBTC), Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC), Grayscale Ethereum Classic Trust (ETC) (OTCQX: ETCG), and Grayscale Stellar Lumens Trust (XLM) (OTCQX: GXLM). Subsequently, DCG authorized such purchase. The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time. From March 2, 2022 through April 30, 2024, DCG had not purchased any Shares of the Trust under this authorization. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.