CoinShares Valkyrie Bitcoin Fund
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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Sep 30, 2024 · Filed Nov 12, 2024
BRRR$20.74-1.6%Stored close · as of Nov 10, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
| (a) | On January 10, 2024, Valkyrie Funds LLC, an affiliate of the Sponsor, purchased 40,000 Shares at a per-Share price of $13.00 (the “Seed Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act. Delivery of the Seed Shares was made on January 11, 2024. Total proceeds to the Trust from the sale of the Seed Shares was $520,000. |
|---|---|
| (b) | Not applicable. |
| (c) | In connection with redemptions of baskets held by an Authorized Participant, BRRR redeemed 111 baskets (comprising 555,000 Shares) during the three months ended September 30, 2024, at an average price per Share of $15.82. The following table provides information about BRRR’s redemptions by Authorized Participants during the three months ended September 30, 2024: |
| Calendar Month | Number of Shares Redeemed | Average Price Paid per Share |
|---|---|---|
| July 2024 | – | $– |
| August 2024 | 100,000 | 16.81 |
| September 2024 | 455,000 | 15.60 |
| Total | 555,000 | $15.82 |
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