NYSE$BTC

Grayscale Bitcoin Mini Trust · Q1 2025 earnings

Q1 2025 earnings ·

Briefing

Grayscale Bitcoin Mini Trust ETF reported Q1 2025, a net loss of $50M.

For Q1 2025, Grayscale Bitcoin Mini Trust ETF reported a net loss of $50M. The filing highlights segment performance, liquidity, and management commentary on the period.

  • Net loss $50M.
  • Grayscale Bitcoin Mini Trust ETF discusses capital allocation and near-term priorities in MD&A.
  • Grayscale Bitcoin Mini Trust ETF discusses capital allocation and near-term priorities in MD&A.

Headline financials

Total Revenue

$34M

No prior period
Free Cash Flow

-$492M

No prior period
Net Income

-$492M

No prior period
Operating Income

$32.6M

No prior period
Gross Profit

$34M

No prior period

Revenue & EPS history

Grayscale Bitcoin Mini Trust · Revenue · Quarterly

$34M

Q1 2025

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 4 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.2%

Avg return

Earnings day

+3.1%

Avg return

5 days after

+7.1%

Avg return

30 days after

50%

2 / 4 earnings

Positive

+3.2%

Q3 2025

Best reaction

-3.2%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+3.2%+5.3%-11.3%
Q2 2025-3.2%-1.2%-7.3%
Q1 2025+0.4%-0.4%+8.2%
Q3 2024-1.1%+8.9%+38.8%

Discussion

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