Grayscale Bitcoin Trust (BTC) (GBTC)
Company Info
Highlights
$39.56 - $86.11
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Grayscale Bitcoin Trust (BTC), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Grayscale Bitcoin Trust (BTC) (GBTC) returned 8.05% year-to-date (YTD) and 44.63% over the past 12 months. Over the past 10 years, GBTC delivered an annualized return of 64.85%, outperforming the S&P 500 benchmark at 10.43%.
GBTC
8.05%
31.96%
31.37%
44.63%
47.70%
64.85%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of GBTC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 8.63% | -17.16% | -2.16% | 13.96% | 7.69% | 8.05% | |||||||
| 2024 | 9.73% | 45.70% | 14.13% | -16.88% | 14.44% | -11.40% | -2.20% | -10.22% | 8.02% | 10.12% | 38.63% | -3.98% | 113.81% |
| 2023 | 46.56% | -5.02% | 41.77% | 0.37% | -15.41% | 38.16% | -0.31% | -2.20% | 2.57% | 39.45% | 13.02% | 14.47% | 317.61% |
| 2022 | -23.39% | 12.00% | 3.91% | -13.62% | -22.14% | -41.29% | 22.72% | -15.27% | -9.01% | 5.17% | -24.58% | -8.40% | -75.80% |
| 2021 | 8.41% | 24.53% | 15.83% | -6.37% | -35.50% | -1.36% | 16.52% | 8.74% | -10.38% | 46.79% | -6.98% | -25.90% | 7.03% |
| 2020 | 33.09% | -9.63% | -27.72% | 38.62% | 10.33% | -11.80% | 33.42% | 5.58% | -18.92% | 40.20% | 50.80% | 37.97% | 290.72% |
| 2019 | 0.63% | 11.78% | 7.17% | 38.28% | 67.32% | 36.80% | -9.85% | -14.08% | -9.64% | 5.00% | -13.94% | -14.42% | 106.56% |
| 2018 | -29.63% | 14.37% | -41.17% | 51.10% | -22.52% | -30.54% | 22.16% | -8.83% | -16.42% | -15.11% | -25.96% | -20.54% | -82.10% |
| 2017 | -10.81% | 5.99% | 0.97% | 18.60% | 251.52% | -19.43% | 7.69% | 139.28% | -30.15% | 18.00% | 83.62% | 32.54% | 1,557.23% |
| 2016 | -31.75% | 30.24% | -2.86% | 31.80% | 8.92% | 53.08% | -20.53% | -13.69% | 9.75% | 19.89% | -8.71% | 23.50% | 93.10% |
| 2015 | -21.43% | -8.71% | 0.09% | -13.76% | 7.74% | 21.02% | 32.75% | 40.00% | 50.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 78, GBTC is among the top 22% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Grayscale Bitcoin Trust (BTC) provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Grayscale Bitcoin Trust (BTC). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Bitcoin Trust (BTC). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Grayscale Bitcoin Trust (BTC) was 89.91%, occurring on Dec 14, 2018. Recovery took 517 trading sessions.
The current Grayscale Bitcoin Trust (BTC) drawdown is 5.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.91% | Dec 19, 2017 | 249 | Dec 14, 2018 | 517 | Jan 5, 2021 | 766 |
| -86.24% | Feb 22, 2021 | 468 | Dec 28, 2022 | 295 | Mar 4, 2024 | 763 |
| -57.96% | May 7, 2015 | 78 | Aug 26, 2015 | 71 | Dec 8, 2015 | 149 |
| -48.42% | Sep 1, 2017 | 9 | Sep 14, 2017 | 50 | Nov 24, 2017 | 59 |
| -41.48% | Jun 20, 2016 | 48 | Aug 25, 2016 | 89 | Jan 3, 2017 | 137 |
Volatility
Volatility Chart
The current Grayscale Bitcoin Trust (BTC) volatility is 12.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
The chart below illustrates the trends in the financial health of Grayscale Bitcoin Trust (BTC) over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Grayscale Bitcoin Trust (BTC) is priced in the market compared to other companies in the Capital Markets industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
Income Statement
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EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
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Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
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Interest Income | — |
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Net Interest Income | — |