Grayscale Bitcoin Trust ETF (GBTC) Enterprise Value (2024 - 2025)
Grayscale Bitcoin Trust ETF's Enterprise Value came in at $14.49 billion for Q4 2025, down 24.4% from $19.17 billion a year earlier and down 28.3% from the prior quarter.
Powered by 
Analysis
Grayscale Bitcoin Trust ETF (GBTC) Enterprise Value (2024 - 2025) Analysis & Trends
Going back to Q1 2024, Grayscale Bitcoin Trust ETF's Enterprise Value data covers 8 quarters.
- Going back by year, Enterprise Value was $19.17 billion in FY2024.
- The Q4 2025 figure represents the lowest quarterly Enterprise Value since Q3 2024.
- Year-over-year, Enterprise Value increased in two of the last four quarters, with growth averaging 6.9%.
- Business Quant data shows GBTC's Enterprise Value at $20.21 billion (Q3 2025), $19.94 billion (Q2 2025) and $15.95 billion (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 14.49 Bn |
| Sep 30, 2025 | 20.21 Bn |
| Jun 30, 2025 | 19.94 Bn |
| Mar 31, 2025 | 15.95 Bn |
| Dec 31, 2024 | 19.17 Bn |
| Sep 30, 2024 | 14.03 Bn |
| Jun 30, 2024 | 14.93 Bn |
| Mar 31, 2024 | 21.45 Bn |
API Access
Grayscale Bitcoin Trust ETF Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=GBTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "GBTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=GBTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();