Grayscale Bitcoin Trust ETF (GBTC) Gains from Investment Securities (2024 - 2025)

Grayscale Bitcoin Trust ETF (GBTC) reported Gains from Investment Securities of $1.0 billion for Q4 2025, down 33.43% year-over-year from $1.5 billion in Q4 2024, and up 6.98% on a QoQ basis from $957.8 million in Q3 2025.

Grayscale Bitcoin Trust ETF (GBTC) has 2 years of Gains from Investment Securities data on file, last reported at $1.0 billion in Q4 2025.

  • Quarterly Gains from Investment Securities fell 33.43% year-over-year to $1.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $3.9 billion (down 80.12% YoY) and the FY2025 annual result came in at $3.9 billion, down 80.12% from the prior year.
  • Gains from Investment Securities rose to $1.0 billion in Q4 2025 per GBTC's latest filing, from $957.8 million in the prior quarter.
  • Across five years, Gains from Investment Securities topped out at $11.8 billion in Q1 2024 and bottomed at $801.5 million in Q2 2025.

Historic Data

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DateValue
Dec 31, 2025 1.02 Bn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 957.81 Mn
Sep 30, 2025 957.81 Mn
Jun 30, 2025 801.49 Mn
Jun 30, 2025 801.49 Mn
Mar 31, 2025 1.09 Bn
Mar 31, 2025 1.09 Bn
Dec 31, 2024 1.54 Bn
Dec 31, 2024 1.54 Bn
Sep 30, 2024 2.81 Bn
Sep 30, 2024 2.81 Bn
Jun 30, 2024 3.36 Bn
Jun 30, 2024 3.36 Bn
Mar 31, 2024 11.77 Bn
Mar 31, 2024 11.77 Bn