CoinShares Valkyrie Bitcoin Fund (BRRR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BRRR currently has 21.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 11.36% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 12, 2026 |
10-Q filing | 21.6M shares outstanding |
22M | 0 |
| Nov 13, 2025 |
10-Q filing | 20.9M shares outstanding |
21M | 0 |
| May 15, 2025 |
10-Q filing | 21.6M shares outstanding |
22M | 0 |
| Mar 28, 2025 |
10-K filing | 26.5M shares outstanding |
26M | 0 |
| Nov 14, 2024 |
POS AM filing: This is a POS AM filing for shares representing units of fractional undivided beneficial interest in a trust that holds bitcoin. The trust issues and redeems shares in baskets of 5,000. |
31M | 0 |
| Nov 12, 2024 |
10-Q filing | 31.0M shares outstanding |
31M | 0 |
| Oct 29, 2024 |
POS AM filing: This is a POS AM filing for shares representing units of fractional undivided beneficial interest in a Bitcoin Trust. The Trust issues and redeems shares in Baskets from Authorized Participants in exchange for cash, which is converted to Bitcoin as soon as practicable. |
29M | 0 |
| Oct 04, 2024 |
POS AM filing: This is a POS AM filing for shares representing units of fractional undivided beneficial interest in a Bitcoin Trust. The trust issues and redeems shares in baskets and uses proceeds received to convert to bitcoin as soon as practicable. |
29M | 0 |
| Aug 09, 2024 |
10-Q filing | 28.8M shares outstanding |
29M | 0 |
| May 14, 2024 |
10-Q filing | 26.9M shares outstanding |
27M | 0 |
| Mar 27, 2024 |
10-K filing | 11.0M shares outstanding |
11M | 0 |
| Jan 09, 2024 |
S-1/A filing: This S-1/A filing is for Shares representing units of fractional undivided beneficial interest in, and ownership of, the Trust. |
N/A | 0 |
| Jan 09, 2024 |
S-1/A filing: This S-1/A filing relates to the registration of Shares representing units of fractional undivided beneficial interest in, and ownership of, the Trust, which aims to reflect the performance of the value of bitcoin. |
N/A | 0 |
| Jan 08, 2024 |
S-1/A filing: This S-1/A filing relates to the registration of Shares representing units of fractional undivided beneficial interest in, and ownership of, the Valkyrie Bitcoin Fund Trust for listing on The Nasdaq Stock Market under the ticker symbol "BRRR". |
N/A | 0 |
| Dec 29, 2023 |
S-1/A filing: The Trust issues Baskets of Shares to Authorized Participants on an ongoing basis in exchange for cash, which is used to purchase bitcoin that is deposited for safekeeping with the Custodian. |
N/A | 0 |
| Dec 14, 2023 |
S-1/A filing: This S-1/A filing is for shares representing units of fractional undivided beneficial interest in, and ownership of, the Trust, traded under the ticker symbol "BRRR" on the Nasdaq Stock Market, LLC. |
N/A | 0 |
| Oct 30, 2023 |
S-1/A filing: This S-1/A filing relates to the registration of Shares representing units of fractional undivided beneficial interest in a Bitcoin Trust for public offering and listing on Nasdaq under the symbol 'BRRR'. |
N/A | 0 |
| Jun 21, 2023 |
S-1/A filing: This S-1/A filing relates to the registration of Shares representing units of fractional undivided beneficial interest in a Bitcoin trust, which will trade on Nasdaq under the ticker symbol "BRRR." |
N/A | 0 |