Invesco Galaxy Bitcoin ETF (BTCO) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTCO currently has 5.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 17.28% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Dec 15, 2025 |
POS AM filing: This POS AM filing from Invesco Galaxy Bitcoin ETF relates to the continuous offering of common shares of beneficial interest, traded on the Cboe BZX Exchange under the ticker symbol "BTCO". |
5.2M | 0 |
| Aug 07, 2025 |
10-Q filing | 5.2M shares outstanding |
5.2M | 0 |
| May 08, 2025 |
10-Q filing | 5.3M shares outstanding |
5.3M | 0 |
| Apr 04, 2025 |
POS AM filing: This is a POS AM filing for Invesco Galaxy Bitcoin ETF, registering an indeterminate number of common shares of beneficial interest for continuous issuance and redemption. |
8M | 0 |
| Feb 28, 2025 |
10-K filing | 8.0M shares outstanding |
8M | 0 |
| Nov 07, 2024 |
10-Q filing | 8.1M shares outstanding |
8.1M | 0 |
| Aug 07, 2024 |
10-Q filing | 6.9M shares outstanding |
6.9M | 0 |
| May 14, 2024 |
10-Q filing | 5.9M shares outstanding |
5.9M | 0 |
| Jan 09, 2024 |
S-1/A filing: This is an S-1/A filing. In connection with the Trust’s launch, the Trust was seeded with $100,000 on December 20, 2023 through the sale of 4,000 Shares by the Trust to the Sponsor and On January 2, 2024, the Sponsor purchased an additional 200,000 Shares at a per-Share price of $25.00. |
110K | 0 |
| Jan 08, 2024 |
S-1/A filing: This is an S-1/A filing for a common stock offering. The Trust was seeded with $100,000 on December 20, 2023 through the sale of 4,000 Shares by the Trust to the Sponsor. On January 2, 2024, the Sponsor purchased an additional 200,000 Shares at a per-Share price of $25.00. Total proceeds to the Trust from the sale of the Initial Seed Shares and the Seed Creation Baskets were $5,100,000. |
110K | 0 |
| Dec 29, 2023 |
S-1/A filing: This is an S-1/A filing related to the creation and redemption of shares in exchange for bitcoin or cash. |
N/A | 0 |
| Dec 13, 2023 |
S-1/A filing: The filing is an S-1/A for the Invesco Galaxy Bitcoin ETF registering an indeterminate number of common shares of beneficial interest for continuous offering. |
N/A | 0 |
| Oct 13, 2023 |
S-1/A filing: This S-1/A filing relates to the registration of common stock for resale by selling shareholders. |
N/A | 0 |
| Sep 21, 2021 |
S-1/A filing: This is an S-1/A filing for an exchange-traded fund that issues common shares of beneficial interest (the Shares) that trade under a ticker symbol to be announced prior to commencement of trading. |
N/A | 0 |