WisdomTree Bitcoin Fund (BTCW) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTCW currently has 2.05M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 223.64% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 13, 2026 |
10-Q filing | 2.0M shares outstanding |
2M | 0 |
| Mar 27, 2026 |
10-K filing | 1.8M shares outstanding |
1.8M | 0 |
| Nov 12, 2025 |
10-Q filing | 1.5M shares outstanding |
1.5M | 0 |
| Aug 13, 2025 |
10-Q filing | 1.5M shares outstanding |
1.5M | 0 |
| May 15, 2025 |
10-Q filing | 1.7M shares outstanding |
1.7M | 0 |
| Mar 31, 2025 |
POS AM filing: This is a filing for the registration of an indeterminate number of common shares of beneficial interest for the WisdomTree Bitcoin Fund, which operates as an exchange-traded fund. |
2.8M | 0 |
| Mar 27, 2025 |
10-K filing | 2.8M shares outstanding |
2.8M | 0 |
| Nov 13, 2024 |
10-Q filing | 3.5M shares outstanding |
3.5M | 0 |
| Aug 14, 2024 |
10-Q filing | 1.2M shares outstanding |
1.2M | 0 |
| May 14, 2024 |
10-Q filing | 1.1M shares outstanding |
1.1M | 0 |
| Mar 29, 2024 |
10-K filing | 1.1M shares outstanding |
1.1M | 0 |
| Jan 09, 2024 |
S-1/A filing: This S-1/A filing relates to the registration of common shares of beneficial interest for the WisdomTree Bitcoin Fund, an exchange-traded fund seeking to provide exposure to the price of bitcoin, less expenses. |
1K | 0 |
| Jan 08, 2024 |
S-1/A filing: This is an S-1/A filing for WisdomTree Bitcoin Fund, a Delaware statutory trust. The fund issues common shares of beneficial interest and seeks to gain exposure to the price of bitcoin, less expenses and liabilities. The filing includes information about expenses related to the issuance and distribution of shares and other legal and operational aspects of the trust. |
1K | 0 |
| Dec 29, 2023 |
S-1/A filing: This S-1/A filing relates to the registration of shares of the WisdomTree Bitcoin Fund, with an indeterminate number of securities to be sold at indeterminate prices, and defers payment of the registration fee, and includes information about the trust's operations, bitcoin, and associated agreements. |
20M | 0 |
| Dec 18, 2023 |
S-1/A filing: This is an S-1/A filing for WisdomTree Bitcoin Fund, registering an indeterminate number of exchange-traded vehicle securities, with deferred payment of the registration fee. It also notes a carry forward of fees previously paid for securities up to a maximum aggregate offering price of $1,000,000. |
N/A | 0 |
| Dec 08, 2021 |
S-1/A filing: This is an S-1/A filing related to a trust that invests in bitcoin. The filing discusses various risk factors associated with investing in the trust, including momentum pricing of bitcoin, potential system failures or errors by the Benchmark Administrator, and the lack of experience of the Sponsor in managing an investment vehicle like the Trust within the United States. |
N/A | 0 |