Fidelity Wise Origin Bitcoin Fund (FBTC) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FBTC currently has 213M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 31.03% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 06, 2026 |
10-Q filing | 213.4M shares outstanding |
210M | 0 |
| Aug 08, 2025 |
10-Q filing | 231.7M shares outstanding |
230M | 0 |
| May 23, 2025 |
S-3 filing: Fidelity Wise Origin Bitcoin Fund S-3 filing for continuous offering of shares. |
230M | 0 |
| May 09, 2025 |
10-Q filing | 226.9M shares outstanding |
230M | 0 |
| Mar 14, 2025 |
10-K filing | 227.0M shares outstanding |
230M | 0 |
| Nov 13, 2024 |
10-Q filing | 217.6M shares outstanding |
220M | 0 |
| Aug 09, 2024 |
10-Q filing | 203.7M shares outstanding |
200M | 0 |
| Aug 01, 2024 |
POS AM filing: This is a POS AM filing for the Fidelity® Wise Origin® Bitcoin Fund, an exchange-traded product that issues shares of beneficial interest that trade on the Cboe BZX Exchange, Inc. |
170M | 0 |
| Jul 03, 2024 |
POS AM filing: This is a POS AM filing for the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product issuing shares of beneficial interest that trade on the Cboe BZX Exchange, Inc. The Trust's investment objective is to track the performance of bitcoin. |
170M | 0 |
| May 09, 2024 |
10-Q filing | 173.0M shares outstanding |
170M | 0 |
| Mar 21, 2024 |
10-K filing | 151.6M shares outstanding |
150M | 0 |
| Jan 09, 2024 |
S-1/A filing: This S-1/A filing registers an indeterminate amount of shares for the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product seeking to track the performance of bitcoin. The offering is continuous and intended to last for three years. |
500K | 0 |
| Jan 09, 2024 |
S-1/A filing: The filing is for the continuous offering of shares of beneficial interest in the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product seeking to track the performance of bitcoin. |
500K | 0 |
| Jan 08, 2024 |
S-1/A filing: This S-1/A filing registers an indeterminate amount of shares for the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product seeking to track the performance of bitcoin. |
500K | 0 |
| Dec 29, 2023 |
S-1/A filing: This is an S-1/A filing for the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product that issues shares of beneficial interest to track the performance of bitcoin. |
N/A | 0 |
| Dec 08, 2023 |
S-1/A filing: This is an S-1/A filing for the Fidelity Wise Origin Bitcoin Fund, an exchange-traded product that issues shares of beneficial interest. The Trust's investment objective is to track the performance of bitcoin. |
N/A | 0 |
| Oct 17, 2023 |
S-1/A filing: This is an S-1/A filing for the continuous offering of shares of beneficial interest in the Wise Origin Bitcoin Trust, an exchange-traded product seeking to track the performance of bitcoin. |
N/A | 0 |