iShares Bitcoin Trust ETF (IBIT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 96.65% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.4B
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

IBIT currently has 1.43B outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 96.65% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 1429.7M shares outstanding

1.4B 0
Aug 05, 2025

10-Q filing | 1304.9M shares outstanding

1.3B 0
Jul 02, 2025

POS AM filing: This is a POS AM filing for the iShares Bitcoin Trust ETF, registering an indeterminate number of shares to be issued on a continuous basis, with shares representing fractional undivided beneficial interests in the Trust's net assets.

1.1B 0
May 09, 2025

POS AM filing: This is a POS AM filing for iShares Bitcoin Trust ETF, registering an indeterminate number of shares to be issued on a continuous basis, with transactions taking place in exchange for bitcoin or cash. The shares are listed on NASDAQ under the ticker symbol 'IBIT'.

1.1B 0
May 07, 2025

10-Q filing | 1063.0M shares outstanding

1.1B 0
Mar 05, 2025

10-K filing | 1008.2M shares outstanding

1B 0
Feb 03, 2025

POS AM filing: This is a POS AM filing for iShares Bitcoin Trust ETF, registering an indeterminate number of shares for continuous offering. The Trust seeks to reflect the performance of the price of bitcoin.

760M 0
Nov 07, 2024

10-Q filing | 762.4M shares outstanding

760M 0
Aug 08, 2024

10-Q filing | 602.0M shares outstanding

600M 0
May 08, 2024

10-Q filing | 481.9M shares outstanding

480M 0
Apr 05, 2024

POS AM filing: This is a POS AM filing for the iShares Bitcoin Trust, registering an indeterminate number of shares for continuous offering. The Trust issues and redeems shares in blocks of 40,000 (Baskets) primarily for cash, with potential for in-kind transactions for bitcoin pending regulatory approval. The shares are listed on NASDAQ under the ticker symbol "IBIT."

270M 0
Mar 04, 2024

10-K filing | 266.0M shares outstanding

270M 0
Jan 10, 2024

S-1/A filing: This S-1/A filing is for the registration of an indeterminate number of shares of the iShares Bitcoin Trust, a Delaware statutory trust, for continuous offering.

N/A 0
Jan 09, 2024

S-1/A filing: This is an S-1/A filing for the iShares Bitcoin Trust, registering an indeterminate number of shares to be issued on a continuous basis, with the intention to list and trade on NASDAQ under the ticker symbol "IBIT".

N/A 0
Jan 08, 2024

S-1/A filing: This is an S-1/A filing for the iShares Bitcoin Trust, registering an indeterminate number of shares to be issued on a continuous basis.

N/A 0
Dec 29, 2023

S-1/A filing: This S-1/A filing relates to the registration of iShares Bitcoin Trust shares with the SEC, with an indeterminate number of shares to be issued on a continuous basis.

N/A 0
Dec 22, 2023

S-1/A filing: The iShares Bitcoin Trust is registering an indeterminate number of shares with the SEC in accordance with Rule 456(d) and 457(u).

N/A 0
Dec 18, 2023

S-1/A filing: The iShares Bitcoin Trust intends to issue Shares on a continuous basis and is registering an indeterminate number of Shares with the SEC in accordance with Rule 456(d) and 457(u).

N/A 0
Dec 04, 2023

S-1/A filing: This is an S-1/A filing for the iShares Bitcoin Trust, a Delaware statutory trust issuing shares representing fractional undivided beneficial interests in its net assets, which consist primarily of bitcoin. The Trust intends to issue Shares on a continuous basis and is registering an indeterminate number of Shares with the SEC.

N/A 0
Oct 19, 2023

S-1/A filing: The iShares Bitcoin Trust intends to issue Shares on a continuous basis, representing fractional undivided beneficial interests in its net assets, primarily bitcoin, with Baskets of 40,000 Shares offered continuously at NAV in exchange for bitcoin to Authorized Participants, while Shares will be offered to the public at varying prices reflecting the price of bitcoin and trading price on NASDAQ.

N/A 0
Jun 15, 2023

S-1 filing: This is an S-1 filing for the iShares Bitcoin Trust, a Delaware statutory trust issuing shares representing fractional undivided beneficial interests in its net assets, primarily bitcoin, and seeks to reflect the performance of the price of bitcoin before expenses and liabilities.

N/A 0
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