iShares Bitcoin Trust ETF (IBIT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
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
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 |