Osprey Bitcoin Trust (OBTC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 01, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

2.9M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

OBTC currently has 2.94M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 01, 2026	10-K filing \| 2.9M shares outstanding	2.9M
Jan 11, 2024	8-K filing: Osprey Bitcoin Trust announced a tender offer to purchase for cash up to 20% or 1,668,107 outstanding common units at net asset value.	8.3M
Nov 03, 2023	10-Q filing \| 8.3M shares outstanding	8.3M
Aug 01, 2023	10-Q filing \| 8.3M shares outstanding	8.3M
May 09, 2023	10-Q filing \| 8.3M shares outstanding	8.3M
Mar 21, 2023	10-K filing \| 8.3M shares outstanding	8.3M
Nov 09, 2022	10-Q filing \| 8.3M shares outstanding	8.3M
Aug 11, 2022	10-Q filing \| 8.3M shares outstanding	8.3M
May 13, 2022	10-Q filing \| 8.3M shares outstanding	8.3M
Mar 30, 2022	10-K filing \| 8.3M shares outstanding	8.3M
Nov 15, 2021	10-Q filing \| 8.3M shares outstanding	8.3M

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