UNDER EMBARGO UNTIL 3/20/2023 AT 7AM ET

REDEEMGBTC.COM ANNOUNCES A PIVOTAL GBTC SHAREHOLDERS MEETUP AT BITCOIN 2023 CONFERENCE IN MIAMI, FL

17 March 2023

NASHVILLE, TN, March 17, 2023 – RedeemGBTC.com, a leading advocacy group for Grayscale Bitcoin Trust (GBTC) shareholders, is announcing a plan to host a GBTC Shareholders Meetup at the Bitcoin 2023 Conference, set to take place on May 18, 2023, in Miami, FL. This event will gather GBTC shareholders who are unhappy with the status quo and will help chart a course for the Trust's future direction.

The Grayscale Bitcoin Trust has been plagued with a widening gap between its trading price and net asset value (NAV), leaving shareholders concerned and frustrated as it now trades at a staggering 40% discount. This critical situation calls for immediate action and has led to the organization of the GBTC Shareholders Meetup by RedeemGBTC.com.

The meetup aims to provide a unique platform for shareholders to convene, discuss, and decide on the future of the Trust. It serves as a venue to address their concerns and identify solutions that may restore the Trust's credibility, improve shareholder value, and explore alternative sponsors and redemption strategies.

Call for Trust Sponsor Proposals

RedeemGBTC.com is now accepting proposals from companies interested in becoming the next sponsor for the Grayscale Bitcoin Trust. Prospective sponsors are invited to submit their proposals, detailing their vision, strategies, and value proposition for the Trust. Proposals will be reviewed by the organizers, and selected companies will have the opportunity to present their ideas at the GBTC Shareholders Meetup.

Shareholders will have the chance to engage with these companies, evaluate their propositions, and provide feedback. The event promises an atmosphere of collaboration, information exchange, and the possibility of significant change for the Trust.

The anticipated representation of more than 30% of outstanding GBTC shares at the meetup underscores its credibility as a significant platform for stakeholders. This strong presence ensures that participants can effectively network, exchange ideas, and collaboratively develop strategic plans to secure the Trust's long-term success.

For additional information on the GBTC Shareholders Meetup, to register your attendance, or to submit a sponsorship proposal, please visit Bitcoin 2023 Industry Day page.

About RedeemGBTC.com:
RedeemGBTC.com is an advocacy group dedicated to safeguarding the interests of Grayscale Bitcoin Trust shareholders. Founded by a group of passionate and committed investors, the organization strives to bring transparency, fairness, and value to the Trust's management and operations.

About Bitcoin 2023 Conference:
This annual global Bitcoin Conference has grown tremendously since it began in San Francisco in 2019. Last April in Miami the team hosted over 26,000 attendees and 400+ companies and went global in October of 2022 with Bitcoin Amsterdam – the largest European bitcoin conference.