Item 8.01. Other Events.
On February 11, 2021, the sole member of Grayscale Investments, LLC, the sponsor
(the "Sponsor") of Grayscale Bitcoin Trust (BTC) (the "Trust"), appointed Mark
Murphy to serve as a member of the board of directors of the Sponsor and Edward
McGee to serve as principal financial officer and member of the audit committee
of the Sponsor. Mr. Murphy succeeds Simi Wurtzel in his role as board member of
the Sponsor and Mr. McGee succeeds Mr. Wurtzel in his roles as principal
financial officer and audit committee member of the Sponsor.
Mark Murphy, Board Member
Mark Murphy, 45, is the Chief Operating Officer of Digital Currency Group, Inc.
("DCG"). In that role, he works closely with DCG's subsidiaries on strategy,
execution, marketing, and all management matters. Mr. Murphy leads DCG's legal,
communications, marketing, brand, and public policy efforts, and supports DCG's
chief executive officer on day-to-day management of DCG. He also advises DCG
portfolio companies on public relations, brand, and marketing efforts. Prior to
serving as COO of DCG, Mr. Murphy served as Head of Public Affairs. Mr. Murphy
is also President of the Board of Directors of Blockchain Association, the
industry's leading trade association.
Prior to joining DCG, Mr. Murphy led communications teams at Bloomberg, First
Data, and SecondMarket. Mr. Murphy worked as a commercial litigation attorney
earlier in his career. He is a graduate of Miami University (B.A.) and St.
John's University School of Law (J.D.).
Edward McGee, Vice President, Finance and Controller
Edward McGee, 37, is the Vice President, Finance of the Sponsor and has served
as Controller of the Sponsor since June 2019. Prior to taking on his role at the
Sponsor, Mr. McGee served as a Vice President, Accounting Policy at Goldman,
Sachs & Co. providing coverage to their SEC Financial Reporting team
facilitating the preparation and review of their financial statements and
provided U.S. GAAP interpretation, application and policy development while
servicing their Special Situations Group, Merchant Banking Division and Urban
Investments Group from 2014 to 2019. From 2011 to 2014, Mr. McGee was an auditor
at Ernst & Young providing assurance services to publicly listed companies.
Mr. McGee earned his Bachelor of Science degree in accounting from the John H.
Sykes College of Business at the University of Tampa and graduated with honors
while earning his Master of Accountancy in Financial Accounting from the Rutgers
Business School at the State University of New Jersey. Mr. McGee is a certified
public accountant licensed in the state of New York.
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