Press Release: The Fir Tree : Fir Tree Comments on Grayscale's End of Year Investor Letter and Non-Committal Talk of a Tender Offer

NEW YORK--(BUSINESS WIRE)--Fir Tree Partners ("Fir Tree" or "we"), a meaningful shareholder of the Grayscale Bitcoin Trust ("GBTC"), today issued the below statement in response to Grayscale Investments' ("Grayscale" or the "Company") end of year letter to investors published on December 19, 2022. Earlier this month, Fir Tree filed a lawsuit in the Delaware Court of Chancery seeking information from Grayscale on potential mismanagement of and conflicts of interest at GBTC. "Grayscale's recent l