Grayscale Stacks Trust

Grayscale Stacks Trust is a publicly quoted investment trust that provides exposure to STX, the native token of the Stacks network. Launched initially through private placement to accredited investors in May 2024, it began trading on OTCQB in October 2025, marking it as the first such U.S. product dedicated to STX. The trust's objective is for the value of its shares to reflect the value of STX holdings, adjusted for expenses and liabilities, enabling investors to access this asset via standard brokerage accounts like other public securities. The Stacks network serves as a Bitcoin-anchored layer-2 solution, enhancing Bitcoin's capabilities by introducing smart contracts, decentralized applications (dApps), and improved scalability. It addresses growing demands on Bitcoin from innovations like Ordinals, BRC-20 tokens, and Runes by boosting transaction throughput, reducing costs, and preserving network security and decentralization. Managed by Grayscale Investments, the world's largest digital asset-focused platform with approximately $31 billion in assets under management as of late 2025, the trust underscores Grayscale's role in bridging emerging blockchain technologies to traditional portfolios, supporting the evolution toward exchange-traded products. Custodied by Coinbase Custody Trust Company, it operates within the digital assets category, emphasizing institutional-grade access to next-generation protocols.