GRAE BASINPV Stock

Grayscale Basic Attention Token Trust (BAT) is a statutory trust. The Trust is a passive entity that is managed and administered by the Sponsor. The Trust's investment objective is for the value of the shares to reflect the value of BAT held by the Trust, less the Trust's expenses and other liabilities. The activities of the Trust include issuing baskets in exchange for BAT transferred to the Trust as consideration in connection with the creations; transferring or selling BAT, Incidental Rights and IR Virtual Currency as necessary to cover the sponsor’s fee and/or any additional trust expenses; transferring BAT in exchange for baskets surrendered for redemption; causing the Sponsor to sell BAT, incidental rights and IR virtual currency on the termination of the Trust; making distributions of incidental rights and/or IR virtual currency or cash from the sale thereof, and engaging in all administrative and security procedures. The Trust's sponsor is Grayscale Investments Sponsors, LLC.