Grayscale Investments (GRAY) Proxy Filing summary

Audit committee and external auditor matters

• Moss Adams LLP, the independent registered public accounting firm, merged with Baker Tilly US, LLP effective June 3, 2025, and the combined audit practices now operate as Baker Tilly US, LLP.

• Moss Adams resigned as auditors following the merger, and the Audit Committee approved Baker Tilly as the new independent registered public accounting firm.

• Moss Adams' audit report for the year ended December 31, 2024, was unqualified and contained no adverse opinions or disclaimers.

• No disagreements or reportable events occurred with Moss Adams during the relevant periods.

• Moss Adams was provided a copy of the supplement and responded with a letter to the SEC, filed as Exhibit 16.1 to a Form 8-K.

Voting matters and shareholder proposals

• Proposal No. 2, originally to ratify Moss Adams as auditor for 2025, will now be considered a vote to ratify Baker Tilly as the successor firm.

• Abstentions and broker non-votes on Proposal No. 2 will have no effect.

• Proxy voting instructions already submitted remain valid unless revoked.