Grayscale submitted a Grayscale Horizen Trust (ZEN) 8-K form to the US SEC, which showed that the trust fund privately issued 3,565,200 shares to specific "qualified investors", totaling approximately 304,034 ZEN tokens, worth $4,712,299. https://www.sec.gov/Archives/edgar/data/1748945/000095017024139563/0000950170-24-139563-index.htm