| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
The investment measured at fair
value on a recurring basis and categorized using the three levels of fair value hierarchy consisted of the following as of December
31, 2022 and December 31, 2021:
| |
|
Number |
|
Per Bitcoin |
|
Amount at |
|
Fair Value Measurement Category |
| December 31, 2022 |
|
of Bitcoin |
|
Fair Value |
|
Fair Value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment in Bitcoin |
|
|
2,792.88 |
|
|
$ |
16,561.21 |
|
|
$ |
46,253,445 |
|
|
$ |
- |
|
|
$ |
46,253,445 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number |
|
Per Bitcoin |
|
Amount at |
|
Fair Value Measurement Category |
| December 31, 2021 |
|
of Bitcoin |
|
Fair Value |
|
Fair Value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment in Bitcoin |
|
|
2,828.93 |
|
|
$ |
45,867.86 |
|
|
$ |
129,756,984 |
|
|
$ |
- |
|
|
$ |
129,756,984 |
|
|
$ |
- |
|
|
| Investment Holdings, Schedule of Investments [Table Text Block] |
The following represents the changes
in quantity and the respective fair value of Bitcoin for the year ended December 31, 2022:
| | |
Bitcoin | |
Fair Value |
| Balance at January 1, 2022 | |
| 2,828.93 | | |
$ | 129,756,984 | |
| Bitcoin distributed for Management Fee, related party | |
| (13.78 | ) | |
| (407,612 | ) |
| Bitcoin distributed for other fees | |
| (22.27 | ) | |
| (531,601 | ) |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 809,988 | |
| Net change in unrealized depreciation on investment in Bitcoin | |
| - | | |
| (83,374,314 | ) |
| Balance at December 31, 2022 | |
| 2,792.88 | | |
$ | 46,253,445 | |
The following represents the changes
in quantity and the respective fair value of Bitcoin for the year ended December 31, 2021:
| | |
Bitcoin | |
Fair Value |
| Balance at January 1, 2021 | |
| 1,548.46 | | |
$ | 44,946,574 | |
| Bitcoin distributed for Management Fee, related party | |
| (12.12 | ) | |
| (577,302 | ) |
| Bitcoin distributed for other fees | |
| (6.90 | ) | |
| (314,213 | ) |
| Subscriptions | |
| 1,299.49 | | |
| 68,827,516 | |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 29,635 | |
| Net change in unrealized appreciation on investment in Bitcoin | |
| - | | |
| 16,844,774 | |
| Balance at December 31, 2021 | |
| 2,828.93 | | |
$ | 129,756,984 | |
|