| Investment Holdings, Schedule of Investments |
The following represents the changes in quantity of Bitcoin and the respective fair value:
|
|
|
|
|
|
|
|
|
(Amounts in thousands, except Bitcoin amounts) |
|
Bitcoin |
|
|
Fair Value |
|
Beginning balance as of January 1, 2024 |
|
|
619,525.92917020 |
|
|
$ |
26,350,470 |
|
Bitcoin contributed |
|
|
11,073.66100720 |
|
|
|
790,709 |
|
Bitcoin redeemed |
|
|
(393,594.77212630 |
) |
|
|
(22,292,651 |
) |
Bitcoin distributed for Initial Distribution (Return of Capital)(1) |
|
|
(26,935.83753443 |
) |
|
|
(1,756,821 |
) |
Bitcoin distributed for Sponsor’s Fee, related party |
|
|
(4,670.12129794 |
) |
|
|
(290,476 |
) |
Net change in unrealized appreciation on investment in Bitcoin |
|
|
- |
|
|
|
(3,092,838 |
) |
Net realized gain on investment in Bitcoin sold to pay expenses |
|
|
- |
|
|
|
232,398 |
|
Net realized gain on investment in Bitcoin sold for redemption of Shares |
|
|
- |
|
|
|
17,830,575 |
|
Net realized gain on investment in Bitcoin sold for Return of Capital(1) |
|
|
- |
|
|
|
1,410,878 |
|
Balance at December 31, 2024 |
|
|
205,398.85921873 |
|
|
$ |
19,182,244 |
|
Bitcoin contributed |
|
|
1,965.72939387 |
|
|
|
192,570 |
|
Bitcoin redeemed |
|
|
(13,185.34046936 |
) |
|
|
(1,227,181 |
) |
Bitcoin distributed for Sponsor’s Fee, related party |
|
|
(737.01795515 |
) |
|
|
(68,939 |
) |
Net change in unrealized appreciation on investment in Bitcoin |
|
|
- |
|
|
|
(3,218,384 |
) |
Net realized gain on investment in Bitcoin sold to pay expenses |
|
|
- |
|
|
|
57,881 |
|
Net realized gain on investment in Bitcoin sold for redemption of Shares |
|
|
- |
|
|
|
1,029,931 |
|
Ending balance as of March 31, 2025 |
|
|
193,442.23018809 |
|
|
|
15,948,122 |
|
(1)Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin with a value of approximately $1,756.8 million to Grayscale Bitcoin Mini Trust ETF, completed on July 31, 2024, as discussed in Note 4.
|