v3.25.1
Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash provided by operating activities      
Net (decrease) increase in net assets resulting from operations $ (2,199,511) $ 12,150,026  
Adjustments to reconcile net (decrease) increase in net assets resulting from operations to net cash provided by operating activities:      
Purchases of Bitcoin [1] (197,029) (78,975)  
Proceeds from Bitcoin sold to pay redemptions [1] 1,235,967 14,741,756  
Proceeds from Bitcoin sold to pay expenses 68,939 94,878  
Net realized gain (1,087,812) (11,769,351)  
Net change in unrealized appreciation on investment in Bitcoin 3,218,384 (475,553) $ 3,092,838
Change in operating assets and liabilities:      
Sponsor's Fee payable 0 0  
Net cash provided by operating activities 1,038,938 14,662,781  
Cash used in financing activities      
Proceeds from issuance of capital shares [1] 197,029 78,975  
Payments for capital shares redeemed [1] (1,235,967) (14,741,756)  
Net cash used in financing activities (1,038,938) (14,662,781)  
Cash      
Net increase (decrease) in cash 0 0  
Cash, beginning of period 0 0 0
Cash, end of period 0 0 $ 0
Supplemental disclosure of noncash operating activities      
Transfer of Bitcoin to pay for Sponsor's Fee $ 68,939 $ 94,878  
[1] The proceeds collected by an Authorized Participant from the sale of Shares and the payments for Shares redeemed by an Authorized Participant do not correlate with the amounts in the Statement of Operations and the Statement of Changes in Net Assets for the period due to creations and redemptions occurring at the Index Price as defined in the Trust Agreement.