| Summary of Changes in Quantity of Bitcoin and the Respective Fair Value |
The following represents the changes in quantity of Bitcoin and the respective fair value:
|
|
|
|
|
|
|
|
|
(Amounts in thousands, except Bitcoin amounts) |
|
Quantity |
|
|
Fair Value |
|
Balance at July 31, 2024 (the Commencement of the Trust’s Operations) |
|
|
- |
|
|
$ |
- |
|
Bitcoin contributed |
|
|
16,606.04896843 |
|
|
|
1,275,420 |
|
Bitcoin contributed from Initial Distribution(1) |
|
|
26,935.83753443 |
|
|
|
1,756,821 |
|
Bitcoin redeemed |
|
|
(5,507.21831323 |
) |
|
|
(460,574 |
) |
Bitcoin distributed for Sponsor’s Fee, related party |
|
|
(21.75689015 |
) |
|
|
(1,637 |
) |
Net change in unrealized appreciation on investment in Bitcoin |
|
|
- |
|
|
|
889,077 |
|
Net realized gain on investment in Bitcoin sold to pay expenses |
|
|
- |
|
|
|
204 |
|
Net realized gain on investment in Bitcoin sold for redemption of Shares |
|
|
- |
|
|
|
90,723 |
|
Balance at December 31, 2024 |
|
|
38,012.91129948 |
|
|
$ |
3,550,034 |
|
Bitcoin contributed |
|
|
8,896.76657772 |
|
|
|
877,581 |
|
Bitcoin redeemed |
|
|
(2,853.39293888 |
) |
|
|
(253,401 |
) |
Bitcoin distributed for Sponsor’s Fee, related party |
|
|
(30.92929400 |
) |
|
|
(2,975 |
) |
Net change in unrealized appreciation on investment in Bitcoin |
|
|
- |
|
|
|
528,062 |
|
Net realized gain on investment in Bitcoin sold to pay expenses |
|
|
- |
|
|
|
684 |
|
Net realized gain on investment in Bitcoin sold for redemption of Shares |
|
|
- |
|
|
|
43,921 |
|
Balance at June 30, 2025 |
|
|
44,025.35564432 |
|
|
$ |
4,743,906 |
|
(1)Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust ETF, completed on July 31, 2024, as discussed in Note 4.
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