| Schedule of Fair Value, Assets Measured on Recurring Basis |
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 March 31, 2025, and December 31,
2024:
Schedule
of Fair Value, Assets Measured on Recurring Basis
| | |
Number | | |
Per Bitcoin Fair | | |
Amount at | | |
Fair Value Measurement Category | |
| March 31, 2025 | |
of Bitcoin | | |
Value | | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 1,931.03 | | |
$ | 82,445.02 | | |
$ | 159,203,438 | | |
$ | 159,203,438 | | |
$ | - | | |
$ | - | |
| | |
Number | | |
Per Bitcoin Fair | | |
Amount at | | |
Fair Value Measurement Category | |
| December 31, 2024 | |
of Bitcoin | | |
Value | | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 1,937.86 | | |
$ | 93,393.01 | | |
$ | 180,982,533 | | |
$ | - | | |
$ | 180,982,533 | | |
$ | - | |
|
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, 2024, and December
31, 2023:
Schedule
of Fair Value, Assets Measured on Recurring Basis
| | |
Number | | |
Per Bitcoin Fair | | |
Amount at | | |
Fair Value Measurement Category | |
| December 31, 2024 | |
of Bitcoin | | |
Value | | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 1,937.86 | | |
$ | 93,393.01 | | |
$ | 180,982,533 | | |
$ | - | | |
$ | 180,982,533 | | |
$ | - | |
| | |
Number | | |
Per Bitcoin Fair | | |
Amount at | | |
Fair Value Measurement Category | |
| December 31, 2023 | |
of Bitcoin | | |
Value | | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 2,750.14 | | |
$ | 42,014.39 | | |
$ | 115,545,433 | | |
$ | - | | |
$ | 115,545,433 | | |
$ | - | |
|
| Schedule of Investment Holdings of Investments |
The following represents the changes in quantity
and the respective fair value of Bitcoin for the year ended March 31, 2025:
Schedule
of Investment Holdings of Investments
| | |
Bitcoin | | |
Fair Value | |
| Balance at January 1, 2025 | |
| 1937.86 | | |
| 180,982,533 | |
| | |
| - | | |
| - | |
| Bitcoin distributed for Management Fee, related party | |
| (2.34 | ) | |
| (221,188 | ) |
| Bitcoin distributed for other fees | |
| (4.49 | ) | |
| (394,750 | ) |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 591,456 | |
| Net change in unrealized appreciation on investment in Bitcoin | |
| - | | |
| (21,754,613 | ) |
| Balance at March 31, 2025 | |
| 1,931.03 | | |
| 159,203,438 | |
| | |
Bitcoin | | |
Fair Value | |
| Balance at January 1, 2024 | |
| 2,750.14 | | |
| 115,545,433 | |
| Bitcoin distributed for redemptions | |
| (788.11 | ) | |
| (54,057,318 | ) |
| Bitcoin distributed for Management Fee, related party | |
| (10.82 | ) | |
| (672,027 | ) |
| Bitcoin distributed for other fees | |
| (13.35 | ) | |
| (813,233 | ) |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 52,631,033 | |
| Net change in unrealized depreciation on investment in Bitcoin | |
| - | | |
| 68,348,645 | |
| Balance at December 31, 2024 | |
| 1937.86 | | |
| 180,982,533 | |
|
The following represents the changes in quantity
and the respective fair value of Bitcoin for the year ended December 31, 2024:
Schedule
of Investment Holdings of Investments
| | |
Bitcoin | | |
Fair Value | |
| Balance at January 1, 2024 | |
| 2,750.14 | | |
| 115,545,433 | |
| Bitcoin distributed for redemptions | |
| (788.11 | ) | |
| (54,057,318 | ) |
| Bitcoin distributed for Management Fee, related party | |
| (10.82 | ) | |
| (672,027 | ) |
| Bitcoin distributed for other fees | |
| (13.35 | ) | |
| (813,233 | ) |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 52,631,033 | |
| Net change in unrealized appreciation on investment in Bitcoin | |
| - | | |
| 68,348,645 | |
| Balance at December 31, 2024 | |
| 1,937.86 | | |
| 180,982,533 | |
| | |
Bitcoin | | |
Fair Value | |
| Balance at January 1, 2023 | |
| 2,792.88 | | |
| 46,253,445 | |
| Bitcoin distributed for Management Fee, related party | |
| (13.57 | ) | |
| (376,173 | ) |
| Bitcoin distributed for other fees | |
| (29.17 | ) | |
| (832,036 | ) |
| Net realized gain on investment in Bitcoin | |
| - | | |
| 1,055,021 | |
| Net change in unrealized depreciation on investment in Bitcoin | |
| - | | |
| 69,445,176 | |
| Balance at December 31, 2023 | |
| 2,750.14 | | |
| 115,545,433 | |
|