v3.26.1
Fair Value of Bitcoin (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
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)

 

Quantity

 

 

Fair Value

 

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/depreciation 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

 

Balance at March 31, 2025

 

 

193,442.23018809

 

 

$

15,948,122

 

 

 

 

 

 

 

 

(Amounts in thousands, except Bitcoin amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2025

 

 

165,591.49612215

 

 

$

14,497,437

 

Bitcoin contributed

 

 

2,878.48165699

 

 

 

224,028

 

Bitcoin redeemed

 

 

(13,179.89148033

)

 

 

(1,048,617

)

Bitcoin distributed for Sponsor’s Fee, related party

 

 

(586.23873893

)

 

 

(44,984

)

Net change in unrealized appreciation/depreciation on investment in Bitcoin

 

 

-

 

 

 

(3,988,628

)

Net realized gain on investment in Bitcoin sold to pay expenses

 

 

-

 

 

 

34,495

 

Net realized gain on investment in Bitcoin sold for redemption of Shares

 

 

-

 

 

 

816,008

 

Balance at March 31, 2026

 

 

154,703.84755988

 

 

$

10,489,739