| Investments in Bitcoin |
Note 7 – Investments in Bitcoin The Trust expects to purchase or sell bitcoin in connection with cash creation or redemption transactions, and may sell bitcoin to pay certain expenses, including the Sponsor Fee. The following is a summary of the transactions in, and earnings from, investments in bitcoin for the three and six months ended June 30, 2026.
|
|
|
|
|
Fair Value |
|
Opening Balance as of 03/31/2026 |
$ |
457,292,716 |
|
Purchases at Cost |
|
11,203,254 |
|
Proceeds from Bitcoin sold to pay Sponsor Fee |
|
(309,701 |
) |
Proceeds from Bitcoin sold for Redemptions |
|
(96,486,088 |
) |
Change in Unrealized Appreciation (Depreciation) |
|
(11,690,927 |
) |
Net Realized Gain (Loss) on Investments in Bitcoin Sold to pay Sponsor Fee |
|
(165,121 |
) |
Net Realized Gain (Loss) on Investments in Bitcoin Sold for Redemptions |
|
(43,974,778 |
) |
Ending Balance as of 06/30/2026 |
$ |
315,869,355 |
|
|
|
|
|
|
Fair Value |
|
Opening Balance as of 12/31/2025 |
$ |
544,369,140 |
|
Purchases at Cost |
|
66,313,377 |
|
Proceeds from Bitcoin sold to pay Sponsor Fee |
|
(638,169 |
) |
Proceeds from Bitcoin sold for Redemptions |
|
(111,697,588 |
) |
Change in Unrealized Appreciation (Depreciation) |
|
(130,556,761 |
) |
Net Realized Gain (Loss) on Investments in Bitcoin Sold to pay Sponsor Fee |
|
(301,591 |
) |
Net Realized Gain (Loss) on Investments in Bitcoin Sold for Redemptions |
|
(51,619,053 |
) |
Ending Balance as of 06/30/2026 |
$ |
315,869,355 |
|
The following is a summary of the transactions in, and earnings from, investments in bitcoin for the three and six months ended
June 30, 2025.
|
|
|
|
|
Fair Value |
|
Opening Balance as of 03/31/2025 |
$ |
436,270,179 |
|
Purchases at Cost |
|
60,647,435 |
|
Proceeds from Bitcoin sold to pay Sponsor Fee |
|
(311,444 |
) |
Proceeds from Bitcoin sold for Redemptions |
|
(67,360,804 |
) |
Change in Unrealized Appreciation (Depreciation) |
|
114,413,890 |
|
Net Realized Gain (Loss) on Investments in Bitcoin Sold to pay Sponsor Fee |
|
47,596 |
|
Net Realized Gain (Loss) on Investments in Bitcoin Sold for Redemptions |
|
12,299,259 |
|
Ending Balance as of 06/30/2025 |
$ |
556,006,111 |
|
|
|
|
|
|
Fair Value |
|
Opening Balance as of 12/31/2024 |
$ |
727,789,330 |
|
Purchases at Cost |
|
89,021,228 |
|
Proceeds from Bitcoin sold to pay Sponsor Fee |
|
(793,259 |
) |
Proceeds from Bitcoin sold for Redemptions |
|
(313,763,953 |
) |
Change in Unrealized Appreciation (Depreciation) |
|
(19,530,740 |
) |
Net Realized Gain (Loss) on Investments in Bitcoin Sold to pay Sponsor Fee |
|
136,544 |
|
Net Realized Gain (Loss) on Investments in Bitcoin Sold for Redemptions |
|
73,146,961 |
|
Ending Balance as of 06/30/2025 |
$ |
556,006,111 |
|
|