| Schedule of Changes in Quantity of Bitcoin and Fair Value |
The following represents the changes in quantity of bitcoin and the respective fair value for the six-month period ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
Quantity of bitcoin |
|
|
Fair Value
(amounts in thousands) |
|
Beginning balance as of December 31, 2025 |
|
|
38,468.0468 |
|
|
$ |
3,367,647 |
|
Purchases |
|
|
7,610.7077 |
|
|
|
613,156 |
|
In-Kind Creations |
|
|
1,770.6288 |
|
|
|
127,362 |
|
Sales for the redemption of Shares |
|
|
(10,157.5133 |
) |
|
|
(782,370 |
) |
In-Kind Redemptions |
|
|
(1,444.3602 |
) |
|
|
(102,536 |
) |
Bitcoin transferred for Sponsor Fee |
|
|
(39.8179 |
) |
|
|
(3,025 |
) |
Net realized gain (loss) from In-Kind Redemptions of bitcoin |
|
|
— |
|
|
|
45,336 |
|
Net realized gain (loss) from investment in bitcoin transferred to pay Sponsor Fee |
|
|
— |
|
|
|
1,455 |
|
Net realized gain (loss) from investment in bitcoin sold for redemptions |
|
|
— |
|
|
|
(35,191 |
) |
Change in unrealized appreciation (depreciation) from investment in bitcoin |
|
|
— |
|
|
|
(1,105,844 |
) |
Ending balance as of June 30, 2026 |
|
|
36,207.6919 |
|
|
$ |
2,125,990 |
|
The following represents the changes in quantity of bitcoin and the respective fair value for the year ended December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
Quantity of bitcoin |
|
|
Fair Value
(amounts in thousands) |
|
Beginning balance as of December 31, 2024 |
|
|
40,289.1335 |
|
|
$ |
3,762,723 |
|
Purchases |
|
|
21,837.2036 |
|
|
|
2,290,437 |
|
In-Kind Creations |
|
|
124.9948 |
|
|
|
10,884 |
|
Sales for the redemption of Shares |
|
|
(23,701.7104 |
) |
|
|
(2,351,927 |
) |
Bitcoin transferred for Sponsor Fee |
|
|
(81.5747 |
) |
|
|
(8,220 |
) |
Net realized gain (loss) from investment in bitcoin transferred to pay Sponsor Fee |
|
|
— |
|
|
|
5,019 |
|
Net realized gain (loss) from investment in bitcoin sold for redemptions |
|
|
— |
|
|
|
(42,062 |
) |
Change in unrealized appreciation (depreciation) from investment in bitcoin |
|
|
— |
|
|
|
(299,207 |
) |
Ending balance as of December 31, 2025 |
|
|
38,468.0468 |
|
|
$ |
3,367,647 |
|
|