| 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 June 30, 2026, and December 31, 2025:
Schedule of Fair Value, Assets Measured on Recurring Basis
| |
Number of
| | |
Per Bitcoin Fair
| | |
Amount at Fair
| | |
Fair Value Measurement Category | |
| June 30, 2026 | |
Bitcoin | | |
Value | | |
Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 945.07 | | |
$ | 58,605.41 | | |
$ | 55,386,136 | | |
$ | 55,386,136 | | |
$ | - | | |
$ | - | |
| | |
Number of | | |
Per Bitcoin Fair | | |
Amount at Fair | | |
Fair Value Measurement Category | |
| December 31, 2025 | |
Bitcoin | | |
Value | | |
Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Investment in Bitcoin | |
| 1,565.49 | | |
$ | 87,315.53 | | |
$ | 136,691,305 | | |
$ | 136,691,305 | | |
$ | - | | |
$ | - | |
|
| Schedule of Investment Holdings of Investments |
The
following represents the changes in quantity and the respective fair value of Bitcoin for the six months ended June 30, 2026, and year
ended December 31, 2025:
Schedule of Investment Holdings of Investments
| | |
Bitcoin | | |
Fair Value | |
| Balance at December 31, 2025 | |
| 1,565.49 | | |
$ | 136,691,305 | |
| Bitcoin sold for redemptions | |
| (618.17 | ) | |
| (50,774,907 | ) |
| Bitcoin sold for Management Fee, related party | |
| (2.25 | ) | |
| (166,971 | ) |
| Bitcoin distributed for other fees | |
| - | | |
| - | |
| Net realized gain on investment in Bitcoin | |
| | | |
| 30,997,591 | |
| Net change in unrealized depreciation on investment in Bitcoin | |
| | | |
| (61,360,882 | ) |
| Balance at June 30, 2026 | |
| 945.07 | | |
$ | 55,386,136 | |
| | |
Bitcoin | | |
Fair Value | |
| Balance at December 31, 2024 | |
| 1,937.86 | | |
$ | 180,982,533 | |
| Bitcoin distributed for redemptions | |
| (348.69 | ) | |
| (30,635,576 | ) |
| Bitcoin distributed for Management Fee, related party | |
| (9.44 | ) | |
| (1,026,669 | ) |
| Bitcoin distributed for other fees | |
| (14.24 | ) | |
| (1,307,602 | ) |
| Net realized gain on investment in Bitcoin | |
| | | |
| 31,696,806 | |
| Net change in unrealized depreciation on investment in Bitcoin | |
| | | |
| (43,018,187 | ) |
| Balance at December 31, 2025 | |
| 1,565.49 | | |
$ | 136,691,305 | |
|