| INVESTMENT IN BITCOIN |
3. INVESTMENT IN BITCOIN
The
following represents the changes in quantity of bitcoin held and the respective
fair value during the quarter April 1, 2026 to June 30, 2026:
| | | | | | | | | |
| |
| |
Amount in bitcoin
| |
| |
Amount in US$
| |
|
Balance at April 1, 2026
|
| | 6,302.8336 | |
| $ | 429,409,784 | |
|
Bitcoin purchased for the creation of Shares
|
| | 86.6972 | |
| | 5,799,402 | |
|
Bitcoin sold for the redemption of Shares
|
| | (722.4968 | ) |
| | (53,852,604 | ) |
|
Principal on bitcoin sales to pay expenses
|
| | (3.0177 | ) |
| | (218,027 | ) |
|
Net realized gain (loss) from bitcoin sold for the redemption of Shares and sold to pay expenses
|
| |
-
| |
| | (396,857 | ) |
|
Net change in unrealized appreciation (depreciation) on investment in bitcoin
|
| |
-
| |
| | (45,989,896 | ) |
|
Balance at June 30, 2026
|
| | 5,664.0163 | |
| $ | 334,751,802 | |
The following represents the changes in quantity of bitcoin held and
the respective fair value during the quarter April 1, 2025 to June 30, 2025:
| | | | | | | | | |
| |
| |
Amount in bitcoin
| |
| |
Amount in US$
| |
|
Balance at April 1, 2025
|
| | 4,956.3464 | |
| $ | 411,158,674 | |
|
Bitcoin purchased for the creation of Shares
|
| | 608.1510 | |
| | 55,501,643 | |
|
Bitcoin sold for the redemption of Shares
|
| | (405.4311 | ) |
| | (35,230,580 | ) |
|
Principal on bitcoin sales to pay expenses
|
| | (3.7004 | ) |
| | (301,334 | ) |
|
Net realized gain (loss) from bitcoin sold for the redemption of Shares and sold to pay expenses
|
| |
-
| |
| | 9,019,211 | |
|
Net change in unrealized appreciation (depreciation) on investment in bitcoin
|
| |
-
| |
| | 119,518,907 | |
|
Balance at June 30, 2025
|
| | 5,155.3659 | |
| $ | 559,666,521 | |
|
| INVESTMENT IN BITCOIN |
3. INVESTMENT IN BITCOIN
The following represents the changes in quantity of bitcoin held and the respective fair value during the quarter April 1, 2026 to June 30, 2026:
| | | | | | | | | |
| |
| |
Amount in bitcoin
| |
| |
Amount in US$
| |
|
Balance at April 1, 2026
|
| | 6,302.8336 | |
| $ | 429,409,784 | |
|
Bitcoin purchased for the
creation of Shares
|
| | 86.6972 | |
| | 5,799,402 | |
|
Bitcoin sold for the
redemption of Shares
|
| | (722.4968 | ) |
| | (53,852,604 | ) |
|
Principal on bitcoin sales
to pay expenses
|
| | (3.0177 | ) |
| | (218,027 | ) |
|
Net realized gain (loss)
from bitcoin sold for the redemption of Shares and sold to pay expenses
|
| |
-
| |
| | (396,857 | ) |
|
Net change in unrealized
appreciation (depreciation) on investment in bitcoin
|
| |
-
| |
| | (45,989,896 | ) |
|
Balance at June 30, 2026
|
| | 5,664.0163 | |
| $ | 334,751,802 | |
The following represents the changes in quantity of bitcoin held and
the respective fair value during the quarter April 1, 2025 to June 30, 2025:
| | | | | | | | | |
| |
| |
Amount in bitcoin
| |
| |
Amount in US$
| |
|
Balance at April 1, 2025
|
| | 4,956.3464 | |
| $ | 411,158,674 | |
|
Bitcoin purchased for the
creation of Shares
|
| | 608.1510 | |
| | 55,501,643 | |
|
Bitcoin sold for the
redemption of Shares
|
| | (405.4311 | ) |
| | (35,230,580 | ) |
|
Principal on bitcoin sales
to pay expenses
|
| | (3.7004 | ) |
| | (301,334 | ) |
|
Net realized gain (loss)
from bitcoin sold for the redemption of Shares and sold to pay expenses
|
| |
-
| |
| | 9,019,211 | |
|
Net change in unrealized
appreciation (depreciation) on investment in bitcoin
|
| |
-
| |
| | 119,518,907 | |
|
Balance at June 30, 2025
|
| | 5,155.3659 | |
| $ | 559,666,521 | |
|