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Fair Value of Bitcoin (Tables) | 12 Months Ended
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Dec. 31, 2023
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) |  | Bitcoin |  |  | Fair Value |
Beginning balance as of January 1, 2021 |  |  | 607,039.48515191 |  |  | $ | 17,716,478 |
Bitcoin contributed |  |  | 50,738.88950472 |  |  |  | 1,905,227 |
Bitcoin distributed for Sponsor’s Fee, related party |  |  | (12,968.40601828) |  |  |  | (615,420) |
Net change in unrealized appreciation on investment in Bitcoin |  |  | — |  |  |  | 10,099,600 |
Net realized gain on investment in Bitcoin |  |  | — |  |  |  | 470,168 |
Ending balance as of December 31, 2021 |  |  | 644,809.96863835 |  |  | $ | 29,576,053 |
(Amounts in thousands, except Bitcoin amounts) |  | Bitcoin |  |  | Fair Value |
Beginning balance as of January 1, 2022 |  |  | 644,809.96863835 |  |  | $ | 29,576,053 |
Bitcoin contributed |  |  | — |  |  |  | — |
Bitcoin distributed for Sponsor’s Fee, related party |  |  | (12,768.43918093) |  |  |  | (360,683) |
Net change in unrealized depreciation on investment in Bitcoin |  |  | — |  |  |  | (18,967,171) |
Net realized gain on investment in Bitcoin |  |  | — |  |  |  | 216,064 |
Ending balance as of December 31, 2022 |  |  | 632,041.52945742 |  |  | $ | 10,464,263 |
(Amounts in thousands, except Bitcoin amounts) |  | Bitcoin |  |  | Fair Value |
Beginning balance as of January 1, 2023 |  |  | 632,041.52945742 |  |  | $ | 10,464,263 |
Bitcoin contributed |  |  | — |  |  |  | — |
Bitcoin distributed for Sponsor’s Fee, related party |  |  | (12,515.60028722) |  |  |  | (360,561) |
Net change in unrealized appreciation on investment in Bitcoin |  |  | — |  |  |  | 16,027,962 |
Net realized gain on investment in Bitcoin |  |  | — |  |  |  | 218,806 |
Ending balance as of December 31, 2023 |  |  | 619,525.9291702 |  |  | $ | 26,350,470 |

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