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Fair Value of Bitcoin (Tables)

12 Months Ended

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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- References

No definition available.

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- Definition

Tabular disclosure of data and information required in the supplementary schedule applicable to management investment companies listing holdings of unaffiliated investments.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

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