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Quarterly Statements of Operations (Tables)
 12 Months Ended
Dec. 31, 2023
Quarterly Financial Data [Abstract]  
Summary of Quarterly Statements of Operations
Fiscal Year Ended December 31, 2023
(Amounts in thousands)
 
 
  
Three Months Ended
(unaudited)
 
 
Year Ended
December 31, 2023
 
  
Mar-31, 2023
 
 
Jun-30,
2023
 
 
Sept-30,
2023
 
 
Dec-31,
2023
 
Expenses
  
 
 
 
 
Sponsor Fee, related party
    $ 71,085     $ 87,601     $ 88,407     $ 113,468     $ 360,561  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net investment (loss)
      (71,085 )      (87,601 )      (88,407 )      (113,468 )      (360,561 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net realized and unrealized gain (loss) from:
                                         
Net realized gain (loss) in Bitcoin
      35,868       52,169       52,764       78,005       218,806  
Net change in unrealized appreciation (depreciation) on investment in Bitcoin
      7,475,264       1,131,742       (2,134,266 )      9,555,222       16,027,962  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net realized and unrealized gain (loss) on investment
      7,511,132       1,183,911       (2,081,502 )      9,633,227       16,246,768  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net increase (decrease) in net assets resulting from operations
    $ 7,440,047     $ 1,096,310     $ (2,169,909 )    $ 9,519,759     $ 15,886,207  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Fiscal Year Ended December 31, 2022
(Amounts in thousands)
 
 
  
Three Months Ended
(unaudited)
 
 
Year Ended
December 31, 2022
 
  
Mar-31, 2022
 
 
Jun-30,
2022
 
 
Sept-30, 2022
 
 
Dec-31,
2022
 
Expenses
  
 
 
 
 
Sponsor Fee, related party
    $ 131,025     $ 103,668     $ 68,252     $ 57,738     $ 360,683  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net investment (loss)
      (131,025 )      (103,668 )      (68,252 )      (57,738 )      (360,683 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net realized and unrealized gain (loss) from:
                                         
Net realized gain in Bitcoin
      95,096       67,520       31,890       21,558       216,064  
Net change in unrealized appreciation (depreciation) on investment in Bitcoin
      (284,294 )      (17,156,233 )      347,631       (1,874,275 )      (18,967,171 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net realized and unrealized gain (loss) on investment
      (189,198 )      (17,088,713 )      379,521       (1,852,717 )      (18,751,107 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net increase (decrease) in net assets resulting from operations
    $ (320,223 )    $ (17,192,381 )    $ 311,269     $ (1,910,455 )    $ (19,111,790 )