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Investments in Bitcoin | 3 Months Ended
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Mar. 31, 2025
Schedule of Investments [Abstract] |
Investments in Bitcoin | Note 7 – Investments in Bitcoin The Trust expects to purchase or sell bitcoin in connection with cash creation or redemption transactions, and may sell bitcoin to pay certain expenses, including the Sponsor Fee. The following is a summary of the transactions in, and earnings from, investments in bitcoin for the three months ended March 31, 2025 and 2024.
| Fair Value |
Opening Balance as of 12/31/2024 | $ | 727,789,330 |
Purchases at Cost |  | 28,373,793 |
Proceeds from Sales to Pay Sponsor Fee |  | (481,815 | )
Proceeds from bitcoin sold for Redemptions |  | (246,403,149 | )
Change in Unrealized Appreciation (Depreciation) |  | (133,944,630 | )
Net Realized (Gain) Loss from Investments in Bitcoin Sold to pay Sponsor Fee |  | 88,948 |
Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions |  | 60,847,702 |
Ending Balance as of 03/31/2025 | $ | 436,270,179 |
| Fair Value |
Opening Balance as of 12/31/2023 | $ | — |
Purchases at Cost |  | 405,177,933 |
Proceeds from bitcoin sold for Redemptions |  | (172,678,972 | )
Change in Unrealized Appreciation (Depreciation) |  | 148,790,853 |
Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions |  | 37,026,114 |
Ending Balance as of 03/31/2024 | $ | 418,315,928 |

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- Definition The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-12 + Details
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