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Fair Value of Bitcoin (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value of Bitcoin [Abstract] |
Schedule of Changes in Quantity of Bitcoin | The following represents the changes in quantity of bitcoin and the respective fair value on December 31, 2025:
(Amounts in thousands, except quantity of bitcoin) |  | Quantity of bitcoin |  |  | Fair Value |
Beginning balance as of January 1, 2025 |  |  | 46,607.1028 |  |  | $ | 4,352,648 |
Bitcoin purchased |  |  | 57,400.5670 |  |  |  | 5,811,330 |
Bitcoin sold |  |  | (66,238.3240 | ) |  |  | (6,646,047 | )
Net realized gain on investment in bitcoin sold to pay Sponsor Fee |  |  | – |  |  |  | 1,924 |
Net realized gain on investment in bitcoin sold for redemptions |  |  | – |  |  |  | 1,234,569 |
Change in unrealized appreciation on investment in bitcoin |  |  | – |  |  |  | (1,449,030 | )
Ending balance as of December 31, 2025 |  |  | 37,769.3458 |  |  | $ | 3,305,394 |
The following represents the changes in quantity of bitcoin and the respective fair value on December 31, 2024:
(Amounts in thousands, except quantity of bitcoin) |  | Quantity of bitcoin |  |  | Fair Value |
Beginning balance as of January 1, 2024 |  |  | – |  |  | $ | – |
Bitcoin purchased |  |  | 95,498.6291 |  |  |  | 5,903,861 |
Bitcoin sold |  |  | (48,891.5263 | ) |  |  | (3,448,694 | )
Net realized gain on investment in bitcoin sold to pay Sponsor Fee |  |  | – |  |  |  | 825 |
Net realized gain on investment in bitcoin sold for redemptions |  |  | – |  |  |  | 621,878 |
Change in unrealized appreciation on investment in bitcoin |  |  | – |  |  |  | 1,274,778 |
Ending balance as of December 31, 2024 |  |  | 46,607.1028 |  |  | $ | 4,352,648 |

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- Definition Tabular disclosure of information about crypto asset. Includes, but is not limited to, name, cost basis, fair value, and number of units held. Excludes information about crypto asset held for platform user. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147476162/350-60-50-1 + Details
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- References No definition available. + Details
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