XML 44 R32.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value of Bitcoin - Schedule of Changes in Quantity of Bitcoin (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value of Bitcoin [Abstract]                      
Quantity of bitcoin, Beginning balance         46,607.1028       46,607.1028
Fair Value, Beginning balance         $ 4,352,648       $ 4,352,648
Quantity of bitcoin, Bitcoin purchased                   57,400.567 95,498.6291
Fair Value, Bitcoin purchased                   $ 5,811,330 $ 5,903,861
Quantity of bitcoin, Bitcoin sold                   (66,238.324) (48,891.5263)
Fair Value, Bitcoin sold                   $ (6,646,047) $ (3,448,694)
Quantity of bitcoin, Net realized gain on investment in bitcoin sold to pay Sponsor fee                  
Fair Value, Net realized gain on investment in bitcoin sold to pay Sponsor fee                 $ 1,924 $ 825
Quantity of bitcoin, Net realized gain on investment in bitcoin sold for redemptions                  
Fair Value, Net realized gain on investment in bitcoin sold for redemptions                   $ 1,234,569 $ 621,878
Quantity of bitcoin, Change in unrealized appreciation on investment in bitcoin                  
Fair Value, Change in unrealized appreciation on investment in bitcoin $ (1,264,945) $ (136,721) $ 859,932 $ (907,296) $ 978,375 $ (5,609) $ (543,311) $ 845,323 $ (1,449,030) $ 1,274,778 [1]
Quantity of bitcoin, Ending balance 37,769.3458       46,607.1028       37,769.3458 46,607.1028
Fair Value, Ending balance $ 3,305,394       $ 4,352,648       $ 3,305,394 $ 4,352,648
[1] No comparative statement for 2023 has been provided as 2024 is the first fiscal year of the Trust’s operations