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Fair Value of Bitcoin (Tables) | 2 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Summary of Changes in Quantity of Bitcoin and the Respective Fair Value | The following represents the changes in quantity of Bitcoin and the respective fair value:
(Amounts in thousands, except Bitcoin amounts) |  | Quantity |  |  | Fair Value |
Balance at July 31, 2024 (the commencement of the Trust’s operations) |  |  | - |  |  | $ | - |
Bitcoin contributed |  |  | 7,236.17059767 |  |  |  | 443,672 |
Bitcoin contributed from Initial Distribution(1) |  |  | 26,935.83753443 |  |  |  | 1,756,821 |
Bitcoin redeemed |  |  | (411.48744542 | ) |  |  | (23,283 | )
Bitcoin distributed for Sponsor’s Fee, related party |  |  | (8.15791197 | ) |  |  | (491 | )
Net change in unrealized depreciation on investment in Bitcoin |  |  | - |  |  |  | (31,309 | )
Net realized loss on investment in Bitcoin sold to pay expenses |  |  | - |  |  |  | (35 | )
Net realized loss on investment in Bitcoin sold for redemption of Shares |  |  | - |  |  |  | (3,289 | )
Balance at September 30, 2024 |  |  | 33,752.36277471 |  |  | $ | 2,142,086 |
(1) Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust (BTC), completed on July 31, 2024, as discussed in Note 4.

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