XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.25.0.1

The Initial Distribution from the Grayscale Bitcoin Trust ETF - Additional Information (Details) |  |  |  |  | 5 Months Ended
--- | --- | --- | --- | --- | ---
Nov. 19, 2024 | Jul. 31, 2024 USD ($) Bitcoin $ / shares shares | Jul. 30, 2024 $ / shares | Jul. 19, 2024 | Dec. 31, 2024 $ / shares shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items] |  |  |  |  |  |  |
Reverse share split |  | On November 19, 2024, the Trust completed a 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares. In connection with the Reverse Share Split, shareholders of record on November 19, 2024 received one Share of the Trust for every five Shares held. |  |  |  |  |
Reverse stock split, conversion ratio |  | 0.2 |  |  |  |  |
Amount of bitcoin distributed by the trust | Bitcoin |  |  | 26,935.83753443 |  |  |  |
Exchange for stock issuance | [1],[2],[3],[4],[5] |  |  |  |  | 60,738,020 |
Exchange price per share | $ / shares | [6] |  |  | $ 28.92 |  | $ 41.39 | [7]
BTC Trust [Member] |  |  |  |  |  |  |
Distribution Made to Limited Liability Company (LLC) Member [Line Items] |  |  |  |  |  |  |
Initial distrubition, description |  |  |  |  |  | On July 19, 2024, the Sponsor of the Trust issued a press release announcing that the Sponsor, at the direction of its board of directors declared a pro rata distribution on the Shares of the Trust, pursuant to which each holder of Grayscale Bitcoin Trust ETF (“GBTC”) shares as of 4:00 PM ET on July 30, 2024 (the “Record Date,” and such holders, the “GBTC Record Holders”) was entitled to receive Shares of the Trust, in connection with its previously announced initial creation and distribution of Shares of the Trust (such transactions collectively, the “Initial Distribution”), as described in a definitive information statement on Schedule 14C filed with the Securities and Exchange Commission on July 30, 2024 by GBTC. |
Reverse share split |  | 1-for-5 |  |  |  |  |
Reverse stock split, conversion ratio |  | 0.2 |  |  |  |  |
Percentage of bitcoin distributed by the trust |  |  | 10.00% | 10.00% |  |  |
Previously announced shares distributed |  |  | 60,738,020 |  |  |  |
Amount of bitcoin distributed by the trust | Bitcoin |  |  | 26,935.83753443 |  |  |  |
Value of bitcoin distributed by the trust | $ |  |  | $ 1,756,821,047 |  |  |  |
Initial distribution ratio |  |  |  | 1 |  |  |
Exchange for stock issuance |  |  | 60,738,020 |  |  |  |
Exchange price per share | $ / shares |  |  | $ 28.92 |  |  |  |
BTC Trust [Member] | Dividend Distribution [Member] |  |  |  |  |  |  |
Distribution Made to Limited Liability Company (LLC) Member [Line Items] |  |  |  |  |  |  |
Declared date |  |  |  |  | Jul. 19, 2024 |  |
Record date |  |  |  | Jul. 30, 2024 |  |  |
[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 ETF, completed on July 31, 2024, as discussed in Note 4.
[2] | Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.
[3] | No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.
[4] | 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 ETF, completed on July 31, 2024, as discussed in Note 4.
[5] | Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.
[6] | Per Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.
[7] | No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.

X
- Definition Amount of bitcoin distributed by the trust. + References No definition available. + Details
Name: | btc_AmountOfBitcoinDistributedByTheTrust
Namespace Prefix: | btc_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- Definition Initial distribution ratio. + References No definition available. + Details
Name: | btc_InitialDistributionRatio
Namespace Prefix: | btc_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Initial distrubition, description. + References No definition available. + Details
Name: | btc_InitialDistrubitionDescription
Namespace Prefix: | btc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of bitcoin distributed by the trust. + References No definition available. + Details
Name: | btc_PercentageOfBitcoinDistributedByTheTrust
Namespace Prefix: | btc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Previously announced shares distributed + References No definition available. + Details
Name: | btc_PreviouslyAnnouncedSharesDistributed
Namespace Prefix: | btc_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stock Issued During Period, Shares, Initial Distribution + References No definition available. + Details
Name: | btc_StockIssuedDuringPeriodSharesInitialDistribution
Namespace Prefix: | btc_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Value of bitcoin distributed by trust. + References No definition available. + Details
Name: | btc_ValueOfBitcoinDistributedByTrust
Namespace Prefix: | btc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date the dividend to be paid was declared, in YYYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 + Details
Name: | us-gaap_DividendsPayableDateDeclaredDayMonthAndYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date the holder must own the stock to be entitled to the dividend, in YYYY-MM-DD format. + References No definition available. + Details
Name: | us-gaap_DividendsPayableDateOfRecordDayMonthAndYear
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479168/946-830-55-12 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477796/946-210-45-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478494/946-205-50-7 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478494/946-205-50-7 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2 + Details
Name: | us-gaap_NetAssetValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-4 + Details
Name: | us-gaap_StockholdersEquityNoteStockSplitConversionRatio1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of the reverse stock split arrangement. Also provide the retroactive effect given by the reverse split that occurs after the balance sheet date but before the release of financial statements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-4 + Details
Name: | us-gaap_StockholdersEquityReverseStockSplit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=btc_BTCTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DividendsAxis=btc_O2024M2DividendsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |