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Fair Value of Bitcoin (Tables)
 5 Months Ended
Dec. 31, 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

 

 

16,606.04896843

 

 

 

1,275,420

 

Bitcoin contributed from Initial Distribution(1)

 

 

26,935.83753443

 

 

 

1,756,821

 

Bitcoin redeemed

 

 

(5,507.21831323

)

 

 

(460,574

)

Bitcoin distributed for Sponsor’s Fee, related party

 

 

(21.75689015

)

 

 

(1,637

)

Net change in unrealized appreciation on investment in Bitcoin

 

 

-

 

 

 

889,077

 

Net realized gain on investment in Bitcoin sold to pay expenses

 

 

-

 

 

 

204

 

Net realized gain on investment in Bitcoin sold for redemption of Shares

 

 

-

 

 

 

90,723

 

Balance at December 31, 2024

 

 

38,012.91129948

 

 

$

3,550,034

 
(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.