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STATEMENT OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 2 Months Ended 3 Months Ended 5 Months Ended
Jul. 31, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2024
Increase in net assets from operations:        
Net investment loss   $ (491) $ (1,146) $ (1,637) [1],[2]
Net realized gain on investment in Bitcoin sold to pay expenses   (35) 239 204 [1],[2]
Net realized gain on investment in Bitcoin sold for redemption of Shares   (3,289) 94,012 90,723 [1],[2]
Net change in unrealized appreciation on investment in Bitcoin   (31,309) 920,386 889,077 [1],[2]
Net increase in net assets resulting from operations [2]       978,367
Increase in net assets from capital share transactions:        
Shares issued [2]       1,275,420
Shares issued from Initial Distribution [2],[3],[4]       1,756,821
Shares redeemed [2]       (460,574)
Net increase in net assets resulting from capital share transactions [2]       2,571,667
Total increase in net assets from operations and capital share transactions [2]       3,550,034
Net assets:        
Beginning of period [2] $ 0 $ 0   0
End of period [2],[5]     $ 3,550,034 $ 3,550,034
Change in Shares outstanding:        
Shares outstanding at beginning of period [2],[6] 0 0   0
Shares issued 10,000     37,456,000 [2],[6],[7]
Shares issued from Initial Distribution [2],[3],[4],[6],[7]       60,738,020
Shares redeemed [2],[6],[7]       (12,424,057)
Net increase in Shares [2],[6],[7]       85,769,963
Shares outstanding at end of period [2],[6]     85,769,963 85,769,963
[1] 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.
[2] 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.
[3] 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.
[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] 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.
[6] 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] 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.