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Fair Value of Bitcoin (Tables) | 3 Months Ended
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Mar. 31, 2025
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 |
Bitcoin contributed |  |  | 5,034.11266276 |  |  |  | 500,979 |
Bitcoin redeemed |  |  | (2,437.02849985 | ) |  |  | (212,091 | )
Bitcoin distributed for Sponsor’s Fee, related party |  |  | (14.96656384 | ) |  |  | (1,398 | )
Net change in unrealized appreciation on investment in Bitcoin |  |  | - |  |  |  | (524,750 | )
Net realized gain on investment in Bitcoin sold to pay expenses |  |  | - |  |  |  | 302 |
Net realized gain on investment in Bitcoin sold for redemption of Shares |  |  | - |  |  |  | 33,734 |
Balance at March 31, 2025 |  |  | 40,595.02889855 |  |  | $ | 3,346,810 |
(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.

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