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v3.25.1

Fair Value of Bitcoin - Summary of Changes in Quantity of Bitcoin and the Respective Fair Value (Detail) $ in Thousands | 3 Months Ended | 5 Months Ended
--- | --- | ---
Mar. 31, 2025 USD ($) Bitcoin | Dec. 31, 2024 USD ($) Bitcoin
Fair Value Disclosures [Abstract] |  |  |  |
Investment Owned, Beginning balance | Bitcoin |  | 38,012.91129948 |  | 0
Bitcoin contributed | Bitcoin |  | 5,034.11266276 |  | 16,606.04896843
Bitcoin contributed from Initial Distribution | Bitcoin | [1] |  |  | 26,935.83753443
Bitcoin redeemed | Bitcoin |  | (2,437.02849985) |  | (5,507.21831323)
Bitcoin distributed for Sponsor's Fee, related party | Bitcoin |  | (14.96656384) |  | (21.75689015)
Net change in unrealized appreciation on investment in Bitcoin | Bitcoin |  | 0 |  | 0
Net realized gain on investment in Bitcoin sold to pay expenses | Bitcoin |  | 0 |  | 0
Net realized gain on investment in Bitcoin sold for redemption of Shares | Bitcoin |  | 0 |  | 0
Investment Owned, Ending balance | Bitcoin |  | 40,595.02889855 |  | 38,012.91129948
Investment Owned, Beginning balance | $ |  | $ 3,550,034 |  | $ 0
Bitcoin contributed | $ |  | 500,979 |  | 1,275,420
Bitcoin contributed from Initial Distribution | $ | [1] |  |  | 1,756,821
Bitcoin redeemed | $ |  | (212,091) |  | (460,574)
Bitcoin distributed for Sponsor's Fee, related party | $ |  | (1,398) |  | (1,637)
Net change in unrealized appreciation on investment in Bitcoin | $ |  | (524,750) | [2] | 889,077
Net realized gain on investment in Bitcoin sold to pay expenses | $ |  | 302 | [2] | 204
Net realized gain on investment in Bitcoin sold for redemption of Shares | $ |  | 33,734 | [2] | 90,723
Investment Owned, Ending Balance | $ |  | $ 3,346,810 |  | $ 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.
[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.

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