10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-24-126256 |
| Period End Date | 20240930 |
| Filing Date | 20241113 |
| Fiscal Year | 2024 |
| Fiscal Period | Q3 |
| XBRL Instance | ck0001852317-20240930_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment in bitcoin, at fair value |
InvestmentOwnedAtCost
|
- | USD | Point-in-time |
| Investment in bitcoin, at fair value |
InvestmentOwnedAtCost
|
- | USD | Point-in-time |
| Investment in bitcoin, at fair value |
InvestmentOwnedAtCost
|
$9.72B | USD | Point-in-time |
| Investment in bitcoin, at fair value |
InvestmentOwnedAtCost
|
$9.72B | USD | Point-in-time |
| Investment in bitcoin, at fair value (cost $9,716,506 and $0, respectively) |
InvestmentOwnedAtFairValue
|
$11.48B | USD | Point-in-time |
| Investment in bitcoin, at fair value (cost $9,716,506 and $0, respectively) |
InvestmentOwnedAtFairValue
|
$11.48B | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Investment in bitcoin, at fair value (cost $9,716,506 and $0, respectively) |
InvestmentOwnedAtFairValue
|
- | USD | Point-in-time |
| Investment in bitcoin, at fair value (cost $9,716,506 and $0, respectively) |
InvestmentOwnedAtFairValue
|
- | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
1.00 | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
1.00 | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
206.28M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
206.28M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
1.00 | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
1.00 | shares | Point-in-time |
| Cash |
Cash
|
- | USD | Point-in-time |
| Cash |
Cash
|
- | USD | Point-in-time |
| Cash |
Cash
|
- | USD | Point-in-time |
| Cash |
Cash
|
- | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
206.28M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
206.28M | shares | Point-in-time |
| Receivables from issuance of capital shares |
ReceivableInvestmentSale
|
$8.32M | USD | Point-in-time |
| Receivables from issuance of capital shares |
ReceivableInvestmentSale
|
$8.32M | USD | Point-in-time |
| Receivables from issuance of capital shares |
ReceivableInvestmentSale
|
- | USD | Point-in-time |
| Receivables from issuance of capital shares |
ReceivableInvestmentSale
|
- | USD | Point-in-time |
| Total assets |
Assets
|
- | USD | Point-in-time |
| Total assets |
Assets
|
- | USD | Point-in-time |
| Total assets |
Assets
|
$11.49B | USD | Point-in-time |
| Total assets |
Assets
|
$11.49B | USD | Point-in-time |
| Payable for purchases of bitcoin |
PayableForPurchasesOfBitcoin
|
- | USD | Point-in-time |
| Payable for purchases of bitcoin |
PayableForPurchasesOfBitcoin
|
- | USD | Point-in-time |
| Payable for purchases of bitcoin |
PayableForPurchasesOfBitcoin
|
$8.32M | USD | Point-in-time |
| Payable for purchases of bitcoin |
PayableForPurchasesOfBitcoin
|
$8.32M | USD | Point-in-time |
| Sponsor fee payable |
AccountsPayableCurrentAndNoncurrent
|
$2.32M | USD | Point-in-time |
| Sponsor fee payable |
AccountsPayableCurrentAndNoncurrent
|
$2.32M | USD | Point-in-time |
| Sponsor fee payable |
AccountsPayableCurrentAndNoncurrent
|
- | USD | Point-in-time |
| Sponsor fee payable |
AccountsPayableCurrentAndNoncurrent
|
- | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
- | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
- | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$10.63M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$10.63M | USD | Point-in-time |
| Commitments and Contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Shares, no par value (unlimited shares authorized) 206,275,000 and 1 share(s) issued and outstanding at September 30, 2024 and December 31, 2023, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Shares, no par value (unlimited shares authorized) 206,275,000 and 1 share(s) issued and outstanding at September 30, 2024 and December 31, 2023, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Shares, no par value (unlimited shares authorized) 206,275,000 and 1 share(s) issued and outstanding at September 30, 2024 and December 31, 2023, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Shares, no par value (unlimited shares authorized) 206,275,000 and 1 share(s) issued and outstanding at September 30, 2024 and December 31, 2023, respectively |
CommonStockValue
|
- | USD | Point-in-time |
| Paid-in-capital |
AdditionalPaidInCapital
|
$10.01B | USD | Point-in-time |
| Paid-in-capital |
AdditionalPaidInCapital
|
$10.01B | USD | Point-in-time |
| Paid-in-capital |
AdditionalPaidInCapital
|
- | USD | Point-in-time |
| Paid-in-capital |
AdditionalPaidInCapital
|
- | USD | Point-in-time |
| Total distributable earnings (loss) |
RetainedEarningsAccumulatedDeficit
|
$1.47B | USD | Point-in-time |
| Total distributable earnings (loss) |
RetainedEarningsAccumulatedDeficit
|
$1.47B | USD | Point-in-time |
| Total distributable earnings (loss) |
RetainedEarningsAccumulatedDeficit
|
- | USD | Point-in-time |
| Total distributable earnings (loss) |
RetainedEarningsAccumulatedDeficit
|
- | USD | Point-in-time |
| Total Net Assets |
StockholdersEquity
|
$11.48B | USD | Point-in-time |
| Total Net Assets |
StockholdersEquity
|
$11.48B | USD | Point-in-time |
| Total Net Assets |
StockholdersEquity
|
- | USD | Point-in-time |
| Total Net Assets |
StockholdersEquity
|
- | USD | Point-in-time |
| Net Asset Value per share (206,275,000 and 1 share(s) issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) |
NetAssetValuePerShare
|
$40.00 | USD | Point-in-time |
| Net Asset Value per share (206,275,000 and 1 share(s) issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) |
NetAssetValuePerShare
|
$40.00 | USD | Point-in-time |
| Net Asset Value per share (206,275,000 and 1 share(s) issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) |
NetAssetValuePerShare
|
$55.66 | USD | Point-in-time |
| Net Asset Value per share (206,275,000 and 1 share(s) issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) |
NetAssetValuePerShare
|
$55.66 | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Investment income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Investment income |
InvestmentIncomeInterest
|
- | USD | 3 Qtrs |
| Investment income |
InvestmentIncomeInterest
|
- | USD | 3 Qtrs |
| Sponsor fee |
SponsorFees
|
$16.11M | USD | 3 Qtrs |
| Sponsor fee |
SponsorFees
|
$16.11M | USD | 3 Qtrs |
| Sponsor fee |
SponsorFees
|
$6.81M | USD | 1 Quarter |
| Sponsor fee |
SponsorFees
|
$6.81M | USD | 1 Quarter |
| Total Expenses Before Waiver |
OperatingCostsAndExpenses
|
$16.11M | USD | 3 Qtrs |
| Total Expenses Before Waiver |
OperatingCostsAndExpenses
|
$16.11M | USD | 3 Qtrs |
| Total Expenses Before Waiver |
OperatingCostsAndExpenses
|
$6.81M | USD | 1 Quarter |
| Total Expenses Before Waiver |
OperatingCostsAndExpenses
|
$6.81M | USD | 1 Quarter |
| Sponsor fee waived |
InvestmentCompanyContractualFeeWaived
|
$11.60M | USD | 3 Qtrs |
| Sponsor fee waived |
InvestmentCompanyContractualFeeWaived
|
$11.60M | USD | 3 Qtrs |
| Sponsor fee waived |
InvestmentCompanyContractualFeeWaived
|
$2.30M | USD | 1 Quarter |
| Sponsor fee waived |
InvestmentCompanyContractualFeeWaived
|
$2.30M | USD | 1 Quarter |
| Net Expenses |
InvestmentIncomeInvestmentExpense
|
$4.50M | USD | 3 Qtrs |
| Net Expenses |
InvestmentIncomeInvestmentExpense
|
$4.50M | USD | 3 Qtrs |
| Net Expenses |
InvestmentIncomeInvestmentExpense
|
$4.50M | USD | 1 Quarter |
| Net Expenses |
InvestmentIncomeInvestmentExpense
|
$4.50M | USD | 1 Quarter |
| Net Investment Income (Loss) |
InvestmentIncomeNet
|
$-4.50M | USD | 1 Quarter |
| Net Investment Income (Loss) |
InvestmentIncomeNet
|
$-4.50M | USD | 1 Quarter |
| Net Investment Income (Loss) |
InvestmentIncomeNet
|
$-4.50M | USD | 3 Qtrs |
| Net Investment Income (Loss) |
InvestmentIncomeNet
|
$-4.50M | USD | 3 Qtrs |
| Net realized gain (loss) on investment in bitcoin sold for redemptions |
RealizedInvestmentGainsLosses
|
$-294.59M | USD | 3 Qtrs |
| Net realized gain (loss) on investment in bitcoin sold for redemptions |
RealizedInvestmentGainsLosses
|
$-294.59M | USD | 3 Qtrs |
| Net realized gain (loss) on investment in bitcoin sold for redemptions |
RealizedInvestmentGainsLosses
|
$-176.43M | USD | 1 Quarter |
| Net realized gain (loss) on investment in bitcoin sold for redemptions |
RealizedInvestmentGainsLosses
|
$-176.43M | USD | 1 Quarter |
| Net realized gain (loss) on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 3 Qtrs |
| Net realized gain (loss) on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 3 Qtrs |
| Net realized gain (loss) on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 1 Quarter |
| Net realized gain (loss) on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 1 Quarter |
| Net change in unrealized appreciation (depreciation) on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$1.77B | USD | 3 Qtrs |
| Net change in unrealized appreciation (depreciation) on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$1.77B | USD | 3 Qtrs |
| Net change in unrealized appreciation (depreciation) on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$222.34M | USD | 1 Quarter |
| Net change in unrealized appreciation (depreciation) on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$222.34M | USD | 1 Quarter |
| Net Realized and Change in Unrealized Gain (Loss) on Investment in Bitcoin |
GainLossOnInvestments
|
$1.47B | USD | 3 Qtrs |
| Net Realized and Change in Unrealized Gain (Loss) on Investment in Bitcoin |
GainLossOnInvestments
|
$1.47B | USD | 3 Qtrs |
| Net Realized and Change in Unrealized Gain (Loss) on Investment in Bitcoin |
GainLossOnInvestments
|
$45.52M | USD | 1 Quarter |
| Net Realized and Change in Unrealized Gain (Loss) on Investment in Bitcoin |
GainLossOnInvestments
|
$45.52M | USD | 1 Quarter |
| Net Increase (Decrease) in Net Assets Resulting from Operations |
ProfitLoss
|
$41.02M | USD | 1 Quarter |
| Net Increase (Decrease) in Net Assets Resulting from Operations |
ProfitLoss
|
$41.02M | USD | 1 Quarter |
| Net Increase (Decrease) in Net Assets Resulting from Operations |
ProfitLoss
|
$1.47B | USD | 3 Qtrs |
| Net Increase (Decrease) in Net Assets Resulting from Operations |
ProfitLoss
|
$1.47B | USD | 3 Qtrs |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$41.02M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$41.02M | USD | 1 Quarter |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$1.47B | USD | 3 Qtrs |
| Net increase (decrease) in net assets resulting from operations |
ProfitLoss
|
$1.47B | USD | 3 Qtrs |
| Payments for purchases of bitcoin |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$11.65B | USD | 3 Qtrs |
| Payments for purchases of bitcoin |
PaymentsForPurchaseOfInvestmentOperatingActivity
|
$11.65B | USD | 3 Qtrs |
| Proceeds from bitcoin sold |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$1.64B | USD | 3 Qtrs |
| Proceeds from bitcoin sold |
ProceedsFromDispositionOfInvestmentOperatingActivity
|
$1.64B | USD | 3 Qtrs |
| Net realized (gain) loss on investment in bitcoin |
RealizedInvestmentGainsLosses
|
$-294.59M | USD | 3 Qtrs |
| Net realized (gain) loss on investment in bitcoin |
RealizedInvestmentGainsLosses
|
$-294.59M | USD | 3 Qtrs |
| Net realized (gain) loss on investment in bitcoin |
RealizedInvestmentGainsLosses
|
$-176.43M | USD | 1 Quarter |
| Net realized (gain) loss on investment in bitcoin |
RealizedInvestmentGainsLosses
|
$-176.43M | USD | 1 Quarter |
| Net realized (gain) loss on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 3 Qtrs |
| Net realized (gain) loss on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 3 Qtrs |
| Net realized (gain) loss on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 1 Quarter |
| Net realized (gain) loss on investment in bitcoin transferred to pay the Sponsor fee |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-387.00K | USD | 1 Quarter |
| Net change in unrealized (appreciation) depreciation on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$1.77B | USD | 3 Qtrs |
| Net change in unrealized (appreciation) depreciation on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$1.77B | USD | 3 Qtrs |
| Net change in unrealized (appreciation) depreciation on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$222.34M | USD | 1 Quarter |
| Net change in unrealized (appreciation) depreciation on investment in bitcoin |
UnrealizedGainLossOnInvestments
|
$222.34M | USD | 1 Quarter |
| Transfer of bitcoin to pay the Sponsor fee |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$2.19M | USD | 3 Qtrs |
| Transfer of bitcoin to pay the Sponsor fee |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$2.19M | USD | 3 Qtrs |
| Increase (decrease) in Sponsor Fee Payable |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$2.32M | USD | 3 Qtrs |
| Increase (decrease) in Sponsor Fee Payable |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$2.32M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-10.01B | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-10.01B | USD | 3 Qtrs |
| Proceeds from issuance of capital shares |
ProceedsFromIssuanceOfCommonStock
|
$11.65B | USD | 3 Qtrs |
| Proceeds from issuance of capital shares |
ProceedsFromIssuanceOfCommonStock
|
$11.65B | USD | 3 Qtrs |
| Cash paid for redemption of capital shares |
PaymentsForRepurchaseOfCommonStock
|
$1.64B | USD | 3 Qtrs |
| Cash paid for redemption of capital shares |
PaymentsForRepurchaseOfCommonStock
|
$1.64B | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$10.01B | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$10.01B | USD | 3 Qtrs |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
- | USD | 3 Qtrs |
| Net increase (decrease) in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
- | USD | 3 Qtrs |
| Cash, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, End of the Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, End of the Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, End of the Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
| Cash, End of the Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.