Latest Quarterly Report
Filed: 2026-05-05
Key Insights
- Bitcoin holdings declined significantly from $4.24 billion (Dec 31, 2025) to $3.50 billion (Mar 31, 2026), representing an 17.4% decrease in asset value during Q1 2026, indicating substantial negative price movement in Bitcoin.
- The Trust is classified as a large accelerated filer with 119.8 million shares outstanding as of April 30, 2026, demonstrating significant scale and market presence in the Bitcoin ETF space.
- Cost basis of Bitcoin holdings increased from $3.92 billion to $4.13 billion while fair value decreased, suggesting the Trust accumulated additional Bitcoin positions at higher prices during the quarter despite market decline.
- The filing shows all required SEC reports were timely filed and interactive data submissions were completed, indicating strong regulatory compliance and operational discipline.