Quarterly ResultMay 5, 2026, 04:09 PM
Grayscale Bitcoin Trust Q1 NAV $52.79; Total Return -22.83%
AI Summary
The Grayscale Bitcoin Trust ETF reported a significant decrease in its net assets and NAV per share for the first quarter ended March 31, 2026. Net assets fell to $10.49 billion from $14.50 billion at the end of 2025, with the NAV per share dropping to $52.79 from $68.41. The Trust experienced a total return of -22.83% for the quarter, primarily due to a substantial net change in unrealized depreciation on its Bitcoin investment.
Key Highlights
- Net assets decreased to $10.49 billion as of March 31, 2026, from $14.50 billion on December 31, 2025.
- Principal Market NAV per Share fell to $52.79 on March 31, 2026, from $68.41 on December 31, 2025.
- Total return for Q1 2026 was -22.83%, compared to -12.05% for Q1 2025.
- Net decrease in net assets from operations was $(3.18) billion for the three months ended March 31, 2026.
- Bitcoin holdings decreased to 154,703.85 BTC from 165,591.50 BTC at year-end 2025.
- Fair value per Bitcoin was $67,805.29 on March 31, 2026, down from $87,549.41 on December 31, 2025.
- Net change in unrealized depreciation on investment in Bitcoin was $(3.99) billion for Q1 2026.
- Shares outstanding decreased by 13.2 million to 198.72 million in Q1 2026.