Quarterly ResultMay 8, 2026, 04:14 PM
Grayscale Stellar Lumens Trust Q1 Net Assets Fall to $19.6M; NAV $14.01
AI Summary
Grayscale Stellar Lumens Trust reported a net decrease in net assets from operations of $3.72 million for the three months ended March 31, 2026, a smaller decrease compared to $8.07 million in the prior year. The Trust's net assets decreased to $19.60 million from $23.19 million at December 31, 2025, with the Principal Market NAV per Share declining to $14.01 from $16.69. This was primarily driven by a decrease in the fair value of XLM from $0.20 to $0.17 during the quarter.
Key Highlights
- Net assets decreased to $19.596 million at March 31, 2026, from $23.191 million at December 31, 2025.
- Principal Market NAV per Share declined to $14.01 at March 31, 2026, from $16.69 at December 31, 2025.
- Net decrease in net assets from operations was $3.721 million for Q1 2026, compared to $8.070 million for Q1 2025.
- Net change in unrealized depreciation on investment in XLM was $3.579 million for Q1 2026.
- Fair value per XLM decreased to $0.17 at March 31, 2026, from $0.20 at December 31, 2025.
- Sponsor's Fee was $130 thousand for Q1 2026, down from $255 thousand in Q1 2025.
- The Trust issued 9,000 Shares during Q1 2026, bringing total outstanding to 1,398,200.
- A Board of Managers was created for the Sponsor on May 4, 2026, to manage day-to-day affairs.