AuditorJun 22, 2026, 04:53 PM
Osprey Bitcoin Trust Appoints Cherry Bekaert as New Auditor
AI Summary
Osprey Bitcoin Trust's sponsor dismissed Grant Thornton LLP as its independent registered public accounting firm on June 16, 2026. The dismissal was not due to any disagreements, although a previously disclosed material weakness in internal control over financial reporting related to administrator oversight remains under remediation. Subsequently, Cherry Bekaert LLP was engaged on June 17, 2026, to serve as the Trust's new auditor for the fiscal year ending December 31, 2026.
Key Highlights
- Grant Thornton LLP was dismissed as Osprey Bitcoin Trust's independent registered public accounting firm on June 16, 2026.
- The dismissal was not due to any adverse opinions, disclaimers, or disagreements on accounting principles or practices.
- A material weakness in internal control over financial reporting was noted for fiscal year 2025 and Q1 2026.
- The material weakness pertained to ineffective oversight of the administrator process, leading to an audit adjustment.
- Cherry Bekaert LLP was engaged as the new independent registered public accounting firm on June 17, 2026.
- Cherry Bekaert will serve as auditor for the fiscal year ending December 31, 2026.
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