Quarterly ResultMay 13, 2026, 05:17 PM
Osprey Bitcoin Trust Net Assets Fall 53% to $64.17M in Q1 2026
AI Summary
Osprey Bitcoin Trust reported a significant decline in net assets, falling 53.06% to $64.17 million as of March 31, 2026, from $136.70 million at the end of 2025. This decrease was primarily driven by a 22.4% drop in Net Asset Value per Share to $21.82 and substantial share redemptions totaling $50.77 million during the quarter. The Trust also experienced a net change in unrealized depreciation on Bitcoin investments of $52.63 million.
Key Highlights
- Net Assets decreased 53.06% to $64.17 million as of March 31, 2026.
- Net Asset Value per Share fell 22.4% to $21.82 from $28.12.
- Investment in Bitcoin at fair value decreased 53.04% to $64.19 million.
- Shares outstanding reduced by 1,920,000 due to redemptions.
- Redemptions totaled $50.77 million for the three months ended March 31, 2026.
- Net change in unrealized depreciation on Bitcoin was $52.63 million.
- Net realized gain on Bitcoin investments increased to $30.98 million.
- Total expenses decreased 80.75% to $108,491 for the quarter.