Related Parties	9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]
Related Parties	5. Related Parties The Sponsor pays certain expenses on behalf of, and is reimbursed by, the Trust. For the three months ended September 30, 2023 and 2022 the Trust reimbursed the Sponsor the expenses in the amount of $76,170 and $153,497, respectively. For the nine months ended September 30, 2023 and 2022 the Trust reimbursed the Sponsor the expenses in the amount of $662,025 and $364,852, respectively. For the three months ended September 30, 2023 and 2022 the Trust incurred Management Fees of $95,755 and $73,637, respectively, which are recorded in the accompanying statements of operations. For the nine months ended September 30, 2023 and 2022 the Trust incurred Management Fees of $266,946 and $326,553, respectively, which are recorded in the accompanying statements of operations. As of September 30, 2023, and December 31, 2022, there were unpaid Management Fees of $29,913 and $19,213, respectively, which are recorded as management fee payable in the accompanying statements of assets and liabilities. The Trust’s Management Fee is accrued daily in Bitcoins and will be payable, at the Sponsor’s sole discretion, in U.S. dollars or in Bitcoins at the Bitcoin Market Price in effect at the time of such payment. From inception through September 30, 2023, all Management Fees have been paid in Bitcoin to the Sponsor. On June 29, 2023, an affiliate to the Sponsor entered into an agreement to purchase 2,932,321 Units from an unaffiliated investor in a private transaction. This purchase represented approximately 35% of Units of the Trust. The transaction settled on July 14, 2023. The aggregate number of Units owned by related parties is 2,938,490, valued at $26,153,398, and 6,169, valued at $34,034 on September 30, 2023, and December 31, 2022, respectively.

Related Parties

9 Months Ended

Sep. 30, 2023

5. Related Parties

The Sponsor pays certain expenses on behalf of, and is reimbursed by, the Trust. For the three months ended September 30, 2023 and 2022 the Trust reimbursed the Sponsor the expenses in the amount of $76,170 and $153,497, respectively. For the nine months ended September 30, 2023 and 2022 the Trust reimbursed the Sponsor the expenses in the amount of $662,025 and $364,852, respectively.

For the three months ended September 30, 2023 and 2022 the Trust incurred Management Fees of $95,755 and $73,637, respectively, which are recorded in the accompanying statements of operations. For the nine months ended September 30, 2023 and 2022 the Trust incurred Management Fees of $266,946 and $326,553, respectively, which are recorded in the accompanying statements of operations. As of September 30, 2023, and December 31, 2022, there were unpaid Management Fees of $29,913 and $19,213, respectively, which are recorded as management fee payable in the accompanying statements of assets and liabilities.

The Trust’s Management Fee is accrued daily in Bitcoins and will be payable, at the Sponsor’s sole discretion, in U.S. dollars or in Bitcoins at the Bitcoin Market Price in effect at the time of such payment. From inception through September 30, 2023, all Management Fees have been paid in Bitcoin to the Sponsor.

On June 29, 2023, an affiliate to the Sponsor entered into an agreement to purchase 2,932,321 Units from an unaffiliated investor in a private transaction. This purchase represented approximately 35% of Units of the Trust. The transaction settled on July 14, 2023. The aggregate number of Units owned by related parties is 2,938,490, valued at $26,153,398, and 6,169, valued at $34,034 on September 30, 2023, and December 31, 2022, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Osprey Bitcoin Trust 10-Q