Osprey Bitcoin Trust filed its Form 10-Q with the SEC on November 12, 2026, covering the quarterly period ended September 30, 2026, and reporting net assets of $78,193,989 and 933.95 bitcoin held in trust.

Key Highlights

  • Net assets: $78,193,989 as of September 30, 2026, down from $136,695,615 at December 31, 2025.
  • Bitcoin holdings: 933.95 units at fair value of $78,192,108, compared to 1,565.49 units valued at $136,691,305 at year-end 2025.
  • Shares outstanding: 2,910,535 as of September 30, 2026, reduced from 4,860,535 at December 31, 2025; as of October 31, 2026, shares outstanding were 2,290,535.
  • Net asset value per share: $26.87 at September 30, 2026, versus $28.12 at December 31, 2025.
  • Three-month net increase from operations: $23,437,942 for the quarter ended September 30, 2026, driven primarily by net unrealized appreciation of $23,424,789.
  • Nine-month net decrease from operations: $(7,116,752) for the nine months ended September 30, 2026, reflecting a net change in unrealized depreciation of $(37,936,093) partially offset by net realized gains of $31,092,675.
  • Management fee expense: $81,931 for the three months ended September 30, 2026, compared to $271,505 in the same prior-year period; $273,334 for the nine months ended September 30, 2026, compared to $721,902 in the nine months ended September 30, 2025.

Osprey Bitcoin Trust Q3 2026 Financial Position and Operating Results

According to the filing, Osprey Bitcoin Trust (NASDAQ:OBTC) held 933.95 units of bitcoin at fair value of $78,192,108 as of September 30, 2026, against a cost basis of $51,720,463. Total assets were $78,224,186, with the only liability being a management fee payable of $30,197, resulting in net assets of $78,193,989. The trust reported net asset value per share of $26.87, compared to $28.12 at December 31, 2025. Shares outstanding declined from 4,860,535 at year-end 2025 to 2,910,535 at the period end, and further to 2,290,535 as of October 31, 2026, according to the filing.

For the three months ended September 30, 2026, the trust reported total expenses of $81,931, consisting solely of the management fee, with no professional fees, custodian fees, or other expenses recorded in the period, the filing disclosed. Net investment loss was $(81,931) for the quarter. Net realized gain on investment in bitcoin was $95,084, and net change in unrealized appreciation was $23,424,789, producing a net increase in net assets from operations of $23,437,942 for the quarter.

For the nine months ended September 30, 2026, the trust reported total expenses of $273,334, all attributable to the management fee, the filing stated. Net realized gain on investment in bitcoin was $31,092,675 for the nine-month period, while net change in unrealized depreciation was $(37,936,093), resulting in a net decrease in net assets from operations of $(7,116,752). The filing noted that forward-looking statements contained in the report are subject to risks and uncertainties and are the Sponsor's own, qualified by cautionary language included in the filing.

What Was Disclosed

Osprey Bitcoin Trust filed its quarterly report for the period ended September 30, 2026, disclosing bitcoin holdings, net asset value, share count changes, and operating results for both the three-month and nine-month periods, with management fees as the sole expense category for the current-year periods.