Osprey Bitcoin Trust Q2 2026: Net assets (decrease) $(8.80M), NAV $18.83— 10-Q Summary

Osprey Bitcoin Trust reported results for the quarter ended June 30, 2026, reflecting a sharp decline in net assets driven by Bitcoin price weakness; the trust recorded a $(8.80M) decrease in net assets resulting from operations for Q2 2026 versus a $48.32M increase in the year‑ago quarter, and NAV per share fell to $18.83 from $34.91 a year earlier.

Financial Highlights

• Net (decrease) increase in net assets resulting from operations: $(8.80M) for Q2 2026 vs $48.32M for Q2 2025.
• NAV per share: $18.83 at 6/30/2026 vs $34.91 at 6/30/2025.
• Net realized and unrealized gain (loss): $(8.72M) for Q2 2026 vs $48.79M for Q2 2025.
• Diluted earnings per share: Not disclosed in the filing.

Business Highlights

• Listing & distribution: Trust shares moved from OTCQX to Nasdaq on Dec. 19, 2025, intended to improve liquidity and market access.
• Asset performance: Bitcoin price volatility drove NAV swings; net assets declined 59.5% year-to-date through June 30, 2026 due to the price drop.
• Fees and cash management: The management fee (0.49% annual) is accrued daily and paid monthly in USD by selling Bitcoin, keeping the trust's cash balance near zero.
• Creation/redemption: Shares are created and redeemed in 10,000-share Baskets settled in Bitcoin or cash; a Basket required approximately 3.2128 BTC as of June 30, 2026.
• Valuation: NAV and Bitcoin market price use the CF Benchmarks Index under ASC 820-10; the sponsor may replace the index if it becomes unreliable.

Original SEC Filing: Osprey Bitcoin Trust [ OBTC ] - 10-Q - Aug. 11, 2026

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.