Net asset value increased from $51.52 billion at December 31, 2024, to $67.40 billion at December 31, 2025, a 30.83% increase. Outstanding Shares rose from 970.44 million at December 31, 2024, to 1.359 billion at December 31, 2025. Bitcoin price decreased by 6.32% from $93,365.36 at December 31, 2024, to $87,463.03 at December 31, 2025. Net decrease in net assets from operations for 2025 was $8.97 billion, primarily due to an $11.44 billion unrealized loss on bitcoin investment. The Trust generated $2.64 billion in net realized gains from bitcoin sales for redemptions and expenses in 2025. The Sponsor's fee was $174.56 million for 2025, with a waiver of $178,082. The Trust is a passive investment vehicle, not actively managed to profit from price changes. On July 29, 2025, the SEC permitted in-kind creations and redemptions for the Trust.