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What changed 10-K

Item 5. Market for Registrant’s Common Equity

2026-03-10 compared with 2025-03-28 · 4 added, 9 removed, 14 unchanged (48% of the section changed)

5 unchanged sentences

of each exchange on which registered

Valkyrie Bitcoin Fund

Nasdaq Stock Market, LLC

of February 28, 2025, there were approximately 67 DTC participating Shareholders of record of the Trust.

Because most of the Trust’s

Shares are held by brokers and other institutions on behalf of Shareholders, we are unable to estimate the total number of Shareholders

represented by these record holders.

On January 10, 2024, Valkyrie Funds LLC, then an affiliate of the Initial Sponsor, purchased 40,000 Share at a per-Share price

of $13.00 (the “Seed Shares”) in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act.

of the Seed Shares was made on January 11, 2024.

Total proceeds to the Trust from the sale of the Seed Share was $520,000.

of January 31, 2026, there were approximately 64 Direct Participants holding Shares of the Trust on behalf of their customers

as beneficial owners of Shares.

Because most of the Trust’s Shares are held by brokers and other institutions on behalf

of Shareholders, we are unable to estimate the total number of Shareholders represented by these record holders.

In connection with redemptions of baskets held by an Authorized Participant, BRRR redeemed 227 baskets (comprising 1,135,000

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.