Fidelity Bitcoin Fund Files 2023 10-K

TL;DR

Fidelity Bitcoin Fund's 2023 10-K is out. All clear on Bitcoin holdings.

AI Summary

Fidelity Wise Origin Bitcoin Fund filed its 2023 10-K report on March 21, 2024, detailing its operations for the fiscal year ending December 31, 2023. The fund, incorporated in Delaware, is managed by Fidelity and focuses on Bitcoin assets. Key financial details and operational information for the period are presented in this annual report.

Why It Matters

This filing provides investors and the public with a comprehensive overview of the Fidelity Wise Origin Bitcoin Fund's financial performance and operational status for the 2023 fiscal year, including any significant events or risks.

Risk Assessment

Risk Level: medium — As a Bitcoin fund, it is inherently exposed to the high volatility and regulatory risks associated with the cryptocurrency market.

Key Numbers

• 2023-12-31 — Fiscal Year End (The report covers the financial performance up to this date.)
• 2024-03-21 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• Fidelity Wise Origin Bitcoin Fund (company) — Registrant
• 2023-12-31 (date) — Fiscal year end
• 2024-03-21 (date) — Filing date
• 001-41904 (dollar_amount) — Commission File Number
• Delaware (company) — State of incorporation
• Fidelity (company) — Manager

FAQ

From the Filing

0000950170-24-034695.txt : 20240321 0000950170-24-034695.hdr.sgml : 20240321 20240321161051 ACCESSION NUMBER: 0000950170-24-034695 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 34 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fidelity Wise Origin Bitcoin Fund CENTRAL INDEX KEY: 0001852317 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 866606379 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41904 FILM NUMBER: 24771439 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: (617)-392-2211 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: Wise Origin Bitcoin Trust DATE OF NAME CHANGE: 20210319 10-K 1 ck0001852317-20231231.htm 10-K 10-K false 0001852317 --12-31 FY Fidelity Wise Origin Bitcoin Fund Massachusetts 0001852317 us-gaap:SubsequentEventMember 2024-01-09 0001852317 2023-11-30 0001852317 us-gaap:SubsequentEventMember 2024-01-09 2024-01-09 0001852317 2024-03-15 0001852317 2023-12-31 0001852317 2023-11-29 0001852317 2023-11-30 2023-12-31 0001852317 2023-06-30 iso4217:USD xbrli:shares xbrli:shares iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 10-K   (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________________ TO ____________________ Commission File Number 001-41904   Fidelity ® Wise Origin ® Bitcoin Fund (Exact name of Registrant as specified in its Charter)   Delaware 86-6606379 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 245 Summer Street V13E Boston , MA 02210 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (800) 343-3548   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Fidelity® Wise Origin® Bitcoin Fund Shares   FBTC   Cboe BZX Exchange, Inc. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.   Large accelerated filer ☐ Accelerated filer ☐ Non-ac