Osprey Bitcoin Trust (OTCPK:OBTC) announced that it is aware that the common units of fractional undivided beneficial interest of the Trust (the ?Units?) are trading at a discount to the value of Bitcoin. Osprey Funds, LLC, the sponsor of the Trust (the ?Sponsor?), is currently exploring strategic alternatives to maximize unitholder value. As part of the strategic process, the Sponsor plans to consider a wide range of options, and is in various discussions about a potential sale of the Trust to, or merger with, an existing Bitcoin ETF.

In the event such talks do not conclude positively, the Sponsor intends to liquidate and dissolve the Trust within 180 days from March 05, 2024.