Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 108

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 108
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5, representing a 25% increase for the period. The increase was due to the aforementioned increase resulting from operations.

Net realized and unrealized losses on investment in SOL for the three months ended June 30, 2024 was $8,872,409. This amount includes a realized gain of $296 from transfers of SOL to pay the Management Fee and other expenses, and a net change in unrealized depreciation on investment in SOL of $8,872,705. The loss was primarily driven by a decrease in the price of SOL, from $186.28 per SOL as of March 31, 2024, to $140.67 per SOL as of June 30, 2024. Net decrease in net assets resulting from operations was $9,079,657 for the three months ended June 30, 2024. This decrease consisted of the net realized and unrealized loss on investment in SOL, the Management Fee of $188,155, and other expenses of $19,199, partially offset by other income of $106. Net assets decreased to $27,813,763 as of June 30, 2024, representing a 23% decrease for the period. The decrease was due to the aforementioned decrease resulting from operations, partially offset by subscriptions totaling $814,064 during the period.

Net realized and unrealized loss on investment in SOL for the six months ended June 30, 2025 was $7,109,383. This amount includes a realized gain of $41,616 from the transfers of SOL to pay the Management Fee and other expenses, and a net change in unrealized depreciation on investment in SOL of $7,150,999. The loss was primarily driven by a decline in the price of SOL, from $193.69 per SOL as of December 31, 2024, to $157.80 per SOL as of June 30, 2025. Net decrease in net assets resulting from operations was $7,541,948 for the six months ended June 30, 2025. This decrease consisted of the net realized and unrealized loss on investment in SOL, the Management Fee of $406,400, and other expenses of $26,195, partially offset by other income of $30. Net assets decreased to $31,483,940 as of June 30, 2025, representing an 18% decrease for the period. The decrease was due to the aforementioned decrease resulting from operations, partially offset by subscriptions totaling $