Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 109

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 109
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424,124 during the period.

Net realized and unrealized gain on investment in SOL for the six months ended June 30, 2024 was $6,916,879. This amount includes a realized loss of $58,935 from the transfers of SOL to pay the Management Fee and other expenses, and a net change in unrealized appreciation on investment in SOL of $6,975,814. The gain was primarily driven by an increase in the price of SOL, from $104.82 per SOL as of December 31, 2023, to $140.67 per SOL as of June 30, 2024. Net increase in net assets resulting from operations was $6,554,327 for the six months ended June 30, 2024. This increase consisted of the net realized and unrealized gain on investment in SOL, the Management Fee of $336,396, and other expenses of $26,382, partially offset by other income of $226. Net assets increased to $27,813,763 as of June 30, 2024, representing a 37% increase for the period. The increase was due to the aforementioned increase resulting from operations, including subscriptions totaling $982,947 during the period.

Financial Highlights for Years Ended December 31, 2024 and 2023

Net realized and unrealized gain on investment in SOL for the year ended December 31, 2024 was $17,477,246. This amount includes a realized loss of $42,142 from transfers of SOL to pay the Management Fee and other expenses, and a net change in unrealized appreciation on investment in SOL of $17,519,388. The gain was primarily driven by an increase in the price of SOL, from $104.82 per SOL as of December 31, 2023, to $193.69 per SOL as of December 31, 2024. Net increase in net assets resulting from operations was $16,651,303 for the year ended December 31, 2024. This increase consisted of the net realized and unrealized gain on investment in SOL, the Management Fee of $766,095, and other expenses of $60,090, partially offset by other income of $242. Net assets increased to $38,601,764 as of December 31, 2024, representing a 90% increase for the year. The increase was due to the aforementioned increase resulting from operations, along with subscriptions totaling $1,673