Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 218

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 218
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 are included with the net realized or unrealized appreciation or depreciation on investment in SOL in the statements of operations.

| F-22 |

Osprey Solana Trust

Notes to the Financial Statements (unaudited)

As of June 30, 2025

The following represents the changes in quantity and the respective fair value of SOL for the period ended June 30, 2025:

Schedule of Investment Holdings of Investments

|                                              |     | SOL |            |   |     | Fair  
 Value |            |   |
|:---------------------------------------------|:----|:----|-----------:|:--|:----|:------|-----------:|:--|
| Balance at January 1, 2025                   |     |     | 200,936.83 |   |     | $     | 38,919,454 |   |
| SOL received for Staking Rewards             |     |     |   8,383.52 |   |     |       |  1,402,482 |   |
| SOL distributed for Staking Rewards, related 
 party                                        |     |     |  (8,646.08 | ) |     |       | (1,445,559 | ) |
| SOL distributed for Management fee, related  
 party                                        |     |     |  (2,490.93 | ) |     |       |   (413,156 | ) |
| SOL distributed for other fees               |     |     |    (127.26 | ) |     |       |    (16,928 | ) |
| SOL received for subscriptions               |     |     |   2,844.62 |   |     |       |    424,154 |   |
| Net realized loss on investment in SOL       |     |     |          - |   |     |       |    (63,688 | ) |
| Net change in unrealized                     
 depreciation on investment in SOL            |     |     |          - |   |     |       | (7,104,629 | ) |
| Balance at June 30, 2025                     |     |     | 200,900.70 |   |     | $     | 31,702,130 |   |

Net realized gain on the transfer of SOL to pay expenses for the six months ended June 30, 2025, was $ 41,616, which includes $ 63,688net realized loss on investment in SOL, and $ 105