Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 197

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 197
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 | 18,325,275 |   |     |                         | 19,024,508 |      |
| Net assets                                                            
 at the beginning of the year                                          |     |                         | 20,276,489 |   |     |                         |  1,251,981 |      |
| Net                                                                   
 assets at the end of the year                                         |     | $                       | 38,601,764 |   |     | $                       | 20,276,489 |      |
| Change                                                                
 in shares issued and outstanding                                      |     |                         |            |   |     |                         |            |      |
| Shares issued and outstanding                                         
 at the beginning of the year (1)                                      |     |                         |  6,009,450 |   |     |                         |  3,794,790 |      |
| Subscriptions                                                         |     |                         |    352,964 |   |     |                         |  2,214,990 |      |
| Redemptions                                                           |     |                         |          - |   |     |                         |       (330 | )(2) |
| Shares                                                                
 issued and outstanding at the end of the year                         |     |                         |  6,362,414 |   |     |                         |  6,009,450 |      |

| (1) | Shares have                                                                                                                             
 been adjusted retroactively to reflect the 15:1 stock split effective June 5, 2024 and the 1:20 reverse stock split effective March 24, 
 2023. See Note 2.                                                                                                                       |

| (2) | Partial shares                                            
 redemptions in connection with reverse split. See Note 2. |

<div align='center'>The accompanying notes are an integral part of these financial statements.</div>

| F-5 |

Osprey Solana Trust

Notes to the Financial Statements

December 31, 2024 and December 31, 2023

| 1. | Organization |

Osprey Solana Trust (the “Trust”) is a Delaware Statutory Trust that was formed on June 8, 2021 and commenced operations on September 8, 2021. The Trust is governed by the Amended and Restated Declaration of Trust and Trust Agreement dated June 1, 2022, as amended by the Amendment No. 1 dated December 1, 2022, and Amendment No. 2 dated March