Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 204

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 204
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 31, 2024, was $ 17,519,388, which includes net change in unrealized appreciation on investment in SOL of $ 17,466,871, and $ 52,517net unrealized appreciation due to changes in value of liabilities denominated in SOL.

| F-10 |

Osprey Solana Trust

Notes to the Financial Statements

December 31, 2024 and December 31, 2023

The following represents the changes in quantity and the respective fair value of SOL for the year ended December 31, 2023:

|                                              |     | SOL |            |   |     | Fair  
 Value |            |   |
|:---------------------------------------------|:----|:----|-----------:|:--|:----|:------|-----------:|:--|
| Balance at January 1, 2023                   |     |     | 129,925.40 |   |     | $     |  1,281,064 |   |
| SOL received for Staking Rewards             |     |     |   7,925.56 |   |     |       |    235,170 |   |
| SOL distributed for Staking Rewards, related 
 party                                        |     |     |  (8,023.33 | ) |     |       |   (205,603 | ) |
| SOL distributed for Management fee, related  
 party                                        |     |     |  (2,863.65 | ) |     |       |    (76,141 | ) |
| SOL distributed for other fees               |     |     |  (3,797.16 | ) |     |       |    (79,122 | ) |
| SOL received for subscriptions               |     |     |  71,248.20 |   |     |       |  5,950,000 |   |
| SOL distributed for redemptions              |     |     |     (11.62 | ) |     |       |       (237 | ) |
| Net realized loss on investment in SOL       |     |     |          - |   |     |       | (1,071,656 | ) |
| Net change in unrealized                     
 appreciation on investment in SOL            |     |     |          - |   |     |       | 14,343,889 |   |
| Balance at December 31,                      
 2023                                         |     |     | 194,403.40