Osprey Announces Termination of Asset Purchase Agreement

FAIRFIELD, Conn.--(BUSINESS WIRE)--Osprey Funds, LLC (“Osprey”), the sponsor of the Osprey Bitcoin Trust (OTCQX: OBTC), announced today the termination of the previously announced Asset Purchase and Contribution Agreement (the “APA”). The APA was terminated as the parties did not receive all regulatory approvals by December 31, 2024.

Osprey intends to subsequently provide its investors with an update as to its strategic alternatives for OBTC.

About Osprey Funds

Osprey Funds, LLC offers common-sense solutions to digital asset investing. Based in Fairfield, Connecticut, Osprey is dedicated to building secure, transparent, and cost-effective investment products that provide access to digital assets. Learn more by visiting ospreyfunds.io.

Forward-Looking Statements

This press release contains “forward-looking statements.” These forward-looking statements include, without limitation, statements relating to exploring strategic alternatives, and the timing of such strategic alternatives. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on Osprey’s current beliefs, expectations and assumptions regarding the future of OBTC. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. Except as required by law, Osprey does not undertake any obligation to publicly update or revise any forward-looking statement, whether as result of new information, future events or otherwise.