---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-021165"
form_type: "8-K"
ticker: "BITB"
cik: "0001763415"
company_name: "Bitwise Bitcoin ETF"
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:29:21.965164+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bitwise Bitcoin ETF terminates Osprey bitcoin buyout; Osprey pays settlement on Feb 10, 2025

## Summary
- Asset Purchase Agreement (APA) dated Aug 26, 2024 terminated Feb 10, 2025 after Osprey paid undisclosed settlement.
- Osprey requested structural amendments then unilaterally terminated APA to pursue an alternative business opportunity.
- Bitwise asserts Osprey had no unilateral termination right under APA; settlement negotiated after termination notice.
- Deal would have exchanged Osprey's bitcoin for BITB shares; no transaction completed.

## SEC filing metadata
- accession: 0000950170-25-021165
- form_type: 8-K
- ticker: BITB
- cik: 0001763415
- company_name: Bitwise Bitcoin ETF
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763415/000095017025021165/0000950170-25-021165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763415/000095017025021165/bitb-20250214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-021165
- JSON: https://secwatch.observer/filing/0000950170-25-021165.json
- Plain text: https://secwatch.observer/filing/0000950170-25-021165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.