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AI brief of an SEC Form 8-K · Osprey Bitcoin Trust (OBTC)

Osprey Bitcoin Trust replaces Grant Thornton with Cherry Bekaert as auditor

Neutral Impact 3 of 5 other Written later

Osprey Bitcoin Trust dismissed Grant Thornton LLP as its independent auditor on June 16, 2026, and engaged Cherry Bekaert LLP on June 17, 2026, for the fiscal year ending December 31, 2026. The filing says Grant Thornton's prior two audit reports contained no adverse opinion, disclaimer, or qualification, and that no disagreements with the auditor were reported, but it notes a material weakness in internal control that has not been fully remediated.

Key points

  • Grant Thornton LLP dismissed effective June 16, 2026; Cherry Bekaert LLP engaged effective June 17, 2026
  • Grant Thornton's audit reports for fiscal 2024 and 2025 had no adverse opinion, disclaimer, or qualification
  • Material weakness tied to ineffective oversight of the administrator process led to an audit adjustment for fiscal 2025 and was not fully remediated as of March 31, 2026
  • Grant Thornton's letter to the SEC dated June 22, 2026 is filed as Exhibit 16.1

The filing

CompanyOsprey Bitcoin Trust (OBTC)
Form8-K, current report
Filed with the SECJun 22, 2026, 4:45 PM ET
Accession number0001493152-26-029608

Items reported: 4.01 Auditor Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.