Form D · Hedge Fund

Galaxy Institutional Bitcoin Fund LP

New York, NY · CIK 0001794446

Offering snapshot reported Mar 4, 2026 · SEC filing

Reported sold
$123M
Indefinite offering
Investors reported
99
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Nov 21, 2019
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$61.6M$123MApr 7, 2021: $100,484,801.00Apr 7, 2021Apr 7, 2022: $108,160,755.00Apr 7, 2022Feb 23, 2023: $111,975,958.00Feb 23, 2023Feb 23, 2024: $116,855,290.00Feb 23, 2024Feb 21, 2025: $121,703,382.00Feb 21, 2025Mar 4, 2026: $123,190,211.00Mar 4, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$121,703,382 → $123,190,211
  • Reported investors96 → 99

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 4, 2026Amendment$123,190,211$1,486,829vs Feb 21, 202599SEC filing
Feb 21, 2025Amendment$121,703,382$4,848,092vs Feb 23, 202496SEC filing
Feb 23, 2024Amendment$116,855,290$4,879,332vs Feb 23, 202385SEC filing
Feb 23, 2023Amendment$111,975,958$3,815,203vs Apr 7, 202279SEC filing
Apr 7, 2022Amendment$108,160,755$7,675,954vs Apr 7, 202172SEC filing
Apr 7, 2021Amendment$100,484,801No comparisonNot reportedSEC filing
Apr 7, 2021Amendment$100,484,801$45,363,827vs Nov 25, 202055SEC filing
Nov 25, 2020Amendment$55,120,974No comparison33SEC filing
Nov 27, 2019InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06c
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-354447
Total Amount Sold reflects the aggregate amount sold by Issuer to purchasers; not attributable to any one particular introduction or placement agent.
Each recipient disclosed in Item 12 will receive certain introduction, placement or servicing fees, as applicable, with respect to clients referred or introduced to the Issuer, as disclosed to their respective applicable clients.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Morgan Stanley Smith Barney LLC149777
Goldman Sachs & Co. LLC361
CAIS Capital LLC154512

Source: Form D, filed Mar 4, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Christopher Ferrarro Executive
Galaxy Digital Lp Promoter
Galaxy Institutional Bitcoin Fund Gp Llc Promoter
Steve Kurz Executive
Michael Novogratz Executive
Damien Vanderwilt Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
300 Vesey St., 13 Th Floor
New York, NY, 10282