Form D · Hedge Fund
Galaxy Institutional Bitcoin Fund, Ltd.
New York, NY · CIK 0001794447
Offering snapshot reported Mar 4, 2026 · SEC filing
- Reported sold
- $204M Indefinite offering
- Investors reported
- 43 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Nov 21, 2019 As reported in this filing
Fundraising history
Reported soldDates 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.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Mar 4, 2026 | Amendment | $203,987,725 | $0vs Jul 30, 2025 | 43 | SEC filing |
| Jul 30, 2025 | Amendment | $203,987,725 | $2,872,302vs Jul 18, 2024 | 43 | SEC filing |
| Jul 18, 2024 | Amendment | $201,115,423 | $59,000,000vs Jul 19, 2023 | 43 | SEC filing |
| Jul 19, 2023 | Amendment | $142,115,423 | $3,509,907vs Jul 19, 2022 | 41 | SEC filing |
| Jul 19, 2022 | Amendment | $138,605,516 | $250,000vs Feb 15, 2022 | 34 | SEC filing |
| Feb 15, 2022 | Amendment | $138,355,516 | $16,969,969vs Apr 7, 2021 | 32 | SEC filing |
| Apr 7, 2021 | Amendment | $121,385,547 | No comparison | Not reported | SEC filing |
| Nov 25, 2020 | Amendment | $45,585,547 | No comparison | 13 | SEC filing |
| Nov 27, 2019 | Initial | Yet to sell | No comparison | 0 | SEC 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
- 021-354448
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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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Goldman Sachs & Co. LLC | 361 | |
| CAIS Capital LLC | 154512 | |
| Revo Digital Asset Management Limited | None |
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.
| Name | Reported role |
|---|---|
| Christopher Ferraro | Executive |
| Steve Kurz | Director |
| Scott Lennon | Director |
| Michael Novogratz | Executive |
| Damien Vanderwilt | Executive |
| Lisa Volekaert | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:New York, NY, 10282