Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MFI	MF INTL LTD	500,000	$5.5M	0.7%	$15.51	0.0%	SHS NEW CL A	G6065C121
TSM	TAIWAN SEMICONDUCTOR MANUFAC	455	$154K	0.0%	$337.95	—	SPONSORED ADS	874039100
ASML	ASML HLDG NV	70	$92,458	0.0%	$1320.83	—	N Y REGISTRY SHS	N07059210
HOOD	ROBINHOOD MKTS INC	1,250	$86,625	0.0%	$95.75	0.0%	COM CL A	770700102
AVGO	BROADCOM INC	150	$46,427	0.0%	$334.17	0.0%	COM	11135F101
—	ISHARES BITCOIN TRUST ETF	200	$7,684	0.0%	—	—	PUT	46438F951

Increased Positions (1)

NVDA NVIDIA CORPORATION 0.0%

Value $350K (+31164.2%) Shares 2,006 (+33333.3%) Est. Cost $186.46 Unrealized +0.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	2,006 (+33333.3%)	$350K (+31164.2%)	0.0%	$186.46	+0.1%	COM	67066G104

Exited Positions (11)

— INVESCO QQQ TR 7.8%

Value $61.43M Shares 100,000 Est. Cost — Unrealized —

— ISHARES BITCOIN TRUST ETF 0.0%

Value $9,930 Shares 200 Est. Cost — Unrealized —

FBT FIRST TR EXCHANGE-TRADED FD 0.0%

Value $207 Shares 1 Est. Cost $170.00 Unrealized —

— IQIYI INC 0.0%

Value $192 Shares 100 Est. Cost — Unrealized —

FUTU FUTU HLDGS LTD 0.0%

Value $164 Shares 1 Est. Cost $124.00 Unrealized —

INTC INTEL CORP 0.0%

Value $74 Shares 2 Est. Cost $21.88 Unrealized +112.2%

VIXM PROSHARES TR II 0.0%

Value $15 Shares 1 Est. Cost $16.00 Unrealized —

UNG UNITED STS NAT GAS FD LP 0.0%

Value $12 Shares 1 Est. Cost $22.00 Unrealized —

— BLACKROCK DEBT STRATEGIES FD 0.0%

Value $10 Shares 1 Est. Cost $10.00 Unrealized —

DZZ DEUTSCHE BK AG LONDON BRH 0.0%

Value $4 Shares 1 Est. Cost $2.00 Unrealized —

YOLO ADVISORSHARES TR 0.0%

Value $3 Shares 1 Est. Cost $2.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESCO QQQ TR	100,000	$61.43M	7.8%	—	—	PUT	46090E953
—	ISHARES BITCOIN TRUST ETF	200	$9,930	0.0%	—	—	CALL	46438F901
FBT	FIRST TR EXCHANGE-TRADED FD	1	$207	0.0%	$170.00	—	—	33733E203
—	IQIYI INC	100	$192	0.0%	—	—	CALL	46267X908
FUTU	FUTU HLDGS LTD	1	$164	0.0%	$124.00	—	—	36118L106
INTC	INTEL CORP	2	$74	0.0%	$21.88	+112.2%	—	458140100
VIXM	PROSHARES TR II	1	$15	0.0%	$16.00	—	—	74347W338
UNG	UNITED STS NAT GAS FD LP	1	$12	0.0%	$22.00	—	—	912318409
—	BLACKROCK DEBT STRATEGIES FD	1	$10	0.0%	$10.00	—	—	09255R202
DZZ	DEUTSCHE BK AG LONDON BRH	1	$4	0.0%	$2.00	—	—	25154H756
YOLO	ADVISORSHARES TR	1	$3	0.0%	$2.00	—	—	00768Y495

Unchanged Positions (15)

IBIT ISHARES BITCOIN TRUST ETF 88.9%

Value $702M Shares 18,276,100 Est. Cost $53.17 Unrealized —

TIGR UP FINTECH HLDG LTD 8.3%

Value $65.18M Shares 10,346,087 Est. Cost $9.38 Unrealized —

BITB BITWISE BITCOIN ETF TR 0.8%

Value $6.374M Shares 173,163 Est. Cost $47.56 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 0.4%

Value $3.46M Shares 58,616 Est. Cost $80.37 Unrealized —

XXI TWENTY ONE CAP INC 0.3%

Value $2.56M Shares 400,000 Est. Cost $15.87 Unrealized -51.4%

ETHA ISHARES ETHEREUM TR 0.1%

Value $941K Shares 59,464 Est. Cost $31.51 Unrealized —

HSDT SOLANA CO 0.1%

Value $503K Shares 290,655 Est. Cost $6.60 Unrealized -60.0%

WDH WATERDROP INC 0.2%

Value $1.392M Shares 859,202 Est. Cost $1.89 Unrealized —

BMNR BITMINE IMMERSION TECNOLOGIE 0.1%

Value $576K Shares 29,105 Est. Cost $40.53 Unrealized -37.3%

META META PLATFORMS INC 0.0%

Value $28,607 Shares 50 Est. Cost $631.49 Unrealized +3.8%

GOOG ALPHABET INC 0.0%

Value $28,686 Shares 100 Est. Cost $164.93 Unrealized +96.3%

AAPL APPLE INC 0.0%

Value $25,379 Shares 100 Est. Cost $228.87 Unrealized +14.8%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $42,300 Shares 50 Est. Cost $423.71 Unrealized +120.1%

PDD PDD HOLDINGS INC 0.0%

Value $102 Shares 1 Est. Cost $104.66 Unrealized —

IQ IQIYI INC 0.0%

Value $1 Shares 1 Est. Cost $2.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	18,276,100	$702M	88.9%	$53.17	—	SHS BEN INT	46438F101
TIGR	UP FINTECH HLDG LTD	10,346,087	$65.18M	8.3%	$9.38	—	SPONSORED ADS	91531W106
BITB	BITWISE BITCOIN ETF TR	173,163	$6.374M	0.8%	$47.56	—	SHS BEN INT	09174C104
FBTC	FIDELITY WISE ORIGIN BITCOIN	58,616	$3.46M	0.4%	$80.37	—	SHS	315948109
XXI	TWENTY ONE CAP INC	400,000	$2.56M	0.3%	$15.87	-51.4%	COM SHS CL A	90138L109
ETHA	ISHARES ETHEREUM TR	59,464	$941K	0.1%	$31.51	—	SHS	46438R105
HSDT	SOLANA CO	290,655	$503K	0.1%	$6.60	-60.0%	COM CL A NEW	42328V876
WDH	WATERDROP INC	859,202	$1.392M	0.2%	$1.89	—	ADS	94132V105
BMNR	BITMINE IMMERSION TECNOLOGIE	29,105	$576K	0.1%	$40.53	-37.3%	COM NEW	09175A206
META	META PLATFORMS INC	50	$28,607	0.0%	$631.49	+3.8%	CL A	30303M102
GOOG	ALPHABET INC	100	$28,686	0.0%	$164.93	+96.3%	CAP STK CL C	02079K107
AAPL	APPLE INC	100	$25,379	0.0%	$228.87	+14.8%	COM	037833100
GS	GOLDMAN SACHS GROUP INC	50	$42,300	0.0%	$423.71	+120.1%	COM	38141G104
PDD	PDD HOLDINGS INC	1	$102	0.0%	$104.66	—	SPONSORED ADS	722304102
IQ	IQIYI INC	1	$1	0.0%	$2.00	—	SPONSORED ADS	46267X108