ParaFi Capital LP Hedge Fund

CIK: 0001919332 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $358,371 (98.7% shares, 1.3% debt)

Holdings (16)

New Positions (7)

HOOD ROBINHOOD MKTS INC 1.6%

Value ($000) $5,655 Shares 50,000 Est. Cost $130.05 Unrealized 0.0%

— STRATEGY INC 1.3%

Value ($000) $4,526 Shares 5,500,000 Est. Cost $0.82 Unrealized —

BRR PROCAP FINL INC 0.8%

Value ($000) $2,881 Shares 816,073 Est. Cost $7.98 Unrealized 0.0%

WULF TERAWULF INC 0.6%

Value ($000) $2,300 Shares 200,200 Est. Cost $13.40 Unrealized 0.0%

CRCL CIRCLE INTERNET GROUP INC 0.2%

Value ($000) $793 Shares 10,000 Est. Cost $103.35 Unrealized 0.0%

PYPL PAYPAL HLDGS INC 0.2%

Value ($000) $584 Shares 10,000 Est. Cost $64.84 Unrealized 0.0%

WU WESTERN UN CO 0.2%

Value ($000) $560 Shares 60,100 Est. Cost $9.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HOOD	ROBINHOOD MKTS INC	50,000	$5,655	1.6%	$130.05	0.0%	COM CL A	770700102
—	STRATEGY INC	5,500,000	$4,526	1.3%	$0.82	—	NOTE 12/0	594972AS0
BRR	PROCAP FINL INC	816,073	$2,881	0.8%	$7.98	0.0%	COM SHS	74277P105
WULF	TERAWULF INC	200,200	$2,300	0.6%	$13.40	0.0%	COM	88080T104
CRCL	CIRCLE INTERNET GROUP INC	10,000	$793	0.2%	$103.35	0.0%	COM CL A	172573107
PYPL	PAYPAL HLDGS INC	10,000	$584	0.2%	$64.84	0.0%	COM	70450Y103
WU	WESTERN UN CO	60,100	$560	0.2%	$9.31	—	COM	959802109

Increased Positions (3)

CORZ CORE SCIENTIFIC INC NEW 4.5%

Value ($000) $16,303 (+406.0%) Shares 1,119,724 (+523.4%) Est. Cost $16.91 Unrealized +3.1%

— STRATEGY INC 4.4%

Value ($000) $15,782 (+179.8%) Shares 200,378 (+225.8%) Est. Cost $82.73 Unrealized —

— ISHARES BITCOIN TRUST ETF 0.4%

Value ($000) $1,476 (+29.2%) Shares 12,000 (+140.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CORZ	CORE SCIENTIFIC INC NEW	1,119,724 (+523.4%)	$16,303 (+406.0%)	4.5%	$16.91	+3.1%	COM	21874A106
—	STRATEGY INC	200,378 (+225.8%)	$15,782 (+179.8%)	4.4%	$82.73	—	SERIES A PERP PF	594972887
—	ISHARES BITCOIN TRUST ETF	12,000 (+140.0%)	$1,476 (+29.2%)	0.4%	—	—	CALL	46438F901

Exited Positions (4)

NAKA KINDLY MD INC 5.3%

Value ($000) $19,008 Shares 17,764,820 Est. Cost $7.93 Unrealized -91.8%

— COLUMBUS CIRCLE CAP CORP. I 0.8%

Value ($000) $2,834 Shares 280,050 Est. Cost $10.12 Unrealized —

CEPF CANTOR EQUITY PARTNERS IV IN 0.6%

Value ($000) $2,037 Shares 200,000 Est. Cost $10.15 Unrealized +2.4%

— COINBASE GLOBAL INC 0.0%

Value ($000) $23 Shares 150 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NAKA	KINDLY MD INC	17,764,820	$19,008	5.3%	$7.93	-91.8%	—	49457M106
—	COLUMBUS CIRCLE CAP CORP. I	280,050	$2,834	0.8%	$10.12	—	—	G2296A109
CEPF	CANTOR EQUITY PARTNERS IV IN	200,000	$2,037	0.6%	$10.15	+2.4%	—	G1828E100
—	COINBASE GLOBAL INC	150	$23	0.0%	—	—	PUT	19260Q957

Decreased Positions (1)

SBET SHARPLINK GAMING INC 9.7%

Value ($000) $34,888 (-50.3%) Shares 3,902,430 (-5.4%) Est. Cost $13.55 Unrealized -9.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SBET	SHARPLINK GAMING INC	3,902,430 (-5.4%)	$34,888 (-50.3%)	9.7%	$13.55	-9.9%	COM NEW	820014405

Unchanged Positions (5)

BITB BITWISE BITCOIN ETF TR 26.0%

Value ($000) $93,218 Shares 1,960,000 Est. Cost $58.59 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 23.2%

Value ($000) $83,091 Shares 1,090,000 Est. Cost $87.33 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 20.4%

Value ($000) $73,236 Shares 1,475,046 Est. Cost $53.05 Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 5.6%

Value ($000) $20,140 Shares 520,000 Est. Cost $43.00 Unrealized —

COIN COINBASE GLOBAL INC 0.8%

Value ($000) $2,940 Shares 13,001 Est. Cost $244.08 Unrealized +22.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BITB	BITWISE BITCOIN ETF TR	1,960,000	$93,218	26.0%	$58.59	—	SHS BEN INT	09174C104
FBTC	FIDELITY WISE ORIGIN BITCOIN	1,090,000	$83,091	23.2%	$87.33	—	SHS	315948109
IBIT	ISHARES BITCOIN TRUST ETF	1,475,046	$73,236	20.4%	$53.05	—	SHS BEN INT	46438F101
BTC	GRAYSCALE BITCOIN MINI TR ET	520,000	$20,140	5.6%	$43.00	—	SHS NEW	389930207
COIN	COINBASE GLOBAL INC	13,001	$2,940	0.8%	$244.08	+22.1%	COM CL A	19260Q107