BIT Capital GmbH Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	457,908	$143,325	5.3%	$285.60	0.0%	CAP STK CL A	02079K305
NTSK	NETSKOPE INC	1,578,277	$27,683	1.0%	$20.86	0.0%	CL A	64119N608
INTC	INTEL CORP	636,965	$23,504	0.9%	$37.76	0.0%	COM	458140100
COHR	COHERENT CORP	114,965	$21,219	0.8%	$149.58	0.0%	COM	19247G107
GLXY	GALAXY DIGITAL INC.	775,000	$17,329	0.6%	$20.30	+52.6%	CALL	36317J209
CRCL	CIRCLE INTERNET GROUP INC	200,000	$15,860	0.6%	$103.35	0.0%	CALL	172573107
GRAL	GRAIL INC	156,263	$13,375	0.5%	$86.40	0.0%	COM	384747101
CORZ	CORE SCIENTIFIC INC NEW	900,000	$13,104	0.5%	$9.73	+79.2%	CALL	21874A106
PSTG	PURE STORAGE INC	168,329	$11,280	0.4%	$83.54	0.0%	CL A	74624M102
APLD	APPLIED DIGITAL CORP	426,120	$10,448	0.4%	$28.80	0.0%	COM NEW	038169207
PCSC	PERCEPTIVE CAP SOLUTIONS COR	740,264	$9,646	0.4%	$11.28	0.0%	CL A ORD SHS	G70077105
LITE	LUMENTUM HLDGS INC	21,423	$7,896	0.3%	$256.82	0.0%	COM	55024U109
RBRK	RUBRIK INC.	80,000	$6,118	0.2%	$81.83	-6.3%	CALL	781154109
SITM	SITIME CORP	16,150	$5,704	0.2%	$312.93	0.0%	COM	82982T106
CVNA	CARVANA CO	7,500	$3,165	0.1%	$220.87	+68.3%	CALL	146869102
LMND	LEMONADE INC	30,000	$2,135	0.1%	$45.08	+49.0%	CALL	52567D107
CRCL	CIRCLE INTERNET GROUP INC	24,200	$1,919	0.1%	$103.35	0.0%	COM CL A	172573107
ALB	ALBEMARLE CORP	12,000	$1,697	0.1%	$113.25	0.0%	COM	012653101
SQM	SOCIEDAD QUIMICA Y MINERA DE	23,769	$1,635	0.1%	$68.80	—	SPON ADR SER B	833635105
NU	NU HLDGS LTD	92,527	$1,549	0.1%	$16.07	0.0%	ORD SHS CL A	G6683N103
HIMS	HIMS & HERS HEALTH INC	40,000	$1,299	0.0%	$30.47	+40.6%	CALL	433000106
NKTR	NEKTAR THERAPEUTICS	21,100	$892	0.0%	$55.96	0.0%	COM NEW	640268306
QURE	UNIQURE NV	31,614	$757	0.0%	$38.59	0.0%	SHS	N90064101
PALI	PALISADE BIO INC	305,000	$717	0.0%	$1.92	0.0%	COM	696389402
GHRS	GH RESEARCH PLC	50,000	$635	0.0%	$13.62	0.0%	ORDINARY SHARES	G3855L106
TECX	TECTONIC THERAPEUTIC INC	30,000	$626	0.0%	$18.58	0.0%	COM	878972108
DNTH	DIANTHUS THERAPEUTICS INC	15,000	$618	0.0%	$38.77	0.0%	COM	252828108
MNKD	MANNKIND CORP	101,000	$573	0.0%	$5.51	0.0%	COM NEW	56400P706
KNSA	KINIKSA PHARMACEUTICALS INTL	12,800	$528	0.0%	$40.11	0.0%	ORD SHS CL A	G52694109
BBOT	BRIDGEBIO ONCOLOGY THERAPEUT	25,000	$313	0.0%	$12.52	—	COM NEW	107924102
DYN	DYNE THERAPEUTICS INC	15,000	$293	0.0%	$18.94	0.0%	COM	26818M108
NP	NEPTUNE INS HLDGS INC	10,000	$292	0.0%	$26.30	0.0%	CL A	64073B103
SANA	SANA BIOTECHNOLOGY INC	58,000	$236	0.0%	$4.48	0.0%	COM	799566104
RNA	AVIDITY BIOSCIENCES INC	3,000	$216	0.0%	$64.59	0.0%	COM	05370A108
GRND	GRINDR INC	800	$11	0.0%	$10.03	+35.6%	CALL	39854F101

Increased Positions (38)

OSCR OSCAR HEALTH INC 3.3%

Value ($000) $88,897 (+389.6%) Shares 6,186,267 (+545.0%) Est. Cost $17.11 Unrealized +1.1%

HNGE HINGE HEALTH INC 5.7%

Value ($000) $154,033 (+69.7%) Shares 3,316,101 (+79.3%) Est. Cost $47.77 Unrealized +0.8%

LMND LEMONADE INC 4.8%

Value ($000) $130,017 (+93.6%) Shares 1,826,593 (+45.6%) Est. Cost $45.08 Unrealized +49.0%

MU MICRON TECHNOLOGY INC 4.3%

Value ($000) $117,213 (+82.0%) Shares 410,683 (+6.7%) Est. Cost $105.44 Unrealized +117.5%

DDOG DATADOG INC 3.3%

Value ($000) $89,525 (+114.8%) Shares 658,321 (+125.0%) Est. Cost $148.99 Unrealized +6.1%

COIN COINBASE GLOBAL INC 1.8%

Value ($000) $47,987 (+255.5%) Shares 212,200 (+430.5%) Est. Cost $238.74 Unrealized +24.8%

GOOG ALPHABET INC 1.3%

Value ($000) $34,832 (+1212.1%) Shares 111,000 (+918.3%) Est. Cost $276.19 Unrealized +3.7%

RBRK RUBRIK INC. 2.6%

Value ($000) $69,626 (+45.0%) Shares 910,382 (+55.9%) Est. Cost $81.83 Unrealized -6.3%

BMNR BITMINE IMMERSION TECNOLOGIE 1.2%

Value ($000) $32,507 (+138.5%) Shares 1,197,300 (+356.1%) Est. Cost $50.65 Unrealized -20.0%

META META PLATFORMS INC 2.3%

Value ($000) $62,821 (+35.6%) Shares 95,171 (+50.9%) Est. Cost $568.30 Unrealized +17.4%

AXON AXON ENTERPRISE INC 0.6%

Value ($000) $15,404 (+507.2%) Shares 27,123 (+667.3%) Est. Cost $601.92 Unrealized +3.1%

DUOL DUOLINGO INC 1.2%

Value ($000) $31,399 (-27.4%) Shares 178,910 (+33.2%) Est. Cost $297.62 Unrealized -20.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.3%

Value ($000) $116,314 (+10.1%) Shares 382,751 (+1.2%) Est. Cost $231.68 Unrealized —

IREN IREN LIMITED 9.6%

Value ($000) $262,199 (-3.6%) Shares 6,941,992 (+19.8%) Est. Cost $15.30 Unrealized +237.2%

AMZN AMAZON COM INC 1.1%

Value ($000) $28,619 (+47.3%) Shares 123,987 (+40.1%) Est. Cost $200.91 Unrealized +13.9%

AVGO BROADCOM INC 0.5%

Value ($000) $13,320 (+213.8%) Shares 38,485 (+199.1%) Est. Cost $309.71 Unrealized +15.3%

KSPI KASPI KZ JSC 2.9%

Value ($000) $79,232 (+10.2%) Shares 1,014,104 (+15.2%) Est. Cost $112.03 Unrealized —

REAL THE REALREAL INC 0.7%

Value ($000) $17,881 (+63.9%) Shares 1,133,140 (+10.4%) Est. Cost $7.93 Unrealized +64.6%

HOOD ROBINHOOD MKTS INC 3.5%

Value ($000) $94,391 (-6.8%) Shares 834,578 (+18.0%) Est. Cost $43.08 Unrealized +201.9%

GRND GRINDR INC 0.7%

Value ($000) $17,689 (+60.3%) Shares 1,306,412 (+77.8%) Est. Cost $10.03 Unrealized +35.6%

WULF TERAWULF INC 0.5%

Value ($000) $13,302 (+58.0%) Shares 1,157,735 (+57.1%) Est. Cost $8.26 Unrealized +62.4%

MSFT MICROSOFT CORP 1.6%

Value ($000) $43,570 (+11.8%) Shares 90,092 (+19.7%) Est. Cost $504.89 Unrealized -0.9%

MSFT MICROSOFT CORP 7.1%

Value ($000) $193,351 (+1.7%) Shares 399,800 (+8.9%) Est. Cost $504.89 Unrealized -0.9%

FIGR FIGURE TECHNOLOGY SOLUTIO 0.4%

Value ($000) $10,731 (+39.0%) Shares 262,752 (+23.8%) Est. Cost $39.07 Unrealized +2.4%

CMPS COMPASS PATHWAYS PLC 0.1%

Value ($000) $1,993 (+3588.9%) Shares 288,814 (+2963.4%) Est. Cost $6.86 Unrealized —

BAP CREDICORP LTD 0.2%

Value ($000) $4,865 (+58.3%) Shares 16,951 (+46.9%) Est. Cost $197.67 Unrealized +33.9%

TRVI TREVI THERAPEUTICS INC 0.1%

Value ($000) $1,628 (+2539.6%) Shares 130,000 (+1829.1%) Est. Cost $11.24 Unrealized +2.8%

RVMD REVOLUTION MEDICINES INC 0.1%

Value ($000) $1,466 (+1961.9%) Shares 18,400 (+1108.9%) Est. Cost $63.50 Unrealized +3.3%

OMDA OMADA HEALTH INC 0.5%

Value ($000) $14,837 (+8.8%) Shares 940,238 (+52.4%) Est. Cost $20.41 Unrealized -0.6%

CLSK CLEANSPARK INC 0.3%

Value ($000) $8,943 (-10.5%) Shares 883,654 (+28.2%) Est. Cost $12.40 Unrealized +20.8%

RIOT RIOT PLATFORMS INC 0.4%

Value ($000) $10,608 (+10.6%) Shares 837,281 (+66.1%) Est. Cost $13.25 Unrealized +29.1%

HUT HUT 8 CORP 0.1%

Value ($000) $2,527 (+61.3%) Shares 55,000 (+22.2%) Est. Cost $12.75 Unrealized +245.7%

IDYA IDEAYA BIOSCIENCES INC 0.0%

Value ($000) $584 (+611.2%) Shares 16,900 (+459.8%) Est. Cost $32.17 Unrealized -0.9%

BITF BITFARMS LTD 0.4%

Value ($000) $9,957 (+2.8%) Shares 4,236,912 (+23.3%) Est. Cost $2.01 Unrealized +70.0%

NFLX NETFLIX INC 0.0%

Value ($000) $716 (-6.5%) Shares 7,636 (+1095.0%) Est. Cost $107.44 Unrealized +0.3%

SE SEA LTD 0.0%

Value ($000) $1,246 (-2.5%) Shares 9,768 (+36.6%) Est. Cost $91.56 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value ($000) $2,101 (-1.0%) Shares 4,482 (+3.6%) Est. Cost $427.33 Unrealized +19.2%

NOW SERVICENOW INC 0.1%

Value ($000) $1,773 (-0.3%) Shares 11,575 (+499.1%) Est. Cost $174.39 Unrealized -1.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OSCR	OSCAR HEALTH INC	6,186,267 (+545.0%)	$88,897 (+389.6%)	3.3%	$17.11	+1.1%	CL A	687793109
HNGE	HINGE HEALTH INC	3,316,101 (+79.3%)	$154,033 (+69.7%)	5.7%	$47.77	+0.8%	CL A	433313103
LMND	LEMONADE INC	1,826,593 (+45.6%)	$130,017 (+93.6%)	4.8%	$45.08	+49.0%	COM	52567D107
MU	MICRON TECHNOLOGY INC	410,683 (+6.7%)	$117,213 (+82.0%)	4.3%	$105.44	+117.5%	COM	595112103
DDOG	DATADOG INC	658,321 (+125.0%)	$89,525 (+114.8%)	3.3%	$148.99	+6.1%	CL A COM	23804L103
COIN	COINBASE GLOBAL INC	212,200 (+430.5%)	$47,987 (+255.5%)	1.8%	$238.74	+24.8%	CALL	19260Q107
GOOG	ALPHABET INC	111,000 (+918.3%)	$34,832 (+1212.1%)	1.3%	$276.19	+3.7%	CAP STK CL C	02079K107
RBRK	RUBRIK INC.	910,382 (+55.9%)	$69,626 (+45.0%)	2.6%	$81.83	-6.3%	CL A	781154109
BMNR	BITMINE IMMERSION TECNOLOGIE	1,197,300 (+356.1%)	$32,507 (+138.5%)	1.2%	$50.65	-20.0%	CALL	09175A206
META	META PLATFORMS INC	95,171 (+50.9%)	$62,821 (+35.6%)	2.3%	$568.30	+17.4%	CL A	30303M102
AXON	AXON ENTERPRISE INC	27,123 (+667.3%)	$15,404 (+507.2%)	0.6%	$601.92	+3.1%	COM	05464C101
DUOL	DUOLINGO INC	178,910 (+33.2%)	$31,399 (-27.4%)	1.2%	$297.62	-20.8%	CL A COM	26603R106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	382,751 (+1.2%)	$116,314 (+10.1%)	4.3%	$231.68	—	SPONSORED ADS	874039100
IREN	IREN LIMITED	6,941,992 (+19.8%)	$262,199 (-3.6%)	9.6%	$15.30	+237.2%	ORDINARY SHARES	Q4982L109
AMZN	AMAZON COM INC	123,987 (+40.1%)	$28,619 (+47.3%)	1.1%	$200.91	+13.9%	COM	023135106
AVGO	BROADCOM INC	38,485 (+199.1%)	$13,320 (+213.8%)	0.5%	$309.71	+15.3%	COM	11135F101
KSPI	KASPI KZ JSC	1,014,104 (+15.2%)	$79,232 (+10.2%)	2.9%	$112.03	—	SPONSORED ADS	48581R205
REAL	THE REALREAL INC	1,133,140 (+10.4%)	$17,881 (+63.9%)	0.7%	$7.93	+64.6%	COM	88339P101
HOOD	ROBINHOOD MKTS INC	834,578 (+18.0%)	$94,391 (-6.8%)	3.5%	$43.08	+201.9%	COM CL A	770700102
GRND	GRINDR INC	1,306,412 (+77.8%)	$17,689 (+60.3%)	0.7%	$10.03	+35.6%	COM	39854F101
WULF	TERAWULF INC	1,157,735 (+57.1%)	$13,302 (+58.0%)	0.5%	$8.26	+62.4%	COM	88080T104
MSFT	MICROSOFT CORP	90,092 (+19.7%)	$43,570 (+11.8%)	1.6%	$504.89	-0.9%	COM	594918104
MSFT	MICROSOFT CORP	399,800 (+8.9%)	$193,351 (+1.7%)	7.1%	$504.89	-0.9%	CALL	594918104
FIGR	FIGURE TECHNOLOGY SOLUTIO	262,752 (+23.8%)	$10,731 (+39.0%)	0.4%	$39.07	+2.4%	COM CL A	349381103
CMPS	COMPASS PATHWAYS PLC	288,814 (+2963.4%)	$1,993 (+3588.9%)	0.1%	$6.86	—	SPONSORED ADS	20451W101
BAP	CREDICORP LTD	16,951 (+46.9%)	$4,865 (+58.3%)	0.2%	$197.67	+33.9%	COM	G2519Y108
TRVI	TREVI THERAPEUTICS INC	130,000 (+1829.1%)	$1,628 (+2539.6%)	0.1%	$11.24	+2.8%	COM	89532M101
RVMD	REVOLUTION MEDICINES INC	18,400 (+1108.9%)	$1,466 (+1961.9%)	0.1%	$63.50	+3.3%	COM	76155X100
OMDA	OMADA HEALTH INC	940,238 (+52.4%)	$14,837 (+8.8%)	0.5%	$20.41	-0.6%	COM	68170A108
CLSK	CLEANSPARK INC	883,654 (+28.2%)	$8,943 (-10.5%)	0.3%	$12.40	+20.8%	COM NEW	18452B209
RIOT	RIOT PLATFORMS INC	837,281 (+66.1%)	$10,608 (+10.6%)	0.4%	$13.25	+29.1%	COM	767292105
HUT	HUT 8 CORP	55,000 (+22.2%)	$2,527 (+61.3%)	0.1%	$12.75	+245.7%	CALL	44812J104
IDYA	IDEAYA BIOSCIENCES INC	16,900 (+459.8%)	$584 (+611.2%)	0.0%	$32.17	-0.9%	COM	45166A102
BITF	BITFARMS LTD	4,236,912 (+23.3%)	$9,957 (+2.8%)	0.4%	$2.01	+70.0%	COM	09173B107
NFLX	NETFLIX INC	7,636 (+1095.0%)	$716 (-6.5%)	0.0%	$107.44	+0.3%	COM	64110L106
SE	SEA LTD	9,768 (+36.6%)	$1,246 (-2.5%)	0.0%	$91.56	—	SPONSORD ADS	81141R100
CRWD	CROWDSTRIKE HLDGS INC	4,482 (+3.6%)	$2,101 (-1.0%)	0.1%	$427.33	+19.2%	CL A	22788C105
NOW	SERVICENOW INC	11,575 (+499.1%)	$1,773 (-0.3%)	0.1%	$174.39	-1.6%	COM	81762P102

Exited Positions (41)

META META PLATFORMS INC 4.9%

Value ($000) $133,143 Shares 181,300 Est. Cost $568.30 Unrealized +17.4%

GOOGL ALPHABET INC 2.3%

Value ($000) $63,619 Shares 261,700 Est. Cost $285.60 Unrealized 0.0%

GOOG ALPHABET INC 2.3%

Value ($000) $61,789 Shares 253,700 Est. Cost $276.19 Unrealized +3.7%

SBET SHARPLINK GAMING INC 0.8%

Value ($000) $20,681 Shares 1,215,819 Est. Cost $16.65 Unrealized -26.6%

CRCL CIRCLE INTERNET GROUP INC 0.5%

Value ($000) $14,451 Shares 109,000 Est. Cost $103.35 Unrealized 0.0%

APLD APPLIED DIGITAL CORP 0.5%

Value ($000) $13,764 Shares 600,000 Est. Cost $28.80 Unrealized 0.0%

AMD ADVANCED MICRO DEVICES INC 0.2%

Value ($000) $6,472 Shares 40,000 Est. Cost $109.02 Unrealized +106.0%

MSTR STRATEGY INC 0.2%

Value ($000) $5,840 Shares 18,125 Est. Cost $367.46 Unrealized -37.3%

RIOT RIOT PLATFORMS INC 0.2%

Value ($000) $4,758 Shares 250,000 Est. Cost $13.25 Unrealized +29.1%

MARA MARA HOLDINGS INC 0.2%

Value ($000) $4,748 Shares 260,000 Est. Cost — Unrealized —

CORZ CORE SCIENTIFIC INC NEW 0.2%

Value ($000) $4,491 Shares 250,353 Est. Cost $9.73 Unrealized +79.2%

HEPS D MARKET ELECTR SVCS & TRADI 0.2%

Value ($000) $4,137 Shares 1,538,011 Est. Cost $3.01 Unrealized —

CLSK CLEANSPARK INC 0.1%

Value ($000) $4,060 Shares 280,000 Est. Cost $12.40 Unrealized +20.8%

BTDR BITDEER TECHNOLOGIES GROUP 0.1%

Value ($000) $3,931 Shares 230,000 Est. Cost $14.04 Unrealized +14.8%

BNC CEA INDUSTRIES INC 0.1%

Value ($000) $3,643 Shares 467,067 Est. Cost $16.76 Unrealized -58.1%

RDDT REDDIT INC 0.1%

Value ($000) $2,760 Shares 12,000 Est. Cost $204.09 Unrealized +3.0%

NXDR NEXTDOOR HOLDINGS INC 0.1%

Value ($000) $2,492 Shares 1,192,494 Est. Cost $1.94 Unrealized +1.1%

WIX WIX.COM LTD 0.1%

Value ($000) $2,047 Shares 11,526 Est. Cost $150.49 Unrealized -19.7%

TSLA TESLA INC 0.1%

Value ($000) $1,701 Shares 3,824 Est. Cost $346.84 Unrealized +27.8%

BLSH BULLISH 0.1%

Value ($000) $1,462 Shares 22,980 Est. Cost $61.33 Unrealized -20.6%

GEMI GEMINI SPACE STA INC 0.1%

Value ($000) $1,441 Shares 60,133 Est. Cost $25.81 Unrealized -39.6%

NAKA KINDLY MD INC 0.0%

Value ($000) $1,102 Shares 1,029,889 Est. Cost $7.93 Unrealized -91.8%

SUIG SUI GROUP HOLDINGS LIMITED 0.0%

Value ($000) $619 Shares 160,320 Est. Cost $4.52 Unrealized -42.8%

— SONNET BIOTHERAPEUTICS HLDNG I 0.0%

Value ($000) $221 Shares 48,358 Est. Cost $4.58 Unrealized —

VRDN VIRIDIAN THERAPEUTICS INC 0.0%

Value ($000) $130 Shares 6,005 Est. Cost $19.78 Unrealized +38.7%

BEAM BEAM THERAPEUTICS INC 0.0%

Value ($000) $82 Shares 3,390 Est. Cost $25.52 Unrealized -0.0%

IMNM IMMUNOME INC 0.0%

Value ($000) $69 Shares 5,927 Est. Cost $9.95 Unrealized +76.4%

CYTK CYTOKINETICS INC 0.0%

Value ($000) $69 Shares 1,254 Est. Cost $34.78 Unrealized +78.8%

— ATAI LIFE SCIENCES NV 0.0%

Value ($000) $66 Shares 12,501 Est. Cost $1.36 Unrealized —

ELVN ENLIVEN THERAPEUTICS INC 0.0%

Value ($000) $65 Shares 3,181 Est. Cost $21.52 Unrealized -7.4%

IMCR IMMUNOCORE HLDGS PLC 0.0%

Value ($000) $64 Shares 1,771 Est. Cost $35.13 Unrealized —

AGIO AGIOS PHARMACEUTICALS INC 0.0%

Value ($000) $63 Shares 1,571 Est. Cost $33.17 Unrealized +5.8%

— AKERO THERAPEUTICS INC 0.0%

Value ($000) $60 Shares 1,261 Est. Cost $40.48 Unrealized —

FULC FULCRUM THERAPEUTICS INC 0.0%

Value ($000) $56 Shares 6,090 Est. Cost $5.74 Unrealized +77.3%

BBIO BRIDGEBIO PHARMA INC 0.0%

Value ($000) $55 Shares 1,056 Est. Cost $31.29 Unrealized +109.8%

CTMX CYTOMX THERAPEUTICS INC 0.0%

Value ($000) $52 Shares 16,285 Est. Cost $2.25 Unrealized +68.7%

SRRK SCHOLAR ROCK HLDG CORP 0.0%

Value ($000) $40 Shares 1,075 Est. Cost $12.72 Unrealized +195.0%

ARGX ARGENX SE 0.0%

Value ($000) $37 Shares 50 Est. Cost $433.84 Unrealized —

KLAR KLARNA GROUP PLC 0.0%

Value ($000) $37 Shares 1,000 Est. Cost $42.59 Unrealized -19.4%

— MIND MEDICINE MINDMED INC 0.0%

Value ($000) $26 Shares 2,245 Est. Cost $11.79 Unrealized —

AVTX AVALO THERAPEUTICS INC 0.0%

Value ($000) $25 Shares 1,929 Est. Cost $8.60 Unrealized +96.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	181,300	$133,143	4.9%	$568.30	+17.4%	CALL	30303M102
GOOGL	ALPHABET INC	261,700	$63,619	2.3%	$285.60	0.0%	CALL	02079K305
GOOG	ALPHABET INC	253,700	$61,789	2.3%	$276.19	+3.7%	CALL	02079K107
SBET	SHARPLINK GAMING INC	1,215,819	$20,681	0.8%	$16.65	-26.6%	—	820014405
CRCL	CIRCLE INTERNET GROUP INC	109,000	$14,451	0.5%	$103.35	0.0%	PUT	172573107
APLD	APPLIED DIGITAL CORP	600,000	$13,764	0.5%	$28.80	0.0%	PUT	038169207
AMD	ADVANCED MICRO DEVICES INC	40,000	$6,472	0.2%	$109.02	+106.0%	CALL	007903107
MSTR	STRATEGY INC	18,125	$5,840	0.2%	$367.46	-37.3%	—	594972408
RIOT	RIOT PLATFORMS INC	250,000	$4,758	0.2%	$13.25	+29.1%	CALL	767292105
MARA	MARA HOLDINGS INC	260,000	$4,748	0.2%	—	—	CALL	565788106
CORZ	CORE SCIENTIFIC INC NEW	250,353	$4,491	0.2%	$9.73	+79.2%	—	21874A106
HEPS	D MARKET ELECTR SVCS & TRADI	1,538,011	$4,137	0.2%	$3.01	—	—	23292B104
CLSK	CLEANSPARK INC	280,000	$4,060	0.1%	$12.40	+20.8%	CALL	18452B209
BTDR	BITDEER TECHNOLOGIES GROUP	230,000	$3,931	0.1%	$14.04	+14.8%	CALL	G11448100
BNC	CEA INDUSTRIES INC	467,067	$3,643	0.1%	$16.76	-58.1%	—	86887P309
RDDT	REDDIT INC	12,000	$2,760	0.1%	$204.09	+3.0%	CALL	75734B100
NXDR	NEXTDOOR HOLDINGS INC	1,192,494	$2,492	0.1%	$1.94	+1.1%	—	65345M108
WIX	WIX.COM LTD	11,526	$2,047	0.1%	$150.49	-19.7%	—	M98068105
TSLA	TESLA INC	3,824	$1,701	0.1%	$346.84	+27.8%	—	88160R101
BLSH	BULLISH	22,980	$1,462	0.1%	$61.33	-20.6%	—	G16910120
GEMI	GEMINI SPACE STA INC	60,133	$1,441	0.1%	$25.81	-39.6%	—	36866J105
NAKA	KINDLY MD INC	1,029,889	$1,102	0.0%	$7.93	-91.8%	—	49457M106
SUIG	SUI GROUP HOLDINGS LIMITED	160,320	$619	0.0%	$4.52	-42.8%	—	59982U200
—	SONNET BIOTHERAPEUTICS HLDNG I	48,358	$221	0.0%	$4.58	—	—	83548R402
VRDN	VIRIDIAN THERAPEUTICS INC	6,005	$130	0.0%	$19.78	+38.7%	—	92790C104
BEAM	BEAM THERAPEUTICS INC	3,390	$82	0.0%	$25.52	-0.0%	—	07373V105
IMNM	IMMUNOME INC	5,927	$69	0.0%	$9.95	+76.4%	—	45257U108
CYTK	CYTOKINETICS INC	1,254	$69	0.0%	$34.78	+78.8%	—	23282W605
—	ATAI LIFE SCIENCES NV	12,501	$66	0.0%	$1.36	—	—	N0731H103
ELVN	ENLIVEN THERAPEUTICS INC	3,181	$65	0.0%	$21.52	-7.4%	—	29337E102
IMCR	IMMUNOCORE HLDGS PLC	1,771	$64	0.0%	$35.13	—	—	45258D105
AGIO	AGIOS PHARMACEUTICALS INC	1,571	$63	0.0%	$33.17	+5.8%	—	00847X104
—	AKERO THERAPEUTICS INC	1,261	$60	0.0%	$40.48	—	—	00973Y108
FULC	FULCRUM THERAPEUTICS INC	6,090	$56	0.0%	$5.74	+77.3%	—	359616109
BBIO	BRIDGEBIO PHARMA INC	1,056	$55	0.0%	$31.29	+109.8%	—	10806X102
CTMX	CYTOMX THERAPEUTICS INC	16,285	$52	0.0%	$2.25	+68.7%	—	23284F105
SRRK	SCHOLAR ROCK HLDG CORP	1,075	$40	0.0%	$12.72	+195.0%	—	80706P103
ARGX	ARGENX SE	50	$37	0.0%	$433.84	—	—	04016X101
KLAR	KLARNA GROUP PLC	1,000	$37	0.0%	$42.59	-19.4%	—	G5279N105
—	MIND MEDICINE MINDMED INC	2,245	$26	0.0%	$11.79	—	—	60255C885
AVTX	AVALO THERAPEUTICS INC	1,929	$25	0.0%	$8.60	+96.3%	—	05338F306

Decreased Positions (29)

HIMS HIMS & HERS HEALTH INC 0.4%

Value ($000) $12,219 (-90.3%) Shares 376,328 (-83.0%) Est. Cost $30.47 Unrealized +40.6%

BMNR BITMINE IMMERSION TECNOLOGIE 0.4%

Value ($000) $9,642 (-89.7%) Shares 355,139 (-80.2%) Est. Cost $50.65 Unrealized -20.0%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $3,737 (-95.6%) Shares 25,495 (-94.6%) Est. Cost $178.07 Unrealized —

CVNA CARVANA CO 0.0%

Value ($000) $466 (-99.2%) Shares 1,105 (-99.3%) Est. Cost $220.87 Unrealized +68.3%

AMZN AMAZON COM INC 2.2%

Value ($000) $59,805 (-47.5%) Shares 259,100 (-50.1%) Est. Cost $200.91 Unrealized +13.9%

RDDT REDDIT INC 4.8%

Value ($000) $129,514 (-26.9%) Shares 563,421 (-26.8%) Est. Cost $204.09 Unrealized +3.0%

MSTR STRATEGY INC 0.3%

Value ($000) $9,132 (-83.8%) Shares 60,100 (-65.7%) Est. Cost $367.46 Unrealized -37.3%

SNOW SNOWFLAKE INC 0.0%

Value ($000) $983 (-97.4%) Shares 4,481 (-97.4%) Est. Cost $214.74 Unrealized +13.7%

COIN COINBASE GLOBAL INC 0.4%

Value ($000) $12,056 (-68.1%) Shares 53,312 (-52.5%) Est. Cost $238.74 Unrealized +24.8%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value ($000) $16,721 (-60.2%) Shares 78,076 (-69.9%) Est. Cost $109.02 Unrealized +106.0%

PDD PDD HOLDINGS INC 0.0%

Value ($000) $607 (-97.5%) Shares 5,356 (-97.1%) Est. Cost $117.38 Unrealized —

TTD THE TRADE DESK INC 0.0%

Value ($000) $77 (-99.6%) Shares 2,039 (-99.5%) Est. Cost $63.85 Unrealized -30.6%

HUT HUT 8 CORP 3.5%

Value ($000) $95,920 (+26.5%) Shares 2,087,941 (-4.1%) Est. Cost $12.75 Unrealized +245.7%

CIFR CIPHER MINING INC 0.5%

Value ($000) $13,688 (-55.4%) Shares 927,393 (-62.0%) Est. Cost $3.90 Unrealized +352.9%

AFRM AFFIRM HLDGS INC 0.0%

Value ($000) $1,078 (-93.8%) Shares 14,482 (-93.9%) Est. Cost $59.25 Unrealized +21.5%

PANW PALO ALTO NETWORKS INC 1.0%

Value ($000) $26,359 (-26.8%) Shares 143,101 (-19.0%) Est. Cost $191.17 Unrealized +5.5%

NVDA NVIDIA CORPORATION 2.6%

Value ($000) $71,165 (-9.7%) Shares 381,582 (-9.6%) Est. Cost $125.30 Unrealized +48.5%

GLXY GALAXY DIGITAL INC. 0.2%

Value ($000) $5,273 (-51.5%) Shares 235,812 (-26.7%) Est. Cost $20.30 Unrealized +52.6%

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $57 (-98.8%) Shares 200 (-99.3%) Est. Cost $105.44 Unrealized +117.5%

BTDR BITDEER TECHNOLOGIES GROUP 0.1%

Value ($000) $1,729 (-68.1%) Shares 154,278 (-51.3%) Est. Cost $14.04 Unrealized +14.8%

IREN IREN LIMITED 0.2%

Value ($000) $5,193 (-28.6%) Shares 137,500 (-11.3%) Est. Cost $15.30 Unrealized +237.2%

SOFI SOFI TECHNOLOGIES INC 0.0%

Value ($000) $44 (-96.0%) Shares 1,693 (-96.0%) Est. Cost $13.19 Unrealized +111.2%

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $54 (-88.8%) Shares 659 (-86.6%) Est. Cost $57.27 Unrealized +57.2%

XMTR XOMETRY INC 0.2%

Value ($000) $6,527 (+5.4%) Shares 109,753 (-3.4%) Est. Cost $30.76 Unrealized +83.3%

ABNB AIRBNB INC 0.0%

Value ($000) $56 (-85.1%) Shares 415 (-86.6%) Est. Cost $132.50 Unrealized -6.0%

ISRG INTUITIVE SURGICAL INC 0.0%

Value ($000) $20 (-94.1%) Shares 35 (-95.3%) Est. Cost $520.47 Unrealized +2.3%

GTM ZOOMINFO TECHNOLOGIES INC 0.0%

Value ($000) $20 (-93.5%) Shares 2,005 (-93.0%) Est. Cost $10.46 Unrealized -1.5%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $1,944 (-4.1%) Shares 6,034 (-6.1%) Est. Cost $237.44 Unrealized +30.4%

SHOP SHOPIFY INC 1.0%

Value ($000) $28,041 (-0.0%) Shares 174,201 (-7.7%) Est. Cost $115.41 Unrealized +39.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HIMS	HIMS & HERS HEALTH INC	376,328 (-83.0%)	$12,219 (-90.3%)	0.4%	$30.47	+40.6%	COM CL A	433000106
BMNR	BITMINE IMMERSION TECNOLOGIE	355,139 (-80.2%)	$9,642 (-89.7%)	0.4%	$50.65	-20.0%	COM NEW	09175A206
BABA	ALIBABA GROUP HLDG LTD	25,495 (-94.6%)	$3,737 (-95.6%)	0.1%	$178.07	—	SPONSORED ADS	01609W102
CVNA	CARVANA CO	1,105 (-99.3%)	$466 (-99.2%)	0.0%	$220.87	+68.3%	CL A	146869102
AMZN	AMAZON COM INC	259,100 (-50.1%)	$59,805 (-47.5%)	2.2%	$200.91	+13.9%	CALL	023135106
RDDT	REDDIT INC	563,421 (-26.8%)	$129,514 (-26.9%)	4.8%	$204.09	+3.0%	CL A	75734B100
MSTR	STRATEGY INC	60,100 (-65.7%)	$9,132 (-83.8%)	0.3%	$367.46	-37.3%	CALL	594972408
SNOW	SNOWFLAKE INC	4,481 (-97.4%)	$983 (-97.4%)	0.0%	$214.74	+13.7%	COM SHS	833445109
COIN	COINBASE GLOBAL INC	53,312 (-52.5%)	$12,056 (-68.1%)	0.4%	$238.74	+24.8%	COM CL A	19260Q107
AMD	ADVANCED MICRO DEVICES INC	78,076 (-69.9%)	$16,721 (-60.2%)	0.6%	$109.02	+106.0%	COM	007903107
PDD	PDD HOLDINGS INC	5,356 (-97.1%)	$607 (-97.5%)	0.0%	$117.38	—	SPONSORED ADS	722304102
TTD	THE TRADE DESK INC	2,039 (-99.5%)	$77 (-99.6%)	0.0%	$63.85	-30.6%	COM CL A	88339J105
HUT	HUT 8 CORP	2,087,941 (-4.1%)	$95,920 (+26.5%)	3.5%	$12.75	+245.7%	COM	44812J104
CIFR	CIPHER MINING INC	927,393 (-62.0%)	$13,688 (-55.4%)	0.5%	$3.90	+352.9%	COM	17253J106
AFRM	AFFIRM HLDGS INC	14,482 (-93.9%)	$1,078 (-93.8%)	0.0%	$59.25	+21.5%	COM CL A	00827B106
PANW	PALO ALTO NETWORKS INC	143,101 (-19.0%)	$26,359 (-26.8%)	1.0%	$191.17	+5.5%	COM	697435105
NVDA	NVIDIA CORPORATION	381,582 (-9.6%)	$71,165 (-9.7%)	2.6%	$125.30	+48.5%	COM	67066G104
GLXY	GALAXY DIGITAL INC.	235,812 (-26.7%)	$5,273 (-51.5%)	0.2%	$20.30	+52.6%	CL A	36317J209
MU	MICRON TECHNOLOGY INC	200 (-99.3%)	$57 (-98.8%)	0.0%	$105.44	+117.5%	CALL	595112103
BTDR	BITDEER TECHNOLOGIES GROUP	154,278 (-51.3%)	$1,729 (-68.1%)	0.1%	$14.04	+14.8%	CL A ORD SHS	G11448100
IREN	IREN LIMITED	137,500 (-11.3%)	$5,193 (-28.6%)	0.2%	$15.30	+237.2%	CALL	Q4982L109
SOFI	SOFI TECHNOLOGIES INC	1,693 (-96.0%)	$44 (-96.0%)	0.0%	$13.19	+111.2%	COM	83406F102
UBER	UBER TECHNOLOGIES INC	659 (-86.6%)	$54 (-88.8%)	0.0%	$57.27	+57.2%	COM	90353T100
XMTR	XOMETRY INC	109,753 (-3.4%)	$6,527 (+5.4%)	0.2%	$30.76	+83.3%	CLASS A COM	98423F109
ABNB	AIRBNB INC	415 (-86.6%)	$56 (-85.1%)	0.0%	$132.50	-6.0%	COM CL A	009066101
ISRG	INTUITIVE SURGICAL INC	35 (-95.3%)	$20 (-94.1%)	0.0%	$520.47	+2.3%	COM NEW	46120E602
GTM	ZOOMINFO TECHNOLOGIES INC	2,005 (-93.0%)	$20 (-93.5%)	0.0%	$10.46	-1.5%	COMMON STOCK	98980F104
JPM	JPMORGAN CHASE & CO.	6,034 (-6.1%)	$1,944 (-4.1%)	0.1%	$237.44	+30.4%	COM	46625H100
SHOP	SHOPIFY INC	174,201 (-7.7%)	$28,041 (-0.0%)	1.0%	$115.41	+39.1%	CL A SUB VTG SHS	82509L107

Unchanged Positions (2)

GRAB GRAB HOLDINGS LIMITED 0.6%

Value ($000) $16,894 Shares 3,385,500 Est. Cost $5.05 Unrealized +9.5%

BBD BANCO BRADESCO S A 0.5%

Value ($000) $14,323 Shares 4,301,200 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRAB	GRAB HOLDINGS LIMITED	3,385,500	$16,894	0.6%	$5.05	+9.5%	CLASS A ORD	G4124C109
BBD	BANCO BRADESCO S A	4,301,200	$14,323	0.5%	—	—	PUT	059460303