CoinFund Management LLC Concentrated Active

CIK: 0002087493 · Show all filings

Period: Q4 2025

Filing Date: Feb 17, 2026

Total Value ($000): $58,146 (100.0% shares, 0.0% debt)

Holdings (16)

ORBS EIGHTCO HOLDINGS INC 50.9%

Value ($000) $29,623 Shares 17,123,288 Est. Cost $4.69 Unrealized 0.0%

BMNR BITMINE IMMERSION TECNOLOGIE 22.3%

Value ($000) $12,942 Shares 476,667 Est. Cost $40.53 Unrealized 0.0%

MLAC MOUNTAIN LAKE ACQUISITION CO 8.2%

Value ($000) $4,794 Shares 461,000 Est. Cost $10.42 Unrealized 0.0%

HSDT SOLANA CO 3.6%

Value ($000) $2,100 Shares 726,638 Est. Cost $6.60 Unrealized 0.0%

ETHM DYNAMIX CORP 2.9%

Value ($000) $1,708 Shares 166,000 Est. Cost $10.37 Unrealized 0.0%

AVX AVAX ONE TECHNOLOGY LTD 2.8%

Value ($000) $1,600 Shares 1,059,320 Est. Cost $2.42 Unrealized 0.0%

IBIT ISHARES BITCOIN TRUST ETF 2.2%

Value ($000) $1,305 Shares 26,280 Est. Cost $49.65 Unrealized —

MLACU MOUNTAIN LAKE ACQUISITION CO 1.9%

Value ($000) $1,115 Shares 105,000 Est. Cost $10.62 Unrealized —

SVRN OCEANPAL INC 1.6%

Value ($000) $953 Shares 882,354 Est. Cost $1.42 Unrealized 0.0%

BKKT BAKKT HOLDINGS INC 1.0%

Value ($000) $555 Shares 55,255 Est. Cost $22.11 Unrealized 0.0%

FCRS/WS FUTURECREST ACQUISITION CORP 0.8%

Value ($000) $455 Shares 450,000 Est. Cost $1.01 Unrealized —

STSS SHARPS TECHNOLOGY INC 0.8%

Value ($000) $437 Shares 215,385 Est. Cost $3.86 Unrealized 0.0%

GNLN GREENLANE HLDGS INC 0.5%

Value ($000) $266 Shares 169,704 Est. Cost $3.17 Unrealized 0.0%

FCRS FUTURECREST ACQUISITION CORP 0.4%

Value ($000) $253 Shares 25,000 Est. Cost $10.11 Unrealized 0.0%

BNCWW CEA INDUSTRIES INC 0.0%

Value ($000) $27 Shares 495,049 Est. Cost $0.06 Unrealized —

IPST HERITAGE DISTILLING HLDG CO 0.0%

Value ($000) $14 Shares 8,687 Est. Cost $9.28 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORBS	EIGHTCO HOLDINGS INC	17,123,288	$29,623	50.9%	$4.69	0.0%	COM	22890A302
BMNR	BITMINE IMMERSION TECNOLOGIE	476,667	$12,942	22.3%	$40.53	0.0%	COM NEW	09175A206
MLAC	MOUNTAIN LAKE ACQUISITION CO	461,000	$4,794	8.2%	$10.42	0.0%	SHS CL A	G6301B101
HSDT	SOLANA CO	726,638	$2,100	3.6%	$6.60	0.0%	COM CL A NEW	42328V876
ETHM	DYNAMIX CORP	166,000	$1,708	2.9%	$10.37	0.0%	SHS CL A	G2949D104
AVX	AVAX ONE TECHNOLOGY LTD	1,059,320	$1,600	2.8%	$2.42	0.0%	COM SHS	05353F108
IBIT	ISHARES BITCOIN TRUST ETF	26,280	$1,305	2.2%	$49.65	—	SHS BEN INT	46438F101
MLACU	MOUNTAIN LAKE ACQUISITION CO	105,000	$1,115	1.9%	$10.62	—	UNIT 11/15/2028	G6301B119
SVRN	OCEANPAL INC	882,354	$953	1.6%	$1.42	0.0%	COM NEW	Y6430L301
BKKT	BAKKT HOLDINGS INC	55,255	$555	1.0%	$22.11	0.0%	COM CL A NEW	05759B305
FCRS/WS	FUTURECREST ACQUISITION CORP	450,000	$455	0.8%	$1.01	—	*W EXP 09/30/203	G3730U115
STSS	SHARPS TECHNOLOGY INC	215,385	$437	0.8%	$3.86	0.0%	COM	82003F309
GNLN	GREENLANE HLDGS INC	169,704	$266	0.5%	$3.17	0.0%	CL A NEW	395330509
FCRS	FUTURECREST ACQUISITION CORP	25,000	$253	0.4%	$10.11	0.0%	CL A ORD SHS	G3730U107
BNCWW	CEA INDUSTRIES INC	495,049	$27	0.0%	$0.06	—	*W EXP 02/11/202	86887P119
IPST	HERITAGE DISTILLING HLDG CO	8,687	$14	0.0%	$9.28	0.0%	COM	42727R203