In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), ParaFi Capital LP reported 17 stock positions worth $262.4 million . Its top holding was Bitwise Bitcoin ETF (BITB) at 20.6% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 20.4% ) and iShares Bitcoin Trust ETF (IBIT, 19.2% ). Compared with Q1 2026, it opened 6 new positions, sold out of 4, added to 6 and reduced 1. The biggest buy was a new position in Bitmine Immersion Technologi (BMNR) and the biggest sale an exit from Sharplink (SBET).
Location NEW YORK, NY
CIK 0001919332
Portfolio Value $262.4M (Q2 2026) Holdings 17 stocks · $262.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 BITB Bitwise Bitcoin ETF 1,700,000 $54.2M No change FBTC Fidelity Wise Origin Bitcoin 1,050,000 $53.6M No change IBIT iShares Bitcoin Trust ETF 1,517,172 $50.5M Add +3.8% HOOD Robinhood Markets Inc. Class A 250,000 $25.1M Add +126.2% BMNR Bitmine Immersion Technologi 235,000 $19.0M New CRCL Circle Internet Group Inc. 300,000 $18.8M Add +81.8% GEMI Gemini Space Station Inc. Class A 3,428,888 $14.6M Add +430.7% BTC Grayscale Bitcoin Mini ETF 520,000 $13.5M No change SKYA Skyai Inc. 2,150,180 $2.4M Add +87.0% CORZ Core Scientific Inc. 85,555 $2.2M Reduce -83.2% COIN Coinbase Global Inc. Class A 13,484 $2.0M Add +3.7% BTGO Bitgo Holdings Inc. Class A 374,400 $1.9M New SPY SS SPDR S&P 500 ETF Trust-US 1,961 $1.5M New AVAT Avalanche Treasury Corp. Class A 2,802,748 $1.4M New USDE Stablecoinx Inc. 411,900 $1.1M New FWDI Forward Industries Inc. 162,164 $684K No change MSTR Strategy Inc. 1 $87 New
Options reported separately and not counted above: ISHARES BITCOIN TRUST ETF calls ($74.8M), CIRCLE INTERNET GROUP INC calls ($5.9M), CME GROUP INC calls ($883K).
Other holdings (4): bonds, preferreds, convertibles and warrants · $17.2M (not counted above) Total filed on the 13F, all lines: $279.6M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ SBET Sharplink Inc. Sold out 0.00% −9.03 ASST Strive Inc. Class A Sold out 0.00% −5.61 CORZ Core Scientific Inc. Reduce -83.2% 0.83% −1.90 CRWV Coreweave Inc. Class A Sold out 0.00% −1.03 TONX Ton Strategy Co. Sold out 0.00% −0.04
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ BMNR Bitmine Immersion Technologi New 7.26% +7.26 HOOD Robinhood Markets Inc. Class A Add +126.2% 9.55% +6.81 GEMI Gemini Space Station Inc. Class A Add +430.7% 5.57% +4.54 CRCL Circle Internet Group Inc. Add +81.8% 7.16% +1.51 BTGO Bitgo Holdings Inc. Class A New 0.74% +0.74 SPY SS SPDR S&P 500 ETF Trust-US New 0.56% +0.56 AVAT Avalanche Treasury Corp. Class A New 0.53% +0.53 USDE Stablecoinx Inc. New 0.43% +0.43 SKYA Skyai Inc. Add +87.0% 0.91% +0.22 MSTR Strategy Inc. New 0.00% 0.00 COIN Coinbase Global Inc. Class A Add +3.7% 0.75% −0.06 IBIT iShares Bitcoin Trust ETF Add +3.8% 19.24% −0.88
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ ISHARES BITCOIN TRUST ETF call Reduce -30.8% 2,247,100 $74.8M ISHARES ETHEREUM TR put Sold out 599,600 $9.5Mbefore exit CME GROUP INC call New 4,000 $883K ISHARES BITCOIN TRUST ETF put Sold out 20,000 $768Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Reduce -47.0% 228,319 $13.4M SEMLER SCIENTIFIC INC (SMLR 4.25 08/01/30) NOTE 4.250% 8/0 · principal Sold out 4,602,000 $4.5Mbefore exit SKYAW Sharps Technology Inc. -27 *W EXP 04/13/202 Sold out 2,542,308 $4.3Mbefore exit STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal New 2,000,000 $2.0M STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal New 2,000,000 $1.7M DFDVW Defi Development Corp. *W EXP 01/21/202 New 21,634 $6K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 17 $262.4M BITB, FBTC, IBIT, HOOD, BMNR Q1 2026 15 $278.9M BITB, FBTC, IBIT, SBET, CRCL Q4 2025 13 $336.6M BITB, FBTC, IBIT, SBET, BTC Q3 2025 10 $454.6M BITB, FBTC, IBIT, SBET, BTC Q2 2025 11 $545.3M BITB, IBIT, FBTC, CORZ, SBET Q1 2025 7 $205.2M IBIT, FBTC, ETHW, CORZ, BTC Q4 2024 9 $417.3M IBIT, BITB, FBTC, ETHW, CORZ