In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), ParaFi Capital LP reported 15 stock positions worth $278.9 million . Its top holding was Bitwise Bitcoin ETF (BITB) at 22.4% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 22.2% ) and iShares Bitcoin Trust ETF (IBIT, 20.1% ). Compared with Q4 2025, it opened 6 new positions, sold out of 4, added to 2 and reduced 5. The biggest buy was a new position in Strive Class A (ASST) and the biggest sale Bitwise Bitcoin ETF (BITB, shares −13% ).
Location NEW YORK, NY
CIK 0001919332
Portfolio Value $278.9M (Q1 2026) Holdings 15 stocks · $278.9M 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 Q4 2025 BITB Bitwise Bitcoin ETF 1,700,000 $62.6M Reduce -13.3% FBTC Fidelity Wise Origin Bitcoin 1,050,000 $62.0M Reduce -3.7% IBIT iShares Bitcoin Trust ETF 1,461,145 $56.1M Reduce -0.9% SBET Sharplink Inc. 3,902,430 $25.2M No change CRCL Circle Internet Group Inc. 165,000 $15.7M Add +1550.0% ASST Strive Inc. Class A 156,904 $15.6M New BTC Grayscale Bitcoin Mini ETF 520,000 $15.6M No change HOOD Robinhood Markets Inc. Class A 110,509 $7.6M Add +121.0% CORZ Core Scientific Inc. 510,013 $7.6M Reduce -54.5% CRWV Coreweave Inc. Class A 37,000 $2.9M New GEMI Gemini Space Station Inc. Class A 646,102 $2.9M New COIN Coinbase Global Inc. Class A 13,000 $2.3M Reduce -0.0% SKYA Skyai Inc. filed as SHARPS TECHNOLOGY INC 1,150,000 $1.9M New FWDI Forward Industries Inc. 162,164 $718K New TONX Ton Strategy Co. 50,380 $124K New
Options reported separately and not counted above: ISHARES BITCOIN TRUST ETF calls ($124.7M), ISHARES ETHEREUM TR puts ($9.5M), CIRCLE INTERNET GROUP INC calls ($9.0M), ISHARES BITCOIN TRUST ETF puts ($768K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $39.2M (not counted above) Total filed on the 13F, all lines: $318.1M.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ BITB Bitwise Bitcoin ETF Reduce -13.3% 22.44% −5.26 FBTC Fidelity Wise Origin Bitcoin Reduce -3.7% 22.22% −2.46 CORZ Core Scientific Inc. Reduce -54.5% 2.74% −2.11 IBIT iShares Bitcoin Trust ETF Reduce -0.9% 20.13% −1.63 SVIA Silvia Inc. Sold out 0.00% −0.86 WULF Terawulf Inc. Sold out 0.00% −0.68 PYPL PayPal Holdings Inc. Sold out 0.00% −0.17 WU Western Union Co. Sold out 0.00% −0.17 COIN Coinbase Global Inc. Class A Reduce -0.0% 0.81% −0.06
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ ASST Strive Inc. Class A New 5.61% +5.61 CRCL Circle Internet Group Inc. Add +1550.0% 5.64% +5.41 HOOD Robinhood Markets Inc. Class A Add +121.0% 2.74% +1.06 CRWV Coreweave Inc. Class A New 1.03% +1.03 GEMI Gemini Space Station Inc. Class A New 1.02% +1.02 SKYA Skyai Inc. New 0.69% +0.69 FWDI Forward Industries Inc. New 0.26% +0.26 TONX Ton Strategy Co. New 0.04% +0.04
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ ISHARES BITCOIN TRUST ETF call Add +26953.3% 3,246,400 $124.7M ISHARES ETHEREUM TR put New 599,600 $9.5M CIRCLE INTERNET GROUP INC call New 93,900 $9.0M ISHARES BITCOIN TRUST ETF put New 20,000 $768K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026 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