Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
   Rule 13d-1(b)
   Rule 13d-1(c)
   Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person:  Note to Row 5: Based on 8,911,250 Class A Ordinary Shares outstanding as of November 12, 2025 reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission on November 13, 2025. The shares in this Schedule 13G are reported as a result of having the power to exercise investment discretion over such shares pursuant to our mandate as an outsourced investment manager. The information above is as of December 31, 2025.


SCHEDULE 13G



 
BIT Capital GmbH
 
Signature:Dr. Matthias Thom
Name/Title:Managing Director
Date:02/11/2026