Digital asset rollforward (USD in thousands, except BTC units and USD price per BTC)

BTC units

USD amount

Beginning balance

—

Bitcoin purchased / deposited during period

68.49

5,000

Settled BTC premiums received on Q1 written covered calls

0.51

35

Dispositions / physical settlements

—

Ending BTC holdings at March 31, 2026

69.01

Period-end BTC price (USD per BTC)

—

$

68,233

Ending Bitcoin fair value (69.01 BTC x $68,233.31; calculated using unrounded BTC units)

69.01

4,709

Cost basis / carrying value before ASC 350-60 fair value remeasurement

69.01

5,035

ASC 350-60 fair value remeasurement gain/(loss)

—

(326

)