| Summary of Changes in Quantity of Crypto Assets |
The following represents the changes in quantity of Crypto Assets and the respective fair values for the six-month period ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
Bitcoin (BTC) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
8,836.1188 |
|
|
$ |
773,549 |
|
Purchases |
|
|
44.9106 |
|
|
|
2,707 |
|
Sales |
|
|
(1,820.8624 |
) |
|
|
(131,256 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
89,333 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(319,784 |
) |
Balance at June 30, 2026 |
|
|
7,060.1670 |
|
|
$ |
414,549 |
|
|
|
|
|
|
|
|
|
|
Ethereum (ETH) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
53,393.7681 |
|
|
$ |
158,683 |
|
Purchases |
|
|
270.3511 |
|
|
|
438 |
|
Sales |
|
|
(11,163.5901 |
) |
|
|
(24,270 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
17,032 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(84,795 |
) |
Balance at June 30, 2026 |
|
|
42,500.5291 |
|
|
$ |
67,088 |
|
|
|
|
|
|
|
|
|
|
XRP (XRP) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
26,808,148.3800 |
|
|
$ |
48,981 |
|
Purchases |
|
|
324,630.1329 |
|
|
|
398 |
|
Sales |
|
|
(5,235,574.8753 |
) |
|
|
(7,728 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
3,843 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(22,651 |
) |
Balance at June 30, 2026 |
|
|
21,897,203.6376 |
|
|
$ |
22,843 |
|
|
|
|
|
|
|
|
|
|
Solana (SOL) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
248,993.3542 |
|
|
$ |
30,865 |
|
Purchases |
|
|
3,979.9398 |
|
|
|
354 |
|
Sales |
|
|
(48,787.7381 |
) |
|
|
(4,412 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
921 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(12,696 |
) |
Balance at June 30, 2026 |
|
|
204,185.5559 |
|
|
$ |
15,032 |
|
|
|
|
|
|
|
|
|
|
Hyperliquid (HYPE) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
— |
|
|
$ |
— |
|
Purchases |
|
|
89,491.2733 |
|
|
|
5,884 |
|
Sales |
|
|
(10,564.6790 |
) |
|
|
(678 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(17 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(22 |
) |
Balance at June 30, 2026 |
|
|
78,926.5943 |
|
|
$ |
5,167 |
|
|
|
|
|
|
|
|
|
|
Stellar Lumens (XLM) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
— |
|
|
$ |
— |
|
Purchases |
|
|
12,588,308.0031 |
|
|
|
2,847 |
|
Sales |
|
|
(729,556.3826 |
) |
|
|
(151 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(15 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(477 |
) |
Balance at June 30, 2026 |
|
|
11,858,751.6205 |
|
|
$ |
2,204 |
|
|
|
|
|
|
|
|
|
|
Cardano (ADA) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
16,225,913.9193 |
|
|
$ |
5,402 |
|
|
|
|
|
|
|
|
|
|
Purchases |
|
|
83,667.1776 |
|
|
|
12 |
|
Sales |
|
|
(3,160,403.4213 |
) |
|
|
(857 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(3,378 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
724 |
|
Balance at June 30, 2026 |
|
|
13,149,177.6756 |
|
|
$ |
1,903 |
|
|
|
|
|
|
|
|
|
|
Chainlink (LINK) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
313,437.5474 |
|
|
$ |
3,837 |
|
Purchases |
|
|
1,615.7481 |
|
|
|
12 |
|
Sales |
|
|
(61,049.7732 |
) |
|
|
(578 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
71 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(1,513 |
) |
Balance at June 30, 2026 |
|
|
254,003.5223 |
|
|
$ |
1,829 |
|
|
|
|
|
|
|
|
|
|
Litecoin (LTC) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
33,920.6399 |
|
|
$ |
2,598 |
|
Purchases |
|
|
174.8584 |
|
|
|
8 |
|
Sales |
|
|
(6,606.8899 |
) |
|
|
(367 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(480 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(610 |
) |
Balance at June 30, 2026 |
|
|
27,488.6084 |
|
|
$ |
1,149 |
|
|
|
|
|
|
|
|
|
|
Sui (SUI) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
1,653,967.2590 |
|
|
$ |
2,308 |
|
Purchases |
|
|
8,526.0832 |
|
|
|
6 |
|
Sales |
|
|
(322,151.3405 |
) |
|
|
(337 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(984 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(61 |
) |
Balance at June 30, 2026 |
|
|
1,340,342.0017 |
|
|
$ |
932 |
|
|
|
|
|
|
|
|
|
|
Avalanche (AVAX) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
190,139.0261 |
|
|
$ |
2,345 |
|
Purchases |
|
|
— |
|
|
|
— |
|
Sales |
|
|
(190,139.0261 |
) |
|
|
(1,715 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(2,349 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
1,719 |
|
Balance at June 30, 2026 |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
Polkadot (DOT) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2026 |
|
|
729,577.6306 |
|
|
$ |
1,300 |
|
Purchases |
|
|
— |
|
|
|
— |
|
Sales |
|
|
(729,577.6306 |
) |
|
|
(911 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(9,870 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
9,481 |
|
Balance at June 30, 2026 |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
The following represents the changes in quantity of Crypto Assets and the respective fair values for the year ended December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
Bitcoin (BTC) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
10,632.1413 |
|
|
$ |
992,968 |
|
Purchases |
|
|
3.5303 |
|
|
|
328 |
|
Sales |
|
|
(1,799.5528 |
) |
|
|
(165,407 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
119,592 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(173,932 |
) |
Balance at December 31, 2025 |
|
|
8,836.1188 |
|
|
$ |
773,549 |
|
|
|
|
|
|
|
|
|
|
Ethereum (ETH) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
65,011.3388 |
|
|
$ |
217,164 |
|
Purchases |
|
|
570.5775 |
|
|
|
1,469 |
|
Sales |
|
|
(12,188.1482 |
) |
|
|
(36,229 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
23,651 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(47,372 |
) |
Balance at December 31, 2025 |
|
|
53,393.7681 |
|
|
$ |
158,683 |
|
|
|
|
|
|
|
|
|
|
XRP (XRP) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
30,686,126.7901 |
|
|
$ |
64,340 |
|
Purchases |
|
|
1,439,571.8875 |
|
|
|
3,136 |
|
Sales |
|
|
(5,317,550.2976 |
) |
|
|
(11,128 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
4,962 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(12,329 |
) |
Balance at December 31, 2025 |
|
|
26,808,148.3800 |
|
|
$ |
48,981 |
|
|
|
|
|
|
|
|
|
|
Solana (SOL) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
256,477.2246 |
|
|
$ |
49,677 |
|
Purchases |
|
|
36,637.5790 |
|
|
|
5,491 |
|
Sales |
|
|
(44,121.4494 |
) |
|
|
(6,154 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(693 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(17,456 |
) |
Balance at December 31, 2025 |
|
|
248,993.3542 |
|
|
$ |
30,865 |
|
|
|
|
|
|
|
|
|
|
Cardano (ADA) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
19,192,702.8414 |
|
|
$ |
16,262 |
|
Purchases |
|
|
411,637.1580 |
|
|
|
242 |
|
Sales |
|
|
(3,378,426.0801 |
) |
|
|
(1,558 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(2,970 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(6,574 |
) |
Balance at December 31, 2025 |
|
|
16,225,913.9193 |
|
|
$ |
5,402 |
|
|
|
|
|
|
|
|
|
|
Chainlink (LINK) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
342,097.2780 |
|
|
$ |
6,828 |
|
Purchases |
|
|
30,202.6854 |
|
|
|
402 |
|
Sales |
|
|
(58,862.4160 |
) |
|
|
(814 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(33 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(2,546 |
) |
Balance at December 31, 2025 |
|
|
313,437.5474 |
|
|
$ |
3,837 |
|
|
|
|
|
|
|
|
|
|
Avalanche (AVAX) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
220,206.9730 |
|
|
$ |
7,886 |
|
|
|
|
|
|
|
|
|
|
Purchases |
|
|
4,421.5228 |
|
|
|
76 |
|
Sales |
|
|
(34,489.4697 |
) |
|
|
(499 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(561 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(4,557 |
) |
Balance at December 31, 2025 |
|
|
190,139.0261 |
|
|
$ |
2,345 |
|
|
|
|
|
|
|
|
|
|
Sui (SUI) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
— |
|
|
$ |
— |
|
Purchases |
|
|
1,985,863.2240 |
|
|
|
7,705 |
|
Sales |
|
|
(331,895.9650 |
) |
|
|
(601 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(759 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(4,037 |
) |
Balance at December 31, 2025 |
|
|
1,653,967.2590 |
|
|
$ |
2,308 |
|
|
|
|
|
|
|
|
|
|
Litecoin (LTC) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
— |
|
|
$ |
— |
|
Purchases |
|
|
40,872.6900 |
|
|
|
5,239 |
|
Sales |
|
|
(6,952.0501 |
) |
|
|
(566 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(325 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(1,750 |
) |
Balance at December 31, 2025 |
|
|
33,920.6399 |
|
|
$ |
2,598 |
|
|
|
|
|
|
|
|
|
|
Polkadot (DOT) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
816,152.3229 |
|
|
$ |
5,434 |
|
Purchases |
|
|
49,191.1633 |
|
|
|
110 |
|
Sales |
|
|
(135,765.8556 |
) |
|
|
(323 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(2,288 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(1,633 |
) |
Balance at December 31, 2025 |
|
|
729,577.6306 |
|
|
$ |
1,300 |
|
|
|
|
|
|
|
|
|
|
Bitcoin Cash (BCH) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
10,611.6785 |
|
|
$ |
4,625 |
|
Purchases |
|
|
— |
|
|
|
— |
|
Sales |
|
|
(10,611.6785 |
) |
|
|
(4,462 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
9 |
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
(172 |
) |
Balance at December 31, 2025 |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
Uniswap (UNI) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
— |
|
|
$ |
— |
|
Purchases |
|
|
320,996.9789 |
|
|
|
4,351 |
|
Sales |
|
|
(320,996.9789 |
) |
|
|
(3,751 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(600 |
) |
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
— |
|
Balance at December 31, 2025 |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
NEAR Protocol (NEAR) |
|
|
|
Units |
|
|
Fair Value |
|
Balance at January 1, 2025 |
|
|
680,674.8151 |
|
|
$ |
3,330 |
|
Purchases |
|
|
— |
|
|
|
— |
|
Sales |
|
|
(680,674.8151 |
) |
|
|
(3,326 |
) |
Net realized gain (loss) on investment |
|
|
— |
|
|
|
(1,425 |
) |
|
|
|
|
|
|
|
|
|
Net change in unrealized appreciation (depreciation) on investment |
|
|
— |
|
|
|
1,421 |
|
Balance at December 31, 2025 |
|
|
— |
|
|
$ |
— |
|
|