The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
MARA HOLDINGS INC COM 565788106 2,236,290 161,000 SH Call SOLE 0 0 0
CIRCLE INTERNET GROUP INC COM CL A 172573107 281,835 4,500 SH Call SOLE 0 0 0
STRATEGY INC CL A NEW 594972408 6,493,671 74,700 SH Call SOLE 0 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 16,548,708 113,200 SH Call SOLE 0 0 0
GAMESTOP CORP CL A 36467W109 1,115,040 50,500 SH Call SOLE 0 0 0
AMERICAN BITCOIN CORP. COM CL A 02462A104 549,280 806,460 SH SOLE 806,460 0 0
BITGO HOLDINGS INC COM SHS CL A 091947101 270,976 52,312 SH SOLE 52,312 0 0
BLOCK INC CL A 852234103 274,892 3,617 SH SOLE 3,617 0 0
BULLISH ORD SHS G16910120 651,120 27,790 SH SOLE 27,790 0 0
CANAAN INC SPONSORED ADS 134748102 197,543 688,064 SH SOLE 688,064 0 0
CIPHER DIGITAL INC COM 17253J106 272,661 11,129 SH SOLE 11,129 0 0
CLEANSPARK INC COM NEW 18452B209 694,763 47,750 SH SOLE 47,750 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 238,582 1,632 SH SOLE 1,632 0 0
EMPERY DIGITAL INC COM NEW 92864V608 690,935 194,083 SH SOLE 194,083 0 0
GALAXY DIGITAL INC. CL A 36317J209 267,987 9,802 SH SOLE 9,802 0 0
GAMESTOP CORP CL A 36467W109 249,592 11,304 SH SOLE 11,304 0 0
GEMINI SPACE STA INC CL A COM 36866J105 250,803 58,874 SH SOLE 58,874 0 0
HUT 8 CORP COM 44812J104 753,659 6,527 SH SOLE 6,527 0 0
KEEL INFRASTRUCTURE CORP COM SHS 486917107 279,168 48,777 SH SOLE 48,777 0 0
MARA HOLDINGS INC COM 565788106 1,386,986 99,855 SH SOLE 99,855 0 0
RIOT PLATFORMS INC COM 767292105 830,244 30,323 SH SOLE 30,323 0 0
STRATEGY INC CL A NEW 594972408 2,390,140 27,495 SH SOLE 27,495 0 0
STRIVE INC CL A COM 862945300 454,609 41,669 SH SOLE 41,669 0 0
TESLA INC COM 88160R101 267,081 635 SH SOLE 635 0 0
TRUMP MEDIA & TECHNOLOGY GRO COM 25400Q105 230,613 29,795 SH SOLE 29,795 0 0
TWENTY ONE CAP INC COM SHS CL A 90138L109 970,745 196,110 SH SOLE 196,110 0 0
AMPLIFY ETF TR JR SILV MINE ETF 032108649 3,816,020 147,223 SH SOLE 147,223 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 3,788,026 48,903 SH SOLE 48,903 0 0
ISHARES SILVER TR ISHARES 46428Q109 279,595 5,229 SH SOLE 5,229 0 0
ISHARES INC MSCI GBL GOLD MN 46434G855 5,130,920 79,426 SH SOLE 79,426 0 0
SPDR SERIES TRUST ST STR BLO 1 ETF 78468R663 22,656,890 247,238 SH SOLE 247,238 0 0
BANK OF NY MELLON CORP COM 064058100 6,497,472 44,931 SH OTR 1 0 0 44,931
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100 8,990,736 566,524 SH OTR 1 0 0 566,524
BITMINE IMMERSION TECHS INC COM NEW 09175A206 16,066,674 1,207,113 SH OTR 1 0 0 1,207,113
BLACKROCK INC COM 09290D101 6,179,946 6,427 SH OTR 1 0 0 6,427
BULLISH ORD SHS G16910120 3,706,181 158,181 SH OTR 1 0 0 158,181
CIPHER DIGITAL INC COM 17253J106 20,945,687 854,926 SH OTR 1 0 0 854,926
CIRCLE INTERNET GROUP INC COM CL A 172573107 14,973,393 239,077 SH OTR 1 0 0 239,077
CLEANSPARK INC COM NEW 18452B209 14,726,026 1,012,098 SH OTR 1 0 0 1,012,098
CME GROUP INC COM 12572Q105 5,488,730 24,855 SH OTR 1 0 0 24,855
COINBASE GLOBAL INC COM CL A 19260Q107 40,913,464 279,865 SH OTR 1 0 0 279,865
ETORO GROUP LTD SHS CL A G32089107 8,401,742 212,864 SH OTR 1 0 0 212,864
FIGURE TECHNOLOGY SOLUTIO COM CL A 349381103 18,003,154 586,231 SH OTR 1 0 0 586,231
GALAXY DIGITAL INC. CL A 36317J209 20,862,361 763,071 SH OTR 1 0 0 763,071
HIVE DIGITAL TECHNOLOGIES LT COM NEW 433921103 1,730,798 475,494 SH OTR 1 0 0 475,494
HUT 8 CORP COM 44812J104 19,724,794 170,825 SH OTR 1 0 0 170,825
IREN LIMITED ORDINARY SHARES Q4982L109 35,886,755 784,753 SH OTR 1 0 0 784,753
KEEL INFRASTRUCTURE CORP COM SHS 486917107 13,777,243 2,407,200 SH OTR 1 0 0 2,407,200
MARA HOLDINGS INC COM 565788106 21,189,626 1,525,531 SH OTR 1 0 0 1,525,531
MASTERCARD INCORPORATED CL A 57636Q104 6,691,694 13,029 SH OTR 1 0 0 13,029
MERCADOLIBRE INC COM 58733R102 6,757,310 3,981 SH OTR 1 0 0 3,981
RIOT PLATFORMS INC COM 767292105 21,310,100 778,309 SH OTR 1 0 0 778,309
ROBINHOOD MKTS INC COM CL A 770700102 7,779,422 77,577 SH OTR 1 0 0 77,577
STRATEGY INC CL A NEW 594972408 30,784,608 354,131 SH OTR 1 0 0 354,131
TERAWULF INC COM 88080T104 19,752,911 799,713 SH OTR 1 0 0 799,713
VISA INC COM CL A 92826C839 6,784,262 19,774 SH OTR 1 0 0 19,774