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

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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
CANAAN INC SPONSORED ADS 134748102 1,369,269 4,769,310 SH SOLE N/A 4,769,310 0 0
CHARTER COMMUNICATIONS INC CL A 16119P108 16,354,150 115,000 SH SOLE N/A 115,000 0 0
COMCAST CORP NEW CL A 20030N101 23,445,250 955,000 SH SOLE N/A 955,000 0 0
COMCAST CORP NEW CL A 20030N101 49,100,000 2,000,000 SH Call SOLE N/A 2,000,000 0 0
ECHOSTAR CORP CL A 278768106 9,947,980 98,000 SH Call SOLE N/A 98,000 0 0
ECHOSTAR CORP CL A 278768106 12,687,500 125,000 SH SOLE N/A 125,000 0 0
GRUPO AEROMEXICO SAB DE CV SPONSORED ADS 40054J109 9,540,000 530,000 SH SOLE N/A 530,000 0 0
HUT 8 CORP COM 44812J104 2,539,790 22,000 SH SOLE N/A 22,000 0 0
HUT 8 CORP COM 44812J104 14,430,000 125,000 SH Call SOLE N/A 125,000 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 121,508,500 3,650,000 SH Put SOLE N/A 3,650,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 321,481,500 1,070,000 SH Put SOLE N/A 1,070,000 0 0
JD.COM INC NOTE 0.250% 6/0 47215PAJ5 92,037,500 92,500,000 PRN SOLE N/A 92,500,000 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 23,735,900 970,000 SH SOLE N/A 970,000 0 0
LIONSGATE STUDIOS CORP COM 53626N102 5,588,150 365,000 SH SOLE N/A 365,000 0 0
NETFLIX INC. COM 64110L106 4,998,000 70,000 SH SOLE N/A 70,000 0 0
ORACLE CORP 6.5 DEP CUM SR D 68389X204 18,159,800 404,000 SH SOLE N/A 404,000 0 0
PG&E CORP NOTE 4.250%12/0 69331CAL2 76,857,427 75,000,000 PRN SOLE N/A 75,000,000 0 0
ROCKET COS INC COM CL A 77311W101 11,103,750 705,000 SH SOLE N/A 705,000 0 0
SHARONAI HOLDINGS INC COM CL A 778920306 6,158,846 72,748 SH SOLE N/A 72,748 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 93,196,896 124,800 SH Put SOLE N/A 124,800 0 0
STRATEGY INC CL A NEW 594972408 17,603,325 202,500 SH SOLE N/A 202,500 0 0
STRATEGY INC CL A NEW 594972408 17,603,325 202,500 SH Put SOLE N/A 202,500 0 0
SUZANO S A SPON ADS 86959K105 13,308,400 1,715,000 SH SOLE N/A 1,715,000 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676 2,566,497,570 3,913,000 SH Put SOLE N/A 3,913,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 24,793,800 930,000 SH SOLE N/A 930,000 0 0