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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
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 1,536,800 40,000 SH DFND 1 40,000 0 0
GREYSCALE BITCOIN MINI TR ETF SHS NEW 389930207 135,673,650 4,523,963 SH DFND 1 4,523,963 0 0
GREYSCALE COINDESK CRYPTO USD SHS G40705108 70,333,450 2,255,000 SH DFND 1 2,255,000 0 0
PROSHARES TR COIN 20 CRYP ETF 74350P683 3,951,677 190,000 SH DFND 190,000 0 0