{
  "issue": "2026-10",
  "number": 1,
  "name": "Bitcoin Stocks Monthly Brief",
  "title": "Bitcoin Stocks Monthly Brief — October 2026",
  "cut": "2026-10-09",
  "previous_cut": null,
  "period": {
    "from": "2026-09-22",
    "to": "2026-10-09"
  },
  "frozen_on": "2026-10-11",
  "page": "https://coinbucha.com/brief/2026-10",
  "level": {
    "base_date": "2026-09-22",
    "base_value": 100,
    "constituents": 32,
    "lbtc": {
      "code": "CBLBTC",
      "short_name": "LBTC",
      "name": "CoinBucha Listed Bitcoin Index",
      "weighting": "cap-weighted, 20 % single-name cap",
      "level": 104.84,
      "change_since_base_pct": 4.84,
      "priced_rows": 31,
      "methodology_version": "1.7",
      "row_sha256": "9aa7d876e09cab2f4d0c0c0bf0d29dce5d48c800a545892e7a8c09ba4d415e14"
    },
    "lbtc_h": {
      "code": "CBLBTCH",
      "short_name": "LBTC-H",
      "name": "CoinBucha Listed Bitcoin Index, holdings-weighted",
      "weighting": "holdings-weighted (weight = BTC held / total BTC held), no cap",
      "level": 97.6,
      "change_since_base_pct": -2.4,
      "priced_rows": 31,
      "methodology_version": "1.0",
      "row_sha256": "d1ae3ed3eabfd58a1830b2135fc85d6bfa508cbad8b18b197929def993c0ec5b"
    },
    "concentration": {
      "id": "strategy",
      "name": "Strategy",
      "weight_pct": 70.4,
      "btc": 848000,
      "total_btc": 1203812.9397,
      "note": "One company, Strategy, holds about 70 % of the constituents' bitcoin and therefore carries about 70 % of the weight. No cap is applied: the weights are the holdings as disclosed."
    }
  },
  "register": [
    {
      "result_id": "CBR-001",
      "kind": "bitcoin_held",
      "issuer": "Robinhood Markets",
      "ticker": "HOOD",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-29",
      "figure": null,
      "prior": null,
      "printed": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000113/q22026robinhoodexhibit991.htm",
      "locator": "Form 8-K filed 2026-07-29, Exhibit 99.1 (Q2 2026 results release, quarter ended June 30, 2026); the release states no bitcoin holding of the company",
      "row_sha256": "1a823cc8098b47db40d3a8a1c831d0926901a538f522b3c075df7b55edba82a4"
    },
    {
      "result_id": "CBR-002",
      "kind": "bitcoin_held",
      "issuer": "Strategy",
      "ticker": "MSTR",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-30",
      "figure": "843,775 BTC as of 2026-07-26",
      "prior": null,
      "printed": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1050446/000162828026051027/mstr-20260730x8kxex991.htm",
      "locator": "Form 8-K filed 2026-07-30, Exhibit 99.1 (Q2 2026 results release), Digital Capital Highlights (as of July 26, 2026): 843,775 bitcoin holdings",
      "row_sha256": "2720ffe286222ee660c2aaa8141dee1401548d87a66482ccf61028b25ad7c06b"
    },
    {
      "result_id": "CBR-003",
      "kind": "bitcoin_held",
      "issuer": "MARA Holdings",
      "ticker": "MARA",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": "35,577 BTC as of 2026-06-30",
      "prior": null,
      "printed": null,
      "source_url": "https://ir.mara.com/sec-filings/all-sec-filings/content/0001507605-26-000022/mara-20260630.htm",
      "locator": "Form 10-Q for the quarter ended June 30, 2026, digital assets table: Total bitcoin holdings 35,577 as of June 30, 2026 (incl. 9,270 bitcoin receivable, loaned or pledged)",
      "row_sha256": "d0f626ba8e421951121532785ad35e8f9b70ca1cc17b0ec1fb4133eb3848118e"
    },
    {
      "result_id": "CBR-004",
      "kind": "bitcoin_held",
      "issuer": "CleanSpark",
      "ticker": "CLSK",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": null,
      "prior": null,
      "printed": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/827876/000119312526337999/clsk-ex99_1.htm",
      "locator": "Form 8-K filed 2026-08-06, Exhibit 99.1 (fiscal Q3 2026 results release, quarter ended June 30, 2026); the release states a HODL value in dollars, no bitcoin count",
      "row_sha256": "00dda09a1e4845bc54c01cb3d4117c28e6c59cae8f93463570af0b9236770a36"
    },
    {
      "result_id": "CBR-005",
      "kind": "bitcoin_held",
      "issuer": "Metaplanet",
      "ticker": "3350",
      "period_end": null,
      "filed_at": "2026-10-05",
      "figure": null,
      "prior": null,
      "printed": null,
      "source_url": "https://metaplanet.jp/en/disclosures",
      "locator": "Disclosures list, row dated Oct 05, 2026: Notice Regarding the Q3 FY2026 Results of the Bitcoin Income Generation Business; the list states no bitcoin holding",
      "row_sha256": "15edcec02ff2defac9bedf2cff6ff3e0f924bad32c39264a3412d5766b692b59"
    },
    {
      "result_id": "CBR-006",
      "kind": "revenue",
      "issuer": "Robinhood Markets",
      "ticker": "HOOD",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-29",
      "figure": "USD 1,308 million",
      "prior": "USD 989 million",
      "printed": "(in millions, except per share and percentage data) 2025 2026 2026 Revenues: Transaction-based revenues $ 539 $ 776 … Total net revenues 989 1,308",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000113/q22026robinhoodexhibit991.htm",
      "locator": "Form 8-K Exhibit 99.1, Condensed Consolidated Statements of Operations, three months ended June 30, Total net revenues",
      "row_sha256": "7fba026f531f080ad5d3e0cb4731258c14a64bdbaad0df9cc3411650a195d354"
    },
    {
      "result_id": "CBR-007",
      "kind": "net_income_loss",
      "issuer": "Robinhood Markets",
      "ticker": "HOOD",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-29",
      "figure": "USD 573 million",
      "prior": "USD 386 million",
      "printed": "(in millions, except per share and percentage data) … Net income $ 386 $ 573",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000113/q22026robinhoodexhibit991.htm",
      "locator": "Form 8-K Exhibit 99.1, Condensed Consolidated Statements of Operations, three months ended June 30, Net income",
      "row_sha256": "c6b28684453c9c2c8fd2cbdd1d1eb4602fd41f0c69365690591b74a281410f27"
    },
    {
      "result_id": "CBR-008",
      "kind": "revenue",
      "issuer": "Strategy",
      "ticker": "MSTR",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-30",
      "figure": "USD 122.4 million",
      "prior": "USD 114.5 million",
      "printed": "Total revenues for the second quarter of 2026 were $122.4 million, compared to total revenues of $114.5 million for the second quarter of 2025",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1050446/000162828026051027/mstr-20260730x8kxex991.htm",
      "locator": "Form 8-K Exhibit 99.1, Financial Highlights, Revenues bullet",
      "row_sha256": "b7e9246969d51d2bb751e4d56714346ecd991e40e59bc3cdd75f4a2c6c74a564"
    },
    {
      "result_id": "CBR-009",
      "kind": "net_income_loss",
      "issuer": "Strategy",
      "ticker": "MSTR",
      "period_end": "2026-06-30",
      "filed_at": "2026-07-30",
      "figure": "−USD 8.22 billion",
      "prior": "USD 10.02 billion",
      "printed": "the Company reported a net loss of $8.22 billion, or a net loss of $24.45 per common share on a diluted basis, as compared to a net income of $10.02 billion",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1050446/000162828026051027/mstr-20260730x8kxex991.htm",
      "locator": "Form 8-K Exhibit 99.1, Financial Highlights, Net Loss and Net Loss Attributable to Common Stock bullet",
      "row_sha256": "e516826e5f7e9c663cc131ba74a760315a6cf2e7c1d032740dcd881788c6dd77"
    },
    {
      "result_id": "CBR-010",
      "kind": "revenue",
      "issuer": "MARA Holdings",
      "ticker": "MARA",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": "USD 174,881 thousand",
      "prior": "USD 238,485 thousand",
      "printed": "(in thousands, except share and per share data) 2026 2025 2026 2025 Revenues $ 174,881 $ 238,485",
      "source_url": "https://ir.mara.com/sec-filings/all-sec-filings/content/0001507605-26-000022/mara-20260630.htm",
      "locator": "Form 10-Q, Condensed Consolidated Statements of Operations, p. F-3, three months ended June 30, Revenues",
      "row_sha256": "b1180e1fadada14047184c341b85b93ed541abca99cad97e9ae8f586263de4d5"
    },
    {
      "result_id": "CBR-011",
      "kind": "net_income_loss",
      "issuer": "MARA Holdings",
      "ticker": "MARA",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": "−USD 611,317 thousand",
      "prior": "USD 808,205 thousand",
      "printed": "(in thousands, except share and per share data) … Net income (loss) $ ( 611,317 ) $ 808,205",
      "source_url": "https://ir.mara.com/sec-filings/all-sec-filings/content/0001507605-26-000022/mara-20260630.htm",
      "locator": "Form 10-Q, Condensed Consolidated Statements of Operations, p. F-3, three months ended June 30, Net income (loss)",
      "row_sha256": "9b588266a283e13e3751b7b5802fa7b4a5482e02c83c7d733cc5a0e46da704fa"
    },
    {
      "result_id": "CBR-012",
      "kind": "revenue",
      "issuer": "CleanSpark",
      "ticker": "CLSK",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": "USD 138 million",
      "prior": "USD 198.6 million",
      "printed": "Quarterly revenues were $138.0 million, a year-over-year decrease of $60.6 million, or 30.5%, from $198.6 million.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/827876/000119312526337999/clsk-ex99_1.htm",
      "locator": "Form 8-K Exhibit 99.1, Financial Highlights: Third Quarter Fiscal Year 2026, Quarterly revenues bullet",
      "row_sha256": "0c5ad42ccc812cdc9a77180d0c50b38d996b068c9c21ff69e53d3b17f85308dd"
    },
    {
      "result_id": "CBR-013",
      "kind": "net_income_loss",
      "issuer": "CleanSpark",
      "ticker": "CLSK",
      "period_end": "2026-06-30",
      "filed_at": "2026-08-06",
      "figure": "−USD 239.8 million",
      "prior": "USD 257.4 million",
      "printed": "Net loss for the three months ended June 30, 2026, was ($239.8 million) or ($0.89) per basic share, compared to a net income of ($257.4 million) or $0.90 per basic share, for the same prior year period.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/827876/000119312526337999/clsk-ex99_1.htm",
      "locator": "Form 8-K Exhibit 99.1, Financial Highlights: Third Quarter Fiscal Year 2026, Net loss bullet (the prior-year net income is printed in parentheses)",
      "row_sha256": "f7075155a684aaf0a7821db190134daa69a10cf4fc503028f26764e9be5eb46b"
    },
    {
      "result_id": "CBR-014",
      "kind": "bitcoin_income_generation_revenue",
      "issuer": "Metaplanet",
      "ticker": "3350",
      "period_end": "2026-09-30",
      "filed_at": "2026-10-05",
      "figure": "JPY 848.4 million",
      "prior": "JPY 2,438 million",
      "printed": "Revenue (JPY millions) … Q3 FY25 2,438.0 … Q3 FY26 848.4",
      "source_url": "https://contents.xj-storage.jp/xcontents/33500/13cc50e1/acd1/415e/b495/17e1f959af61/140120261005546263.pdf",
      "locator": "p. 1, Bitcoin Income Generation Revenue by Quarter table, Q3 FY26 and Q3 FY25 rows (business operating revenue only, not consolidated revenue)",
      "row_sha256": "9d9e43a9f46d5bd58e1ccce542de438e22033a905805562e76d2efe193de7dfe"
    }
  ],
  "calendar": [
    {
      "event_id": "CBE-006",
      "issuer": "Tesla",
      "ticker": "TSLA",
      "event_name": "Q3 2026 earnings",
      "date": "2026-10-21",
      "window_start": "2026-10-21",
      "window_end": "2026-10-21",
      "date_status": "announced_primary_confirmed",
      "source_url": "https://ir.tesla.com/",
      "rule_url": null
    },
    {
      "event_id": "CBE-007",
      "issuer": "Robinhood Markets",
      "ticker": "HOOD",
      "event_name": "Q3 2026 earnings",
      "date": "2026-10-27",
      "window_start": "2026-10-27",
      "window_end": "2026-10-27",
      "date_status": "announced_primary_confirmed",
      "source_url": "https://investors.robinhood.com/news-releases/news-release-details/robinhood-markets-inc-announce-third-quarter-2026-results",
      "rule_url": null
    },
    {
      "event_id": "CBE-008",
      "issuer": "Strategy",
      "ticker": "MSTR",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1050446/000105044626000044/mstr-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-009",
      "issuer": "MARA Holdings",
      "ticker": "MARA",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://ir.mara.com/sec-filings/all-sec-filings/content/0001507605-26-000022/mara-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-010",
      "issuer": "Twenty One Capital",
      "ticker": "XXI",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2070457/000121390026087471/ea0299640-10q_twentyone.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-011",
      "issuer": "Strive",
      "ticker": "ASST",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1920406/000162828026054985/asst-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-012",
      "issuer": "Hut 8",
      "ticker": "HUT",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-013",
      "issuer": "Riot Platforms",
      "ticker": "RIOT",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093448/riot-20260630x10q.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-014",
      "issuer": "Trump Media & Technology Group",
      "ticker": "DJT",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1849635/000143774926026777/djt20260630_10q.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-015",
      "issuer": "Nakamoto",
      "ticker": "NAKA",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1946573/000149315226037603/form10-q.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-016",
      "issuer": "Coinbase Global",
      "ticker": "COIN",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000088/coin-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-017",
      "issuer": "Block",
      "ticker": "XYZ",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1512673/000162828026053368/xyz-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-018",
      "issuer": "Core Scientific",
      "ticker": "CORZ",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000014/core-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-019",
      "issuer": "TeraWulf",
      "ticker": "WULF",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000166/wulf-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-020",
      "issuer": "Bakkt",
      "ticker": "BKKT",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://investors.bakkt.com/news-releases/news-release-details/bakkt-reports-second-quarter-2026-results",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-021",
      "issuer": "Exodus Movement",
      "ticker": "EXOD",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://investors.exodus.com/investors/sec-filings/all-sec-filings/content/0001628280-26-055258/q22026-991xearningsrelease.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-022",
      "issuer": "Cipher Digital",
      "ticker": "CIFR",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-023",
      "issuer": "Soluna Holdings",
      "ticker": "SLNH",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/64463/000162828026056702/slnh-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-024",
      "issuer": "Fold Holdings",
      "ticker": "FLD",
      "event_name": "Q3 2026 Form 10-Q filing",
      "date": null,
      "window_start": "2026-11-09",
      "window_end": "2026-11-16",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1889123/000119312526344668/fld-20260630.htm",
      "rule_url": "https://www.sec.gov/files/form10-q.pdf"
    },
    {
      "event_id": "CBE-025",
      "issuer": "CleanSpark",
      "ticker": "CLSK",
      "event_name": "Fiscal 2026 Form 10-K filing",
      "date": null,
      "window_start": "2026-11-30",
      "window_end": "2026-12-29",
      "date_status": "unknown_exact_date_statutory_window",
      "source_url": "https://www.sec.gov/Archives/edgar/data/827876/000119312525297510/clsk-20250930.htm",
      "rule_url": "https://www.sec.gov/rules/final/33-8644.pdf"
    }
  ],
  "holdings_moves": [
    {
      "id": "strive",
      "name": "Strive",
      "ticker": "ASST",
      "btc": 27462,
      "as_of": "2026-09-25",
      "prior_btc": 26355,
      "prior_as_of": "2026-09-18",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1920406/000162828026063653/asst-20260928.htm",
      "locator": "Form 8-K filed 2026-09-28, Item 8.01 holdings table"
    },
    {
      "id": "strategy",
      "name": "Strategy",
      "ticker": "MSTR",
      "btc": 847666,
      "as_of": "2026-09-27",
      "prior_btc": 846000,
      "prior_as_of": "2026-09-20",
      "source_url": "https://www.strategy.com/ledger",
      "locator": "BTC ledger, row reported 2026-09-28"
    },
    {
      "id": "metaplanet",
      "name": "Metaplanet",
      "ticker": "3350",
      "btc": 44000,
      "as_of": "2026-09-30",
      "prior_btc": 40177,
      "prior_as_of": "2026-03-31",
      "source_url": "https://treasury.metaplanet.jp/",
      "locator": "Purchase History row 09/30/26"
    },
    {
      "id": "strive",
      "name": "Strive",
      "ticker": "ASST",
      "btc": 28000,
      "as_of": "2026-09-30",
      "prior_btc": 27462,
      "prior_as_of": "2026-09-25",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1920406/000162828026064753/asst-20261005.htm",
      "locator": "Form 8-K filed 2026-10-05, Item 8.01, 9/30/2026 Balance Sheet table: Bitcoin held 28,000"
    },
    {
      "id": "strategy",
      "name": "Strategy",
      "ticker": "MSTR",
      "btc": 848000,
      "as_of": "2026-10-04",
      "prior_btc": 847666,
      "prior_as_of": "2026-09-27",
      "source_url": "https://www.strategy.com/ledger",
      "locator": "BTC ledger, row reported 2026-10-05"
    }
  ],
  "movers": {
    "from": "2026-09-25",
    "to": "2026-10-09",
    "basis": "Each company's dollar price on the cut date over its dollar price on the from date, minus one. Companies whose close is not dated the cut are listed apart and not ranked.",
    "ranked_count": 31,
    "top": [
      {
        "id": "spacex",
        "name": "Space Exploration Technologies (SpaceX)",
        "ticker": "SPCX",
        "relative_pct": 9.34
      },
      {
        "id": "metaplanet",
        "name": "Metaplanet",
        "ticker": "3350",
        "relative_pct": 7.68
      },
      {
        "id": "empery-digital",
        "name": "Empery Digital",
        "ticker": "EMPD",
        "relative_pct": 5.54
      },
      {
        "id": "block",
        "name": "Block",
        "ticker": "XYZ",
        "relative_pct": 3.43
      },
      {
        "id": "the-smarter-web-company",
        "name": "The Smarter Web Company",
        "ticker": "SWC",
        "relative_pct": 1.78
      }
    ],
    "bottom": [
      {
        "id": "riot-platforms",
        "name": "Riot Platforms",
        "ticker": "RIOT",
        "relative_pct": -31.61
      },
      {
        "id": "cleanspark",
        "name": "CleanSpark",
        "ticker": "CLSK",
        "relative_pct": -27.42
      },
      {
        "id": "mara-holdings",
        "name": "MARA Holdings",
        "ticker": "MARA",
        "relative_pct": -27.11
      },
      {
        "id": "gemini-space-station",
        "name": "Gemini Space Station",
        "ticker": "GEMI",
        "relative_pct": -20.67
      },
      {
        "id": "canaan",
        "name": "Canaan",
        "ticker": "CAN",
        "relative_pct": -20.42
      }
    ],
    "not_ranked": [
      {
        "id": "silvia",
        "name": "Silvia (formerly ProCap Financial)",
        "ticker": "BRR",
        "reason": "close carried from 2026-09-28"
      }
    ]
  },
  "method": {
    "lbtc": {
      "version": "1.7",
      "methodology_date": "2026-10-02"
    },
    "lbtc_h": {
      "version": "1.0",
      "methodology_date": "2026-10-10"
    },
    "methodology_url": "https://coinbucha.com/listed-bitcoin/methodology",
    "void_rows": [
      {
        "date": "2026-09-29",
        "withdraws": "697ef65160a265019cbf1cfe7b27edff196c9b29b0ad65efb53aa53ea4fe4969",
        "reason": "run-date row: 1 of 32 closes on its date (Metaplanet's Tokyo close dated the row; 31 carried from 2026-09-28). Withdrawn by [C-LISTED-SERIES-DATA-DATE], 2026-10-01.",
        "row_sha256": "c63df7e1d84867eb9cdff88621ced7e43f49d8e80e938f4f25a484d02363c0fd"
      },
      {
        "date": "2026-09-30",
        "withdraws": "9297596a0f0f07d642916ace7397b60ae8c461b6afba2a252d53e21826e450c0",
        "reason": "run-date row: 1 of 32 closes on its date (Metaplanet's Tokyo close dated the row; the other 31 closed on 2026-09-29 or earlier). Withdrawn by [C-LISTED-SERIES-DATA-DATE], 2026-10-01.",
        "row_sha256": "a0ca740c1f35fbebe0924d63df233be39cfc64368c17224f71c5112464f3736c"
      }
    ],
    "corrections": [
      {
        "date": "2026-09-24",
        "kind": "admission",
        "subject": "index",
        "summary": "Seven companies admitted after each was sourced to its own SEC quarterly filing: Twenty One Capital, Strive, Hut 8, Riot Platforms, Trump Media & Technology Group, CleanSpark and Nakamoto. The divisor was adjusted so the level did not move on admission."
      },
      {
        "date": "2026-09-25",
        "kind": "revision",
        "subject": "strategy, mara-holdings, metaplanet",
        "summary": "Share counts for Strategy, MARA Holdings and Metaplanet re-sourced from an aggregator to each company's own filing. The divisor was adjusted so the level did not move on the revision."
      },
      {
        "date": "2026-09-25",
        "kind": "admission",
        "subject": "index",
        "summary": "Tesla, Coinbase Global, Block and Core Scientific admitted under methodology 1.2, which caps any single company at 20% of the index. The divisor was adjusted so the level did not move on admission."
      },
      {
        "date": "2026-09-27",
        "kind": "admission",
        "subject": "index",
        "summary": "Ten companies admitted under methodology 1.3, which adds rule R5 (one corporate group, one row, at its primary listing) and records a sourced free-float figure where a filing states one. The divisor was adjusted so the level did not move on admission."
      },
      {
        "date": "2026-09-28",
        "kind": "methodology",
        "subject": "methodology",
        "summary": "Methodology 1.4: rule R2 now names the kinds of source that can establish a listing — the exchange's own record, a securities regulator's registrant record, or the issuer's own regulated filing — so a company listed outside the United States enters on its own market's record."
      },
      {
        "date": "2026-09-28",
        "kind": "admission",
        "subject": "index",
        "summary": "Eight companies admitted under methodology 1.4, five of them listed outside the United States. The divisor was adjusted so the level did not move on admission."
      },
      {
        "date": "2026-09-29",
        "kind": "methodology",
        "subject": "methodology",
        "summary": "Methodology 1.5: three independence statements added — eligibility never depends on any relationship with the publisher and no constituent pays to be included or to remain; constituent changes are published to everyone at one timestamp; the index is not a registered benchmark and is not administered by a registered benchmark administrator. Closes are now refreshed daily and each day's level is recorded in the research series."
      },
      {
        "date": "2026-10-01",
        "kind": "methodology",
        "subject": "research series",
        "summary": "Methodology 1.6: a series row is dated by the day most constituents closed, not by the newest close, and a day on which fewer than half the constituents closed gets no row. The 2026-09-29 and 2026-09-30 rows are withdrawn."
      },
      {
        "date": "2026-10-02",
        "kind": "revision",
        "subject": "strategy, mara-holdings",
        "summary": "Holdings re-read from each company's newest filing: Strategy 845,050 to 847,666 BTC as of 2026-09-27 (Form 8-K filed 2026-09-28); MARA Holdings 35,303 to 35,577 BTC as of 2026-06-30 (Form 10-Q filed 2026-08-06). Each figure now carries the date the filing states it at."
      },
      {
        "date": "2026-10-02",
        "kind": "methodology",
        "subject": "methodology",
        "summary": "Methodology 1.7: a quarterly review rule (March, June, September, December, effective at the last trading day's close) with a check for unlicensed use of the index name at each review, and a Cite-this block carrying three statements of what CoinBucha does not do."
      },
      {
        "date": "2026-10-04",
        "kind": "pending_admission",
        "subject": "pipeline",
        "summary": "Eight companies admitted pending the next quarterly review: Cipher Digital, Fold Holdings, Exodus Movement, GD Culture Group, Figma, HIVE Digital Technologies, Bit Digital and GameStop. None enters the level, the weights or the divisor before the review."
      },
      {
        "date": "2026-10-08",
        "kind": "revision",
        "subject": "strategy, metaplanet, strive",
        "summary": "Holdings re-read from each company's newest primary disclosure: Strategy 847,666 to 848,000 BTC as of 2026-10-04 (the issuer's BTC ledger); Metaplanet 43,000 (published without a date) to 44,000 BTC as of 2026-09-30 (the issuer's treasury tracker, purchase history); Strive 19,864 to 27,462 BTC as of 2026-09-25 (Form 8-K filed 2026-09-28)."
      },
      {
        "date": "2026-10-09",
        "kind": "revision",
        "subject": "strive",
        "summary": "Holdings re-read from Strive's newest primary disclosure: 27,462 to 28,000 BTC as of 2026-09-30 (Form 8-K filed 2026-10-05, Item 8.01, 9/30/2026 balance sheet)."
      }
    ],
    "corrections_url": "https://coinbucha.com/listed-bitcoin/corrections",
    "measurement_note": "This index is a measurement of a published universe. It is not a tradeable product, not a recommendation, and no part of it says anything about whether any security should be bought, held or sold.",
    "not_advice": "Information, not financial advice."
  },
  "data_contract": {
    "source": [
      {
        "id": "coinbucha",
        "url": "https://coinbucha.com/data#rights-coinbucha"
      },
      {
        "id": "sec-edgar",
        "url": "https://coinbucha.com/data#rights-sec-edgar"
      },
      {
        "id": "issuer-and-exchange",
        "url": "https://coinbucha.com/data#rights-issuer-and-exchange"
      },
      {
        "id": "yahoo",
        "url": "https://coinbucha.com/data#rights-yahoo"
      }
    ],
    "as_of": "2026-10-09",
    "status": "frozen",
    "corrections_url": "https://coinbucha.com/data#corrections",
    "license": {
      "clause": "Reuse with attribution. Attribute as “CoinBucha (coinbucha.com)” and carry the as_of date with any figure. Figures are third-party. Compiled from the primary sources named on each page; those sources keep their own rights and CoinBucha claims none.",
      "url": "https://coinbucha.com/methodology#terms",
      "not_covered": [
        "yahoo"
      ]
    }
  }
}