{ "version": 1, "as_of": "2026-10-18T22:37:09.066Z", "license": "Free to use with attribution to cebetracker.io", "terms_date": "2026-09-11", "rules_version": "2026-10-15.1", "methodology": "https://cebetracker.io/methodology/", "btc_price_live": 81569, "btc_price_live_as_of": "2026-10-18T22:36:50.000Z", "btc_price_live_source": "coingecko", "fx_source": "coingecko", "notes": "This feed serves the same construction on two explicit bases, and every price is dated. SNAPSHOT BASIS (the verified, filing-anchored view): balance sheet figures are from each company's latest snapshot, sourced from primary filings (see per-company source), and btc_price is the BTC/USD price on as_of. senior_claims_pct, cebe_sats, and cebe_mnav are computed at that price. A dated btc_price is not stale data; it is the price at which the filing-anchored figures were anchored. LIVE BASIS (the same construction marked to current price): btc_price_live is the current BTC/USD price (CoinGecko, or when it fails a backup live source, named by btc_price_live_source and timestamped by btc_price_live_as_of), and senior_claims_pct_live, cebe_sats_live, and cebe_mnav_live recompute the identical formula at that price, so fiat claims re-convert and the whole lens moves together. Formula on either basis: claims = max(0, (debt_usd + preferred_usd - cash_usd - strc_holdings_usd) / btc_price_basis + btc_claim_static) / btc_holdings, capped to [0, 100]; where an issuer files only a net figure, net_claims_usd carries it, the formula takes it in place of the four fiat terms, and claims_basis reads filed_net; cebe_sats = btc_holdings * (1 - claims) / basic_shares, in satoshis; cebe_mnav = market_cap_usd / (btc_holdings * (1 - claims) * btc_price_basis). Net Senior Claims carries three fiat terms, Debt plus Preferred less Cash, with strc_holdings_usd netting issuer-held senior securities. preferred_usd is carried at ACCRUED liquidation preference, so declared but unpaid arrears are already inside it. dividends_payable_usd is served as a NON-NETTING DISCLOSURE field and is not an input to any figure in this feed: adding it to the formula above would double-count the arrears that preferred_usd already carries. It is null when the company has not reported the figure and 0 when it has reported that none stands declared and unpaid; those are different facts and null is not a zero. stock_price is USD, struck on the most recent real trade among the admitted venues for that company (config/tickers.js derivedVenues; a quote-only venue never strikes, and a print older than the last close on the primary listing never strikes), converted at the cross rates named by fx_source; it is the last available trade or close, timestamped by stock_price_as_of and named by stock_price_venue, never a live tick. When no quote can strike, stock_price is null and stock_price_withheld_reason says why. market_cap_usd = stock_price * basic_shares. stock_price_native and stock_price_currency are the same struck quote before conversion. sats_per_100_stock_live = cebe_sats_live / stock_price * 100, rounded. Stock-derived fields are null when no dated quote is available; live-basis fields are null when no live BTC price is available. ADJUSTED CEBE (valuation layer, not a measurement): cebe_adjusted_sats carries each admitted instrument in its expected state at the delivery prior of the moneyness band its strike falls in at the row's close: a convert or convertible preferred adds the expected shares and releases the expected claim; a cash-strike warrant or option adds the expected shares and the expected exercise proceeds in BTC at btc_price; a share grant adds the expected shares; a combination-settlement note keeps its principal as a claim and adds the expected shares above it; a pre-funded warrant is already in basic shares. It is struck at btc_price like cebe_sats, on the same row. cebe_adjusted_mnav is stock_price over that figure valued at btc_price; adjusted_priors_version dates the priors and adjusted_status reads est, prior under test. The priors are under test and the figure is an estimate. A company serves Adjusted CEBE only where its serving gate passes, and the gate is the vertex range: Adjusted CEBE lies between the minimum and the maximum of the figure over every subset of its admitted instruments delivered (each at full delivery or none, exercise proceeds included on the same construction), inclusive; a leg with an exercise price below CEBE's value per share lowers CEBE and that is the finding, not a hold. adjusted_side states the side against cebe_sats in plain words, naming the leg class that moves it, and the same sentence follows the served prefix on adjusted_status. A company that fails, or whose row carries no share price at its close for an admitted instrument, holds: the three figures are null and adjusted_status reads held with the reason. All four are null where no adjustment applies (no admitted instrument moves the row, or a pending row). RULES: every snapshot-basis figure is computed through one rules file, config/rules.js; rules_version, on the payload and on each company, names the version, and a change to the rules bumps it, recomputes every row, and is logged on /corrections/. Contract: additive changes only.", "companies": [ { "ticker": "MSTR", "former_ticker": null, "name": "Strategy", "as_of": "2026-10-11", "pending_fields": [], "btc_holdings": 848250, "debt_usd": 6753703000, "preferred_usd": 13764729100, "cash_usd": 5520500000, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": false, "balance_sheet_carried": null, "btc_claim_static": 0, "basic_shares": 422118949, "btc_price": 83690.87, "btc_price_as_of": "2026-10-11", "senior_claims_pct": 21.13, "cebe_sats": 158496, "stock_price": 136.83, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "Nasdaq", "stock_price_withheld_reason": null, "market_cap_usd": 57758535792, "cebe_mnav": 1.032, "senior_claims_pct_live": 21.68, "cebe_sats_live": 157392, "cebe_mnav_live": 1.066, "stock_price_native": 136.83, "stock_price_currency": "USD", "sats_per_100_stock_live": 115027, "cebe_adjusted_sats": 155475, "cebe_adjusted_mnav": 1.052, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; below standing: expected shares above principal on combination notes", "adjusted_side": "below standing: expected shares above principal on combination notes", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "8-K filed 2026-10-13, acc 0001193125-26-419726, covering 2026-10-05 to 2026-10-11. Debt carried from the 2026-06-30 balance (Q2 10-Q acc 0001050446-26-000044, all-principal basis); no debt event in this 8-K." }, { "ticker": "MTPLF", "former_ticker": null, "name": "Metaplanet", "as_of": "2026-09-30", "pending_fields": [], "btc_holdings": 44000, "debt_usd": 700772800, "preferred_usd": 151678805.52, "cash_usd": 76621737.36, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": 776658828.4, "net_claims_usd_verified": false, "claims_basis": "filed_net", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 0, "basic_shares": 1364255696, "btc_price": 83576.13, "btc_price_as_of": "2026-09-30", "senior_claims_pct": 21.12, "cebe_sats": 2544, "stock_price": 1.63, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "yahoo", "stock_price_venue": "OTC", "stock_price_withheld_reason": null, "market_cap_usd": 2223736784, "cebe_mnav": 0.767, "senior_claims_pct_live": 21.64, "cebe_sats_live": 2527, "cebe_mnav_live": 0.791, "stock_price_native": 1.63, "stock_price_currency": "USD", "sats_per_100_stock_live": 155031, "cebe_adjusted_sats": 2366, "cebe_adjusted_mnav": 0.824, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; below standing: expected shares from warrants and options with exercise prices below CEBE per share", "adjusted_side": "below standing: expected shares from warrants and options with exercise prices below CEBE per share", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "TDnet 140120261005546274 (English; Japanese original 140120261005546273), Notice of Additional Purchase of Bitcoin, disclosed 2026-10-05, for BTC holdings 44,000, fully diluted shares and the filed net of JPY 122,374M in net claims; TDnet 140120261001544425, 2026-10-01, for shares net of treasury at 2026-09-30; debt and preferred carried from the 2026-06-30 basis, H1 FY2026 kessan tanshin TDnet 140120260812518571, EST; cash from that basis plus the filed flows to 2026-09-30, floored at zero, EST; the bitcoin price per the CoinGecko D+1 close convention" }, { "ticker": "ASST", "former_ticker": null, "name": "Strive", "as_of": "2026-10-13", "pending_fields": [], "btc_holdings": 35595, "debt_usd": 0, "preferred_usd": 1403017600, "cash_usd": 444540329, "strc_holdings_usd": 50328000, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": false, "balance_sheet_carried": null, "btc_claim_static": 0, "basic_shares": 124061907, "btc_price": 83115, "btc_price_as_of": "2026-10-13", "senior_claims_pct": 30.7, "cebe_sats": 19884, "stock_price": 24.09, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "Nasdaq", "stock_price_withheld_reason": null, "market_cap_usd": 2988651340, "cebe_mnav": 1.458, "senior_claims_pct_live": 31.28, "cebe_sats_live": 19717, "cebe_mnav_live": 1.498, "stock_price_native": 24.09, "stock_price_currency": "USD", "sats_per_100_stock_live": 81847, "cebe_adjusted_sats": null, "cebe_adjusted_mnav": null, "adjusted_priors_version": null, "adjusted_status": null, "adjusted_side": null, "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "8-K Oct 14, 2026 (acc 0001628280-26-065816), as of Oct 13, 2026, with balances from 8-K Oct 13, 2026 (acc 0001628280-26-065595), as of Oct 9, 2026. EDGAR VERIFIED: https://www.sec.gov/Archives/edgar/data/1920406/000162828026065816/asst-20261014.htm" }, { "ticker": "TSWCF", "former_ticker": null, "name": "Smarter Web Co", "as_of": "2026-10-15", "pending_fields": [], "btc_holdings": 2830, "debt_usd": 21233225.75, "preferred_usd": 14745413.62, "cash_usd": 8567410.18, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 0, "basic_shares": 378240705, "btc_price": 82155.54, "btc_price_as_of": "2026-10-15", "senior_claims_pct": 11.79, "cebe_sats": 660, "stock_price": 0.7045, "stock_price_as_of": "2026-10-16T16:10:09.000Z", "stock_price_source": "yahoo", "stock_price_venue": "LSE", "stock_price_withheld_reason": null, "market_cap_usd": 266470577, "cebe_mnav": 1.299, "senior_claims_pct_live": 11.87, "cebe_sats_live": 659, "cebe_mnav_live": 1.31, "stock_price_native": 0.5284, "stock_price_currency": "GBP", "sats_per_100_stock_live": 93542, "cebe_adjusted_sats": 619, "cebe_adjusted_mnav": 1.385, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; below standing: expected shares from warrants and options with exercise prices below CEBE per share", "adjusted_side": "below standing: expected shares from warrants and options with exercise prices below CEBE per share", "wrapper_annual_usd": 7662000, "wrapper_annual_usd_verified": false, "source": "RNS 0989Z, Bitcoin Purchase, 15 Oct 2026 07:00 BST (exchange article 17836373, payload sha256 0e1226141d86172a571d9f328d08410ed44f1cc730833c5c58b470147bd002bc; company copy https://www.smarterwebcompany.co.uk/smarterweb-co-uk/_img/pdf/news/2026-10-15-bitcoin-purchase.pdf sha256 aa5702eecb21d97e88ffb7e65e51bf59973def068ec26c2bc518f5620491a480): 83 Bitcoin bought for GBP 5,202,111 (average GBP 62,676), total holdings 2,830; Coinbase facility drawings to decrease from approximately GBP 17 million to approximately GBP 16 million after the purchase, some MORE net proceeds having been applied to the facility; shares 378,240,705 per RNS 4890Y 12 Oct 2026, no share change stated since; MORE Preferred Shares 111,112 admitted 14 Oct 2026 (RNS 8238Y); the bitcoin price and fx are the 15 Oct close, CoinGecko D+1 16-10-2026 (BTC-USD 82,155.54 / BTC-GBP 61,907.16, cross 1.32707660948) per the CoinGecko D+1 close convention; wrapper fee carried forward EST from TSWCF_20260902; stock price 53.0 GBp, the 15 Oct LSE Main Market close" }, { "ticker": "ALCPB", "former_ticker": null, "name": "Capital B", "as_of": "2026-09-28", "pending_fields": [], "btc_holdings": 3538, "debt_usd": 9590443.54, "preferred_usd": 0, "cash_usd": 6399829.63, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 779.95, "basic_shares": 38467809, "btc_price": 83479, "btc_price_as_of": "2026-09-28", "senior_claims_pct": 23.13, "cebe_sats": 7070, "stock_price": 6.1695, "stock_price_as_of": "2026-10-16T15:35:02.000Z", "stock_price_source": "yahoo", "stock_price_venue": "Euronext", "stock_price_withheld_reason": null, "market_cap_usd": 237327148, "cebe_mnav": 1.045, "senior_claims_pct_live": 23.15, "cebe_sats_live": 7068, "cebe_mnav_live": 1.07, "stock_price_native": 5.496, "stock_price_currency": "EUR", "sats_per_100_stock_live": 114564, "cebe_adjusted_sats": 7557, "cebe_adjusted_mnav": 0.978, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; above standing: expected exercise proceeds from warrants and options", "adjusted_side": "above standing: expected exercise proceeds from warrants and options", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "Capital B press release 2026-09-28 08:00 CET, FR reference text sha256 2044382e3b8e1348, https://cptlb.com/wp-content/uploads/2026/09/AcMj7ouNh2/20260928-Capital-B-CP-28-septembre-2026-FR-FINAL.pdf. BTC 3,538 and shares 38,467,809 as of the release date; OCA claim unchanged at 821 BTC, no conversion." }, { "ticker": "OBTC3", "former_ticker": null, "name": "OranjeBTC", "as_of": "2026-10-12", "pending_fields": [], "btc_holdings": 3950, "debt_usd": 93501022.23, "preferred_usd": 0, "cash_usd": 32638085.119999997, "strc_holdings_usd": 18279000, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 0, "basic_shares": 140659580, "btc_price": 81794.85, "btc_price_as_of": "2026-10-12", "senior_claims_pct": 13.18, "cebe_sats": 2438, "stock_price": 1.3684, "stock_price_as_of": "2026-10-16T20:05:00.000Z", "stock_price_source": "yahoo", "stock_price_venue": "B3", "stock_price_withheld_reason": null, "market_cap_usd": 192478569, "cebe_mnav": 0.686, "senior_claims_pct_live": 13.22, "cebe_sats_live": 2437, "cebe_mnav_live": 0.688, "stock_price_native": 6.93, "stock_price_currency": "BRL", "sats_per_100_stock_live": 178091, "cebe_adjusted_sats": 2439, "cebe_adjusted_mnav": 0.686, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; above standing: expected exercise proceeds from warrants and options", "adjusted_side": "above standing: expected exercise proceeds from warrants and options", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "Comunicado ao Mercado 12/10/2026, Negociacoes de Tesouraria (period 05/10 to 12/10/2026), OranjeBTC IR document store file 12ff32f8-c4fe-4912-8a90-b2e451c590e8, PDF sha256 3faca49e1cb2a84421275c8514d5f47227d2e0d6ea40a7776eb50ea2f818339d. English version, Market Announcement of the same date, IR store d4f145f4-d374-4e82-8ccb-c9023760988e, PDF sha256 7604abab28ef1bfce0908ef6cae83a2bc897a8b9f2ed323c9cfb54f31dd3c398. Share price: B3 daily quotation file COTAHIST_D09102026.ZIP (bvmf.bmfbovespa.com.br/InstDados/SerHist), sha256 84f1bbf0a7f7d7d1f27c3d508c44c467797b2d44ce563fb46a6d667dd88e4029, OBTC3 spot market, last price 09/10/2026." }, { "ticker": "SVIA", "former_ticker": "BRR", "name": "Silvia, Inc.", "as_of": "2026-10-06", "pending_fields": [], "btc_holdings": 4965, "debt_usd": 99600000, "preferred_usd": 0, "cash_usd": 15338000, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": false, "balance_sheet_carried": null, "btc_claim_static": 0, "basic_shares": 78665076, "btc_price": 85540.09, "btc_price_as_of": "2026-10-06", "senior_claims_pct": 19.84, "cebe_sats": 5059, "stock_price": 3.66, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "Nasdaq", "stock_price_withheld_reason": null, "market_cap_usd": 287914178, "cebe_mnav": 0.846, "senior_claims_pct_live": 20.81, "cebe_sats_live": 4998, "cebe_mnav_live": 0.898, "stock_price_native": 3.66, "stock_price_currency": "USD", "sats_per_100_stock_live": 136557, "cebe_adjusted_sats": 5209, "cebe_adjusted_mnav": 0.821, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; above standing: expected exercise proceeds from warrants and options", "adjusted_side": "above standing: expected exercise proceeds from warrants and options", "wrapper_annual_usd": 15160000, "wrapper_annual_usd_verified": false, "source": "Issuer release 2026-10-07, https://investors.cfosilvia.com/news-releases/news-release-details/silvia-repurchases-additional-5-shares-outstanding-bringing, sha256 of the page HTML f46932407cf42cfff9c02846cd865d1765be2c42a796edaccf83f6dbadbef5a7 (Business Wire source https://www.businesswire.com/news/home/20261007554538/en/ refused the fetch, HTTP 403) | debt, preferred, cash and wrapper carried from 10-Q Q2 2026, acc 0001493152-26-037756" }, { "ticker": "NAKA", "former_ticker": null, "name": "Nakamoto", "as_of": "2026-06-30", "pending_fields": [], "btc_holdings": 4467, "debt_usd": 165000000, "preferred_usd": 0, "cash_usd": 19322000, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": false, "btc_claim_static": 0, "basic_shares": 18987567, "btc_price": 58566, "btc_price_as_of": "2026-06-30", "senior_claims_pct": 55.68, "cebe_sats": 10426, "stock_price": 7.13, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "Nasdaq", "stock_price_withheld_reason": null, "market_cap_usd": 135381353, "cebe_mnav": 1.168, "senior_claims_pct_live": 39.98, "cebe_sats_live": 14120, "cebe_mnav_live": 0.619, "stock_price_native": 7.13, "stock_price_currency": "USD", "sats_per_100_stock_live": 198036, "cebe_adjusted_sats": 10462, "cebe_adjusted_mnav": 1.164, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; above standing: expected exercise proceeds from warrants and options", "adjusted_side": "above standing: expected exercise proceeds from warrants and options", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "Q2 2026 Form 10-Q acc 0001493152-26-037603, filed 2026-08-13: balance sheet p.2 (cash and cash equivalents 19,072 thousand; notes payable 164,704 thousand net, the 165.0 million USDT face per Note 7 p.19; 17,894,943 common shares), Note 4 p.16 (4,467 Bitcoin; USDT 227 and USDC 23 thousand at fair value, counted as cash), MD&A p.36 (the issuer's Bitcoin price of $58,532 on June 30, 2026, recorded in notes as the issuer's mark; the bitcoin price carries the CoinGecko close for 2026-06-30 under the site convention). Pre-funded warrants 1,092,624, VERIFIED by derivation from filings: FY2025 10-K acc 0001493152-26-013601 (61,704,975 outstanding at 2026-03-23, pre-split) over 40, less the 450,000 cashless warrant exercise in the Q2 10-Q equity statement. They are inside shares outstanding at this row: the tracker counts Nakamoto's pre-funded warrants in basic shares on every row (restated 2026-10-07, reversing a 2026-10-06 restatement that had carried the 17,894,943 common alone)." }, { "ticker": "DDC", "former_ticker": null, "name": "DDC Enterprise", "as_of": "2026-09-02", "pending_fields": [], "btc_holdings": 2899, "debt_usd": 36123736, "preferred_usd": 0, "cash_usd": 19801179, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 0, "basic_shares": 56841260, "btc_price": 77297, "btc_price_as_of": "2026-09-02", "senior_claims_pct": 7.28, "cebe_sats": 4729, "stock_price": 0.151, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "NYSE", "stock_price_withheld_reason": null, "market_cap_usd": 8583030, "cebe_mnav": 0.041, "senior_claims_pct_live": 6.9, "cebe_sats_live": 4748, "cebe_mnav_live": 0.039, "stock_price_native": 0.151, "stock_price_currency": "USD", "sats_per_100_stock_live": 3144371, "cebe_adjusted_sats": null, "cebe_adjusted_mnav": null, "adjusted_priors_version": null, "adjusted_status": null, "adjusted_side": null, "wrapper_annual_usd": 0, "wrapper_annual_usd_verified": false, "source": "As dispatched 2026-09-17. Date and price: the bitcoin price 77,297 is the 2026-09-02 print on the site D+1 basis, CoinGecko history date=03-09-2026 returning 77,297.13, the same value ALCPB_20260902_R and TSWCF_20260902 carry for this date. Balance-sheet fields: H1 2026 6-K acc 0001213900-26-096455 at 2026-06-30. Share count: same filing's cover, as of 2026-09-02." }, { "ticker": "HOGPF", "former_ticker": null, "name": "H100 Group", "as_of": "2026-08-10", "pending_fields": [], "btc_holdings": 3506.4, "debt_usd": 23161954.54, "preferred_usd": 0, "cash_usd": 1907331.11, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": true, "btc_claim_static": 0, "basic_shares": 1128931358, "btc_price": 63916, "btc_price_as_of": "2026-08-10", "senior_claims_pct": 9.48, "cebe_sats": 281, "stock_price": null, "stock_price_as_of": null, "stock_price_source": null, "stock_price_venue": null, "stock_price_withheld_reason": "no admitted venue with a quote feed", "market_cap_usd": null, "cebe_mnav": null, "senior_claims_pct_live": 7.43, "cebe_sats_live": 288, "cebe_mnav_live": null, "stock_price_native": null, "stock_price_currency": null, "sats_per_100_stock_live": null, "cebe_adjusted_sats": 280, "cebe_adjusted_mnav": null, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; below standing: expected shares from converts", "adjusted_side": "below standing: expected shares from converts", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "Completion PR 2026-08-10 (BTC + shares + debt-free target); CoinGecko D+1 close of 2026-08-10 (BTC + SEK cross); Q1 2026 Interim (SEK debt face carried); Q2 2026 interim 2026-08-19 (2026-06-30 cash carried forward)" }, { "ticker": "XXI", "former_ticker": null, "name": "Twenty One Capital", "as_of": "2026-06-30", "pending_fields": [], "btc_holdings": 43514, "debt_usd": 486716222, "preferred_usd": 0, "cash_usd": 106132084, "strc_holdings_usd": 0, "dividends_payable_usd": null, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": false, "btc_claim_static": 0, "basic_shares": 346807836, "btc_price": 58566.09, "btc_price_as_of": "2026-06-30", "senior_claims_pct": 14.93, "cebe_sats": 10673, "stock_price": 5.62, "stock_price_as_of": "2026-10-16T20:00:00.000Z", "stock_price_source": "finnhub", "stock_price_venue": "NYSE", "stock_price_withheld_reason": null, "market_cap_usd": 1949060038, "cebe_mnav": 0.899, "senior_claims_pct_live": 10.72, "cebe_sats_live": 11202, "cebe_mnav_live": 0.615, "stock_price_native": 5.62, "stock_price_currency": "USD", "sats_per_100_stock_live": 199324, "cebe_adjusted_sats": null, "cebe_adjusted_mnav": null, "adjusted_priors_version": null, "adjusted_status": null, "adjusted_side": null, "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null, "source": "VERIFIED per Q2 2026 10-Q filed 2026-08-11 (accession 0001213900-26-087471). June 30 2026 period-end: 346807836 Class A (Note 9), 215736011 Class B (Note 9), 43514 BTC (Note 6), cash 106132084 (Note 3 and Liquidity), convert face 486500000 and no preferred (Notes 7 and 9). Denominator = Class A only per Certificate of Formation; Class B carries zero economic rights." }, { "ticker": "CASH3", "former_ticker": null, "name": "Méliuz", "as_of": "2026-06-30", "pending_fields": [], "btc_holdings": 604.69, "debt_usd": 816338.92, "preferred_usd": 0, "cash_usd": 14036701.69, "strc_holdings_usd": 0, "dividends_payable_usd": 0, "net_claims_usd": null, "net_claims_usd_verified": null, "claims_basis": "components", "rules_version": "2026-10-15.1", "computed_from_raw": true, "balance_sheet_carried": false, "btc_claim_static": 0, "basic_shares": 113226097, "btc_price": 58566.09, "btc_price_as_of": "2026-06-30", "senior_claims_pct": 0, "cebe_sats": 534, "stock_price": 0.9853, "stock_price_as_of": "2026-10-16T20:04:00.000Z", "stock_price_source": "yahoo", "stock_price_venue": "B3", "stock_price_withheld_reason": null, "market_cap_usd": 111561673, "cebe_mnav": 3.15, "senior_claims_pct_live": 0, "cebe_sats_live": 534, "cebe_mnav_live": 2.262, "stock_price_native": 4.99, "stock_price_currency": "BRL", "sats_per_100_stock_live": 54197, "cebe_adjusted_sats": 524, "cebe_adjusted_mnav": 3.211, "adjusted_priors_version": "2026-10-08", "adjusted_status": "est, prior under test; below standing: expected shares from warrants and options with exercise prices below CEBE per share", "adjusted_side": "below standing: expected shares from warrants and options with exercise prices below CEBE per share", "wrapper_annual_usd": 0, "wrapper_annual_usd_verified": false, "source": "ITR 2T26 (Informacoes Trimestrais at 30/06/2026), Meliuz S.A., IR document https://ri.meliuz.com.br/Download.aspx?Arquivo=Kca34ztJCbCdBgIYJMywNQ== PDF sha256 ff129edd258bd013f8c07ab8b2f30e978bc4f98089ca760f1a646d34c09220a8, Docusign 8879E5F2-4DD2-87A0-80AF-34A2CB16F4D1. Raw filing cells filed 2026-10-11." } ] }