Corrections

The deals feed for Strive's SATA preferred stock did not add up to the filed series. One stretch of issuance was counted twice: 386,342 shares, $38,634,200 of preference, issued between 24 April and 1 May 2026 sat in a weekly row and again inside the 586,342 shares the quarterly report states for 1 April to 12 May. Seven rows showed a gross proceeds figure in the net proceeds field: two the quarterly report states as aggregate gross proceeds ($11.0M and $58.6M) and five computed as shares times $100 or $100.01, where no filing states net proceeds. And the feed began in April 2026, leaving out 4,262,728 shares, $426,272,800 of preference, issued from the November 2025 offering to the January 2026 note exchange. The double counted row is now flagged superseded, the seven gross figures are out of the net proceeds field and stated as gross in each row's source, and four rows are added from the filings. The only commission any filing states is a ceiling of up to 3.0%, so no net figure is derived from it. Where a filing does not state net proceeds the row carries gross in its source and a blank net proceeds cell.

Source: Strive, Inc. Form 10-K for 2025, accession 0001628280-26-019879 (2,012,729 SATA shares at 31 December 2025; 2,000,000 sold in the November 2025 offering for net proceeds of $148.4M; 13 thousand sold through the at the market program for gross proceeds of $1.2M; the January 2026 exchange of $90.0M of convertible notes for 929,999 SATA shares, qualified as approximate); Form 10-Q for the quarter ended 31 March 2026, accession 0001628280-26-034805 (1,320,000 shares sold on 27 January 2026 for net proceeds of $109.3M; 110 thousand shares for gross proceeds of $11.0M in the quarter; 586,342 shares for gross proceeds of $58.6M from 1 April to 12 May 2026); Form 8-K accessions 0001628280-26-025154, 0001628280-26-027329 and 0001628280-26-029526 (SATA shares outstanding on 13 April, 24 April and 1 May 2026, 4,373,194, 4,573,194 and 4,959,536); Form 8-K accession 0001140361-26-002606 (the note exchange brings no cash proceeds); prospectus supplement dated 9 December 2025, accession 0001140361-25-045043 (agent commission of up to 3.0% of gross proceeds); Form 10-Q for the quarter ended 30 June 2026, accession 0001628280-26-054985 (3,456,308 shares for gross proceeds of $345.7M in the quarter). Applied 2026-10-19: four rows added at 16:18 UTC, the double count flagged and every source restated at 16:25 UTC, seven net proceeds cells cleared at 18:12 UTC.

No headline figure moved: Senior Claims %, CEBE, the Adjusted figure and the Annual Wrapper do not read these rows. The Spread draws no cost on net proceeds for SATA before or after, since 16 of its 18 issuance rows carry no net proceeds, which is the partial coverage its rule requires. Deals feed, before and after: SATA preference summed over the live issuance rows $1,015,332,400 to $1,402,971,000, against the filed face of $1,403,017,600 (99.997%, 466 shares of the 31 March 2026 count not explained by any filing and not entered); live issuance rows 15 to 18. Net proceeds moved from a figure to blank: ASST-2026-03-31-02 11,000,000; ASST-2026-05-12-02 58,600,000; ASST-2026-09-11-03 40,254,100; ASST-2026-09-18-04 78,619,400; ASST-2026-09-25-04 100,902,000; ASST-2026-10-02-04 130,503,249; ASST-2026-10-09-04 53,214,721, in all $473,093,470, each now stated as gross in its row's source. The estimate flag on the first two went from FALSE to TRUE. Flagged superseded: ASST-2026-05-01-02 (386,342 shares). Added: ASST-2025-11-10-01 (2,000,000 shares, net proceeds $148,400,000), ASST-2025-12-31-01 (12,729 shares, gross only), ASST-2026-01-27-01 (1,320,000 shares, net proceeds $109,300,000) and ASST-2026-01-27-02 (929,999 shares, no cash). Dates served, from the first apply of each row: ASST-2026-05-01-02, ASST-2026-03-31-02 and ASST-2026-05-12-02 were on the feed by 14 September 2026, the earliest date the apply record shows them; the gross figure in net proceeds was served from 14 September 2026 on ASST-2026-09-11-03, 21 September on ASST-2026-09-18-04, 28 September on ASST-2026-09-25-04, 5 October on ASST-2026-10-02-04 and 13 October on ASST-2026-10-09-04, each until 18:12 UTC on 19 October 2026.

Strive's deal rows for common stock and bitcoin did not add up to what its filings state. The first quarter of 2026 was missing most of its share issuance: the Semler Scientific merger on 16 January 2026 issued 16,090,786 Class A shares and brought 5,048.1 bitcoin, restricted stock vesting issued 118,950 shares (and 29,334 more in the second quarter), and three bitcoin purchases (123, 333.89 and 179 bitcoin) had no row. The quarter's at the market row carried the note's rounded 8.2 million shares instead of the 8,182,150 the equity statement files. One week, 18 to 26 June 2026, had no row for its 76,942 new Class A shares. Two weekly rows for 24 April to 1 May 2026, 241,000 shares and 444 bitcoin, sat again inside the quarterly report's single figures for 1 April to 12 May. Two cells held figures that belong to no filed line: 9 bitcoin on a SATA preferred row and 59,200 shares on a bitcoin purchase row. Five purchase rows carried a rounded cost where the filing states only the coins and the average price; each now carries coins times average price, marked as an estimate. Two at the market rows carried the quarterly report's aggregate gross proceeds, $95.0M and $58.4M, in the net proceeds field; no filing states their net, so the field is blank and the gross is stated in each row's notes. And the at the market row for 1 April to 12 May 2026 also carried the $10.0M repurchase of the last Semler Scientific convertible notes, which the repurchase row already carries, so the feed retired $20.0M of a $10.0M balance; the claim is now on the repurchase row only. The seven missing rows are added from the filings, the two double counted rows are flagged superseded and kept for the record, and every other changed cell is restated to its filing. No row is added for the 317 bitcoin between 9 and 17 March 2026, because no filing states a purchase; it stays in the bridge residual.

Source: Strive, Inc. Form 10-Q for the quarter ended 31 March 2026, accession 0001628280-26-034805 (Statement of Changes in Stockholders' Equity: 16,090,786 shares in the business combination, 8,182,150 at the market shares, 118,950 on vesting; Note 3, 13,628 bitcoin at 31 March 2026; Note 11, aggregate gross proceeds of $95.0M on the quarter's at the market sales; Note 16, 3,894,512 Class A shares for aggregate gross proceeds of $58.4M, 586,342 SATA shares, the repurchase of the remaining convertible notes, and 1,381 bitcoin at about $76,524 from 1 April to 12 May 2026, and 15,009 bitcoin at 12 May); Form 10-Q for the quarter ended 30 June 2026, accession 0001628280-26-054985 (116,535 Class B shares converted to Class A in the quarter, and 29,334 shares on vesting); Form 8-K accessions 0000950103-26-000616 (merger completed 16 January 2026), 0001628280-26-001928 (123 bitcoin for $11,264,000, and Semler Scientific's 5,048.1 bitcoin), 0001140361-26-002606 (333.89 bitcoin at $89,851), 0001628280-26-016664 (179 bitcoin), 0001628280-26-019636 (13,628 bitcoin at 17 March 2026), 0001628280-26-027329 and 0001628280-26-029526 (24 April and 1 May 2026), 0001628280-26-036139, 0001628280-26-037925, 0001628280-26-039677, 0001628280-26-041386, 0001628280-26-043032, 0001628280-26-044484 and 0001628280-26-045883 (the weekly tables, 13 May to 26 June 2026). Applied 2026-10-20.

Senior Claims %, CEBE and the Adjusted figure did not move: they read the snapshots, and no snapshot changed. /charts/, the CEBE bridge for Strive, 31 December 2025 to 31 March 2026 (start 13,625 and end 13,300 sats, unchanged): coins from deals n/a to 5,683.99, and the bitcoin acquired leg from n/a to +12,697 sats; shares from deals 2,942,728 to 19,033,514, and the share issuance leg from -440 to -5,918 sats; the residual from 6,599 sats, 48.43% of the start, to -620 sats, 4.55%. 31 March to 30 June 2026 (start 13,300 and end 11,850, unchanged): coins from deals 6,689 to 6,679.61, bitcoin acquired leg +9,672 to +9,658 sats; shares from deals 26,243,234 to 26,362,076, share issuance leg -4,043 to -4,052 sats; residual 1,197 sats, 9.00%, to 1,220 sats, 9.17%. 30 June to 21 August 2026, where the second quarter's vesting row falls by its filing date of 10 August: shares from deals 6,013,187 to 6,042,521, share issuance leg -1,092 to -1,097 sats, residual 296 sats, 2.50%, to 301 sats, 2.54%. All three residuals stay above the card's two percent mark; the bridge does not yet leave out superseded rows, and it windows rows by filing date, so the quarterly report's rows filed on 14 May 2026 fall in the second pair. Issuance tape: the 14 May 2026 at the market print for the first quarter, 8,200,000 to 8,182,150 shares, proceeds $95.0M to n/a, sats per share 17,011 to n/a, test above to n/a; the 14 May 2026 print for 1 April to 12 May, instrument SEMLER_CONVERT to common ATM, proceeds $58.4M to n/a, sats per share 22,018 to n/a, test above to n/a; the bitcoin bought beside the 19 May 2026 at the market and SATA prints 382 to 381.61. Deals rows, before and after: ASST-2026-03-31-01 shares 8,200,000 to 8,182,150 and net proceeds $95,000,000 to blank, the gross now in notes; ASST-2026-05-12-01 net proceeds $58,400,000 to blank, the gross now in notes, and claims retired -$10,000,000 to blank, with its instrument ASST_SEMLER_CONVERT to blank (ASST-2026-05-12-04 keeps the -$10,000,000); ASST-2026-05-01-01 (241,000 shares) and ASST-2026-05-01-03 (444 bitcoin, -$33,900,000) to superseded; ASST-2026-05-12-02 bitcoin 9 to blank; ASST-2026-05-12-03 shares 59,200 to blank, cost blank to -$105,679,644, estimated, and date blank to 12 May 2026; ASST-2026-05-18-03 bitcoin 382 to 381.61 and cost -$30,287,000 to -$30,279,990; ASST-2026-05-22-03 -$85,387,000 to -$85,380,801; ASST-2026-06-05-02 -$2,045,000 to -$2,045,152; ASST-2026-06-12-02 -$4,646,000 to -$4,646,158; ASST-2026-06-18-03 -$50,000,000 to -$49,980,150, each of the five now estimated. Added: ASST-2026-01-12-01 (123 bitcoin, -$11,264,000), ASST-2026-01-16-01 (the merger, 16,090,786 shares and 5,048.1 bitcoin), ASST-2026-01-28-01 (333.89 bitcoin, -$30,000,350, estimated), ASST-2026-03-09-01 (179 bitcoin, no cost filed), ASST-2026-03-31-03 (118,950 shares on vesting) ASST-2026-06-26-01 (76,942 shares, mechanism not stated) and ASST-2026-06-30-01 (29,334 shares on vesting in the second quarter). Capital events ledger: the 1 April to 12 May group's retired face -$20,000,000 to -$10,000,000. Against the snapshots on the bridge's own basis, basic shares outstanding: the first quarter's common rows now sum to 24,391,886, the measured change to the share; its bitcoin rows sum to 5,683.99 of the measured 6,001, the 317 unfiled; the second quarter's bitcoin rows, superseded rows left out, sum to 6,235.61 of the measured 6,236, and its common rows to 12,576,660 of the measured 12,786,042: 300,000 shares sold from 26 to 30 June sit in the week reported on 2 July, and the week to 1 June counts 90,618 shares that match the quarter's filed conversions from Class B, which no filing dates to a week; that row keeps its filed figure. Dates served: every changed cell, and the absence of every added row, was on the deals feed and /charts/ from 6 September 2026, when both launched, to 13:14 UTC on 20 October 2026; the rows were entered on the deals tab from May 2026.

Record: #A-585, #A-586, #A-587, applied 2026-10-20 13:04:44 to 13:15:49 UTC, RULINGS_2026-10-20-g

Strategy's Costs tab carried its Bitcoin segment offset at plus $368,112,000 a year, the second quarter of 2026's segment result with the unrealised loss on digital assets taken out, annualised by four. That result included a gain of $113.916 million on the extinguishment of debt, from the May 2026 repurchase of 2029 convertible notes. A gain on extinguishing debt happens once and does not recur, so annualising it by four counted $455,664,000 a year that Strategy will not earn again. The offset now excludes the gain: the quarter is minus $8,223,337 thousand as filed, plus the $8,315,365 thousand unrealised loss, less the $113,916 thousand gain, which is minus $21,888 thousand, and times four is minus $87,552,000. The segment's recurring result is a small loss, so the row is now a cost of $87,552,000 a year rather than an offset of $368,112,000. Nothing else in the segment result was changed.

Source: Strategy Inc Form 10-Q for the quarter ended 30 June 2026, accession 0001050446-26-000044. The segment note, three months ended 30 June 2026, gives the Bitcoin segment's net loss of (8,223,337) thousand, an unrealised loss on digital assets of (8,315,365) thousand and a gain on debt extinguishment of 113,916 thousand. Applied 2026-10-18 at 22:44:22 UTC.

Row, before and after: Bitcoin segment offset, plus $368,112,000 counted as an offset, to minus $87,552,000. On /company/MSTR/ and /tracker/, Strategy's net annual cost to common (the Wrapper) goes from $1,238,902,499 to $1,694,566,499, and as a share of the costs reserve of $53,460,604,516 from 2.3174% to 3.1697%. On /company/MSTR/, break-even CAGR goes from 2.32% to 3.17%, the Spread at 25% from 22.68% to 21.83%, and coverage on cash of $5,520,500,000 (the 11 October 2026 row) from 4.456x to 3.258x. On /tracker/, the Cycle mNAV multiplier over four years goes from 1.0983 to 1.1375. On /credit/, Strategy's runway goes from 53.5 to 39.1 months on a Wrapper of $1.24B to $1.69B, where the runway is shown. Senior Claims %, CEBE and Adjusted CEBE do not read the Costs tab and do not move.

Record: RULINGS_2026-10-18-b

The Smarter Web Company's Costs tab carried its website development services offset at minus $7,326,050 a year: the filed operating loss of £2,716,773 for the six months to 30 April 2026, annualised by two and converted at 1.3483. That loss holds £1,259,760 of listing fees, which Note 5 of the interim report lists, and the chief executive's statement attributes the loss predominantly to the one off costs of the move to the Main Market. A listing fee for an uplisting happens once, so annualising it by two counted $3,397,069 a year that will not recur. The offset now excludes the fees: minus £2,716,773 plus £1,259,760 is minus £1,457,013, times two is minus £2,914,026, and at 1.3483 is minus $3,928,981. Professional and legal fees and employee benefit expense stay in, because the notes do not file any part of either as an uplisting cost.

Source: The Smarter Web Company PLC unaudited condensed consolidated interim financial statements for the six months ended 30 April 2026, dated 30 June 2026. The statement of comprehensive income gives gross profit of £371,013, administrative expenses of £3,087,786 and an operating loss of £(2,716,773). Note 5 Operating loss gives listing fees of £1,259,760. Note 3 gives one operating segment. Applied 2026-10-19 at 16:30:12 UTC.

Row, before and after: website development services offset, minus $7,326,050 counted as a cost, to minus $3,928,981. On /company/TSWCF/ and /tracker/, The Smarter Web Company's net annual cost to common (the Wrapper) goes from $17,616,686 to $14,219,617, and as a share of the costs reserve of $212,335,000 from 8.2966% to 6.6968%. On /company/TSWCF/, break-even CAGR goes from 8.30% to 6.70%, the Spread at 25% from 16.70% to 18.30%, and coverage on cash of $8,567,410 (the 15 October 2026 row) from 0.486x to 0.603x. On /tracker/, the Cycle mNAV multiplier over four years goes from 1.4140 to 1.3195. On /credit/, the Annual Wrapper goes from $17.6M to $14.2M, and the runway, where it is shown, from 5.8 to 7.2 months. Senior Claims %, CEBE and Adjusted CEBE do not read the Costs tab and do not move.

Record: RULINGS_2026-10-19-b

H100 Group's Costs tab carried its Group operating offset at minus $2,492,209 a year: the audited operating loss for 2025 of SEK 340,493,167 with the unrealised revaluation of its bitcoin, SEK 317,465,158, added back, which is a loss of SEK 23,028,009, at 9.24. That loss holds a listing expense of SEK 6,591,172, recognised on the 2025 reverse acquisition as a share based payment for a listing service, which Note 28 of the annual report calls a one time expense. It does not recur, and the offset carries the year forward as an annual run rate. The offset now excludes it: minus SEK 23,028,009 plus SEK 6,591,172 is minus SEK 16,436,837, and at 9.24 is minus $1,778,878.

Source: H100 Group AB annual report 2025 with the auditors' report, published 22 May 2026 (storage document da02f2fe-4892-41da-ab01-d004d97af674). The consolidated statement of comprehensive income gives net sales of SEK 11,833,579, an operating loss of SEK (340,493,167) and a listing expense of SEK (6,591,172). Notes 13 and 26 give the revaluation recognised in profit or loss, as impairment, of SEK 317,465,158. Note 28 calls the listing expense a one time expense. Applied 2026-10-19 at 16:30:26 UTC.

Row, before and after: Group operating offset, minus $2,492,209 counted as a cost, to minus $1,778,878. On /company/HOGPF/ and /tracker/, H100 Group's net annual cost to common (the Wrapper) goes from $6,520,238 to $5,806,907, and as a share of the costs reserve of $92,048,000 from 7.0835% to 6.3086%. On /company/HOGPF/, break-even CAGR goes from 7.08% to 6.31%, the Spread at 25% from 17.92% to 18.69%, and coverage on cash of $1,907,331 (the 10 August 2026 row) from 0.293x to 0.328x. On /tracker/, the Cycle mNAV multiplier over four years goes from 1.3416 to 1.2978. On /credit/, the Annual Wrapper goes from $6.5M to $5.8M, and the runway, where it is shown, from 3.5 to 3.9 months. Senior Claims %, CEBE and Adjusted CEBE do not read the Costs tab and do not move.

Record: RULINGS_2026-10-19-b

Nakamoto's Costs tab marked its three segment results, the offsets against its costs, as the number 1 where every reader on the site looks for TRUE, so the three were added to its costs instead of taken from them. They are the filed second quarter 2026 operating results of its Media and Information Services, Asset Management and Bitcoin Operations segments, each with the goodwill impairment and the unrealised marks taken out and annualised: US$7,808,000, minus US$4,204,000 and US$38,700,000, together US$42,304,000. The rows now carry TRUE and FALSE, and the Bitcoin Operations offset is re-cut. That segment's result holds US$10,418 thousand of derivative revenue for the quarter, and the 10-Q does not split it into realised and unrealised parts. Its management discussion splits it by purpose: about US$9.3 million from mitigating a portion of the downside exposure to bitcoin, and US$1.2 million from capturing income from bitcoin's volatility. A recurring offset carries volatility or premium capture only, and directional or protective derivative gains are non-recurring and excluded, whether realised or not. The offset now carries the US$1.2 million, annualised, and excludes the protective gain. The Bitcoin Operations offset goes from US$38,700,000 to US$1,828,000, and the three offsets together from US$42,304,000 to US$5,432,000. Read as offsets, the Wrapper is the costs less that sum, a cost of 7.19% of the reserve, where it had read as a cost of 25.34%. The offset is revisited at the third quarter 2026 10-Q.

Source: Nakamoto Inc. Form 10-Q accession 0001493152-26-037603 for the quarter ended 2026-06-30, Note 13 Segment Information, three months: segment operating losses of US$(75,800), US$(25,632) and US$(41,094) thousand; Bitcoin Operations derivative revenue US$10,418 thousand; goodwill impairment US$80,595 and US$24,581 thousand; loss on the fair value of digital assets US$104 and US$48,607 thousand; investment gain US$(2,947) thousand and loss US$2,162 thousand; and the management discussion of Bitcoin Operations. Bitcoin Operations for the quarter: 9,675 thousand with the marks taken out, less 10,418 of derivative revenue, plus 1,200 of volatility income, is 457 thousand, and times four is US$1,828,000. Applied 2026-10-17: the Bitcoin Operations amount at 04:00:32 UTC, the flags at 04:00:54 UTC and 04:01:11 UTC; stored types read back at 04:05:07 UTC. The note on the Bitcoin Operations row carries the footnote: "Bitcoin Operations offset carries the 10-Q's stated volatility income (US$1.2M) only; the US$9.3M protective derivative gain is excluded as non-recurring. Revisited at the Q3 2026 10-Q."

Nakamoto's net annual cost to common (the Wrapper), on the costs reserve of US$261,614,322 (4,467 BTC at US$58,566), after all of the changes made between 04:00 and 04:05 UTC on 2026-10-17, which include the June Loan interest line (see the amendment under A conditional rate costed at one value no filing states). /company/NAKA/, with the one-time Pickett payment excluded: US$66,294,500 to US$18,821,000, Wrapper and break-even CAGR 25.34% to 7.19%, the Spread at 25% from minus 0.34% to 17.81%, coverage on cash of US$19,322,000 from 0.29 to 1.03 years. /tracker/ costs modal and compare mode, with the Pickett payment included: US$67,205,969 to US$19,732,469, Wrapper 25.69% to 7.54%. /credit/, Annual Wrapper: US$66.3M to US$18.8M. Figures that also follow the live bitcoin price, such as the table break-even and the dividend burn, move with the Wrapper and are not restated here. No Senior Claims %, CEBE or snapshot figure moves. Dependent rows: 0 recomputed.

Record: RULINGS_2026-10-15-g, RULINGS_2026-10-16-e

Strategy's Costs tab carried a line labelled Other interest (income) expense, net at minus $53,696,000 a year, filed as interest. It is the second quarter of 2026's figure of minus $13.424 million, annualised by four. The 10-Q shows that figure is interest earned on the USD Reserve's cash equivalents, $14.371 million for the quarter, net of $0.947 million of interest on the company's other secured debt. The same 10-Q puts that interest inside each segment's net income, and the tab's two segment offset rows, Software and Bitcoin, annualise those segment results. The reserve's interest income was therefore subtracted twice: once in the offsets and once as this line. Interest income on the reserve is not a segment operating result and is not the cost of any instrument, so the line has no category of its own. It is retired as a duplicate and no longer enters any total. The figure is kept on the row for the record.

Source: Strategy Inc Form 10-Q for the quarter ended 30 June 2026, accession 0001050446-26-000044. The MD&A table Interest Income (Expense) Impacts gives Other interest (income) expense, net at (13,424) thousand for the three months. Note 1(d) gives interest income of 14,371 thousand, earned on cash equivalents and short-term investments, and interest expense of 15,621 thousand, of which 14,674 thousand is on the Convertible Notes. The segment table gives interest income (expense), net of 81 thousand in Software and (1,331) thousand in Bitcoin, inside each segment's net income.

Row, before and after: Other interest (income) expense, net, minus $53,696,000 counted as a cost, to retired, counted nowhere. On /company/MSTR/ and /tracker/, Strategy's net annual cost to common (the Wrapper) goes from $1,185,206,499 to $1,238,902,499, and as a share of the costs reserve of $53,460,604,516 from 2.2170% to 2.3174%. On /company/MSTR/, break-even CAGR goes from 2.22% to 2.32%, the Spread at 25% from 22.78% to 22.68%, and coverage on cash of $5,520,500,000 (the 11 October 2026 row) from 4.658x to 4.456x. On /tracker/, the Cycle mNAV multiplier over four years goes from 1.0938 to 1.0983. On /credit/, Strategy's runway goes from 55.9 to 53.5 months on a Wrapper of $1.19B to $1.24B. Senior Claims %, CEBE and Adjusted CEBE do not read the Costs tab and do not move.

Record: RULINGS_2026-10-15-g

DDC Enterprise's Costs tab nets one segment offset against its costs: the operating result of its one reportable segment, the whole company. From 5 September 2026 that offset carried the company's FY2025 loss from operations as reported, US$(35,278,743). The loss already holds US$31,221,194 of share-based compensation and US$900,000 of executive and director cash pay, and the Costs tab also carries each of those as its own line, so both were counted twice. It also holds two impairments from the company's exit from the US market, US$3,098,151 on goodwill and US$1,106,745 on intangible assets, which are one-time and not an annual cost. With those costs added back and the impairments removed, the segment result is US$147,347; with the cash pay added back as well, the offset is US$1,047,347, a small operating profit that reduces the Wrapper instead of a loss that added to it. The unrealized loss on bitcoin sits below the operating line in the filing and was never in the figure. Before 5 September the offset carried US$5,750,000, the midpoint of a preliminary range in a company press release that no filing states. The add-backs follow an earlier ruling.

Source: DDC Enterprise Limited FY2025 Form 20-F, accession 0001213900-26-045881 (complete submission sha256 2eaebd66d96307f2df077d21c4727ee4db037cd6386eb7392c1f64453d725bba): consolidated statements of operations, page F6 (loss from operations RMB (246,707,778), share-based compensation RMB 218,332,931, impairment loss on goodwill RMB 21,665,680, the unrealized loss on digital assets below the operating line); consolidated statements of cash flows, page F11 (impairment loss on intangible assets RMB 7,739,577); Note 2(ah), page F34 (one reportable segment); Item 6.B, page 105 (cash paid to executive officers and non-executive directors, RMB 6.5 million, US$0.9 million). US dollars at the filing's convenience rate of 6.9931. Applied 2026-10-15 at 20:48:18 UTC. The figure entered on 5 September was applied that day at 12:24 UTC.

DDC_OFFSET_FOOD_EBITDA: US$(35,278,743) to US$1,047,347; total costs unchanged at US$35,044,384; net annual cost to common US$70,323,127 to US$33,997,037. On the Costs tab's reserve, US$104,410,081 (the FY2025 carrying amount of 1,181 BTC at 31 December 2025): Wrapper 67.3528% to 32.5611% on /company/DDC/ and the /tracker/ costs tab; break-even CAGR on /company/DDC/ 67.35% to 32.56%; the Spread at 25% from -42.35% to -7.56%; the Cycle mNAV multiplier over four years on /tracker/ 88.03 to 4.83 (at the CEBE mNAV of 0.047 served on 15 October 2026, Cycle mNAV 4.14 to 0.23). At the running row's own basis, 2,899 BTC at US$77,297 on 2 September 2026 (both pages compute these at the live price): BTC burn 909.78 to 439.82 BTC a year, 31.38% to 15.17% of holdings, and the /tracker/ break-even CAGR on that reserve 31.38% to 15.17%. Coverage on cash of US$19,801,179 (the 30 June 2026 balance sheet) 0.28 to 0.58 years. On /credit/, DDC's runway goes from withheld, the offset sign unresolved, to 6.99 months on the same cash. The move of 5 September, at the same reserve: net annual cost US$29,294,384 to US$70,323,127, Wrapper 28.06% to 67.35%. Served wrong from 2026-09-05 at 12:24 UTC. Senior Claims %, CEBE and Adjusted CEBE do not read the Costs tab and do not move.

Record: RULINGS_2026-10-15-g

The Costs tabs of Strategy, Strive, The Smarter Web Company, Metaplanet and OranjeBTC carried dividend and interest lines that no longer matched the latest filings, most of them marked VERIFIED. Each line was a past period's filed figure, annualised, while the instrument behind it had since grown, been retired, been drawn or been reset. Strive's SATA Preferred Dividend read $79.4M a year, the dividends declared in the six months to 30 June 2026 annualised, while SATA outstanding had since grown. Each line is now its instrument's face times the rate in force on the latest filing. Convertible interest is the contractual cash coupon on face, as claims are measured at face: the filed interest expense, which includes non-cash discount amortisation, is noted on the line and is not used in the figure. A reader, @HatimBahiSlaoui on X, reported the SATA figure on 14 October 2026.

Source: Strive: Strive, Inc. Form 8-K accession 0001628280-26-065595 (SATA Stock 14,030,176 shares and 505,000 shares of STRC held, as of 9 October 2026); Form 8-K accession 0001628280-26-061949 (SATA at 13.00% for periods commencing on or after 1 October 2026); Form 10-Q accession 0001628280-26-054985 (no Semler Convertible Notes outstanding as of 30 June 2026, and the six-month preferred dividends behind the prior figure); Strategy Inc Form 8-K accession 0001193125-26-377583 (STRC at 12.00% for periods commencing on or after 16 September 2026); STRC Certificate of Designations, Exhibit 3.1 to accession 0001193125-25-167987 (stated amount $100); SATA Certificate of Designation, Exhibit 3.1 to accession 0001628280-26-034802. Strategy: Form 8-K accession 0001193125-26-419726 (STRC repurchases 5 to 11 October 2026) and Form 8-K accession 0001193125-26-413164 (STRC outstanding at 4 October 2026), STRC outstanding $8,792,143,600; Form 8-K accession 0001193125-26-377583 (STRC at 12.00%); the indentures for the 2028, 2029, 2030A, 2030B, 2031 and 2032 Convertible Senior Notes, Exhibit 4.1 to accessions 0001193125-24-222462, 0001193125-24-263404, 0001193125-24-064321, 0001193125-25-032800, 0001193125-24-070793 and 0001193125-24-164009 (0.625%, 0%, 0.625%, 0%, 0.875% and 2.25% a year); Form 10-Q accession 0001050446-26-000044, Note 6 (principal outstanding at 30 June 2026). The Smarter Web Company: RNS 0862X, 1 October 2026 (Coinbase Credit Facility drawn £19.0 million at 30 September 2026); RNS 4512W, 28 September 2026 (the facility's variable rate raised from 6.00% to 6.25%). Metaplanet: TDnet 140120261013549590 (the credit facility drawn about US$650 million at 30 September 2026); EDINET S100XTWY, FY2025 annual securities report (7.25% weighted-average rate on the facility); TDnet 140120251118505581, Class B (MERCURY) terms 9(2) (4.9% a year on the ¥1,000 dividend base). OranjeBTC: Fato Relevante of 30 April 2026, Emissão de Debênture com Garantia em Bitcoin (remuneration at 100% of the CDI plus a 1.85% a year spread, on the value in reais from each series' paying-in, payable in reais), and ITR 2T26 Note 24.1 (the same terms); Comunicado ao Mercado of 31 August 2026 (the debentures settled); Banco Central do Brasil SGS series 4389 (CDI at 13.65% a year, the fixing of 9 October 2026, in force since 17 September 2026).

Rows, before and after. Strive: SATA Preferred Dividend $79,400,000 to $182,392,288 ($1,403,017,600 at 13.00%); Semler Convertible Note Interest $564,000 to $0, retired; STRC Dividend Income $6,060,000 to $6,060,000, re-dated and re-sourced (505,000 shares at the $100 stated amount at 12.00%). The Strive costs reserve is unchanged at $1,930.1M, and figures priced live are shown at the 13 October 2026 bitcoin close of $83,115. Costs tab: date 2026-09-14 to 2026-10-14; total annual cost $80.0M to $182.4M; net annual cost to common $154.2M to $256.7M, 7.99% to 13.30% of the reserve. Company page: break-even BTC CAGR 7.99% to 13.30%; dividend burn 1,855.7 to 3,088.1 BTC a year, 5.21% to 8.68% of holdings; cash coverage 2.88 to 1.73 years. /tracker/: break-even BTC CAGR 5.21% to 8.68% (its reserve is holdings at the live price); dividend burn as above; coverage 2.88 to 1.73 years. /credit/ Runway on the Wrapper: 34.6 to 20.8 months. Strategy: STRC dividend $1,131,456,000 to $1,055,057,232 ($8,792,143,600 at 12.00%); 2028 Convertible Notes $10,544,000 to $6,312,500; 2029 Convertible Notes $5,636,000 to $0 (zero coupon; the filed figure was non-cash discount amortisation); 2030A Convertible Notes $8,980,000 to $5,000,000; 2030B Convertible Notes $5,012,000 to $0 (zero coupon, as for the 2029 notes); 2031 Convertible Notes $7,764,000 to $5,282,016; 2032 Convertible Notes $20,760,000 to $18,000,000. Wrapper on /tracker/ 2.40% to 2.22%; on /company/MSTR/ 2.26% to 2.22%, because the company page had already shown STRC at $1.055B through a page-side override, now retired, so the two surfaces agree. The Smarter Web Company: Coinbase Facility Interest $52,352 to $1,601,106 (£19,000,000 drawn at 6.25%, at $1.3483 a pound); Wrapper 6.86% to 7.58%. Metaplanet: consolidated interest expense $22,208,978 to $47,125,000 (the facility drawn about US$650 million at 7.25%, an estimate because the filing rounds the amount drawn); MERCURY preferred dividend $7,111,795 to $7,342,318 (¥23,610,000,000 at 4.9%, at $0.0063466 a yen); Wrapper −0.39% to +0.61%. OranjeBTC: Secured Debenture Interest $6,950,000 to $6,527,493.68 (the R$210,000,000 reais value at the CDI of 13.65% plus 1.85%, 15.50%, R$32,550,000 a year, at $0.2005374403 a real; the dollar-indexed principal is the claim, not the interest base); net annual cost to common $5,338,717 to $4,916,210.68 on the company page, 1.79% to 1.64% of the $299.0M reserve, and $6,525,541 to $6,103,034.68 on /tracker/, 2.18% to 2.04%, because the tracker also counts the one-time consulting fee. The rate floats with the CDI, so this line moves with each change in the CDI. Senior Claims % and CEBE do not read the Costs tab and are unchanged.

The Smarter Web Company's Costs tab carried the Coinbase Facility Interest line at US$1,601,106 a year, the facility drawn at £19,000,000 (RNS 0862X, 1 October 2026) at 6.25% and $1.3483 a pound, and the facility's face on the same footing. RNS 0989Z of 15 October 2026 states total drawings under the facility of approximately £16 million after the bitcoin purchase of that day, so the face is now £16,000,000 and the line is re-based on it: £16,000,000 × 6.25% × 1.3483 = US$1,348,300 a year. Both are marked EST, because the filing gives the balance as approximately £16 million, and both will be replaced when an exact balance is filed. On /credit/ the Coinbase line, face times the rate in force, goes from £1,187,500 to £1,000,000 a year.

Source: The Smarter Web Company RNS 0989Z, 15 October 2026 (total drawings under the facility of approximately £16 million); RNS 0862X, 1 October 2026 (£19,000,000 drawn at 30 September 2026, the prior balance); RNS 4512W, 28 September 2026 (the facility's variable rate raised from 6.00% to 6.25%, the rate in force). Applied 2026-10-16 at 00:37:25 UTC (the facility face) and 00:37:35 UTC (the interest line).

SWC_COINBASE face £19,000,000 to £16,000,000, EST. TSWCF_INTEREST_COINBASE_CREDIT_FACILITY US$1,601,106 to US$1,348,300 a year, EST, last updated 2026-10-15. /credit/ Annual Cost table, Coinbase line £1,187,500 to £1,000,000 a year. TSWCF Costs net 8.4157% to 8.2966%. The 15 October row, new with this batch, serves Senior Claims % 11.79, CEBE 660 sats and Adjusted CEBE 619 sats on the £16,000,000 face; the 14 October row is unchanged at 9.12%.

OranjeBTC's 12 October 2026 row carried the cash of its 30 June 2026 half-year report, R$3,454,000 and US$3,584,161 in USDC, as though none of it had been spent, although the weekly treasury notice for 5 to 12 October 2026 states R$3,515,090 paid out for 530,000 of the company's own shares. Bitcoin held did not change, so whatever paid for the repurchase, it raised the claims ahead of the common by the amount paid. A row built between reports carries the last report's cash less the cash outflows filed after that report's date. The R$3,515,090 now comes off the row's cash: all R$3,454,000 of reais cash, and the remaining R$61,090, US$12,250.83 at the row's exchange rate, off the USDC. The row's cash basis line names the deduction.

Source: ITR 2T26 (quarterly report to 30 June 2026), Note 4, cash in reais R$3,454 thousand (current accounts R$887 thousand, DI funds R$540 thousand, Treasury LFT R$2,027 thousand) and USDC US$3,584,161, note (e); Comunicado ao Mercado of 12 October 2026, Negociações de Tesouraria (period 5 to 12 October 2026), 530,000 common shares repurchased, balance (R$3,515,090.00). Applied 2026-10-13; read back live 2026-10-13 at 22:20:44 UTC.

OBTC3_20261012_R: cash US$4,276,817.32 to US$3,571,910.17; net claims US$30,417,182.68 to US$31,122,089.83, or 371.87161148 to 380.48960087 BTC; Senior Claims 9.4145% to 9.6326% (served 9.41% to 9.63%); CEBE 2,543.8213 to 2,537.6945 sats (served 2,544 to 2,538 sats); break-even bitcoin price US$7,700.55 to US$7,879.01. At the row's own bitcoin price of US$81,794.85 and exchange rate of US$0.2005374403 per real. CEBE mNAV on the row's basis rises by the ratio of the two CEBE figures, 1.0024 times, at any one share quote; the live-basis Senior Claims %, CEBE and CEBE mNAV move with it at the live bitcoin price. The row's change from 4 October 2026 reads -10 sats, of which the repurchase is +4 and the bitcoin price -14 (served before as -4, +10 and -14). Only the 12 October 2026 row moves: this entry restates no earlier OranjeBTC row. Dependent rows: 0.

Surfaces touched: /company/OBTC3/ (live figures; the static block at its next bake), /tracker/, /bitcoin-treasury-company-comparison/ (at its next bake), /api/v1/companies.json, /api/v1/history.json.

Record: RULINGS_2026-10-13-e, #A-449

The same day the rule was widened to count the filed flows in both directions since the report's date. OranjeBTC's 12 October 2026 row had taken off only that week's repurchase. It now carries the 30 June 2026 cash with every flow filed from 1 July to 12 October 2026: the third debenture issue of 31 August 2026 adds the R$210,000,000 it raised to cash and its principal of US$40,528,022.23 to the claims ahead of the common; nine repurchases of the company's own shares, R$51,107,668.17, and five bitcoin purchases, US$3,502,593.71, come off cash. The 30 June report's debt and cash had been carried without the debenture on either side, because the filings do not state whether its proceeds repaid the Maple bridge; a repayment would move cash and debt by the same amount, so the row's claims do not depend on it. The filed flows do not exceed the carried cash, so no floor applies. The row's cash basis line names the flows; each one, with its filing, is on the row.

Source: ITR 2T26 (quarterly report to 30 June 2026), Note 4, cash in reais R$3,454 thousand and USDC US$3,584,161, Note 14, Maple USDC 45,150 thousand, Note 4(d), Marex margin USD 7,823 thousand; Comunicado ao Mercado of 31 August 2026, settlement of the third debenture issue, R$210,000,000 subscribed and paid in, principal US$40,528,022.23 at that day's PTAX; the weekly Comunicados ao Mercado of 5, 12, 19 and 26 July, 2, 9, 23 and 30 August, 7, 20 and 27 September, 4 and 12 October 2026, and the Formulários Individuais for August and September 2026 where they state the reais totals. Applied 2026-10-13 at 23:07:48 UTC; read back live 2026-10-13 at 23:30:09 UTC.

OBTC3_20261012_R: cash US$3,571,910.17 to US$32,638,085.12; debt US$52,973,000.00 to US$93,501,022.23; net claims US$31,122,089.83 to US$42,583,937.11, or 380.48960087 to 520.61880558 BTC; Senior Claims 9.6326% to 13.1802% (served 9.63% to 13.18%); CEBE 2,537.6945 to 2,438.0715 sats (served 2,538 to 2,438 sats); break-even bitcoin price US$7,879.01 to US$10,780.74. At the row's own bitcoin price of US$81,794.85 and exchange rate of US$0.2005374403 per real. The reais raised convert at the row's rate, US$42,112,862.46, while the principal is a dollar figure, so the row's cash exceeds the debenture's claim by US$1,584,840.23, the real's move since 31 August. CEBE mNAV on the row's basis rises by the ratio of the two CEBE figures, 1.0409 times, at any one share quote; the live-basis Senior Claims %, CEBE and CEBE mNAV move with it at the live bitcoin price. The row's change from 4 October 2026 reads -110 sats, of which -102 on the row's transactions and -8 on the bitcoin price (served before as -10, +4 and -14); the 4 October 2026 row stays on the carried basis, so the transaction figure includes the flows of 1 July to 4 October, -106 sats, beside the week's repurchase, +4. Only the 12 October 2026 row moves. Dependent rows: 0.

Record: RULINGS_2026-10-13-f, #A-450

The Smarter Web Company's 12 October 2026 row, the latest it serves, carried the cash of its 30 April 2026 balance sheet, GBP 1,273,024, as though no cash had come in or gone out since. Between 30 April and 12 October 2026 the company's announcements state GBP 8,244,148 received from share sales, a direct subscription and warrant exercises, GBP 7,000,000 drawn on its Coinbase facility, GBP 8,346,384 paid for bitcoin and GBP 1,858,824 repaid on the facility. The row already carried the facility's balance and the bitcoin bought; it did not carry the cash those flows left. The carried-cash rule as amended on 13 October 2026 counts every filed flow after the balance sheet date in both directions: share proceeds add cash, a draw adds cash and its claim, and purchases and repayments reduce cash, with the result floored at zero and marked EST. The facility's claim was already in the row's debt, so the draws add cash only. The row's cash basis line now names each flow by its announcement.

Source: interim results for the six months to 30 April 2026 (RNS 2662K, 30 June 2026), statement of financial position and cash flow statement, cash and cash equivalents GBP 1,273,024, and Note 13, whose 6,962,603 warrant exercises (GBP 174,065) are already in that cash; the company's announcements of 5 May to 12 October 2026, RNS 9066C, 3197D, 7610D, 8595D, 4291E, 1603F, 5475F, 1341G, 3495G, 2898H, 1982I, 9032M, 4849N, 9509O, 7714R, 9884S, 4512W, 0862X, 4926X and 4890Y. Share sale proceeds are taken at the 98.25% each announcement states the company receives. The 23 July 2026 repayment of the convertible, US$11,698,540, was paid from the sale of 177.8909127 bitcoin (RNS 4849N) and nets to zero in cash. The September facility repayment, from about GBP 20.8 million to GBP 19.0 million, was paid from the net proceeds of the 28 September 2026 share sale (RNS 0862X). The cut to about GBP 17.0 million announced as intended on 5 October 2026 (RNS 4926X) is not stated as made by 12 October and is not applied, and neither are the MORE preferred proceeds, which depend on Admission on 14 October 2026 (RNS 5271Y). No flow takes the cash below zero, so the floor does not apply. Computed under rules version 2026-10-11.14. Applied 2026-10-13 at 23:20:46 UTC, read back live 2026-10-13 at 23:30:09 UTC.

TSWCF_20261012_R: cash GBP 1,273,024 to GBP 6,311,964, or US$1,681,645.31 to US$8,338,008.30; net claims US$23,417,065.28 to US$16,760,702.29, or 286.2902 to 204.9115 BTC; Senior Claims 10.4219% to 7.4595% (served 10.42% to 7.46%); CEBE 650.5672 to 672.0822 sats (served 651 to 672 sats); Adjusted CEBE 610 to 630 sats, below standing on both, expected shares from warrants and options with exercise prices below CEBE per share; break-even bitcoin price US$8,524.60 to US$6,101.46. At the row's own bitcoin price of US$81,794.85 and rate of 1.32098476772 US dollars per pound. Bitcoin held, shares, debt and preferred are unchanged. CEBE mNAV on the row's basis falls by the ratio of the two CEBE figures, 650.5672 to 672.0822, at any one share quote; the live-basis figures move with it at the live bitcoin price. The row's change from 30 September 2026 reads +16 sats (656 to 672), served before as -5 (656 to 651). Dependent rows: 0 recomputed; the earlier rows are not changed by this section.

Record: RULINGS_2026-10-13-f, #A-452

Capital B's 28 September 2026 row carried the cash of its 2025 annual report, EUR 3,478,000 at 31 December 2025, unchanged, although its weekly releases since then file EUR 59.2 million raised and EUR 49.8 million spent. The rule for a row built between reports now counts the cash flows filed after the report's date in both directions. Method decision, 2026-10-13: equity raised adds cash, debt raised adds cash and its claim, and bitcoin purchases, repayments and buybacks reduce it, with cash floored at zero and marked estimated. The row now carries EUR 3,478,000 plus 23 filed inflows of EUR 59,195,236.64 (share issues under the ATM program, warrant exercises, warrant issues, subscriptions in cash and three placements of shares with attached warrants) less 18 filed outflows of EUR 49,764,689.04 (15 bitcoin purchases of EUR 47,506,994 and the three placements' fees, EUR 2,257,695.04, as their releases estimate them), dated 9 February to 28 September 2026: EUR 12,908,548. No debt was raised, repaid or bought back in the window, and the bond conversions move no cash. The continuation plan instalment of 23 July 2026 and the VAT moratorium payments are not filed as paid, so neither is applied. Cash stays above zero, so the floor does not apply. The figure stays estimated until the 2026 half-year report. The row's cash basis line names every flow with its release.

Source: Capital B (formerly The Blockchain Group) annual financial report 2025, https://cptlb.com/wp-content/uploads/2026/04/20260430-TBG-RFA-2025-FINAL.pdf (French, sha256 44fed186), page 52 and note 5.8 page 50, cash EUR 3,478 thousand at 31 December 2025; Capital B press releases on cptlb.com, French texts, of 9 February (7cba51bf), 16 February (a7e5f610), 9 March (9cce4f5b), 16 March (05042e2f), 17 March (b68239db), 23 March (6239b24b), 30 March (4e41daae), 13 April (0feff352), 20 April (4ed0542a), 27 April (e23fe6fd), 4 May (7e2d4e27), 11 May (6f2e6355), 18 May (c5f75dc8), 1 June (cf7d0b51), 3 August (7cbea36d), 17 August (f8af614a), 28 August (21708a2d), 2 September (9349a5fa), 7 September (19588065), 14 September (b7d2af86) and 28 September 2026 (2044382e), sha256 prefixes in brackets; each purchase cost is the step in its own release's table of bitcoin acquisitions. Applied 2026-10-13 at 23:22:11 UTC; read back live 2026-10-13 at 23:30:09 UTC.

ALCPB_20260928_R: cash US$3,954,833.80 to US$14,678,309.93; net fiat claims US$7,569,368.82 to US$-3,154,107.31 (net cash), or 90.67392781 to -37.78324261 BTC; net senior claims 870.62392781 to 742.16675739 BTC; Senior Claims 24.6078% to 20.9770% (served 24.61% to 20.98%); CEBE 6,934.0473 to 7,267.9815 sats (served 6,934 to 7,268 sats); Adjusted CEBE 7,431 to 7,739 sats; break-even bitcoin price US$2,744.46 to none, since the fiat claims now net to cash. At the row's own bitcoin price of US$83,479 and exchange rate of US$1.1371 per euro. At the Euronext print of 2026-10-13 15:35:23 UTC, CEBE mNAV 1.090 to 1.040 and Adjusted CEBE mNAV 1.017 to 0.976; the live-basis Senior Claims %, CEBE and CEBE mNAV move with them at the live bitcoin price. Indexed Claims % 22.0449% unchanged. Only the 28 September 2026 row moves: this section restates no earlier Capital B row. Dependent rows: 0.

Surfaces touched: /company/ALCPB/ (live figures; the static block at its next bake), /tracker/, /bitcoin-treasury-company-comparison/ (at its next bake), /claims/, /api/v1/companies.json, /api/v1/history.json.

Record: RULINGS_2026-10-13-f, #A-453

OranjeBTC's five rows between the third debenture's settlement on 31 August 2026 and 12 October 2026 carried the 30 June 2026 report's debt and cash with nothing filed since applied. They now carry the same construction as the 12 October row: each row's cash is the 30 June filed cash with every flow filed from 1 July to the row's own date, the debenture's R$210,000,000 added to cash and its principal of US$40,528,022.23 to the claims ahead of the common, and the company's repurchases and bitcoin purchases taken off. The weekly figures now compare like with like: from 4 to 12 October 2026 the row changes by -4 sats, of which the week's repurchase is +4 and the bitcoin price -8. The debenture's two series on the instruments tab now carry their principal in US dollars, US$25,088,775.67 and US$15,439,246.56, as the settlement notice states it; their reais faces of R$130,000,000 and R$80,000,000 stay in the label. No row hits the zero floor.

Source: ITR 2T26 (quarterly report to 30 June 2026), Notes 4, 14 and 24.1; Comunicado ao Mercado of 31 August 2026, settlement of the third debenture issue, principal US$40,528,022.23 at that day's PTAX; the weekly Comunicados ao Mercado of 5 July to 4 October 2026 and the Formulários Individuais for August and September 2026 where they state the reais totals. Applied 2026-10-13 at 23:28:33 UTC (snapshots) and 23:28:05 UTC (instruments); read back live 2026-10-13 at 23:33:36 UTC.

OBTC3_20260906_R (6 September 2026, US$80,329): cash US$4,257,757.35 to US$38,297,823.22; debt US$52,973,000.00 to US$93,501,022.23; net claims US$30,436,242.65 to US$36,924,199.01, or 378.89482814 to 459.66212713 BTC; Senior Claims 9.5923% to 11.6370%; CEBE 2445.1011 to 2389.8005 sats (served 2,445 to 2,390); break-even bitcoin price US$7,705.38 to US$9,347.90. OBTC3_20260907_R (7 September 2026, US$79,093): cash US$4,257,744.21 to US$33,788,780.03; debt US$52,973,000.00 to US$93,501,022.23; net claims US$30,436,255.79 to US$41,433,242.20, or 384.81604933 to 523.85473051 BTC; Senior Claims 9.7422% to 13.2621%; CEBE 2507.3384 to 2409.5546 sats (served 2,507 to 2,410); break-even bitcoin price US$7,705.38 to US$10,489.43. OBTC3_20260920_R (20 September 2026, US$81,169): cash US$4,255,871.00 to US$33,080,631.97; debt US$52,973,000.00 to US$93,501,022.23; net claims US$30,438,129.00 to US$42,141,390.26, or 374.99696929 to 519.18084811 BTC; Senior Claims 9.4936% to 13.1438%; CEBE 2523.1163 to 2421.3562 sats (served 2,523 to 2,421); break-even bitcoin price US$7,705.86 to US$10,668.71. OBTC3_20260927_R (27 September 2026, US$84,449): cash US$4,249,812.68 to US$32,423,334.68; debt US$52,973,000.00 to US$93,501,022.23; net claims US$30,444,187.32 to US$42,798,687.55, or 360.50382266 to 506.79922261 BTC; Senior Claims 9.1267% to 12.8304%; CEBE 2537.8301 to 2434.3969 sats (served 2,538 to 2,434); break-even bitcoin price US$7,707.39 to US$10,835.11. OBTC3_20261004_R (4 October 2026, US$86,489.73): cash US$4,245,074.49 to US$31,818,698.58; debt US$52,973,000.00 to US$93,501,022.23; net claims US$30,448,925.51 to US$43,403,323.65, or 352.05249814 to 501.83210943 BTC; Senior Claims 8.9127% to 12.7046%; CEBE 2548.3095 to 2442.2255 sats (served 2,548 to 2,442); break-even bitcoin price US$7,708.59 to US$10,988.18. Each row at its own bitcoin price and exchange rate. On each row CEBE mNAV on the row's basis rises by the ratio of the two CEBE figures at any one share quote. OBTC3_20261012_R does not move in this section: its change from the previous row now reads -4 sats, transaction +4 and bitcoin price -8, against the rebuilt 4 October row (before: -110, -102 and -8). /credit/ and /api/v1/instruments: OBTC3_DEBENTURE_3_S1_2031 R$130,000,000 to US$25,088,775.67 and OBTC3_DEBENTURE_3_S2_2031 R$80,000,000 to US$15,439,246.56, currency BRL to USD. Dependent rows: 0.

Record: RULINGS_2026-10-13-h, #A-455 (snapshots), #A-454 (instruments)

The Smarter Web Company's 30 September 2026 row still carried its 30 April 2026 balance sheet cash, GBP 1,273,024, unchanged, while the 12 October 2026 row after it now counts every filed flow since 30 April. The change printed between the two rows therefore mixed two constructions: it credited the 12 October row with five months of filed cash flows that the 30 September row did not carry. The 30 September row is rebuilt on the same rule, from the 30 April cash with every filed flow dated after it and on or before 30 September 2026, both ways, so the change between the rows compares like with like. The row's cash basis line names each flow by its announcement.

Source: interim results for the six months to 30 April 2026 (RNS 2662K), cash and cash equivalents GBP 1,273,024; the company's announcements of 5 May to 1 October 2026, RNS 9066C, 3197D, 7610D, 8595D, 4291E, 1603F, 5475F, 1341G, 3495G, 2898H, 1982I, 9032M, 4849N, 9509O, 7714R, 9884S, 4512W and 0862X: GBP 5,483,361 received from share sales, a direct subscription and warrant exercises, GBP 7,000,000 drawn on the Coinbase facility, GBP 8,346,384 paid for bitcoin and GBP 1,858,824 repaid on the facility from the net proceeds of the 28 September 2026 share sale. The facility's claim was already in the row's debt, so the draws add cash only. The 23 July 2026 repayment of the convertible, US$11,698,540, was paid from the sale of 177.8909127 bitcoin (RNS 4849N) and nets to zero in cash. The 5 October and 12 October flows (RNS 4926X and 4890Y) are dated after the row and stay on the 12 October row only; the warrant exercises 4890Y dates 26 September to 9 October 2026 carry no split by date and stay out with their shares, which the row also excludes. No flow takes the cash below zero, so the floor does not apply; the row stays EST. Computed under rules version 2026-10-11.14. Applied, four writes verified 2026-10-14 at 00:13:03 UTC.

TSWCF_20260930: cash GBP 1,273,024 to GBP 3,551,177, or US$1,688,539.03 to US$4,710,281.17; net claims US$23,513,060.97 to US$20,491,318.83, or 281.3375 to 245.1819 BTC; Senior Claims 10.2416% to 8.9254% (served 10.24% to 8.93%); CEBE 656.4759 to 666.1023 sats (served 656 to 666 sats); break-even bitcoin price US$8,559.54 to US$7,459.53. At the row's own bitcoin price of US$83,576 and rate of 1.3264 US dollars per pound. Bitcoin held, shares, debt and preferred are unchanged. The change from 30 September to 12 October 2026 now reads +6 sats (666 to 672), of which the transaction leg is +7.13 and the bitcoin price leg -1.15; the transaction leg is the 2,650,000 warrant shares, -4.67, and the GBP 2,760,787 of share sale and warrant proceeds filed between the rows, +11.67, with +0.22 of it the pound's move against the dollar, 1.3264 to 1.32098476772. Read across the two constructions, the change had stood at +16 sats (656 to 672), with a transaction leg of +16.76. The 12 October 2026 panel as first posted read 651 sats, on the 12 October row before its own rebuild. Dependent rows: 0 recomputed; the earlier rows are not changed by this section.

Record: RULINGS_2026-10-13-f, #A-458

Five earlier rows for The Smarter Web Company, 31 March, 30 June, 23 July, 3 August and 2 September 2026, carried the cash of their last balance sheet unchanged. Under the cash rule set on 13 October 2026, every row's cash is the latest filed balance on or before the row date plus the filed flows between that date and the row, in both directions, floored at zero and marked EST. The five rows are rebuilt on it, so every TSWCF row from 31 March 2026 now stands on the same construction as the 30 September and 12 October rows. Each row's cash basis line names every flow by its announcement. No row needed the floor.

Source: for 31 March 2026, the annual report for the year to 31 October 2025, cash and cash equivalents GBP 1,503,118, the latest balance filed on or before that row, and its note that GBP 271,938 from shares placed on 31 October 2025 was received after the year end; the announcements of 3 November 2025 to 16 March 2026, those from 3 February 2026 by RNS number (1427S, 5000S, 0407T, 9181T, 9182T, 8142U, 7470V, 9358V, 6747W) and the earlier ones, made before the shares moved to the Main Market, as read from their published text: GBP 3,454,922 received from share sales, GBP 650,000 drawn on the Coinbase facility, GBP 2,078,829 paid for bitcoin, GBP 618,000 paid to buy back warrants, and the Squarebird acquisition of 20 February 2026, GBP 270,000 paid at completion and GBP 423,390 of the acquired company's cash consolidated (interim results to 30 April 2026, note 16). For the other four rows, the interim results to 30 April 2026 (RNS 2662K), cash GBP 1,273,024, and the announcements from 5 May 2026 to each row's date (RNS 9066C to 9884S), the same flows the 30 September and 12 October rows carry, each cut at its row's date. The Coinbase draws add cash only, since each row's debt already carries their claim. The 23 July 2026 repayment of the convertible was paid from the sale of the bitcoin that secured it and nets to zero in cash. Not applied: GBP 270,000 of Squarebird consideration settled by 30 April 2026 on no stated date, on the 31 March row; the GBP 70,000 deferred Squarebird consideration, which no filing states paid; facility interest, for which no amount is filed. The 23 July, 3 August and 2 September rows now carry their balance sheet date, so they serve EST like the others; their debt is unchanged. Computed under rules version 2026-10-11.14. Applied, 23 writes verified 2026-10-14 at 00:26:22 UTC.

TSWCF_20260331, at US$68,107 and 1.324 US dollars per pound: cash GBP 1,503,118 to GBP 3,064,601, or US$1,990,128.23 to US$4,057,531.72; Senior Claims 5.9854% to 4.8590% (served 5.99% to 4.86%); CEBE 719.9648 to 728.5904 sats (served 720 to 729). TSWCF_20260630, at US$58,566 and 1.3251: cash GBP 1,273,024 to GBP 2,755,293, or US$1,686,884.10 to US$3,651,038.75; Senior Claims 19.7243% to 18.5590% (served 19.72% to 18.56%); CEBE 621.1153 to 630.1315 sats (served 621 to 630). TSWCF_20260723, at US$65,052 and 1.3312: cash GBP 1,273,024 to GBP 2,958,894, or US$1,694,649.55 to US$3,938,879.69; Senior Claims 13.0565% to 11.7788% (served 13.06% to 11.78%); CEBE 631.0995 to 640.3742 sats (served 631 to 640). TSWCF_20260803, at US$63,465 and 1.3426: cash GBP 1,273,024 to GBP 3,469,742, or US$1,709,162.02 to US$4,658,475.61; Senior Claims 13.4379% to 11.7244% (served 13.44% to 11.72%); CEBE 626.2831 to 638.6807 sats (served 626 to 639). TSWCF_20260902, at US$77,297 and 1.3483: cash GBP 1,273,024 to GBP 3,532,427, or US$1,716,418.00 to US$4,762,771.32; Senior Claims 12.2089% to 10.7742% (served 12.21% to 10.77%); CEBE 643.3724 to 653.8865 sats (served 643 to 654). Bitcoin held, shares, debt and preferred are unchanged on every row. CEBE mNAV on each row's basis falls by the ratio of its two CEBE figures at any one share quote. Rows moved: 5; the 30 September and 12 October rows were rebuilt in the sections above, and the 2025 rows are not changed by this section.

Record: RULINGS_2026-10-13-i, #A-459

Capital B's history now follows the same construction as its 28 September 2026 row. A ruling of 2026-10-13 set every row's cash as the latest filed balance on or before the row's date plus the cash flows filed between that date and the row, in both directions, for every row of every company. Ten earlier Capital B rows carried a report's cash unchanged: the 31 March 2025 row the 2024 annual report's EUR 729,000, the 30 September 2025 row the 2025 half-year report's EUR 1,531,000, and the eight rows from 31 March to 14 September 2026 the 2025 annual report's EUR 3,478,000. Each now adds the share issues, warrant exercises, warrant issues, bond subscriptions and placements its releases file after that date and up to the row, and takes off the bitcoin bought and the placement fees the releases estimate. Bonds subscribed in bitcoin count as raised and the coins as bought, as the company's half-year cash flow statement carries them, and every bond in these windows was already a claim on its row, so no claim changes. No row falls below zero. The 31 March 2026 row, which a survey of the rule's first form put below zero on purchases alone, carries EUR 4,462,345 with its share and warrant proceeds. The rows stay estimated until the next report. Each row's cash basis line names every flow with its release.

Source: Capital B (formerly The Blockchain Group) annual financial report 2024 (French, sha256 beddf36d), cash EUR 729 thousand at 31 December 2024; half-year financial report to 30 June 2025, https://cptlb.com/wp-content/uploads/2025/10/RFS-30-juin-2025.pdf (French, sha256 8f96cd40), page 5 (cash flow statement: new borrowings EUR 129,927 thousand, bitcoin acquired EUR 157,396 thousand, cash EUR 1,531 thousand), page 7 (the first bond tranche of March 2025 at EUR 49,584,906, which the release of 6 March 2025 gave as EUR 48.6 million) and page 65 (bonds outstanding EUR 123,612,559, A-04, B-04 and A-05 included); annual financial report 2025 (French, sha256 44fed186), page 52, cash EUR 3,478 thousand at 31 December 2025; the company's press releases on cptlb.com of 6 and 26 March 2025, of 1, 7, 8, 14, 15, 21, 22 and 28 July, 4 and 11 August, 18 August, 8, 15, 16, 22, 23 and 29 September 2025, and of 9 February to 14 September 2026 as listed in the section of 2026-10-13, each purchase cost the step in the releases' table of bitcoin acquisitions. Applied 2026-10-14 (00:32:30 UTC); ALCPB_20250331 corrected (00:44:17 UTC); read back live 2026-10-14 at 00:52:16 UTC.

Each row at its own bitcoin price, cash in US dollars at the row's own exchange rate. Adjusted CEBE is stated on each row's own gate, which the site serves on the latest row only. ALCPB_20250331: cash US$787,320.00 to US$3,256,330.68; Senior Claims 100.0000% unchanged; CEBE 0.00 sats unchanged; break-even bitcoin price US$148,482.27 to US$94,808.13. This row was first applied at US$2,192,632.20 (break-even US$117,932.01) on the EUR 48.6 million the release of 6 March 2025 gave for the first bond tranche, and corrected the same day to the half-year report's EUR 49,584,906.41, which the report states in place of the release's figure. ALCPB_20250930: cash US$1,714,720.00 to US$11,703,241.76; Senior Claims 48.1080% to 44.9945%; CEBE 6,794.65 to 7,202.33 sats; break-even US$7,882.25 to US$1,509.99. ALCPB_20260331: cash US$4,031,349.80 to US$5,172,304.09; Senior Claims 46.9838% to 46.4038%; CEBE 6,667.37 to 6,740.32 sats; break-even US$5,792.23 to US$5,110.42. ALCPB_20260601_R: cash US$4,041,783.80 to US$11,053,590.73; Senior Claims 34.4212% to 31.2891%; CEBE 6,846.88 to 7,173.89 sats; Adjusted CEBE 7,198 to 7,514 sats; break-even US$3,929.50 to US$710.93. ALCPB_20260803_R: cash US$4,002,134.60 to US$10,941,463.17; Senior Claims 28.6829% to 25.2008%; CEBE 6,792.93 to 7,124.61 sats; Adjusted CEBE 7,175 to 7,497 sats; break-even US$3,245.65 to US$305.32. ALCPB_20260817_R: cash US$4,028,567.40 to US$11,039,268.50; Senior Claims 28.6012% to 25.1447%; CEBE 6,798.20 to 7,127.31 sats; Adjusted CEBE 7,174 to 7,494 sats; break-even US$3,260.18 to US$295.89. ALCPB_20260828_R: cash US$4,029,263.00 to US$11,041,174.61; Senior Claims 27.9506% to 25.0857%; CEBE 6,860.15 to 7,132.93 sats; Adjusted CEBE 7,135 to 7,400 sats; break-even US$3,260.74 to US$295.94. ALCPB_20260902_R: cash US$4,029,263.00 to US$11,041,174.61; Senior Claims 27.9720% to 25.0876%; CEBE 6,858.11 to 7,132.75 sats; Adjusted CEBE 7,136 to 7,403 sats; break-even US$3,260.74 to US$295.94. ALCPB_20260907_R: cash US$4,044,218.40 to US$15,012,677.08; Senior Claims 24.9308% to 20.9923%; CEBE 6,910.18 to 7,272.73 sats; Adjusted CEBE 7,494 to 7,828 sats; break-even US$2,823.90 to none, since the fiat claims now net to cash. ALCPB_20260914_R: cash US$4,016,394.40 to US$14,888,155.07; Senior Claims 24.9159% to 20.9706%; CEBE 6,911.41 to 7,274.58 sats; Adjusted CEBE 7,499 to 7,834 sats; break-even US$2,800.38 to none, since the fiat claims now net to cash. On the 31 March 2025, 30 September 2025 and 31 March 2026 rows no adjustment applies, before or after. CEBE mNAV on each row moves by the ratio of its two CEBE figures at any one share quote. Debt, bitcoin held, shares and Indexed Claims % are unchanged on every row. The 28 September 2026 row is stated in the section above. Dependent rows: 0.

Surfaces touched: /company/ALCPB/ (history), /company/ALCPB/charts/, /api/v1/history.json, /api/sheet-data?tab=snapshots.

Record: RULINGS_2026-10-13-i, RULINGS_2026-10-13-j, #A-460, #A-463

Three 2025 rows for The Smarter Web Company, 30 June, 30 September and 31 December 2025, carried the cash of their last balance sheet unchanged. On the cash rule set on 13 October 2026, each row's cash is the latest filed balance on or before its date plus every filed flow between that date and the row, in both directions, floored at zero and marked EST. The three rows are rebuilt on it, so every TSWCF row from 30 June 2025 to 12 October 2026 stands on one construction. Each row's cash basis line names every flow by its announcement. No row needed the floor. In the same change, the 5 May 2026 share sale is carried at the GBP 115,830 the company's interim results state it received, in place of a figure worked out from the announced proceeds that was GBP 7 higher; that moves no Senior Claims %, CEBE or Adjusted CEBE figure at the precision served.

Source: for 30 June and 30 September 2025, the interim results for the six months to 30 April 2025, cash and cash equivalents GBP 1,340,198; for 31 December 2025, the annual report for the year to 31 October 2025, GBP 1,503,118, with its note that GBP 271,938 from shares placed on 31 October 2025 was received after the year end. The flows are the company's announcements from 7 May to 23 September 2025 and of 3 to 17 November 2025, made before its shares moved to the Main Market and read from their published text: the retail offers, bookbuilds, placings and subscriptions, each dated at the Admission it was conditional on and taken before expenses, since none states them; the subscription agreement sales at the 97% each states; the US$21,000,000 Smarter Convert subscription of 6 August 2025 at its stated rate of 1.3288, GBP 15,803,733, all of it spent on bitcoin the purchase announcements already carry; and every bitcoin purchase. The 26 June 2025 bookbuild and subscription, admitted on 1 July, falls after the 30 June row, as do the shares it issued. The 5 May 2026 figure is note 12 of the interim results to 30 April 2026 (RNS 2662K): "Of the capital raised, £115,830 was received after the balance sheet date". Computed under rules version 2026-10-11.14. Applied, 2026-10-14 at 00:38:17 UTC.

TSWCF_20250630, at US$107,136 and 1.3731 US dollars per pound: cash GBP 1,340,198 to GBP 25,208,496, or US$1,840,225.87 to US$34,613,785.86; Senior Claims 0% and CEBE 230.8302 sats (served 231) unchanged, since cash exceeds the row's GBP 2,095 of debt before and after. TSWCF_20250930, at US$114,088 and 1.3445: cash GBP 1,340,198 to GBP 1,707,499, or US$1,801,896.21 to US$2,295,732.41; Senior Claims 6.4197% to 6.2483% (served 6.42% to 6.25%); CEBE 813.2337 to 814.7234 sats (served 813 to 815). TSWCF_20251231, at US$87,575 and 1.3448: cash GBP 1,503,118 to GBP 1,581,742, or US$2,021,393.09 to US$2,127,126.64; Senior Claims 5.8112% to 5.7658% (served 5.81% to 5.77%); CEBE 835.7365 to 836.1386 sats (served 836, unchanged). The 5 May 2026 sale: cash GBP 7 lower, about US$9, on the six rows from 30 June to 12 October 2026; Senior Claims % moves by at most 0.000005 points and CEBE by under 0.0001 sats, so no Senior Claims %, CEBE or Adjusted CEBE figure changes at served precision; on the latest row, TSWCF_20261012_R, cash_usd on /api/v1/companies.json falls by US$9.25, from 8,338,008.30 to 8,337,999.05. Bitcoin held, shares, debt and preferred are unchanged on every row. Rows moved: 9, the three 2025 rows and the six from 30 June to 12 October 2026, the six by cash only.

Record: RULINGS_2026-10-13-i, #A-462

The rule now reaches every row: a row's cash is the latest filed balance on or before its date, with every flow filed after that balance and on or before the row, in both directions. OranjeBTC's ten rows from 28 June to 30 August 2026 carried their reports' cash with nothing filed since applied. The 28 June 2026 row, built on the 31 March 2026 report, now adds the US$35,150,000 the company drew from Maple on 14 and 28 June 2026, which its debt already carried, and takes off ten bitcoin purchases and five repurchases of its own shares. The nine weekly rows from 5 July to 30 August 2026, built on the 30 June 2026 report, take off the purchases and repurchases filed since; the June draws are already inside that report's balance. From 26 July 2026 the outflows filed since 30 June exceed the cash that report states, and the filings do not say what paid for them, so those six rows carry cash at zero, marked EST, with the line "filed flows exceed carried cash; funding source not stated". The short-sale position the company closed in the second quarter has no filed date, so no cash flow is applied for it. No debt figure moves.

Source: ITR 1T26 (quarterly report to 31 March 2026), Note 4, cash R$9,111 thousand; ITR 2T26 (quarterly report to 30 June 2026), Notes 4, 11 and 14, Maple USDC 45,150 thousand with draws of USDC 35,150 thousand in the quarter; the weekly Comunicados ao Mercado of 26 April to 30 August 2026, including the draws dated 14 and 28 June 2026, and the Formulário Individual for May 2026 where it states the reais totals. Applied 2026-10-14 at 03:15:19 UTC; every served figure read back equal to the figures below.

OBTC3_20260628_R (28 June 2026, US$59,495.00): cash US$1,755,897.32 to US$7,121,134.91; net claims US$32,022,060.68 to US$26,656,823.09, or 538.23112329 to 448.05148483 BTC; Senior Claims 13.8150% to 11.5003%; CEBE 2227.9950 to 2287.8323 sats (served 2,228 to 2,288); break-even bitcoin price US$8,219.21 to US$6,842.10. OBTC3_20260705_R (5 July 2026, US$63,586.00): cash US$4,255,479.34 to US$3,767,047.42; net claims US$30,438,520.66 to US$30,926,952.58, or 478.69846601 to 486.37990407 BTC; Senior Claims 12.2617% to 12.4585%; CEBE 2272.8052 to 2267.7083 sats (served 2,273 to 2,268); break-even bitcoin price US$7,796.75 to US$7,921.86. OBTC3_20260712_R (12 July 2026, US$63,747.00): cash US$4,254,918.76 to US$3,186,635.26; net claims US$30,439,081.24 to US$31,507,364.74, or 477.49825466 to 494.25643152 BTC; Senior Claims 12.2060% to 12.6344%; CEBE 2279.9688 to 2268.8440 sats (served 2,280 to 2,269); break-even bitcoin price US$7,780.95 to US$8,054.03. OBTC3_20260719_R (19 July 2026, US$64,670.00): cash US$4,253,709.53 to US$102,822.07; net claims US$30,440,290.47 to US$34,591,177.93, or 470.70187831 to 534.88755111 BTC; Senior Claims 12.0323% to 13.6730%; CEBE 2345.6237 to 2301.8741 sats (served 2,346 to 2,302); break-even bitcoin price US$7,781.26 to US$8,842.33. OBTC3_20260726_R (26 July 2026, US$65,330.00): cash US$4,265,235.26 to US$0.00, floored at zero; net claims US$30,428,764.74 to US$34,694,000.00, or 465.77016287 to 531.05770703 BTC; Senior Claims 11.8880% to 13.5543%; CEBE 2353.0749 to 2308.5742 sats (served 2,353 to 2,309); break-even bitcoin price US$7,766.40 to US$8,855.03. OBTC3_20260802_R (2 August 2026, US$63,466.00): cash US$4,264,443.83 to US$0.00, floored at zero; net claims US$30,429,556.17 to US$34,694,000.00, or 479.46232896 to 546.65490184 BTC; Senior Claims 12.1444% to 13.8464%; CEBE 2364.1904 to 2318.3913 sats (served 2,364 to 2,318); break-even bitcoin price US$7,707.59 to US$8,787.74. OBTC3_20260809_R (9 August 2026, US$64,856.00): cash US$4,262,639.82 to US$0.00, floored at zero; net claims US$30,431,360.18 to US$34,694,000.00, or 469.21426206 to 534.93894166 BTC; Senior Claims 11.8788% to 13.5428%; CEBE 2372.5388 to 2327.7402 sats (served 2,373 to 2,328); break-even bitcoin price US$7,704.14 to US$8,783.29. OBTC3_20260816_R (16 August 2026, US$62,853.00): cash US$4,262,746.46 to US$0.00, floored at zero; net claims US$30,431,253.54 to US$34,694,000.00, or 484.16548995 to 551.98638092 BTC; Senior Claims 12.2574% to 13.9743%; CEBE 2362.3479 to 2316.1205 sats (served 2,362 to 2,316); break-even bitcoin price US$7,704.11 to US$8,783.29. OBTC3_20260823_R (23 August 2026, US$77,712.00): cash US$4,262,746.46 to US$0.00, floored at zero; net claims US$30,431,253.54 to US$34,694,000.00, or 391.59014747 to 446.44327774 BTC; Senior Claims 9.9137% to 11.3024%; CEBE 2426.7715 to 2389.3627 sats (served 2,427 to 2,389); break-even bitcoin price US$7,704.11 to US$8,783.29. OBTC3_20260830_R (30 August 2026, US$77,658.00): cash US$4,249,376.80 to US$0.00, floored at zero; net claims US$30,444,623.20 to US$34,694,000.00, or 392.03460300 to 446.75371501 BTC; Senior Claims 9.9249% to 11.3102%; CEBE 2427.7930 to 2390.4552 sats (served 2,428 to 2,390); break-even bitcoin price US$7,707.50 to US$8,783.29. Each row at its own bitcoin price and exchange rate. On each row CEBE mNAV on the row's basis moves by the ratio of the two CEBE figures at any one share quote. Dependent rows: 0.

Record: RULINGS_2026-10-13-j, #A-466

Three Metaplanet rows, 31 August, 11 September and 30 September 2026, carried the cash of the 30 June 2026 half-year report, JPY 1,337 million (cash and deposits JPY 1,087 million and USDC JPY 250 million), unchanged. On the cash rule set on 13 October 2026, each row's cash is now that balance plus every flow filed between 30 June and the row, in both directions, floored at zero and marked EST. The flows are the JPY 2,100 million paid for Siiibo Securities on 13 July; the exercise proceeds of the 18th Series on 16 July (JPY 2,625,000) and between 31 August and 11 September (JPY 15,750,000); the exercise proceeds of the 10th Series on 28 August (JPY 640,320,000) and between 31 August and 11 September (JPY 187,920,000); and, for 30 September only, the third-quarter bitcoin sale (JPY 124,700 million) and purchase (JPY 149,896 million), which the filing dates to the quarter, and the quarter's borrowing under the dollar credit facility, US$236,000,000, the move from US$414 million at 30 June to the about US$650 million filed for 30 September. That borrowing's claim is already on the 30 September row, so only its cash enters, at the row's rate and marked EST because the 30 September balance is a rounded figure. No facility balance is filed at 31 August or 11 September, so the borrowing cannot be placed on those rows. The 31 August row falls below zero and is floored. Since 2026-10-14 at 03:30:20 UTC, its cash basis line carries "filed flows exceed carried cash; funding source not stated". The 30 September row's claims run on the net figure Metaplanet filed for that date, which already nets its cash, so its Senior Claims %, CEBE and Adjusted CEBE do not move.

Source: Metaplanet H1 FY2026 half-year report, EDINET S100YWMP (cash and deposits JPY 1,087 million and USDC JPY 250 million at 30 June 2026; the Siiibo Securities acquisition completed on 13 July 2026 for JPY 2,100 million; 250 units of the 18th Series exercised on 16 July 2026); TDnet 140120260831528941 (the 10th Series exercise of 28 August 2026, 64,032,000 shares at JPY 10); TDnet 140120260911535363 (the 10th Series shares delivered by 11 September 2026); TDnet 140120261013549590, section 3(2) (1,500 units of the 18th Series exercised between 31 August and 11 September 2026); TDnet 140120261005546273, section 4 (the third-quarter sale of 10,000 BTC for JPY 124,700 million and purchase of 11,000 BTC for JPY 149,896 million); TDnet 140120261013549590, use of proceeds item 1 (about US$650 million drawn at 30 September 2026), against TDnet 140120260812518571 (US$414,000,000 at 30 June 2026). Applied 2026-10-14 at 03:22:02 UTC.

Each row at its own bitcoin price and exchange rate. Adjusted CEBE is stated on each row's own gate, which the site serves on the latest row only. MTPLF_20260831_R, at US$78,553 and US$0.0062597 per yen: cash JPY 1,337,000,000 to JPY 0 (JPY -120,055,000 before the floor), or US$8,369,218.90 to US$0; net claims US$605,310,344.18 to US$613,679,563.08; Senior Claims 17.9204% to 18.1681% (served 17.92% to 18.17%); CEBE 2,623.4953 to 2,615.5758 sats (served 2,623 to 2,616); Adjusted CEBE 2,445 to 2,438 sats; break-even bitcoin price US$14,076.98 to US$14,271.62. MTPLF_20260911_R, at US$77,204 and US$0.0065115: cash JPY 1,337,000,000 to JPY 83,615,000, or US$8,705,875.50 to US$544,459.07; net claims US$613,005,911.81 to US$621,167,328.24; Senior Claims 18.4653% to 18.7111% (served 18.47% to 18.71%); CEBE 2,569.8936 to 2,562.1448 sats (served 2,570 to 2,562); Adjusted CEBE 2,393 to 2,386 sats; break-even US$14,255.95 to US$14,445.75. MTPLF_20260930, at US$83,576.13 and US$0.0063466: cash as printed JPY 1,337,000,000 to JPY 12,072,879,551, est, or US$8,485,404.20 to US$76,621,737.36, on /company/MTPLF/ and /api/v1/companies.json; /credit/ cash coverage and the Annual Cost cash runway, cash over the year's cash coupons (US$54,467,318 at the row's rate: the facility at 7.25% on US$650,000,000 and MERCURY at 4.9% on JPY 23,610 million), 0.2 to 1.4 years (0.1558 to 1.4067); Senior Claims 21.12%, CEBE 2,544 sats, Adjusted CEBE 2,366 sats and break-even US$17,651.34 unchanged. Dependent rows: 0 recomputed.

Surfaces touched: /company/MTPLF/ (history and the printed cash; the static block at its next bake), /credit/, /api/v1/companies.json, /api/v1/history.json.

Record: #A-468, RULINGS_2026-10-13-i, RULINGS_2026-10-13-j, #A-467

On /credit/, Nakamoto's financing cost, its annual interest on the instruments listed as a percent of its bitcoin reserve, read 3.51%. It costed the instruments tab's two Kraken tranche rows at different rates, US$60,000,000 at 8.00% and US$105,000,000 at 7.75%. The filings make no such split. They put one fee on the whole US$165,000,000 June Loan, 7.75% while at least 2,000 BTC are held in the Trading Wallet and 8.00% otherwise, and no filing states the Trading Wallet balance. What the filings support at the same reserve is a range: 3.47% with the whole loan at 7.75%, and 3.58% with it at 8.00%. The page now reads an instrument's two filed rates from the instruments tab's rate bounds, computes every cost figure through the same functions at each, and prints the two low to high. It does not read the tranche rows' own rate cells for that figure. An instrument without rate bounds keeps its single rate. Nakamoto's figures move when both tranche rows carry the bounds; until then the page prints the single figure. The Annual Cost table's annual obligations and cost per share, the rows' annual interest and the instrument cards read the same bounds and move the same way.

Source: the NAKA anchor's finding on the June Loan terms. Nakamoto Inc. Form 8-K accession 0001493152-26-028223 (June 2026), the June term sheet; Form 10-Q accession 0001493152-26-037603 for the quarter ended 2026-06-30, filed 2026-08-13, Note 7 Debt, one fee on the whole June Loan, two maturities, 60.0 million USDT on 2026-12-04 and 105.0 million USDT on 2027-06-30. The instruments, snapshots and costs tabs as served by /api/sheet-data on 2026-10-13 at 02:11:01 UTC: Kraken Tranche A (US$60,000,000, rate_numeric 0.08) and Tranche B (US$105,000,000, rate_numeric 0.0775), both active. Before figures from /credit/ at the last merged version, after figures from the corrected page on the same rows with the two bounds (0.0775 and 0.08) on both tranche rows, each at a bitcoin price of US$82,486. The two bounds travel in a courier for the NAKA anchor to file. Fixed when this change reached main and the bounds are filed.

Nakamoto at US$82,486: financing cost 3.51% before, 3.47% to 3.58% after, on every Nakamoto row and in the Annual Cost table; annual obligations US$12.9M/yr before, US$12.8M to US$13.2M/yr after; cost per share 826 sats a year before, 816 to 843 after; runway 1.5 years before and after. The two tranche rows: rate 8.00% (Tranche A) and 7.75% (Tranche B) before, 7.75% to 8.00% on each after; annual interest US$4.8M (A) and US$8.1M (B) before, US$4.7M to US$4.8M and US$8.1M to US$8.4M after. No other company's financing cost, obligations, cost per share or runway moves, computed before and after for all twelve at the same price: Strategy 2.26%, Metaplanet 1.03%, Strive 7.22%, Smarter Web Co 0.69%, Capital B 0.00%, OranjeBTC 2.15%, Silvia, Inc. 0.00%, DDC Enterprise 0.19%, H100 Group 0.00%, Twenty One Capital 0.14% and Méliuz 0.00%, each the same at both bounds, since no other instrument carries rate bounds. The headline annual total stays US$1.82B/yr. The financing cost moves with the bitcoin price; at every price the range is the whole loan at each filed rate. Dependent rows: 0 recomputed. No Senior Claims %, CEBE, BTC Rating or snapshot figure moves: none of them reads the instruments tab's rate.

The instruments tab still gave each Kraken tranche row a rate of its own, 8.00% per annum on Tranche A and 7.75% per annum on Tranche B, as text and as a single numeric rate. The filings put one fee on the whole June Loan and state no rate per tranche. Both rows now carry the filed schedule in words, the same on each: "7.75% or 8.00% per annum, one fee on the whole June Loan: 7.75% while at least 2,000 bitcoin are held in the Trading Wallet, 8.00% otherwise. No filing states the Trading Wallet balance." The single numeric rate is cleared on both rows. The two filed rates stay in the rows' rate bounds, filed on 2026-10-13, which /credit/ already reads.

Source: Nakamoto Inc. Form 8-K accession 0001493152-26-028223 (June 2026), the June term sheet, and Form 10-Q accession 0001493152-26-037603 for the quarter ended 2026-06-30, filed 2026-08-13, Note 7 Debt: one fee on the whole US$165,000,000 June Loan, 7.75% while at least 2,000 bitcoin are held in the Trading Wallet and 8.00% otherwise, with no Trading Wallet balance stated and no rate per tranche. Method decision, 2026-10-13. Applied 2026-10-13, the rate bounds earlier the same day. Before and after read from the instruments, snapshots and deals tabs as served by /api/sheet-data on 2026-10-13 at 21:30:42 UTC, with the two tranche rows' rate and rate_numeric set back to their values before the before read, each page run on both reads at a bitcoin price of US$83,276.

/company/NAKA/ instruments table, Rate: Tranche A "8.00% per annum" and Tranche B "7.75% per annum (if 2,000 BTC Bitwise SMA maintained)" before, the filed schedule above on both after. /api/v1/instruments.json, both tranche rows: rate moves as on /company/NAKA/; rate_numeric 0.08 (Tranche A) and 0.0775 (Tranche B) before, null after. /credit/ does not move: it reads the rate bounds and not these cells, and printed the same page on both reads, Nakamoto's financing cost 3.44% to 3.55%, annual obligations US$12.8M to US$13.2M/yr and cost per share 809 to 835 sats a year at US$83,276, and 3.47% to 3.58% and 816 to 843 sats at US$82,486, the price of the original section. The Capital Events Ledger and the Decision Lab do not move either, and printed the same page on both reads. The three June deal rows that name a tranche (NAKA-2026-06-05-001, NAKA-2026-06-11-001 and NAKA-2026-06-11-003) are legs of one funding group with the repayment of the 2025 Kraken loan. The ledger reports that group as one refinancing, with its net claim change of minus US$45M and no per-share test or coupon line, and the Decision Lab as one claim-retired print, whose carry line is computed only for a claim added, so neither read a tranche's single rate before the clear. No Senior Claims %, CEBE, Adjusted CEBE or snapshot figure moves. Dependent rows: 0 recomputed.

Record: #A-444, #A-425, 4 writes verified 2026-10-13 21:22:21 UTC, rate bounds applied 2026-10-13 12:20:56 UTC

The site now costs a conditional rate at the higher filed rate, one figure everywhere, with the condition in a note. Nakamoto's June Loan is costed at 8.00% on the full 165,000,000 USDT, the filed rate whenever the Trading Wallet holds less than 2,000 bitcoin; the note reads "7.75% while at least 2,000 BTC sit in the Trading Wallet; no filing states the balance." The lower rate and the schedule stay on the instruments tab as the record. The interest line on the costs rows moves from US$12,937,500, a per-tranche split no filing makes, to US$13,200,000.

Source: Nakamoto Inc. Form 8-K accession 0001493152-26-028223 (June 2026) and Form 10-Q accession 0001493152-26-037603, Note 7: one fee on the whole June Loan, 7.75% while at least 2,000 bitcoin are held in the Trading Wallet and 8.00% otherwise, no balance stated. 165,000,000 times 8.00% is US$13,200,000. Applied 2026-10-17: the interest line at 04:02:06 UTC and the two tranche rows on the instruments tab at 04:04:33 UTC; stored types read back at 04:05:07 UTC.

Costs tab, Nakamoto interest: US$12,937,500 to US$13,200,000, a rise of US$262,500 a year, 0.1003 points of the reserve of US$261,614,322. The Wrapper figures in the entry Offsets summed as costs include it: /company/NAKA/ 7.19%, /tracker/ modal 7.54%, /credit/ Annual Wrapper US$18.8M. /api/v1/instruments.json, both tranche rows: rate to "8.00% per annum", rate_numeric blank to 0.08, rate_condition the note above; rate_low 0.0775 and rate_high 0.08 unchanged. No Senior Claims %, CEBE, Adjusted CEBE or snapshot figure moves. Dependent rows: 0 recomputed.

Record: RULINGS_2026-10-15-g

On /credit/, the row and card for Nakamoto's secured convertible debenture printed it as converted, under a "CONVERTED" heading and with "claims eliminated" as its payment. It never converted. The company redeemed it in cash on 29 September 2025 and paid US$203,000,000 on 30 September, the US$200,000,000 principal plus a 1.5% premium, with no interest due. The card also gave it a Claims % contribution, 53.3% to 54.2% as the bitcoin price moved, and a break-even of US$44,773, as though the principal were still owed; it has been no claim since 30 September 2025. Its maturity read 12 May 2028 and its launch 12 May 2025, both worked out from the date the purchase agreement was signed; the debenture itself states an issue date of 14 August 2025 and a maturity of 14 August 2028, and the instrument row now carries both. Its conversion line read "Convertible to common at 2.8 per share". The debenture states that the US$2.80 price was subject to a one-time, downward only reset to 130% of the VWAP before the resale registration took effect, not below US$2.00, and to an exchange cap of 1,203,827 shares without stockholder approval; whether the reset took effect is stated in no filing read. On 11 October 2026 that reset had been withdrawn from the instrument row as unfiled, on a reading of the quarterly and annual reports, which describe it without stating its terms. The debenture states them, the withdrawal is reversed, and the card's source line now cites the debenture itself. The page now prints the row by the status the instruments tab serves, repaid, and computes no claim, cost or coverage figure for it.

Source: Kindly MD, Inc. (now Nakamoto Inc.) Secured Convertible Debenture, Exhibit 4.1 to Form 8-K accession 0001213900-25-077579, filed 2025-08-15 (sha256 aa6df1e7): the issue date, Section (1)(a) the maturity date, Section (1)(b) interest, Section (4)(a)(ii) the conversion price and its reset. Form 8-K accession 0001213900-25-088174, filed 2025-09-16, Item 8.01, the redemption notice (sha256 63b79bd2). Form 8-K accession 0001213900-25-096183, filed 2025-10-03, Item 1.02, the cash repayment (sha256 b9cc303a). Form 10-Q accession 0001493152-25-024260 for the quarter ended 2025-09-30 and Form 10-K accession 0001493152-26-013601 for 2025, Note 9, each stating the debenture fully repaid. The row's dates, source and reset travel in courier naka_instruments_debenture_2026-10-11.tsv (sha256 abbfe324), delivered 2026-10-12 at 13:23:30 UTC and applied, read back live 2026-10-12 at 13:47:32 UTC. The withdrawal reversed was applied 2026-10-11 at 18:12:29 UTC. Before text read live 2026-10-12 at 13:23:55 UTC.

/credit/, the debenture's row: the subgroup heading "CONVERTED (5)" to "RETIRED (5)"; badge "CONVERTED" to "REPAID"; face "Converted" to "$200.0M, repaid"; annual dividend "n/a, converted" to "none"; payment "claims eliminated" to "Cash, repaid"; financing cost "17.30%", BTC Rating "2.2x" and cash coverage "1.5 yr", company figures printed on this row, each to "n/a, repaid"; maturity 2028-05-12 to 2028-08-14. Its card: annual cost to common equity "n/a" to "none, repaid"; Claims % contribution 54.2% (53.3% earlier the same day) to "none, repaid"; break-even "If BTC drops to $44,773: this instrument consumes 100% of its coverage" to "not computed, repaid"; annual interest "not yet verified" to "None"; launched 2025-05-12 to 2025-08-14; conversion "Convertible to common at 2.8 per share" to "Was convertible to common at 2.8 per share. Status: repaid."; impact on common equity, the cash-dividend template, to "Not outstanding: the instruments tab gives its status as repaid. It enters no claims, cost or coverage figure on this page."; the source line from a correction note to a citation of the debenture and the two 8-Ks, linked to Exhibit 4.1. No Senior Claims %, CEBE or snapshot figure moves: the debenture sat in no claims figure after 30 September 2025, and the card's claim figures were computed on the page alone. Dependent rows: 0 recomputed.

Record: #A-398, #A-375

The public feed served Nakamoto's annual wrapper cost as a negative figure, US$-18,925,667, which reads as a surplus, and no traceable construction stood behind it. It was the 30 June 2026 snapshot cell, built by netting costs of US$19,816,333 against offsets of US$38,742,000 that are not filed operating results: a pre-acquisition estimate drawn from the gross revenue of the businesses acquired in February 2026, and a modelled return on bitcoin derivatives. The site's rules retired both as offset bases in September 2026, and the cell was never rebuilt. The 31 March 2026 cell carried US$-31,080,000, a non-GAAP operating loss multiplied by four and entered with the sign of a surplus. Both cells are now blank, and the feed serves Nakamoto's wrapper as null. A figure is restored when it is traced to the filings, as a new value built from them, never the old cells brought back. The 30 September and 31 December 2025 cells, interest on a filed balance at a filed rate, stand.

Source: the construction notes on the 30 June and 31 March 2026 snapshot rows; Nakamoto Inc. Form 10-Q for the quarter ended 2026-06-30, accession 0001493152-26-037603, Note 13, the segment results the offsets do not come from. Cleared by courier naka_snapshots_wrapper_held_null_r2_2026-10-12.tsv. Applied 2026-10-13; read back live on the feed after the apply. Before value read live on the feed at 19:10 CT on 2026-10-12.

/api/v1/companies.json, Nakamoto: wrapper_annual_usd -18,925,667 to null; wrapper_annual_usd_verified false to null. The snapshots read at /api/sheet-data: NAKA_20260630 wrapper_fee_annual_usd -18,925,667 to blank and NAKA_20260331 wrapper_fee_annual_usd -31,080,000 to blank, each row's estimate flag TRUE to blank. On the same read-back, Senior Claims % 55.68, CEBE 10,426 sats, Adjusted CEBE 10,462 sats, debt, cash and CEBE mNAV 1.353 are unchanged: no claims figure reads the cell, and the company page's chart never plotted a value at or below zero. Dependent rows: 0 recomputed.

Record: #A-414, sha256 8162ea0f, applied 2026-10-13 01:58:27 UTC

On /credit/, the financing cost, a company's annual interest and dividends on the instruments listed as a percent of its bitcoin reserve, summed every instrument of the company on the instruments tab, including those the tab marks repaid or retired. The cash coverage beside it already counted outstanding instruments only. Three Nakamoto loans repaid or retired in 2025 still carry their face and rate on the tab, so Nakamoto's financing cost read 17.31% where its two outstanding Kraken tranches give 3.51%; a converted DDC Enterprise preferred raised DDC's from 0.19% to 0.80%. The Annual Cost table's annual obligations, cost per share and runway read the same sum and were overstated the same way. The instrument card also printed a Claims % contribution and a break-even bitcoin price for instruments no longer outstanding, worked from each face as though it were still owed. Every one of these figures now counts outstanding instruments only, by the status the instruments tab serves. The card of an instrument no longer outstanding prints none for both, and its row prints the tab's own status word, in a group headed retired, where it printed "Converted" and "claims eliminated" for every such row. Nakamoto's secured convertible debenture, which the company repaid in cash, is corrected in the entry for served copy with no filing behind it and is not repeated here.

Source: the instruments tab as served by /api/sheet-data on 2026-10-12 at 13:34:09 UTC, its status column and, for each counted row, its face_value and rate_numeric: on Nakamoto, Kraken 2025 (retired, US$210,000,000 at 8.00%), Kraken MLA 2025 (retired, US$210,000,000 at 8.00%) and Two Prime 2025 (repaid, US$203,017,500 at 8.50%), against the outstanding Kraken Tranche A (US$60,000,000 at 8.00%) and Tranche B (US$105,000,000 at 7.75%); on DDC Enterprise, the SATOSHI preferred (converted, US$32,800,000 at 4.50%). Before figures read live on /credit/ on 2026-10-12 at 13:35:03 UTC (financing cost) and 13:40:09 UTC (cards), at the page's live bitcoin prices of US$82,486 and US$82,483 via CoinGecko; after figures from the corrected page code run on the same rows at the same prices. Fixed when this change reached main.

Nakamoto at US$82,486: financing cost 17.31% to 3.51%, on every Nakamoto row and in the Annual Cost table; annual obligations US$63.8M/yr to US$12.9M/yr; cost per share 4,073 to 826 sats a year; runway 0.3 to 1.5 years. DDC Enterprise at the same price: financing cost 0.80% to 0.19%; annual obligations US$1.9M/yr to US$447K/yr; cost per share 41 to 10 sats a year; runway 10.3 to 44.3 years. No other company's financing cost, obligations, cost per share or runway moves: none of the rows the other ten companies carry as no longer outstanding has both a face and a rate above zero on the tab. The financing cost moves with the bitcoin price; at every price it counted the retired rows until this fix. Cards of instruments no longer outstanding, at US$82,483, Claims % contribution and break-even to none: Nakamoto Kraken 2025 57.0%, US$47,011 (annual cost US$17M/yr to none), Kraken MLA 2025 57.0%, US$47,011 (US$17M/yr to none), Antalpha 2025 55.9%, US$46,116, Two Prime 2025 55.1%, US$45,448 (US$17M/yr to none); DDC Enterprise SATOSHI preferred 13.7%, US$11,314 (US$1M/yr to none), pledged bitcoin loans 21.3%, US$17,586; Capital B, eleven converted bond tranches, B-01 Blockstream 5.5%, US$4,577, B-01 TOBAM 0.4%, US$355, B-01 back tranche 1 3.2%, US$2,611, A-01 TOBAM 0.4%, US$322, A-02 TOBAM 0.6%, US$484, B-01 Fulgur 1.9%, US$1,535, B-02 back 4.7%, US$3,917, B-01 Blockstream converted 7.0%, US$5,771, B-01 UTXO 0.8%, US$651, B-02 UTXO 1.2%, US$977, B-01 Ludovic 0.9%, US$780; OranjeBTC 2030 convertible 7.1%, US$5,823, Maple USDC loan 3.1%, US$2,532, 2026 bridge 10.8%, US$8,911; The Smarter Web Company convertible loan note 9.2%, US$7,613; H100 Group convertible tranches 1 to 5 9.9%, US$8,176, 2026-1 warrants 0.5%, US$411; Silvia, Inc. RSU pool 4.7%, US$3,907; Metaplanet 23rd and 24th warrants 0.0%, US$30. Rows the tab carries at a zero face printed 0.0% and US$0 and now print none. Dependent rows: 0 recomputed. No Senior Claims %, CEBE, BTC Rating or snapshot figure moves: none of them reads the instruments tab's face or rate.

OranjeBTC's deals tab left out deals and figures that the company's weekly treasury notices state. Seven deals in six weekly windows between 6 October and 21 December 2025, five share sales or repurchases and two bitcoin purchases, had no row, and fifteen bitcoin purchase rows from October 2025 to July 2026 carried no cash paid, three of them no price either, although each notice states both. Every OBTC3 deal row was tied, window by window, to the weekly notice that reports it, 42 notices from 7 October 2025 to 27 September 2026. The missing deals are now rows, and the blank cells carry the figures the notices state. The company's monthly reports of its own share trades, thirteen filed from September 2025 to October 2026, agree with the share count of every share row; no report is filed for July 2026, and that month's two rows are confirmed by the treasury balances the June and August reports state either side of it.

Source: OranjeBTC weekly Comunicados ao Mercado, each on the IR store: 12/10/2025 (217c3edd, sha256 7b3cc3b57b9f134f), 19/10/2025 (adfea1f3, 8a3f123f67f46ffd), 26/10/2025 (727a9d21, 67d88fae6607a7ef), 24/11/2025 (3509b6f9, c4d44a8b0dd1baad), 01/12/2025 (92d0e91b, fee2b917cb82fa8b), 14/12/2025 (32945144, a66066d8066cb512), 21/12/2025 (7a207830, 6c3070f88be1a374), 01/03/2026 (49272f57, 753029569357820e), 26/04/2026 (6fee19f7, d7b27a35fe681f66), 03/05/2026 (5caaf0d9, a3b27fa7bb1cf3fd), 10/05/2026 (d12a7e05, 07c7d759d014e846), 17/05/2026 (6eda66b7, 0aa1e35d03a23397), 24/05/2026 (70f22cbd, e03efdf8d824ff4e), 07/06/2026 (36de203c, 621a6693928a03d2), 14/06/2026 (4ad80e92, 79507adb0634d56b), 21/06/2026 (58627756, 28529e035c461785), 28/06/2026 (89e68d95, 713509deba2099af), 05/07/2026 (91e0bfe4, 6c3340e2d913c990) and 12/07/2026 (1745d596, 69e300663b9addf5). Cross-check: the monthly Formulário Individual on the company's own securities trades, thirteen reports filed 2025-09-08 to 2026-10-10, read 2026-10-12. Applied 2026-10-11 at 17:23:59 UTC (cells) and 17:26:14 UTC (rows).

Rows added, where none was served: OBTC3-2025-10-12-02, share sale of 296,600 ON at R$25.16, R$7,463,582 raised; OBTC3-2025-10-19-01, 165,700 ON at R$15.28, R$2,532,268 raised; OBTC3-2025-11-24-01, 7.3 BTC at US$95,312, US$695,778 paid; OBTC3-2025-11-24-02, 18,800 ON at R$11.54, R$217,040 raised; OBTC3-2025-12-01-01, net 48,600 ON repurchased (29,900 sold, 78,500 bought), R$488,596 paid; OBTC3-2025-12-14-01, 2 BTC at US$89,814, US$179,629 paid; OBTC3-2025-12-21-01, 8,000 ON repurchased at R$10.41, R$83,290 paid. Cash paid, none to the stated figure: OBTC3-2025-10-12-01 US$1,936,930 (price none to US$121,058); OBTC3-2025-10-20-01 US$1,087,859; OBTC3-2025-10-27-01 US$774,290; OBTC3-2026-03-01-01 US$47,207; OBTC3-2026-04-26-01 US$154,983; OBTC3-2026-05-03-01 US$157,462; OBTC3-2026-05-10-01 US$402,204; OBTC3-2026-05-17-01 US$390,900 (price none to US$78,180); OBTC3-2026-05-24-01 US$381,911 (price none to US$76,382); OBTC3-2026-06-07-01 US$2,790,327; OBTC3-2026-06-14-01 US$12,585,793; OBTC3-2026-06-21-01 US$1,154,174; OBTC3-2026-06-28-01 US$4,901,264; OBTC3-2026-07-05-01 US$488,432; OBTC3-2026-07-12-01 US$496,807. Cash paid is served negative, as cash out. The estimate flags on the two Maple draw rows of 14 and 28 June 2026 clear, their amounts unchanged. Deals rows enter no Senior Claims % or CEBE figure, so neither moves on any row. Dependent rows: 0.

Record: #A-358

Fourteen OranjeBTC share rows carried the reais total of the weekly treasury notice for their window, where the company's monthly report of its own share trades, filed later, states a different total for the same trades. The two filings agree on every share count and differ on the reais in fourteen windows, by R$1 to R$4,247. Method decision, 2026-10-12: the later primary filing wins on reais totals and the gap is recorded as a finding. Each row now carries the monthly report's total, the sum of the day volumes it lists for the window's trading days, rounded to the whole real as every OBTC3 deal row carries its reais. Not changed: twelve windows where the two filings already agree; the four-week window of 30 March to 26 April 2026, R$676 on both; the two July 2026 rows, for which no monthly report is filed, so the weekly notice is the only primary filing; and the window of 28 September to 4 October 2026, whose October days wait for the October report.

Source: OranjeBTC weekly Comunicados ao Mercado, each on the IR store: 12/10/2025 (217c3edd), 19/10/2025 (adfea1f3), 26/10/2025 (727a9d21), 30/10/2025 (485b0403), 24/11/2025 (3509b6f9), 28/12/2025 (5b0e86a2), 11/01/2026 (63d27cb8), 29/03/2026 (c8a065d8), 24/05/2026 (70f22cbd), 01/06/2026 (60a6a79e), 23/08/2026 (848e282e), 07/09/2026 (9f6713a0), 20/09/2026 (a1bc659f), 27/09/2026 (21b90006). OranjeBTC monthly Formulário Individual on negotiation of securities by the company itself (CVM Resolution 44), filed 10/11/2025 (17e798e8), 10/12/2025 (fcfc2960), 09/01/2026 (cc196706), 10/02/2026 (f385faa8), 10/04/2026 (f35543de), 10/06/2026 (ee57b722), 10/09/2026 (3315ea3c), 10/10/2026 (2e844b69), read 2026-10-12. Couriered 2026-10-13 as obtc3_deals_reais_later_filing_2026-10-13.tsv, sha256 9b84cd5532da068f.

Cash per row, before (the weekly notice) and after (the monthly report): OBTC3-2025-10-12-02 (comunicado 12/10/2025; form filed 10/11/2025): raised R$7,463,582 to R$7,459,335; OBTC3-2025-10-19-01 (comunicado 19/10/2025; form filed 10/11/2025): raised R$2,532,268 to R$2,531,233; OBTC3-2025-10-27-02 (comunicado 26/10/2025; form filed 10/11/2025): raised R$1,573,010 to R$1,572,387; OBTC3-2025-10-31-01 (comunicado 30/10/2025; form filed 10/11/2025): paid R$1,124,631 to R$1,124,702; OBTC3-2025-11-24-02 (comunicado 24/11/2025; form filed 10/12/2025): raised R$217,040 to R$217,058; OBTC3-2025-12-28-01 (comunicado 28/12/2025; form filed 09/01/2026): paid R$1,244,605 to R$1,244,600; OBTC3-2026-01-11-01 (comunicado 11/01/2026; form filed 10/02/2026): paid R$501,670 to R$501,671; OBTC3-2026-03-29-01 (comunicado 29/03/2026; form filed 10/04/2026): paid R$249,802 to R$249,801; OBTC3-2026-05-24-02 (comunicado 24/05/2026; form filed 10/06/2026): paid R$7,830,398 to R$7,830,387; OBTC3-2026-05-31-02 (comunicado 01/06/2026; form filed 10/06/2026): paid R$2,012,816 to R$2,012,823; OBTC3-2026-08-23-01 (comunicado 23/08/2026; form filed 10/09/2026): paid R$581,347 to R$581,357; OBTC3-2026-09-07-01 (comunicado 07/09/2026; form filed 10/09/2026 and 10/10/2026): paid R$23,117,712 to R$23,117,650; OBTC3-2026-09-20-01 (comunicado 20/09/2026; form filed 10/10/2026): paid R$3,159,300 to R$3,159,355; OBTC3-2026-09-27-01 (comunicado 27/09/2026; form filed 10/10/2026): paid R$1,866,296 to R$1,866,294. Cash paid is served negative, as cash out, before and after. Deals rows enter no Senior Claims % or CEBE figure, so neither moves on any row. Dependent rows: 0.

The Smarter Web Company's 23 July and 2 September 2026 rows carried the Coinbase facility and the carried cash balance converted at each row's rate and rounded to the thousand. The 23 July row now carries £18,500,000 and £1,273,024 at 1.3312, and the 2 September row £20,500,000 at 1.3483, each to the cent; the 2 September cash already stood at its exact figure.

Source: Bitcoin Purchase announcement of 2 September 2026 ("total drawings under the facility are £20,500,000"), company PDF sha256 f8a4da168063e5b5d52f12af00c8171d6bed266e0f6723a8aedb27d26bbeaf4c; interim results for the six months to 30 April 2026, cash £1,273,024, company PDF sha256 9f4851757cc8196c516622983abb2050591d613ae5317b2a0c9589418cfc8ec2. Applied, 2026-10-11T15:08:38Z.

TSWCF_20260723: debt US$24,627,000 to US$24,627,200; cash US$1,695,000 to US$1,694,649.55; Senior Claims 13.056222% to 13.056535%; CEBE 631 to 631 sats, at the row's bitcoin price of US$65,052. TSWCF_20260902: debt US$27,640,000 to US$27,640,150; cash unchanged at US$1,716,418; Senior Claims 12.208821% to 12.208891%; CEBE 643 to 643 sats, at the row's bitcoin price of US$77,297.

Record: #A-332

The 3 August 2026 row carried the same rounding and was missed when the 23 July and 2 September rows were corrected. It now carries the Coinbase facility of £18,500,000 and the carried cash of £1,273,024 at the row's rate of 1.3426, to the cent.

Source: Bitcoin Purchase, Corporate Update and TVR announcement of 3 August 2026, RNS 9509O, facility unchanged at £18,500,000; interim results for the six months to 30 April 2026, cash £1,273,024, company PDF sha256 9f4851757cc8196c516622983abb2050591d613ae5317b2a0c9589418cfc8ec2. Applied, 2026-10-12T15:15:22Z.

TSWCF_20260803: debt US$24,838,000 to US$24,838,100; cash US$1,709,000 to US$1,709,162.02; Senior Claims 13.437946% to 13.437910%; CEBE 626 to 626 sats, at the row's bitcoin price of US$63,465.

Record: #A-407

Eleven of The Smarter Web Company's drawings on the Coinbase facility, on its deal rows, were stated in dollars rounded to the thousand. Each now carries the sterling drawing converted at the cross for its own date, to the cent.

Source: the drawing announcements by Investegate id, 16 March 2026 to 2 September 2026 (the sterling amounts unchanged); the crosses from /api/btc-close. Applied 2026-10-20.

Facility drawings in dollars: 16 March US$860,000 to US$868,296.73; 9 April US$11,709,000 to US$11,908,558.05; 23 April US$3,308,000 to US$3,383,499.20 (now dated 24 April); 29 April US$1,985,000 to US$2,040,344.38; 5 May US$1,985,000 to US$2,038,824.55; 12 May US$1,323,000 to US$1,352,702.16; 15 May US$662,000 to US$666,424.97; 21 May US$1,323,000 to US$1,344,100.53; 26 May US$662,000 to US$670,773.55; 29 May US$662,000 to US$672,625.23; 2 September US$2,697,000 to US$2,696,551.65. Dependent rows: 0 recomputed.

Record: #A-588, applied 2026-10-20 13:20:00 UTC, RULINGS_2026-10-20-g

H100 Group's snapshot rows took their share price from the NGM Growth Market, where the shares are listed, but the tracker had no route to its closing prices and left five rows blank. The sixth, 31 December 2025, carried SEK 1.9 from a third-party data vendor. The closes were available throughout: each H100 release on MFN carries the day's NGM price, and H100's investor relations page publishes the full daily close series through Modular Finance, the operator of MFN. Every served row now carries the NGM close for its date, and 31 December 2025 carries the 30 December close, the last trading day of the year.

Source: the daily NGM close series on H100 Group AB's investor relations page, served by Modular Finance (widget sha256 21de29ccff965d47), each close carrying its own date; cross-checked against the MFN price box on every H100 release day from 2025-07-09 to 2026-09-29 that was tested, eleven in all, which agree to the box's two decimals. Applied 2026-10-11 at 14:07:02 UTC.

HOGPF_20251231: share price SEK 1.9 to SEK 1.895. Newly filed, where the row carried none: HOGPF_20250930 SEK 4.57; HOGPF_20260331 SEK 1.45; HOGPF_20260630 SEK 1.082; HOGPF_20260719_R SEK 1.066, the 17 July close; HOGPF_20260810 SEK 1.074. Senior Claims % and CEBE do not read the share price and are unchanged on every row. With six priced rows, the company page's valuation chart has enough points to draw for the first time. The /charts/ page still withholds H100's valuation points, because its reader expects the exchange rate the other way round from the rows; that is routed to the engineering desk. Dependent rows: 0 recomputed.

Record: #A-326

Two Twenty One Capital rows did not carry the share's close on their balance dates. The 31 March 2026 row carried US$6.32, the average price the company's Form S-8 states for 27 March 2026, a figure for calculating a registration fee; the close on 31 March was US$6.40. The 30 June 2026 row carried no price, under a note written before the quarter ended; the close on 30 June was US$4.95. Both rows now carry the close, marked estimated at this find because the figures came from aggregators rather than the exchange; the next section records the exchange's own confirmation.

Source: closing prices from the consolidated tape as served by Yahoo Finance and by Nasdaq historical quotes, retrieved 2026-10-11, which agree to the cent; the 31 March row's earlier note citing the Form S-8 average for 27 March 2026. Applied 2026-10-11 at 16:39:26 UTC; read back live 2026-10-11 at 16:41:37 UTC.

XXI_20260331: share price US$6.32 to US$6.40; CEBE mNAV 0.8456x to 0.8563x; sats per US$100 of stock 173,629 to 171,459. XXI_20260630: share price none to US$4.95; CEBE mNAV none to 0.7919x; sats per US$100 of stock none to 215,621. Each row at its own bitcoin price, on the rows as they stood at the apply. Senior Claims % and CEBE do not move. The company page's valuation chart, which needs three rows with a close, now renders. Dependent rows: 0 recomputed.

Record: #A-345

The two Twenty One Capital closes filed earlier the same day were read from aggregators and marked estimated. The New York Stock Exchange's own published daily history for the share prints the same figures to the cent, US$6.40 on 31 March 2026 and US$4.95 on 30 June 2026, and also prints US$8.76 for 31 December 2025, the figure the row of record already carried, and US$6.64 for 9 April 2026, the one close the company's second-quarter report states. Neither quarterly report states a close for the two balance dates, so the exchange's close is the figure. The estimated marker comes off both rows.

Source: the New York Stock Exchange quote page for XXI, https://www.nyse.com/quote/XNYS:XXI, whose quote history list (518 trading days, 2024-08-13 to 2026-10-09) was read from the page on 2026-10-12 at 04:51:08 UTC and banked verbatim at verification/anchors/XXI/provenance/nyse_xxi_quote_history_2026-10-11.json; Twenty One Capital, Inc. Form 10-Q for the quarter ended 2026-06-30, accession 0001213900-26-087471, Note 9, for the 9 April 2026 close. Courier xxi_snapshots_mechanics_stock_close_verified_2026-10-11.tsv, applied 2026-10-12 at 05:37:25 UTC.

No served figure moves. XXI_20260331 share price US$6.40 and XXI_20260630 share price US$4.95 stand; the estimated flag on each clears. CEBE mNAV, sats per US$100 of stock, Senior Claims % and CEBE are unchanged on every row. Dependent rows: 0 recomputed.

Record: #A-391

Thirteen OranjeBTC rows from 28 June to 27 September 2026 did not carry the B3 close for their dates. Eight carried the price the company paid for its own shares in a repurchase, as its weekly treasury notice states it, or that price carried forward to a later week: R$4.05 on three rows (the off-exchange block of 14 July and two later weeks), R$7.2668, R$7.2564, R$5.3005, R$6.3186 and R$7.4533. Two carried R$6.96 from a basis no source states. Three carried none. Each row now carries the B3 closing price on the last trading day on or before its date, read from the exchange's own daily quotation file. 7 September 2026 was a B3 holiday, so the rows of 6 and 7 September both take the close of 4 September. The same file reproduces, to the cent, the five OBTC3 closes already on the tab.

Source: B3 daily historical quotation files, https://bvmf.bmfbovespa.com.br/InstDados/SerHist/COTAHIST_D<DDMMYYYY>.ZIP, OBTC3 spot market, last price, for 26/06, 30/06, 17/07, 24/07, 31/07, 07/08, 14/08, 21/08, 28/08, 04/09, 18/09 and 25/09/2026, re-read 2026-10-12, which agree with the applied figures on every row. Applied 2026-10-11 at 17:39:54 UTC.

Share price, then CEBE mNAV and sats per US$100 of stock, before and after, each row at its own bitcoin price, exchange rate and CEBE under rules version 2026-10-11.2. OBTC3_20260628_R: R$6.96 to R$5.91; mNAV 1.0119x to 0.8593x; 166,101 to 195,611 sats. OBTC3_20260630: R$6.96 to R$5.94; 1.0174x to 0.8683x; 167,820 to 196,638. OBTC3_20260719_R: R$4.05 to R$6.15; 0.5176x to 0.7859x; 298,775 to 196,754. OBTC3_20260726_R: R$4.05 to R$6.11; 0.5195x to 0.7837x; 294,651 to 195,309. OBTC3_20260802_R: none to R$6.25; none to 0.8204x; none to 192,059. OBTC3_20260809_R: R$4.05 to R$6.42; 0.5170x to 0.8196x; 298,225 to 188,133. OBTC3_20260816_R: none to R$6.30; none to 0.8336x; none to 190,863. OBTC3_20260823_R: R$7.2668 to R$7.45; 0.7570x to 0.7761x; 169,982 to 165,802. OBTC3_20260830_R: R$7.2564 to R$7.11; 0.7412x to 0.7263x; 173,720 to 177,297. OBTC3_20260906_R: none to R$7.00; none to 0.6950x; none to 179,111. OBTC3_20260907_R: R$5.3005 to R$7.00; 0.5212x to 0.6884x; 242,564 to 183,673. OBTC3_20260920_R: R$6.3186 to R$6.99; 0.6000x to 0.6638x; 205,332 to 185,610. OBTC3_20260927_R: R$7.4533 to R$7.42; 0.6702x to 0.6672x; 176,681 to 177,474. Senior Claims % and CEBE do not read the share price and are unchanged on every row; the latest row, OBTC3_20261004_R, already carried its close and is unchanged. Dependent rows: 0 recomputed.

Record: #A-362

Four Silvia rows filed after 30 June 2026, dated 2 September, 15 September, 22 September and 6 October 2026, carried no share price at all, so the company page drew no valuation point for them, and Adjusted CEBE, which reads the latest row, was held: an instrument's expected state depends on the share price against its exercise price, and the row gave none. Each row now carries the Nasdaq Global Market close on its own date. The shares traded as BRR until 22 September 2026, when the ticker became SVIA; Nasdaq keeps the whole history under SVIA. For 6 October 2026 the company's own filing of 9 October states the same close. With a close on the latest row, Adjusted CEBE serves.

Source: Nasdaq's historical quotes for SVIA, https://www.nasdaq.com/market-activity/stocks/svia/historical, read through the page's data service on 2026-10-13 at 01:54:34 and 02:04:14 UTC, which also reproduce to the cent the three quarter-end closes the rows already carried; Silvia, Inc. post-effective amendment to its registration statement, filed 2026-10-09, accession 0001493152-26-046616, which states the 6 October 2026 closing price of the common stock as $4.18. Neither that filing nor the 8-K of 22 September 2026 (accession 0001493152-26-043753) states a close for the three September dates. The September rows applied 2026-10-13 at 02:12:46 UTC; the 6 October row applied 2026-10-13 at 12:44:03 UTC, once the rules version that keeps a share-price-hurdle grant out of Adjusted CEBE below its hurdle was live; read back from the companies feed 2026-10-13 at 12:53:44 UTC.

Share price, then CEBE mNAV and sats per US$100 of stock, each row at its own bitcoin price. BRR_20260902_R: none to US$2.31; none to 0.6152x; none to 210,297 sats. BRR_20260915_R: none to US$3.14; none to 0.8524x; none to 155,202. BRR_20260922_R: none to US$4.66; none to 1.0793x; none to 107,509. BRR_20261006_R: none to US$4.18; none to 0.9659x; none to 121,037. Adjusted CEBE on the companies feed, under rules version 2026-10-11.14: held to 5,209 sats, above standing: expected exercise proceeds from warrants and options; the range over every delivery outcome of its admitted instruments is 5,059 to 6,237 sats; Adjusted CEBE mNAV none to 0.869x at the live share price. Senior Claims % and CEBE do not read the share price and are unchanged on every row: 20.5486%, 21.2166%, 19.0586% and 19.84%; 4,858, 4,873, 5,010 and 5,059 sats. Dependent rows: 0 recomputed.

Record: #A-416, #A-429

Five Smarter Web Company rows did not carry the London Stock Exchange close for their dates, where the shares are listed. Four, dated 30 June, 23 July, 3 August and 2 September 2026, carried a price implied by a share placement, marked estimated. The fifth, 30 September 2026, carried none, because the exchange's price chart could not be read for a dated close. The daily series behind that chart, which the exchange's own SWC page loads, dates every close it carries and reaches each of these dates. Each row now carries the exchange close for its date, in pence, the quote unit.

Source: the daily close series behind the price chart on the London Stock Exchange's SWC company page, https://www.londonstockexchange.com/stock/SWC/the-smarter-web-company-plc/company-page, read 2026-10-13 between 01:58:15 and 02:07:15 UTC for each date's window, every close carrying its own date; the same series reproduces the 31 March 2026 close the tab already carried, 26.9p. No company announcement states a close for these dates; the quarterly investor update of 1 October 2026 (RNS 0862X) states no share price. The four placement rows applied 2026-10-13 at 02:13:02 UTC; the 30 September row applied 2026-10-13 at 12:44:13 UTC.

Share price, then CEBE mNAV and sats per US$100 of stock, each row at its own bitcoin price and exchange rate. TSWCF_20260630: 28p to 25.025p; 1.0200x to 0.9116x; 167,404 to 187,305 sats. TSWCF_20260723: 29.5p to 29.6p; 0.9565x to 0.9598x; 160,706 to 160,163. TSWCF_20260803: 31p to 28.3p; 1.0471x to 0.9559x; 150,474 to 164,831. TSWCF_20260902: 31p to 31.5p; 0.8405x to 0.8540x; 153,927 to 151,484. TSWCF_20260930: none to 68.64p; none to 1.6594x; none to 72,105. Senior Claims % and CEBE do not read the share price and are unchanged on every row. Adjusted CEBE reads the latest row, which is now 12 October 2026, so it did not move here and stays held until that row carries its own close. Dependent rows: 0 recomputed.

Record: #A-417, #A-430

H100 Group's fourteen deal rows named no currency for their proceeds or share price, so the site withheld every one of those figures rather than read a krona amount as dollars. Five of the rows also carried the wrong thing as the share price at the deal: three carried the price at which the deal's new shares were issued, and two carried dollar estimates with no filing behind them. The share price at a deal is the market price on its date. Each row now names its currencies, and the five carry the NGM close on the deal date, with the issue and conversion prices kept in each row's note.

Source: the daily NGM close series on H100 Group AB's investor relations page, served by Modular Finance, each close matching the MFN price box on that day's own H100 release (2025-07-09, 2025-11-21, 2026-02-12 and 2026-08-10); the deal terms from the same releases. Applied 2026-10-11 at 14:08:00 UTC.

Share price at the deal: H100-2025-07-09-01 SEK 6.38, the share issue's subscription price, to SEK 8.40; H100-2025-07-09-02 0.724 with no currency (an estimate) to SEK 8.40; H100-2025-11-21-01 0.1925 with no currency (an estimate) to SEK 1.815; H100-2026-02-12-01 SEK 2.19, the share issue's subscription price, to SEK 1.355; H100-2026-08-10-01 SEK 1.86, the share issue's subscription price, to SEK 1.074. Proceeds: US$18,267,000 on H100-2025-07-09-01 and US$36,080,000 on H100-2025-07-09-02 now named as dollars; the twelve rows with no proceeds now name krona. Where the figures were shown: the capital events page lists H100-2025-11-21-01 as a share conversion and printed its share price on the row with a dollar sign, $0.1925; it now prints the krona close, 1.815, still under a dollar sign until that page reads the row's currency, work in progress on the engineering desk. The /charts/ and /flows/ pages, which read the currency, withheld every one of these figures before; the two dollar proceeds now serve there, and the krona share prices stay withheld while those pages expect the exchange rate the other way round, also routed to the engineering desk. Senior Claims % and CEBE do not read deal rows. Dependent rows: 0 recomputed.

Record: #A-326

Twenty-six Capital B deal rows carried a term of the deal in the share price cell: the average subscription price of an at-the-market tranche, a warrant exercise price, a bond conversion price or a placement price, and on six rows an estimate in place of a price. The cell is the share's market price on the deal date. Each row now carries the Euronext Growth Paris close of its deal date, with the term it carried kept in the row's notes. Closes before the reverse split of 8 September 2026 (10 old shares for 1 new) are as traded on their day, the basis on which the deal rows themselves are filed. The Decision Lab divides that price by CEBE per share at the governing snapshot, and every snapshot row states its share count on the post-split basis, so on the thirteen priced prints before the split the ratio it shows is the pre-split price over a post-split per-share figure, about one tenth of the like-for-like ratio. That arithmetic belongs to the page, not to these cells, and this correction does not change it.

Source: Euronext Growth Paris historical prices for ALCPB (ISIN FR0014019Y19, the line's history carried through the ISIN change of 8 September 2026), Non-Adjusted close column, live.euronext.com download read 2026-10-11 and kept as euronext_ALCPB_historical_2026-01-01_to_2026-10-10_read-2026-10-11.csv, sha256 7fcd381558007b37522f76fe1d849e9ac3fa24a6ee28f959bd6b3fade9a2b472. The terms each row carried are stated in its notes with the release that set them. Applied 2026-10-11 at 17:01:52 UTC; read back cell by cell 2026-10-11 at 17:03:45 UTC.

No snapshot row, Senior Claims % or CEBE figure reads this cell. The deal-date share price on /credit/capital-events/ moves on each row, in euros: ALCPB-2026-02-09-02: EUR 0.78 to EUR 0.614; ALCPB-2026-02-09-03: EUR 0.544 to EUR 0.614; ALCPB-2026-02-16-02: EUR 0.67 to EUR 0.586; ALCPB-2026-03-09-02: EUR 0.6 to EUR 0.815; ALCPB-2026-03-16-02: EUR 0.71 to EUR 0.756; ALCPB-2026-03-23-02: EUR 0.76 to EUR 0.60; ALCPB-2026-04-13-01: EUR 0.544 to EUR 0.6234; ALCPB-2026-04-13-03: EUR 0.544 to EUR 0.6234; ALCPB-2026-04-13-04: EUR 0.544 to EUR 0.6234; ALCPB-2026-04-20-01: EUR 0.60 (estimate) to EUR 0.69; ALCPB-2026-04-27-01: EUR 0.67 (estimate) to EUR 0.659; ALCPB-2026-05-04-02: EUR 0.65 (estimate) to EUR 0.611; ALCPB-2026-05-18-01: EUR 0.6364 (estimate) to EUR 0.60; ALCPB-2026-05-18-02: EUR 0.65 to EUR 0.60; ALCPB-2026-05-18-03: EUR 0.66 to EUR 0.60; ALCPB-2026-05-18-04: EUR 0.6364 (estimate) to EUR 0.60; ALCPB-2026-06-01-01: EUR 0.54 (estimate) to EUR 0.5248; ALCPB-2026-06-01-02: EUR 0.63 to EUR 0.5248; ALCPB-2026-08-03-02: EUR 0.52 to EUR 0.462; ALCPB-2026-08-03-03: EUR 0.544 to EUR 0.462; ALCPB-2026-08-17-02: EUR 0.47 to EUR 0.4584; ALCPB-2026-08-28-01: EUR 0.58 to EUR 0.57; ALCPB-2026-09-02-01: EUR 0.58 to EUR 0.485; ALCPB-2026-09-07-02: EUR 0.51 to EUR 0.5192; ALCPB-2026-09-14-02: EUR 5.64 to EUR 5.278; ALCPB-2026-09-28-02: EUR 5.68 to EUR 5.516. CEBE mNAV at the print on the Decision Lab, the first priced leg of each print over CEBE per share at the print's own bitcoin price, both in euros, at the standing CEBE per share the governing snapshot carried on both dates: 9 February 2026 0.18x to 0.14x; 16 February 2026 0.18x to 0.16x; 9 March 2026 0.14x to 0.19x; 16 March 2026 0.17x to 0.18x; 23 March 2026 0.18x to 0.14x; 13 April, the warrant exercise and purchase 2026 0.13x to 0.15x; 20 April 2026 0.14x to 0.16x; 27 April 2026 0.14x to 0.14x; 18 May 2026 0.13x to 0.13x; 1 June 2026 0.12x to 0.12x; 3 August, the issuance and purchase 2026 0.13x to 0.12x; 17 August 2026 0.12x to 0.12x; 7 September 2026 0.11x to 0.11x; 14 September 2026 1.19x to 1.11x; 28 September 2026 1.08x to 1.05x. The bond conversion prints of 13 April and 3 August 2026 state no bitcoin price and the placements of 28 August and 2 September 2026 state no completion date, so the page showed no ratio for them before and shows none after. Dependent rows: 0 recomputed.

Record: #A-351

Nine of Metaplanet's deal rows carried a deal term as the share price at the deal: the offering price on three share issuances and on the warrant tranche sold beside the February 2026 issuance, and the exercise price on four 27th Series warrant exercises, which the warrant terms set at the previous day's close rather than the deal day's. The 10th Series exercise of 28 August 2026 carried no share price. The share price at a deal is the Tokyo Stock Exchange close on the deal date. Each row now carries that close in yen, and the deal terms stay in each row's source text. One priced row, the facility repayment reported on 2 April 2026, has no deal date on the row and is unchanged while that row waits on a ruling.

Source: the Tokyo Stock Exchange daily close series for 3350 as served by the site's own price route (cebetracker.io/api/stock-price?symbol=3350.T&range=2y, read 2026-10-12 at 04:52:57 UTC), each close matching the admitted feed's series for the same dates (Yahoo Finance 3350.T, read at 04:49:04 UTC); the 27th Series exercise prices and their reset rule from Metaplanet TDnet 140120260501516235 and 140120260601557325. Applied 2026-10-12 at 05:34:47 UTC; every courier cell read back equal 2026-10-12 at 05:35:26 UTC.

Share price at the deal, in yen: MTPLF-2025-09-17-01 553 (the offering price) to 601; MTPLF-2026-01-29-01 and MTPLF-2026-01-29-02 499 (the offering price) to 325; MTPLF-2026-03-31-02 380 (the offering price) to 294; MTPLF-2026-04-17-01 343 (the exercise price, the 16 April close) to 345; MTPLF-2026-04-20-01 345 to 333; MTPLF-2026-04-21-01 333 to 339; MTPLF-2026-05-08-01 362 to 344; MTPLF-2026-08-28-01 none to 346. Where the figures are shown: the stock price on each print in the Decision Lab and its CEBE mNAV at the print, the share price on the deal markers on /charts/, and stock_price_at_deal on /api/v1/deals.json. Senior Claims %, CEBE and every snapshot figure are unchanged. Dependent rows: 0 recomputed.

Record: #A-389

Eight OranjeBTC deal rows dated on a B3 trading day did not carry the B3 close of that date as the share price at the deal: two carried a price from the deal's own week, a share sale price and a repurchase average, two carried R$15.00, which is not the close of their date, and four carried none. Method decision, 2026-10-12: a window row, whose filing states a weekly window rather than one event date, takes the close from the listing venue on the row date only. Each of the eight now carries the B3 close on its own date. Held, with the reason, and unchanged: the 45 window rows dated on a Saturday or a Sunday, when B3 holds no session; the row of 7 September 2026, a B3 holiday; and the listing-day row of 7 October 2025, which carries R$29, the session's intraday high, until its source is ruled on.

Source: B3 daily historical quotation files COTAHIST_D20102025, COTAHIST_D27102025, COTAHIST_D31102025, COTAHIST_D24112025, COTAHIST_D01122025 and COTAHIST_D02012026, OBTC3 spot market, last price, read 2026-10-13. Couriered 2026-10-13 as obtc3_deals_window_close_2026-10-13.tsv, sha256 d0211ed3c3618f75.

Share price at the deal, in reais: OBTC3-2025-10-20-01 none to 14.65; OBTC3-2025-10-27-01 15.00, not the close of that date to 14.20; OBTC3-2025-10-27-02 15.00, not the close of that date to 14.20; OBTC3-2025-10-31-01 none to 13.63; OBTC3-2025-11-24-01 none to 11.05; OBTC3-2025-11-24-02 11.54 (that week's share sale price) to 11.05; OBTC3-2025-12-01-01 none to 9.66; OBTC3-2026-01-02-01 9.62 (that week's repurchase average) to 9.81. Where the Decision Lab strikes a CEBE mNAV at the print, it is linear in this price and moves by the same ratio; on the four rows that carried none, it struck none before. Senior Claims % and CEBE do not read the share price and move on no row. Dependent rows: 0.

The Smarter Web Company's 23 July bitcoin sale and repayment rows named no currency for a dollar figure, so the deal tape withheld the sale's proceeds. Both rows now name US dollars.

Source: Repayment of Smarter Convert Instrument of 23 July 2026, 9683036 ("The Company has repaid $11,698,540"). Applied 2026-10-20.

Proceeds currency on TSWCF-2026-07-23-01 and -02: none to US dollars; the sale's US$11,698,540.00, withheld before, now serves. The same change named US dollars as the price currency on fifteen bitcoin purchase rows; that was withdrawn on 2026-10-21 (next section). Dependent rows: 0 recomputed.

Record: #A-588, applied 2026-10-20 13:20:00 UTC, RULINGS_2026-10-20-g

On a deal row the price currency names the currency of the share price at the deal, and the bitcoin price is always in dollars. Sixteen of The Smarter Web Company's bitcoin purchase rows named a price currency for a row that carries no share price, and the 15 October purchase carried its sterling average, £62,676, in the bitcoin price cell. Those price currencies are now blank, and the 15 October row carries no bitcoin price, with the sterling average in its notes. Fifteen rows carry a term of the deal in the share price cell, a placement or subscription price; the price is kept, and each now says so in the note beside it.

Source: Bitcoin Purchase of 15 October 2026, company PDF sha256 aa5702eecb21d97e88ffb7e65e51bf59973def068ec26c2bc518f5620491a480 ("Average Purchase Price: £62,676 per Bitcoin", no dollar price); the placement and subscription announcements of 20 April to 12 October 2026, each stating the gross, the shares and an approximate price per share. Applied 2026-10-21.

Bitcoin price: TSWCF-2026-10-15-01 62,676 (pounds) to blank. Price currency: US dollars to blank on the fifteen purchase rows of 22 January to 2 September; pounds to blank on 15 October. No price figure on the deal tape moves: no purchase row is on the tape, and the share prices on the placement rows stay withheld while their pence currency waits on the tape learning to read pence. The fifteen deal-term prices are unchanged; the deals feed now labels each as a placement or subscription price, not a market close. Dependent rows: 0 recomputed.

Record: #A-601, applied 2026-10-21 15:04:47 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

Metaplanet's quarter-end rows for 2025 carried figures that were not the period report's own. The 31 March 2025 row carried debt of US$98.8 million, a dollar figure entered by hand, where the first-quarter report states zero-coupon bonds of JPY 4,250 million and no borrowings. The 30 September 2025 row carried debt of US$29.7 million and cash of US$20.0 million from a secondary source, where the third-quarter report states bonds of JPY 4,500 million and cash of JPY 1,488 million. The 30 June, 30 September and 31 December 2025 rows carried shares issued including treasury stock, and the 31 March 2025 row carried 459,823,340, a count the report does not state. Every quarter-end row from 31 March 2025 to 30 June 2026 now carries the period report's own cells in yen, with basic shares net of treasury from each report's cover page, and the rules file converts them at the row's own rate. Deposits held with third parties, which the reports keep outside cash and cash equivalents, are not netted.

Source: Metaplanet kessan tanshin (period reports) on TDnet, each read 2026-10-11: Q1 FY2025 140120250514551586 (sha256 f9d3091d), pages 2 and 8 to 9; H1 FY2025 140120250810538601 (sha256 a85731fa), pages 2, 8 to 9 and 15; Q3 FY2025 140120251113599616 (sha256 8909b6c3), pages 2 and 8 to 9; FY2025 140120260216563366 (sha256 78670c66), pages 2 and 13 to 14; Q1 FY2026 140120260513530380 (sha256 0bb33e6b), pages 2 and 10 to 11; H1 FY2026 140120260812518571 (sha256 8e49df9d), pages 2 and 11 to 12. Converted by config/rules.js at version 2026-10-11.2. Applied 2026-10-11 at 14:37:02 UTC; read back live 2026-10-11 at 14:39:35 UTC.

Each row at its own bitcoin price. One write applied this cause and the four later finds below on the same rows; each states its own step, and the net per row is stated where its last step falls. MTPLF_20250331: debt US$98,800,000 to US$28,345,375; cash US$12,000,000 to US$6,319,785; shares 459,823,340 to 459,880,960; Senior Claims 25.9885% to 6.5946%; CEBE 651.23 to 821.77 sats. MTPLF_20250630: debt US$208,609,596 to US$208,611,000; cash US$11,000,000 to US$11,939,503; shares 654,714,340 to 654,688,628; Senior Claims 13.8164% to 13.7508%; CEBE 1,757.33 to 1,758.74 sats. MTPLF_20250930: debt US$29,700,000 to US$30,410,100; cash US$20,000,000 to US$10,055,606; shares 1,140,974,340 to 1,140,948,401; Senior Claims 0.2758% to 0.5788%; CEBE 2,694.01 to 2,685.89 sats. These three rows are net here. MTPLF_20251231: shares 1,142,274,340 to 1,142,248,029, with debt, preferred and cash each within US$1,300 of the figures carried; Senior Claims 13.4578% unchanged; CEBE 2,659.43 to 2,659.50 sats. MTPLF_20260331: Senior Claims 14.0216% to 14.0214%; CEBE 2,711.11 to 2,711.12 sats. MTPLF_20260630: Senior Claims 23.8348% to 23.8349%; CEBE 2,556.16 sats unchanged. Dependent rows: 3 recomputed (MTPLF_20260831_R, MTPLF_20260911_R, MTPLF_20260930), which carry the 30 June 2026 balance sheet. None moves at the fourth decimal under this cause, and the 30 September 2026 row runs on the net senior claims the company filed.

Record: #A-328

Strive's quarter-end rows carried their at-the-market share count as zero or as a share-count change, not as the count each period report states. The 30 September 2025 row carried 0 shares, marked verified, where the quarterly report states 11.0 million Class A shares sold under the at-the-market program from 12 to 30 September 2025, before the 1-for-20 reverse split of 6 February 2026, which is 550,000 on the split-adjusted basis the row carries. The 31 December 2025 row carried 0, marked estimated; the annual report states only the total from 12 September to 31 December 2025, 26.4 million shares before the split (1.3 million after it), which includes the third quarter, so no report states the fourth quarter alone and the cell now reads not stated. The 30 June 2026 row carried 12,786,042, marked estimated, a change in the share count rather than the 12.8 million shares the quarterly report states. Each cell now carries the report's figure, and the estimate flag is cleared on all three. The 31 March 2026 row already carried its report's 8.2 million and is unchanged.

Source: Strive, Inc. Form 10-Q for the quarter ended 2025-09-30, accession 0001628280-25-052343 (complete submission sha256 1034d19f3df4bf2c04eef48c02f85665fb920f70add491672edea39b79632c29); Form 10-K for fiscal year 2025, accession 0001628280-26-019879 (complete submission sha256 eb466a8b0dd2b0c6946bd9ae88b0b849985fe8265bc4ea1d7cc3dc2ddb613dbd); Form 10-Q for the quarter ended 2026-06-30, accession 0001628280-26-054985 (complete submission sha256 dfcf2085c55bef0db6e6255f93728a9071229cf0cf97691e7ef3fe46a4d7b075). Found by the integrity run of 2026-10-11 (the 31 December cell) and the anchor's audit of the series (the other two). Applied 2026-10-11 at 17:48:51 UTC. Before read 2026-10-11 at 17:29:34 UTC from the Sheet; after read live 2026-10-11 at 17:50:13 UTC and again on the public snapshot read 2026-10-12 at 13:34:53 UTC.

The column is served on one surface, the public snapshot read, /api/sheet-data?tab=snapshots. ATM shares issued: ASST_20250930 0 to 550,000; ASST_20251231 0 (estimated) to not stated; ASST_20260630 12,786,042 (estimated) to 12,800,000; ASST_20260331 8,200,000 unchanged. No page and no rules computation reads the column, so Senior Claims % and CEBE are unchanged on every row and every surface, /company/ASST/ and /api/v1/companies.json included (the 2 October 2026 row of record still serves Senior Claims 40.76% and CEBE 17,290 sats). The weekly rows carry the quarter-to-date share change in this column and are unchanged by this find.

Record: #A-366

Capital B's rows carried none of the liabilities its continuation plan schedules outside financial debt. A reader reported EUR 3,358 thousand of liabilities scheduled under the court-approved continuation plan and absent from debt. The Tribunal de Commerce de Nanterre adopted the plan on 24 July 2024, after the judicial reorganization opened on 6 December 2023, with ten annual instalments from 23 July 2025 to 23 July 2034. The 2025 annual report lists, among the debts prior to the opening and integrated in the plan, trade payables of EUR 692 thousand, social debts of EUR 393 thousand and tax debts of EUR 65 thousand, carried in operating payables and not in financial debt; the half-year report to 30 June 2025 states the same three figures. Court-scheduled creditor liabilities are senior claims at scheduled face, undiscounted, whatever their interest terms, so every row from the plan's adoption now carries EUR 1,150 thousand more debt, converted at the row's own rate. That includes the EUR 692 thousand of trade payables, which the reader's figure did not. The plan's frozen promissory notes of EUR 801 thousand were already in debt. The rest of the reader's figure is VAT of EUR 2,900 thousand: the same note lists it among the plan's debts, but the parent company accounts in the same report state the VAT was excluded from the plan and is under a separate two-year moratorium, and the plan's schedule of admitted claims totals EUR 2,473 thousand, less than the VAT alone. The filing governs, and on its own pages it does not settle the VAT, so the VAT is not added. The 31 December 2024 and 31 March 2025 rows carry the June 2025 figures, because the 2024 report states no split and no instalment fell before July 2025.

Source: Capital B (formerly The Blockchain Group) annual financial report 2025, https://cptlb.com/wp-content/uploads/2026/04/20260430-TBG-RFA-2025-FINAL.pdf (French, sha256 44fed186), pages 16 to 17 (the plan and its schedule), 39 to 40 (the judgment and the contested claims), 80 to 82 (notes 5.13 to 5.15) and 110 to 112 (parent company accounts, the VAT); half-year financial report to 30 June 2025, https://cptlb.com/wp-content/uploads/2025/10/RFS-30-juin-2025.pdf (French, sha256 8f96cd40), pages 68 to 69; annual financial report 2024 (French, sha256 beddf36d), pages 61 to 62. Reported by a reader. Converted by config/rules.js at version 2026-10-11.2. Before read from the public snapshot read 2026-10-12 at 13:49:05 UTC and the feed at 13:56:47 UTC. Applied 2026-10-12 from 14:19 to 14:20 UTC; read back live on the public companies feed 2026-10-12 at 14:22 UTC, Senior Claims 23.49%, CEBE 7,037 sats and Adjusted CEBE 7,525 sats on the row of record.

Each row at its own bitcoin price, debt in US dollars at the row's own exchange rate. ALCPB_20241231: debt US$3,611,920 to US$4,807,920; Senior Claims 76.3617% to 100.0000%; CEBE 101.34 to 0.00 sats. ALCPB_20250331: debt US$6,375,505 to US$7,617,505; Senior Claims 100.0000% unchanged; CEBE 0.00 sats unchanged. ALCPB_20250630: debt US$9,680,454 to US$10,933,954; Senior Claims 75.6147% to 76.2691%; CEBE 3,225.51 to 3,138.96 sats. ALCPB_20250930: debt US$9,982,143 to US$11,270,143; Senior Claims 46.8338% to 47.2352%; CEBE 6,961.50 to 6,908.93 sats. ALCPB_20251231: debt US$9,173,297 to US$10,524,662; Senior Claims 45.0816% to 45.6282%; CEBE 6,833.66 to 6,765.64 sats. ALCPB_20260331: debt US$9,029,849 to US$10,362,814; Senior Claims 44.5972% to 45.2749%; CEBE 6,967.52 to 6,882.29 sats. ALCPB_20260601_R: debt US$7,895,887 to US$9,232,302; Senior Claims 32.3189% to 32.9158%; CEBE 7,066.38 to 7,004.05 sats. ALCPB_20260803_R: debt US$7,001,700 to US$8,325,005; Senior Claims 26.3444% to 27.0084%; CEBE 7,015.68 to 6,952.43 sats. ALCPB_20260817_R: debt US$7,047,944 to US$8,379,989; Senior Claims 26.2883% to 26.9451%; CEBE 7,018.42 to 6,955.89 sats. ALCPB_20260828_R: debt US$7,049,161 to US$8,381,436; Senior Claims 26.0336% to 26.5779%; CEBE 7,042.68 to 6,990.85 sats. ALCPB_20260902_R: debt US$7,049,161 to US$8,381,436; Senior Claims 26.0419% to 26.5900%; CEBE 7,041.88 to 6,989.70 sats. ALCPB_20260907_R: debt US$7,075,325 to US$8,412,545; Senior Claims 23.2398% to 23.7200%; CEBE 7,065.84 to 7,021.64 sats. ALCPB_20260914_R: debt US$7,026,647 to US$8,354,667; Senior Claims 23.2187% to 23.7006%; CEBE 7,067.64 to 7,023.28 sats. ALCPB_20260928_R: debt US$6,918,948 to US$8,226,613; Senior Claims 23.0485% to 23.4913%; CEBE 7,077.46 to 7,036.74 sats. On the row of record, ALCPB_20260928_R, which /company/ALCPB/, /tracker/, /compare/, /credit/ and /api/v1/companies.json print: Senior Claims 23.05% to 23.49%; CEBE 7,077 to 7,037 sats; net fiat claims US$2,964,114 to US$4,271,779; break-even US$1,074.71 to US$1,548.84; Adjusted CEBE 7,563 to 7,525 sats; CEBE mNAV 1.088 to 1.094 and Adjusted CEBE mNAV 1.018 to 1.023 at the feed's stock print of 2026-10-12 13:56 UTC; Indexed Claims % 22.04% unchanged. The Claims Grade input, struck on ALCPB_20260914_R at the grade-date price of US$75,590.24: 23.2560% to 23.7544%; the letter is the Claims Grader's. Every row prints on /company/ALCPB/ and /charts/, and the public snapshot read serves each debt figure above. The scenario tools start from the row of record and move with it. Bitcoin held, shares, cash and the BTC-indexed claim are unchanged on every row.

Record: #A-404

Capital B's rows now carry the VAT that its 2025 reports list with the continuation plan's debts: EUR 2,500 thousand at 30 June 2025 and EUR 2,900 thousand at 31 December 2025, penalties included. The section above left it out, because one part of the annual report lists it inside the plan and another states it was excluded from the plan and put on a separate two-year moratorium. A reader raised it with the plan liabilities. Either way the VAT is still owed. Leaving the court plan and moving onto a moratorium defers the payment; it does not cancel the debt, and a tax debt is paid ahead of the common shareholders. It now counts as a senior claim at face, undiscounted, from the first row whose report states it, converted at each row's own rate: the half-year report's EUR 2,500 thousand on the 30 June and 30 September 2025 rows, and the annual report's EUR 2,900 thousand on every row from 31 December 2025. The 31 December 2024 and 31 March 2025 rows are unchanged, because the 2024 report does not state it. The 2026 rows carry the annual report's figure until a later report states what the moratorium has paid. Where this section and the one above differ, this one governs; the one above stays as first published.

Source: Capital B (formerly The Blockchain Group) annual financial report 2025, https://cptlb.com/wp-content/uploads/2026/04/20260430-TBG-RFA-2025-FINAL.pdf (French, sha256 44fed186), page 82 (note 5.15, VAT EUR 2,900 thousand) and page 112 (parent company accounts, the VAT excluded from the plan and under a two-year moratorium of EUR 100 thousand a month); half-year financial report to 30 June 2025, https://cptlb.com/wp-content/uploads/2025/10/RFS-30-juin-2025.pdf (French, sha256 8f96cd40), page 69 (VAT EUR 2,500 thousand); annual financial report 2024 (French, sha256 beddf36d), pages 61 to 62, which state no such figure. Raised by a reader. Converted by config/rules.js at version 2026-10-11.13. Before from the stored cells the earlier find left, read back 2026-10-12 at 14:20:26 UTC, and the feed at 2026-10-13 01:44:15 UTC. Applied 2026-10-13 at 01:50:34 UTC; read back live on /api/v1/companies.json 2026-10-13 at 01:56:56 UTC: on ALCPB_20260928_R, Senior Claims 24.61%, CEBE 6,934 sats and Adjusted CEBE 7,431 sats.

Each row at its own bitcoin price, debt in US dollars at the row's own exchange rate. ALCPB_20250630: debt US$10,933,954 to US$13,658,954; Senior Claims 76.2691% to 77.6916%; CEBE 3,138.96 to 2,950.79 sats. ALCPB_20250930: debt US$11,270,143 to US$14,070,143; Senior Claims 47.2352% to 48.1080%; CEBE 6,908.93 to 6,794.65 sats. ALCPB_20251231: debt US$10,524,662 to US$13,932,452; Senior Claims 45.6282% to 47.0067%; CEBE 6,765.64 to 6,594.12 sats. ALCPB_20260331: debt US$10,362,814 to US$13,724,204; Senior Claims 45.2749% to 46.9838%; CEBE 6,882.29 to 6,667.37 sats. ALCPB_20260601_R: debt US$9,232,302 to US$12,602,392; Senior Claims 32.9158% to 34.4212%; CEBE 7,004.05 to 6,846.88 sats. ALCPB_20260803_R: debt US$8,325,005 to US$11,662,035; Senior Claims 27.0084% to 28.6829%; CEBE 6,952.43 to 6,792.93 sats. ALCPB_20260817_R: debt US$8,379,989 to US$11,739,059; Senior Claims 26.9451% to 28.6012%; CEBE 6,955.89 to 6,798.20 sats. ALCPB_20260828_R: debt US$8,381,436 to US$11,741,086; Senior Claims 26.5779% to 27.9506%; CEBE 6,990.85 to 6,860.15 sats. ALCPB_20260902_R: debt US$8,381,436 to US$11,741,086; Senior Claims 26.5900% to 27.9720%; CEBE 6,989.70 to 6,858.11 sats. ALCPB_20260907_R: debt US$8,412,545 to US$11,784,665; Senior Claims 23.7200% to 24.9308%; CEBE 7,021.64 to 6,910.18 sats. ALCPB_20260914_R: debt US$8,354,667 to US$11,703,587; Senior Claims 23.7006% to 24.9159%; CEBE 7,023.28 to 6,911.41 sats. ALCPB_20260928_R: debt US$8,226,613 to US$11,524,203; Senior Claims 23.4913% to 24.6078%; CEBE 7,036.74 to 6,934.05 sats. ALCPB_20241231 and ALCPB_20250331 are unchanged at Senior Claims 100.0000% and CEBE 0.00 sats. On the row of record, ALCPB_20260928_R, which /company/ALCPB/, /tracker/, /compare/, /credit/ and /api/v1/companies.json print: Senior Claims 23.49% to 24.61%; CEBE 7,037 to 6,934 sats; net fiat claims US$4,271,779 to US$7,569,369; break-even US$1,548.84 to US$2,744.46; Adjusted CEBE 7,525 to 7,431 sats; CEBE mNAV 1.112 to 1.128 and Adjusted CEBE mNAV 1.040 to 1.053 at the feed's stock print of 2026-10-13 01:44 UTC; Indexed Claims % 22.04% unchanged. The Claims Grade input, struck on ALCPB_20260914_R at the grade-date price of US$75,590.24: 23.7544% to 25.0112%; the letter is the Claims Grader's. Every row prints on /company/ALCPB/ and /charts/, and the public snapshot read serves each debt figure above. The scenario tools start from the row of record and move with it. Bitcoin held, shares, cash and the BTC-indexed claim are unchanged on every row.

Record: #A-413

Metaplanet's MERCURY preferred was carried at its face, JPY 1,000 a share on 23,610,000 shares, on every row since it was issued. The tracker carries preferred at its liquidation preference, and the share terms put the cumulative unpaid and the accrued quarterly dividend inside it. Each quarter's dividend is paid after its record date, so at every quarter end the preference holds that quarter's dividend: JPY 0.40 a share for the stub period to 31 December 2025 and JPY 12.25 a share for each quarter since. The rows now carry JPY 23,619,444,000 on 31 December 2025 and JPY 23,899,222,500 on 31 March and 30 June 2026, and the rows carried from 30 June take the 30 June figure.

Source: Metaplanet Annual Securities Report for FY2025, EDINET S100XTWY (sha256 27f52025), terms of the Class B preferred shares, section 3(2); dividend record and payment dates in the kessan tanshin FY2025 140120260216563366 (sha256 78670c66) and Q1 FY2026 140120260513530380 (sha256 0bb33e6b); 23,610,000 preferred shares on each balance sheet through H1 FY2026 140120260812518571 (sha256 8e49df9d). Applied 2026-10-11 at 14:37:02 UTC; read back live 2026-10-11 at 14:39:35 UTC.

Each row at its own bitcoin price, stated from the figures the earlier steps of the same write left. MTPLF_20251231: preferred US$150,513,750 to US$150,573,956; Senior Claims 10.3811% to 10.3831%; CEBE 2,754.04 to 2,753.98 sats. MTPLF_20260331: preferred US$148,837,440 to US$150,660,699; Senior Claims 14.0214% to 14.0880%; CEBE 2,711.12 to 2,709.02 sats. MTPLF_20260630: preferred US$145,251,081 to US$147,030,407; Senior Claims 23.8349% to 23.9055%; CEBE 2,556.16 to 2,553.79 sats. Dependent rows: 3 recomputed. MTPLF_20260831_R: Senior Claims 17.7703% to 17.8230%; CEBE 2,628.29 to 2,626.61 sats. MTPLF_20260911_R: Senior Claims 18.0808% to 18.1344%; CEBE 2,582.01 to 2,580.32 sats. MTPLF_20260930: unchanged at Senior Claims 21.1202% and CEBE 2,544.03 sats, because it runs on the net senior claims the company filed. Net on each quarter-end row across every step of the write: MTPLF_20251231 Senior Claims 13.4578% to 10.3831%, CEBE 2,659.43 to 2,753.98 sats; MTPLF_20260331 14.0216% to 14.0880%, 2,711.11 to 2,709.02 sats; MTPLF_20260630 23.8348% to 23.9055%, 2,556.16 to 2,553.79 sats.

Record: #A-328

Strive's SATA preferred was carried at its US$100 stated amount on the 2 October 2026 row. Its certificate sets the liquidation preference each business day at the greatest of the stated amount, the prior trading day's close on a day SATA is sold, and the average of the last reported sale prices over the ten trading days before the row date. SATA closed at US$100.01 on each of the ten trading days from 18 September to 1 October 2026, so the preference on 2 October was US$100.01 a share, not US$100. On every other SATA row, from 31 December 2025 to 9 October 2026, the ten-day average is below US$100 and the stated amount governs.

Source: Strive, Inc. Amended and Restated Certificate of Designation of the Variable Rate Series A Perpetual Preferred Stock, Exhibit 3.1 to accession 0001628280-26-034802 (sha256 a7547012), Section 1, definition of Liquidation Preference, and Section 6(a); 13,498,082 SATA shares at 2 October 2026 in the 8-K of accession 0001628280-26-064753; SATA daily closes on Nasdaq, 18 September to 1 October 2026. The change is asst_snapshots_sata_lp_1002_2026-10-13.tsv (sha256 aa629a6b), delivered 2026-10-13 at 23:11:02 UTC and applied 2026-10-13 at 23:12:59 UTC; the stated amount column for SATA on the row is unchanged.

At the row's own bitcoin price of US$84,506. ASST_20261002_R: preferred US$1,349,808,200 to US$1,349,943,180.82 (the public snapshot read prints the cell rounded to the dollar, 1,349,943,181); Senior Claims 40.7639% to 40.7694% (printed 40.76% to 40.77%); CEBE 17,290 to 17,288 sats; Adjusted CEBE 19,215 to 19,213 sats. The CEBE change from 2 October to 9 October 2026 reads +964 sats, not +962. The latest row, ASST_20261009_R, is unchanged at 38.52% and 18,252 sats.

Record: #A-451

Metaplanet's deals ledger carried a row recording the retirement of JPY 8,000,000,000 of bonds on 24 April 2026, the day the company issued its 20th Series bonds for the same amount. The filing the row cited is a change in the planned use of the 27th Series warrant proceeds; it retires no bond, and the 20th Series bonds stand at JPY 8,000 million on the 30 June 2026 balance sheet. The row was built in May 2026 from a reading that the bond proceeds had been redirected to redeem an earlier series, which the filing does not say. It sat in one funding group with the issuance row, so the capital events ledger presented the day as a refinancing with a net claim change of zero, and the Decision Lab's print for the group summed its claim legs to zero, where the issuance alone, a JPY 8,000 million addition to senior claims, belongs. The row has been deleted; the issuance row stands.

Source: Metaplanet TDnet 140120260424510114, the change-of-use notice of 2026-04-24 the row cited (sha256 43512bf9); TDnet 140120260424510110, the 20th Series issuance notice of the same day (sha256 a8ae6618); TDnet 140120260812518571, the H1 FY2026 kessan tanshin, which carries the 20th Series bonds at JPY 8,000 million at 2026-06-30. The row, MTPLF-2026-04-24-02, was entered 2026-05-17 at 23:22:17 UTC, marked superseded 2026-10-11 at 17:57:35 UTC and deleted at 18:05:31 UTC; the deleted row is preserved in the verification record as a restore file (sha256 90f4a22b) beside the deletion courier (sha256 4d74fb28).

/credit/capital-events/: the 2026-04-24 entry read as a refinancing with a net claim change of US$0, a US$50,157,000 claim added and a US$50,157,000 claim removed at the rows' 0.0063 cross; the ledger now carries no 2026-04-24 entry, because a bond issuance on its own is a raise and outside that ledger's scope, and the issuance is read on /flows/ and in the Decision Lab. /modeler/txn/: the print for funding group MTPLF-2026-04-24 summed its claim legs to US$0 (JPY 0) and carried no class; it now reads one debt addition of JPY 8,000,000,000 (US$50,157,000). /flows/ and /api/v1/deals.json: the row with claims_added JPY -8,000,000,000 (US$-50,157,000) and net_proceeds 0 no longer appears. No snapshot row reads the deals tab, so Senior Claims %, CEBE and every snapshot-based figure are unchanged. Dependent rows: 0 recomputed.

Record: #A-372

The Smarter Web Company's placement rows recorded new shares that no filing states were issued. Each placement sells shares the company had already put in issue under its December 2025 subscription agreement, so the count of shares in issue does not move on a placement. Five rows from 3 August to 12 October carried the shares sold as shares issued, and on 20 October six earlier rows, 20 April to 20 July, were restated to the shares placed on the same mistaken reading. Separately, the two warrant purchases of March and April recorded the 3,000,000 and 39,000,000 warrants cancelled as shares retired. All thirteen rows now carry no shares issued, with the count in the note beside the figure.

Source: the Subscription Agreement Updates of 20 April to 24 August 2026 on Investegate (shares "placed in accordance with the terms of the Subscription Agreement announced on 24 December 2025"), and the company's PDFs of 28 September, 5 October and 12 October 2026 ("Ordinary Shares issued under the Subscription Agreement which have not yet been sold"); the total voting rights in those announcements, which do not move on a placement; Existing Warrants Voluntary Purchase Offer Results of 16 March and 9 April 2026 (warrants "to be cancelled"). Applied 2026-10-21.

Shares issued to none: 20 April 4,286,410; 5 May 310,000; 11 May 2,345,900; 8 June 502,250; 15 June 1,067,000; 20 July 703,160 (each served from 2026-10-20 at 13:20 UTC); 3 August 3,300,000; 24 August 225,000; 28 September 2,710,442; 5 October 2,883,000; 12 October 838,000. Shares retired to none: 16 March 3,000,000; 9 April 39,000,000. The CEBE bridge's share issuance leg now equals the change in basic shares in every period from 31 March to 12 October 2026: 31 March to 30 June 28,558,138 to 20,046,578; 30 June to 23 July 703,160 to none; 23 July to 3 August 6,175,000 to 2,875,000; 3 August to 2 September 225,000 to none; 2 September to 30 September 3,460,442 to 750,000; 30 September to 12 October 6,371,000 to 2,650,000; the residual moves the other way by the same amount and no period's CEBE moves. The capital events page no longer lists the two warrant purchases as common repurchases. Senior Claims %, CEBE and the snapshot rows do not read deal rows. Dependent rows: 0 recomputed.

Record: #A-601, applied 2026-10-21 15:04:47 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

Two OranjeBTC deal rows, the share buybacks of the weeks to 23 August and 30 August 2026, carried the cash the company paid for its own shares as a positive figure, which the site reads as cash received. Every other OranjeBTC buyback row carries its payment as negative, the site's sign for cash paid out. Both now carry their payments as negative. The share counts on both rows were right throughout, and no snapshot row, Senior Claims % or CEBE figure depends on these two cells.

Source: OranjeBTC Comunicados ao Mercado for the weeks of 17 to 23 August and 24 to 30 August 2026, each stating 80,000 ON repurchased and the balance of the period's trades in parentheses, R$ 581.347,00 and R$ 580.515,00. Corrected 2026-10-11 at 13:14:32 UTC; read back live 2026-10-11 at 13:22:29 UTC.

OBTC3-2026-08-23-01: net proceeds R$581,347 to -R$581,347. OBTC3-2026-08-30-01: net proceeds R$580,515 to -R$580,515. The Decision Lab pages for these two deals and the capital events page had shown each payment as cash received; they now show it as cash paid. Dependent rows: 0 recomputed. No snapshot row, claims grade or other deals row is computed from the net proceeds of these two rows.

Record: #A-322

Four OranjeBTC bitcoin purchase rows, the weeks to 31 May, 26 July, 2 August and 9 August 2026, carried the dollars paid for bitcoin as a positive figure, so the Decision Lab read each purchase as cash raised. Bitcoin purchase rows on the site carry the dollars paid as negative. All four now do. A sweep of every OranjeBTC deal row with a cash figure found no other: the share sale, the debenture and bond rows and the convertible carry cash received as positive, and every buyback row carries cash paid as negative.

Source: OranjeBTC Comunicados ao Mercado for the weeks of 25 to 31 May (published 1 June 2026), 20 to 26 July, 27 July to 2 August and 3 to 9 August 2026, stating 20, 6, 30 and 2 BTC acquired and the dollar outlay at each week's average price; the magnitudes stand as filed and only the sign moved. Corrected 2026-10-11 at 13:49:13 UTC; read back live 2026-10-11 at 13:55:21 UTC.

OBTC3-2026-05-31-01: net proceeds US$1,506,931 to -US$1,506,931. OBTC3-2026-07-26-01: net proceeds US$394,452 to -US$394,452. OBTC3-2026-08-02-01: net proceeds US$1,993,303 to -US$1,993,303. OBTC3-2026-08-09-01: net proceeds US$128,600 to -US$128,600. The Decision Lab pages for these four deals and the capital events page had shown each purchase as cash received; they now show it as cash paid. Dependent rows: 0 recomputed. No snapshot row, claims grade or other deals row is computed from the net proceeds of these four rows.

Record: #A-324

The deals of Twenty One Capital's business combination recorded net proceeds that did not match the cash that moved, as seen from the company. Two purchases of bitcoin from Tether, for US$458.7 million and US$99.5 million, carried no figure, and a third, US$7.5 million paid for 88.3771 BTC, carried a positive figure and read as cash raised. The two equity placements carried their full subscription values, US$200 million and US$165 million, which include bitcoin contributed in kind; the cash received was US$178.0 million and US$150.8 million. The Option Notes carried US$99.5 million, net of a US$500,000 holdback the company kept, against US$100 million received. The June purchase of 1,381.16 BTC for US$147.5 million carried no figure, and five in-kind contributions carried blanks where no cash moved. Every leg now carries the cash that moved, signed from the company's side, and the group ties to the three holdbacks the filings state.

Source: Twenty One Capital, Inc. Form 10-K for 2025, accession 0001213900-26-037460 (Note 4 and the defined terms for the Initial, Option and June PIPE Net Proceeds, the holdbacks and the Signing Bitcoin Price); Form 10-Q for the quarter ended 2026-03-31, accession 0001213900-26-055938 (Note 4, the 88.3771 BTC contribution); the closing Form 8-K, accession 0001213900-25-121293. Applied 2026-10-11 between 16:32:35 and 16:36:33 UTC; read back live 2026-10-11 at 16:41:37 UTC.

Net proceeds: XXI-2025-12-08-03 US$200,000,000 to US$178,000,000, estimated; -04 US$165,000,000 to US$150,800,000, estimated; -06 US$99,500,000 to US$100,000,000; -08 none to -US$458,700,000; -09 none to -US$99,500,000; -11 none to -US$147,500,000, estimated; -14 US$7,500,000 to -US$7,500,000; -01, -02, -10, -12 and -13 none to zero. The Decision Lab's cash for the group, US$253,999,088.65 to US$55,800,000.00, the three holdbacks; its equity proceeds US$365,000,000 to US$328,800,000. Senior Claims % and CEBE do not move: every leg predates the company's first balance-sheet row. Dependent rows: 0 recomputed.

Record: #A-342, #A-344

Eleven of The Smarter Web Company's placement rows carried a net proceeds figure no announcement states: the gross on six, a figure we derived at the approximate 98.25% settlement on four, and on 3 August a figure in no announcement at all (amended under the cell-not-as-filed cause the same day). Each announcement states the gross before expenses and that the company receives approximately 98.25%. A deal's cash leg is the cash that landed, and no announcement states it, so each row's net proceeds is now blank, with the gross in its notes.

Source: Subscription Agreement Updates of 20 April, 5 May, 11 May, 8 June, 15 June, 20 July and 24 August 2026 on Investegate, 9526921, 9551015, 9560434, 9605331, 9617080, 9675806 and 9735246; the company's own PDFs of 28 September 2026 (sha256 5306e0aac847e61d3ec1a090556060296a114714d5df99438d054ed82f1afeb0), 5 October 2026 (sha256 180daf09916361b2150935f650cc89286aa13e3e46e29e74340ab48af3280e94) and 12 October 2026 (sha256 756963911de9eafa1ab3798c4c9ba2420dbb56e844eeba6f15acabb0883b9060). Applied 2026-10-20.

Net proceeds to blank: 18 April (now dated 20 April) £1,537,376 (US$2,034,102.19 on the deal tape); 5 May £117,900 (US$155,993.49); 11 May £923,181 (US$1,221,460.78); 8 June £145,670 (US$192,735.98); 15 June £299,091 (US$395,727.30); 20 July £207,227 (US$274,182.04); 24 August £74,971 (US$102,245.45); 28 September £1,858,824, 5 October £2,125,305 and 12 October £569,232 (these three were withheld on the tape for want of a rate). The 23 July bitcoin sale's US$11,698,540, withheld because the row named no currency, now serves in dollars. Dependent rows: 0 recomputed.

Record: #A-588, applied 2026-10-20 13:20:00 UTC, RULINGS_2026-10-20-g

The Smarter Web Company's other cash legs did not record the cash that moved. Sixteen bitcoin purchases carried no cash figure, or zero, where each announcement states the amount paid. The two warrant purchases of March and April carried the cash paid as a positive figure, which the site reads as cash received, and the 23 July repayment carried zero where US$11,698,540 was paid. Five more rows, four warrant exercises and a direct subscription, carried their gross in the net proceeds cell. Purchases and payments now carry the cash paid as negative, the site's sign for cash out, and the five gross rows are blank with the gross in their notes.

Source: The Smarter Web Company's Bitcoin Purchase announcements of 22 January to 2 September 2026 on Investegate (each "Amount Purchased"), and of 15 October 2026, company PDF sha256 aa5702eecb21d97e88ffb7e65e51bf59973def068ec26c2bc518f5620491a480; Existing Warrants Voluntary Purchase Offer Results of 16 March 2026, 9474696 ("a total consideration of £618,000"), and of 9 April 2026, 9511378 ("total consideration of £ 8,775,000"); Repayment of Smarter Convert Instrument of 23 July 2026, 9683036; Direct Subscription of 7 May 2026, 9555895 ("£502,034.23 (before expenses)"); the warrant exercise announcements of 1 June, 3 August, 28 September and 12 October 2026 (each "gross proceeds"). All fetched and hashed 2026-10-21. Applied 2026-10-21.

Net proceeds, purchases, none or zero to negative: 22 January -£672,097; 11 February -£785,773; 2 March -£143,614; 10 March -£146,293; 14 April -£592,915; 24 April -£2,511,585; 29 April -£1,612,458; 5 May -£1,533,569; 12 May -£1,499,865; 15 May -£588,911; 21 May -£1,101,453; 26 May -£557,865; 29 May -£492,942; 3 August -£559,493; 2 September -£2,012,286; 15 October -£5,202,111. Payments: 16 March £618,000 to -£618,000; 9 April £8,775,000 to -£8,775,000; 23 July US$0 to -US$11,698,540. Gross rows to blank: 7 May £502,034 (US$680,559.81); 1 June £469,065 (US$631,058.30 on the deal tape); 3 August £71,875 (US$96,501.77); 28 September £18,750 (US$24,851.49); 12 October £66,250 (US$87,515.24). On the deal tape the four warrant exercises now show no proceeds and no sats per new share, and the rolling four-week line loses 1.39 BTC raised. On the capital events page the 23 July repayment's cash deployed moves from US$11,698,462.20, taken from the coin sold, to US$11,698,540.00 as paid. The Decision Lab reads the purchases' stated cash in place of a cost imputed from the coin. Senior Claims %, CEBE and the snapshot rows do not read deal rows. Dependent rows: 0 recomputed.

Record: #A-601, applied 2026-10-21 15:04:47 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

Metaplanet's 30 September 2026 row carries the net senior claims the company filed, not the separate debt, preferred and cash figures. The feed (/api/v1/companies.json) computed Senior Claims from that filed net from 2026-10-07. Every page that computed Senior Claims in the browser instead netted the separate figures the row also carries, and showed a lower figure for Metaplanet than the feed served, from the time the row was added until each page moved onto the rules file. The pages: the home page (and /simple/, which opens it), /tracker/, /credit/, /command/, /charts/, /compare/, /flows/, /claims/, /claims/preferred-cost/, /company/MTPLF/ and its drawdown page; and the scenario tools /endgame/, /modeler/mnav/, /modeler/txn/, /modeler/allocator/, /modeler/powerlaw/, /modeler/drag/, /compass/, /fracture/, /insights/cebe/, /insights/engine-state/ and /insights/accretion-threshold/. Each now computes through the rules file, which applies the filed net, so every page shows the figure the feed serves.

Source: Metaplanet TDnet 140120261005546274, the filed net of JPY 122,374M carried on MTPLF_20260930 as US$776,663,414, row added 2026-10-06 at 23:12:30 UTC. Fixed under rules version 2026-10-08.3: the measurement pages at 2026-10-08 22:11:50 UTC and the scenario tools at 2026-10-08 23:36:58 UTC, when each change reached main.

MTPLF_20260930 at the row's own bitcoin price of US$83,576.13: Senior Claims 16.3227% to 21.1202%; CEBE 2,699 to 2,544 sats. The pages compute at the live bitcoin price, so the figure shown moved with the price; at every price the page figure was the separate-figure netting and the feed's was the filed net, as above.

Record: #A-268

The 2026-10-08 entry listed /company/MTPLF/ among the pages moved onto the filed net. Its headline figures were: the key block's CEBE and Senior Claims % read the feed. The sections the page computes itself were not. Net senior claims in the key block, the Capital Structure section's Net Claims and Claims in BTC, the break-even price, and the per-period CEBE in the dilution tracker kept netting the separate debt, preferred and cash figures on Metaplanet's 30 September 2026 row instead of the net senior claims the company filed. They now take the filed net, and the Net Claims figures say "as filed (net)".

Source: Metaplanet TDnet 140120261005546274, the filed net carried on MTPLF_20260930 as US$776,663,414. The separate figures on the same row: debt US$463,216,572, preferred US$145,250,409, cash US$8,225,320. Found on the live page on 2026-10-10; fixed when this change reached main.

MTPLF_20260930 at the row's own bitcoin price of US$83,576.13: Net Claims US$600,241,661 to US$776,663,414; Claims in BTC 7,181.97 to 9,292.89; the claims share 16.3227% to 21.1202%; CEBE in the computed sections 2,699 to 2,544 sats, the figure the key block and the feed already served. The page computes these at the live bitcoin price, so the figures shown moved with the price; at every price the computed sections used the separate-figure netting until this fix.

The CEBE bridge card on /charts/, which splits what moved CEBE per share between two filings, computed the claims term on its own rather than through the rules file every other figure on the page uses. On a row the rules file resolves from raw filing cells, or from a filed net, the bridge's endpoints and legs were struck on the row's separate served figures instead. It now takes the claims term from the rules file.

Source: the snapshots tab as served on 2026-10-10; the claims share computed both ways on each of its 109 company rows at the row's own bitcoin price. 17 rows differ; the rest are identical.

The claims share the bridge used, before and after, on the rows that moved by more than 0.001 points: MTPLF_20260930 16.3227% to 21.1202%; MSTR_20250331 22.4295% to 22.4432%; MSTR_20250630 18.1981% to 18.2069%; MSTR_20250930 20.4271% to 20.4681%; MSTR_20251231 23.7457% to 23.7553%; MSTR_20260331 30.9248% to 30.9363%; MSTR_20260630 39.8972% to 39.9085%. Five rows moved by less than 0.001 points: TSWCF_20251231 5.8113% to 5.8112%; TSWCF_20260331 5.9856% to 5.9854%; TSWCF_20260630 19.7240% to 19.7243%; ALCPB_20250630 75.8723% to 75.8719%; ALCPB_20250930 47.0451% to 47.0448%. Five more (OBTC3_20260630, HOGPF_20250930, HOGPF_20251231, HOGPF_20260630 and TSWCF_20260930) differ below the fourth decimal. Each bridge leg is recomputed from these, so a card spanning one of these rows shows its endpoints and legs on the rules-file basis.

The remaining surfaces that computed claims, netting or CEBE outside the rules file now compute through it. They passed the raw Sheet row to the claims formula, or took Senior Claims % from the rules file while reading holdings, shares and the fiat terms off the raw row, so they never saw the net senior claims Metaplanet filed for 30 September 2026 or the raw filing cells the rules file resolves on other rows: /compare/, the company pages' CEBE Amplification, net claims and history figures, the Metaplanet modeler and its forward projection, the drawdown page's net claims and break-even, the capital events ledger, the CEBE explainer's stress test and waterfall, the compass, the tracker and the charts. Every claims, netting and CEBE computation on the site, served or projected, now runs through the rules file.

Source: config/rules.js at version 2026-10-11.2 (rulesResolveRow, rulesCebe, rulesClaimsBtcRaw, rulesScenarioRow); each surface's old and new computation run on the 109 company rows of the public snapshot read of 2026-10-11 at each row's own bitcoin price, and the live pages rendered against production on 2026-10-11 at a bitcoin price of US$82,980. Metaplanet TDnet 140120261005546274, the filed net carried on MTPLF_20260930 as US$776,663,414. Fixed when this change reached main.

MTPLF_20260930 at the row's own bitcoin price of US$83,576.13, where a surface computed from the raw row (the modeler's seed, the claims in Bitcoin on /compare/, the company page's CEBE Amplification, the drawdown page's net claims): Senior Claims 16.3227% to 21.1202%; claims in BTC 7,181.97 to 9,292.89; CEBE 2,698.76 to 2,544.03 sats; net claims US$600,241,661 to US$776,663,414; CEBE Amplification 1.1951x to 1.2678x; break-even US$13,642 to US$17,651. At the live bitcoin price of US$82,980 on 2026-10-11: /modeler/metaplanet/ (and /modeler/ on Metaplanet) Senior Claims 16.4% to 21.3%, CEBE 2,695 to 2,539 sats, the scenario table at BTC US$20,000 CEBE 1,025 to 379 sats and Senior Claims 68.2% to 88.3% and at US$150,000 CEBE 2,932 to 2,846 sats and 9.1% to 11.8%, modeled price at 1.5x mNAV US$0.31 to US$0.11, US$3.35 to US$3.16 and US$6.60 to US$6.40, break-even US$14K to US$18K, safety margin 508% to 370%, CEBE Amplification 1.20x to 1.27x, Net Claims in the capital structure line US$600.2M to US$776.7M; its share-delivery cards, standing CEBE 2,695 to 2,539 sats and Senior Claims 16.4% to 21.3%, as exercised 2,610 to 2,464 sats (Senior Claims 13.5% to 18.3%), 2,711 to 2,557 (15.0% to 19.8%), 2,720 to 2,576 (9.0% to 13.9%), 2,507 to 2,362 (16.3% to 21.1%), 2,689 to 2,533 (16.4% to 21.2%) and 2,691 to 2,536 (16.4% to 21.2%); its forward projection, year 0 Senior Claims 16.66% to 25.47% and CEBE 2,688 to 2,404 sats, terminal 2036 CEBE 3,701 to 3,649 sats (conservative), 3,560 to 3,538 (base) and 3,409 to 3,385 (bull), terminal Senior Claims 3.78% to 4.49%, 1.50% to 1.78% and 2.51% to 2.98%. /compare/: MTPLF claims in BTC 7,233 to 9,359; CEBE Amplification 1.197x to 1.270x; break-even US$13,642 to US$17,651. /company/MTPLF/: CEBE Amplification 1.20x to 1.27x. /company/MTPLF/drawdown/: net claims US$600.2M to US$776.7M; break-even US$13,642 to US$17,651. The forward projection of TSWCF starts from its raw filing cells on TSWCF_20260930 (debt US$25,202,000 to US$25,201,600, cash US$1,689,000 to US$1,688,539.03); its projected CEBE is unchanged to the sat. /credit/capital-events/, MSTR-2026-07-27-01 on MSTR_20260630 (debt from raw cells US$6,753,703,000 to US$6,759,322,000): residual before 146,211 to 146,188 sats (US$95.49 to US$95.48 per share), after 146,227 to 146,204 sats; the effect, +16 sats, is unchanged. History rows on the company pages and the tracker, each at its own bitcoin price: MSTR_20250331 net claims US$9,779,522,000 to US$9,785,492,000, claims in BTC 118,469.30 to 118,541.62, CEBE 153,926 to 153,899 sats; MSTR_20250630 US$11,645,793,000 to US$11,651,413,000, 108,702.04 to 108,754.50, CEBE 173,913 to 173,894; MSTR_20250930 US$14,915,865,000 to US$14,945,761,000, 130,740.00 to 131,002.04, CEBE 177,387 to 177,295; MSTR_20251231 US$13,984,854,000 to US$13,990,473,000, 159,690.03 to 159,754.19, CEBE 164,330 to 164,309; MSTR_20260331 US$16,051,309,000 to US$16,057,279,000, 235,677.82 to 235,765.47, CEBE 152,177 to 152,152; MSTR_20260630 US$19,767,777,000 to US$19,773,396,000, 337,529.91 to 337,625.86, CEBE 136,832 to 136,806. ALCPB rows now read the basic shares the rules file computes from the filed share counts, on the company pages, the tracker and /charts/: ALCPB_20250331 basic shares 9,338,445 to 9,329,851, BPS 6,639 to 6,645 sats; ALCPB_20250630 shares 13,517,467 to 13,517,517, net claims US$1,433,140 to US$1,432,260, CEBE on /charts/ 3,192 to 3,191 sats; ALCPB_20250930 shares 21,484,339 to 21,475,744, net claims US$1,472,800 to US$1,471,680, CEBE 6,931 to 6,934 sats, BPS 13,089 to 13,094; ALCPB_20251231 shares 22,695,512 to 22,686,917, CEBE 6,892 to 6,894, BPS 12,439 to 12,443; ALCPB_20260331 shares 22,972,773 to 22,964,178, CEBE 7,117 to 7,120, BPS 12,571 to 12,576. Net claims from raw filing cells: TSWCF_20250630 US$-76,849,105 to US$-1,837,349; TSWCF_20251231 US$-2,021,000 to US$-2,021,393; TSWCF_20260331 US$-1,129,128 to US$-1,129,528; TSWCF_20260630 US$22,827,000 to US$22,827,466; TSWCF_20260930 US$23,513,000 to US$23,513,061; HOGPF_20251231 US$20,560,413 to US$20,560,414. MTPLF_20240630 files no share count; the company and tracker history struck its CEBE on one share, 11,866,361,403 sats, and now withhold it; /compass/ built its Q3 2024 quarter, which held Metaplanet alone, from that row (CEBE change -100.00%, Senior Claims 15.68% to 21.37%), and the quarter no longer renders. /insights/cebe/: the stress test and the waterfall printed the gap between fully diluted BPS and CEBE under the label Claims % and now print Senior Claims % from the rules file, 39.8% to 33.7% at the default BTC price of US$66,000; CEBE, CEBE Amplification and cushion are unchanged at that price. No figure moved on /, /simple/, the tracker's company list, /retirement/, /company/SUPA/ or /modeler/strategy/.

Record: RULINGS_2026-10-10-f rules 1 to 3

The company cards on the /modeler/ hub and its live CEBE snapshot table seeded each company's claims from the Sheet row's separate debt, preferred and cash cells, read raw, rather than from the row as the rules file resolves it. The company modeler pages took the resolved row at registry sync, so the earlier amendment's /modeler/ figures for Metaplanet held on its own page while the hub card kept netting the separate figures. The hub now reads the resolved row, so Metaplanet's card and table row carry the net senior claims the company filed.

Source: Metaplanet TDnet 140120261005546274, the filed net carried on MTPLF_20260930 as US$776,658,828 in the feed of 2026-10-11; the raw cells the hub read, debt US$463,216,572, preferred US$145,250,409 and cash US$8,225,320. Production /modeler/ rendered 2026-10-11 16:20 UTC at a bitcoin price of US$83,711. Found by the page-against-feed audit (AUDIT_1_page-vs-feed_2026-10-11); fixed when this change reached main.

/modeler/, the Metaplanet card and its row in the live CEBE snapshot table at a bitcoin price of US$83,711: net claims US$600,241,661 to US$776,658,828; Senior Claims % 16.30% to 21.09% (printed 16.3% to 21.1%); CEBE 2,700 to 2,545 sats; equity 84% to 79%; break-even US$13,642 to US$17,651 (printed $14K to $18K). No other company's hub figure moved. Dependent rows: 1 recomputed (MTPLF_20260930).

The valuation view on /tracker/ printed a hold of its own, "not yet shown, construction under ruling", in the Adjusted CEBE, Adjusted Claims % and Adjusted CEBE mNAV positions of all twelve rows, while the feed served Adjusted CEBE for six companies under the serving gate in the rules file and held the other six with a reason each. The view was built when the layer was held on 7 October 2026 and never read the feed's adjusted_status when the layer began to serve on 10 October. It now reads adjusted_status, cebe_adjusted_sats and cebe_adjusted_mnav per row from the feed and prints nothing of its own: the served figure marked EST where the status is est, the feed's plain-words reason where a company holds, and no ruling id on any row. The Adjusted Claims % position is retired from the view, because the feed serves no such figure and the page computes none; Claims % stays the measured figure in both views. /valuation/ said in the same period that the tracker's valuation view stays held and carried a dated line about a pending revision; both now describe the feed as it serves. The rules file's serving gate itself changes the same day, from version 2026-10-11.2 to 2026-10-11.3 (the per-leg direction test removed and the range widened to every delivery outcome, with the side printed beside the figure), and that change has its own entry.

Source: /tracker/ and /valuation/ as served on 2026-10-11; /api/v1/companies.json read at 2026-10-12 02:00:51 UTC under rules version 2026-10-11.2. The feed began serving the Adjusted layer at 2026-10-10 22:24:05 UTC (rules version 2026-10-11.1) and the tracker's own hold had stood since 2026-10-07 16:09:21 UTC. Fixed when this change reached main.

No measured figure moved. In the valuation view, every row's Adjusted CEBE and Adjusted CEBE mNAV read the hold phrase; they now read what the feed served at the read above, each marked EST, prior under test: MSTR 156,611 sats and 1.139x; ASST 20,034 sats and 1.642x; ALCPB 7,563 sats and 0.995x; OBTC3 2,549 sats and 0.611x; NAKA 10,462 sats and 1.394x; HOGPF 280 sats with no dated quote for the mNAV. MTPLF, TSWCF, SVIA and CASH3 showed the feed's hold reason in place of the figure (CASH3 serves 524 sats from rules version 2026-10-11.3, under that version's entry). DDC and XXI read n/a, no instrument adjusts the company. The Adjusted CEBE mNAV figures are struck on the feed's dated stock price and move with it.

The Decision Lab read the stock price and the share count on Capital B deal rows as filed. The rows dated before Capital B's ten-for-one share consolidation of 8 September 2026 state both on the old share, while CEBE per basic share beside them stands on the new share, because the rules file puts every snapshot's share count on it. So on every print before the consolidation, CEBE mNAV at the print came out at a tenth of its value, and so did sats per new share delivered. The Lab now reads both through the rules file, which divides a share count from a filing published before a split by the split ratio and multiplies a share price dated before it by the same ratio, and the basis line names the consolidation and the filed figures.

Source: Capital B issuer notice of 2026-09-08 (regroupement 10 for 1), carried in config/rules.js at version 2026-10-11.10 with the deal-row rule; the deals tab as served on 2026-10-12; the before figures read from the live Decision Lab on 2026-10-12 and the after figures from this change on the same data. Fixed when this change reached main.

ALCPB print of 2026-09-07: CEBE mNAV at the print 0.11x to 1.10x; sats per new share delivered 766 to 7,660 against standing CEBE 7,042 sats. ALCPB print of 2026-08-17: CEBE mNAV at the print 0.12x to 1.17x; sats per new share delivered 834 to 8,336 against standing CEBE 7,016 sats. ALCPB print of 2026-08-03: CEBE mNAV at the print 0.12x to 1.17x; sats per new share delivered 928 to 9,275 against standing CEBE 7,066 sats. ALCPB print of 2026-06-01: CEBE mNAV at the print 0.12x to 1.16x; sats per new share delivered 971 to 9,710 against standing CEBE 6,968 sats. ALCPB print of 2026-05-18: CEBE mNAV at the print 0.13x to 1.27x; sats per new share delivered 972 to 9,716 against standing CEBE 6,968 sats. ALCPB print of 2026-04-27: CEBE mNAV at the print 0.14x to 1.41x; sats per new share delivered 972 to 9,725 against standing CEBE 6,968 sats. ALCPB print of 2026-04-20: CEBE mNAV at the print 0.16x to 1.58x; sats per new share delivered 964 to 9,637 against standing CEBE 6,968 sats. ALCPB print of 2026-04-13: CEBE mNAV at the print 0.15x to 1.47x; sats per new share delivered 893 to 8,934 against standing CEBE 6,968 sats. ALCPB print of 2026-03-23: CEBE mNAV at the print 0.14x to 1.42x; sats per new share delivered 1,227 to 12,269 against standing CEBE 6,834 sats. ALCPB print of 2026-03-16: CEBE mNAV at the print 0.18x to 1.82x; sats per new share delivered 1,165 to 11,653 against standing CEBE 6,834 sats. ALCPB print of 2026-03-09: CEBE mNAV at the print 0.19x to 1.93x; sats per new share delivered 976 to 9,763 against standing CEBE 6,834 sats. ALCPB print of 2026-02-16: CEBE mNAV at the print 0.16x to 1.55x; sats per new share delivered 1,209 to 12,086 against standing CEBE 6,834 sats. ALCPB print of 2026-02-09: CEBE mNAV at the print 0.14x to 1.40x; sats per new share delivered 968 to 9,677 against standing CEBE 6,834 sats. The print list shows share counts on the same basis, for example 2,799,200 shares to 279,920 on the print of 2026-09-07, and 13,181,030 to 1,318,103 and 36,219,070 to 3,621,907 on the pending prints of 2026-09-02 and 2026-08-28, which print no figure. Standing CEBE, Senior Claims %, Bitcoin held and basic shares are unchanged on every print, and the after column stays not computed on every Capital B print, as before, because its cash stands in euros and the print carries no cross of its own. The prints of 2026-09-14 and 2026-09-28, after the consolidation, do not move (1.11x and 1.05x; 8,424 and 7,641 sats). Strive's one-for-twenty consolidation of 2026-02-06 is on the same table, and no Strive deal row predates it.

/endgame/ computed break-even on its own, as net senior claims over all BTC held, the form the methodology retired on 2026-09-07. The ruled form, stated alike on the methodology page and in the glossary, takes net fiat senior claims over BTC held less the BTC-denominated claim, and does not exist where the fiat leg nets to cash or the BTC-denominated claim covers the treasury. The page now reads break-even from the rules file, which carries the ruled form and the reason in its place. /compare/, the drawdown pages, the forward-simulation modeler and the two admin pages solved the ruled form on their own; they now read the same figure from the rules file, and none of their figures moved.

Source: config/rules.js at version 2026-10-11.10 (rulesCebe, breakEvenUsd and breakEvenReason); /methodology/ changelog entry of 2026-09-07 and the glossary entry Break-Even BTC Price; the public snapshot read of 2026-10-12. Fixed when this change reached main.

The two forms part only where a BTC-denominated claim sits on the row or the fiat leg nets to cash. ALCPB_20260928_R: break-even US$838 to US$1,075. CASH3_20260630, net cash: US$0 to no break-even, and the page printed nothing either way. Every other company is unchanged (for example MSTR_20261004_R US$17,687 and MTPLF_20260930 US$17,651). Break-even does not depend on the bitcoin price, so the row's own price and the live price give the same figures. The page prints break-even only in its approaching break-even warning, between 10% below and 7% above the figure; for Capital B both figures sit far below the lowest price the page reaches (US$20,000 on the slider and the typed price, and about a third of the starting price in the animation), so no printed line changed.

/receipts/ charted a weekly series of FD BPS, Basic BPS, CEBE, Senior Claims %, stock-implied sats and CEBE mNAV built by a script outside the rules file. The script floors the fiat leg before adding the BTC-indexed claim instead of flooring the total, reads a blank as zero, ignores a filed net and applies a BTC-indexed claim override the rules file retired; the series ends 2026-05-08 and covers nine of the companies the page showed, while the page called its table the latest week of all companies. The series carries no balance-sheet columns, so the page cannot recompute it through the rules file. The page no longer prints a figure: the chart, the statistics, the January 2026 callout, the company notes and the table are withdrawn, and the site's failure-state sentence stands in their place until the series is rebuilt through the rules file.

Source: data/receipts-weekly-dataset.tsv (its last week, 2026-05-08) and data/build_receipts.py as served; the 2026-10-11 audit findings register, rows Q-21 and Q-22; /api/v1/companies.json read on 2026-10-12 under rules version 2026-10-11.2. Fixed when this change reached main.

Before, the table and the statistics printed the week of 2026-05-08 with Senior Claims % at MSTR 26.1%, MTPLF 11.7%, ASST 33.0%, TSWCF 14.7%, ALCPB 36.7%, OBTC3 4.0%, SVIA 14.9%, NAKA 39.4% and HOGPF 21.4%, beside CEBE, FD BPS, Basic BPS, stock-implied sats, the position ratio and CEBE mNAV for each, and the January 2026 callout printed Strategy at a position ratio of 0.08 with 171,922 sats stock-implied, 166,702 sats CEBE and 228,743 sats FD BPS. After, the page prints none of them. The script's construction on Metaplanet's 30 September 2026 row gives 16.5% from the separate debt, preferred and cash figures, where the rules file serves 21.12% from the filed net; the rules file's figures for every company are on /tracker/.

Four Capital B quarter-end rows were checked cell by cell against the issuer's own reports. Capital B reports twice a year, at 30 June and 31 December. The 30 June 2025 row omitted EUR 2,846k of financial debt the half-year report states outside the convertible bonds, and counted EUR 950k of legacy non-convertible bonds inside the bitcoin-indexed claim; both are corrected. The three rows between reports, 31 March 2025, 30 September 2025 and 31 March 2026, now carry debt and cash forward from the last report, marked as estimates, where two carried no debt and the cash was unsourced. The 30 September 2025 row also carried a share count older than the issuer's 29 September 2025 share capital table and now carries that table's count. The 31 March 2025 row, withdrawn from the published series on 2026-10-06 when its cash was cleared, returns to it with the carried figures.

Source: Capital B Rapport Financier Semestriel 30 June 2025 (H1 2025 report), financial liabilities note, total EUR 125,670k, of which the convertible bonds were EUR 122,824k (bond borrowings of EUR 123,774k less EUR 950k of legacy non-convertible bonds); Rapport Financier Annuel 2024 and 2025 (FY2024 and FY2025 annual reports) for the carried debt and cash; the share capital table of the 29 September 2025 release. Bitcoin holdings and share counts on the rows between reports confirmed from the releases either side of each date. Applied 2026-10-07 between 18:25:20 and 18:27:54 UTC; read back live 2026-10-07 at 18:34:36 UTC.

ALCPB_20250630: debt US$0 to US$3,102,140; bitcoin-indexed claim 1,353 to 1,343.22 BTC; Senior Claims 74.7999% to 75.8723%; CEBE 3,333.31 to 3,191.45 sats. ALCPB_20250930: debt US$0 to US$3,187,520; cash US$1,600,000 to US$1,714,720; shares 21,463,700 to 21,484,339; Senior Claims 46.0873% to 47.0451%; CEBE 7,063.20 to 6,931.05 sats. ALCPB_20260331: debt US$0 to US$2,293,859; cash US$4,560,000 to US$4,031,350; Senior Claims 32.6886% to 34.1236%; CEBE 7,158.15 to 7,005.54 sats. ALCPB_20250331: debt US$0 to US$3,750,840; cash not stated to US$787,320; returned to the published series at Senior Claims 98.3783% and CEBE 107.67 sats. Each row at its own bitcoin price and its own exchange rate as filed.

Record: #A-291

Every Capital B row was re-derived from the filed balance sheets, after two questions from a reader, @vk981000, on 11 October 2026. The first asked whether the 779.95 BTC claim on the 28 September 2026 row applied the 95 percent redemption factor twice. It does not. The release states the bonds' bitcoin as announced at subscription, 821 BTC, and the 95 percent is a term of the bonds, so the claim stands and the row now says so. The second asked why the June to September 2026 rows carried debt of zero on some weeks and EUR 4,121,731 on others, when the 2025 annual report states EUR 1,979k of financial debt outside the convertible bonds. The EUR 1,979k was on no 2026 row, the cause the 7 October section found on the 2025 quarter-end rows. The EUR 4,121,731 is a second filed claim: the 5 percent of the bonds' nominal that is fixed in euros, which only the rows from 2 September 2026 carried, while every earlier row carried the whole bond stack as a bitcoin claim. Every row now carries the bonds on one basis, 95 percent of the bitcoin announced at subscription as a bitcoin claim and the other 5 percent of the nominal as euro debt, beside the other debt and the cash of the latest filed balance sheet, so the September rows carry EUR 6,100,731 of debt (EUR 1,979k plus EUR 4,121,731); rows between reports carry those figures forward as estimates. The same pass found three more errors. The 31 December 2024 row carried no debt against EUR 3,473k filed. The 31 December 2025 claim read 1,279 BTC against the filed 1,278.5. The 1 June 2026 cash was an estimate of EUR 7.4 million with no filing behind it, where no filing states cash after 31 December 2025. Both questions are credited to @vk981000.

Source: Capital B release of 28 September 2026, convertible bond table, column “Dette restante (BTC)*”, total 821 BTC on EUR 82,434,625 nominal, footnote “Nombre de BTC tel qu’annoncé dans les communiqués de presse de la Société”; Rapport Financier Annuel 2025 (FY2025 annual report), Note 3.15, “Cette réévaluation ne porte que 95% du nombre de BTC reçus à la souscription”, the bond terms (“Remboursement 95% de la dette nominale”), the bond stack of EUR 116,547,949 stated as 1,278.5 BTC, and financial debt outside the bonds of EUR 1,979k with cash of EUR 3,478k; Rapport Financier Semestriel 30 June 2025 (H1 2025 report) for 30 June and 30 September 2025; Rapport Financier Annuel 2024 (FY2024 annual report), financial liabilities EUR 3,473k, cash EUR 729k and 85,944 treasury shares, for 31 December 2024 and 31 March 2025; the releases of 30 March and 3 August 2026 for the bond conversions between reports. Applied 2026-10-11; read back live 2026-10-11 at 13:12:03 UTC.

ALCPB_20241231: debt US$0 to US$3,611,920; cash US$758,000 to US$758,160; basic shares 9,338,445 to 9,329,851; Senior Claims 0.0000% to 76.3617%; CEBE 428.34 to 101.34 sats. ALCPB_20250331: debt US$3,750,840 to US$6,428,425; Senior Claims 98.3783% to 100.0000%; CEBE 107.77 to 0.00 sats. ALCPB_20250630: bitcoin-indexed claim 1343.22 to 1277.21 BTC; debt US$3,101,050 to US$9,680,454; Senior Claims 75.8719% to 75.6147%; CEBE 3,191.50 to 3,225.51 sats. ALCPB_20250930: bitcoin-indexed claim 1310 to 1244.5 BTC; debt US$3,186,400 to US$9,873,891; Senior Claims 47.0448% to 46.8000%; CEBE 6,933.87 to 6,965.92 sats. ALCPB_20251231: bitcoin-indexed claim 1279 to 1214.575 BTC; debt US$2,325,523 to US$9,173,297; Senior Claims 44.5939% to 45.0816%; CEBE 6,894.34 to 6,833.66 sats. ALCPB_20260331: bitcoin-indexed claim 1278.5 to 1214.575 BTC; debt US$2,293,859 to US$9,048,395; Senior Claims 43.3860% to 44.6066%; CEBE 7,119.83 to 6,966.33 sats. ALCPB_20260601_R: bitcoin-indexed claim 1011 to 960.45 BTC; debt US$0 to US$7,914,481; cash US$8,599,871 to US$4,041,784; Senior Claims 28.3663% to 32.3272%; CEBE 7,479.05 to 7,065.51 sats. ALCPB_20260803_R: bitcoin-indexed claim 821 to 779.95 BTC; debt US$0 to US$7,020,111; cash US$4,002,168 to US$4,002,135; Senior Claims 24.1382% to 26.3536%; CEBE 7,225.82 to 7,014.80 sats. ALCPB_20260817_R: bitcoin-indexed claim 821 to 779.95 BTC; debt US$0 to US$7,066,477; cash US$4,028,480 to US$4,028,567; Senior Claims 24.1187% to 26.2975%; CEBE 7,225.00 to 7,017.55 sats. ALCPB_20260828_R: bitcoin-indexed claim 821 to 779.95 BTC; debt US$0 to US$7,067,697; cash US$4,029,091 to US$4,029,263; Senior Claims 24.4587% to 26.0411%; CEBE 7,192.63 to 7,041.96 sats. ALCPB_20260902_R: debt US$4,775,026 to US$7,067,697; cash US$4,029,310 to US$4,029,263; Senior Claims 25.1064% to 26.0496%; CEBE 7,130.96 to 7,041.16 sats. ALCPB_20260907_R: debt US$4,792,705 to US$7,093,930; cash US$4,044,181 to US$4,044,218; Senior Claims 22.4202% to 23.2465%; CEBE 7,141.29 to 7,065.23 sats. ALCPB_20260914_R: debt US$4,759,752 to US$7,045,124; cash US$4,016,375 to US$4,016,394; Senior Claims 22.3960% to 23.2254%; CEBE 7,143.37 to 7,067.03 sats. ALCPB_20260928_R: debt US$4,686,763 to US$6,937,141; cash US$3,954,785 to US$3,954,834; Senior Claims 22.2928% to 23.0547%; CEBE 7,146.97 to 7,076.89 sats. Each row at its own bitcoin price and its own exchange rate. ALCPB_20250331 reaches the floor: at US$82,445 its claims exceed its 620 BTC, so its CEBE is 0. Dependent rows: 1 recomputed. The claims grade of 2026-09-15 (claims_grade, ALCPB), struck on ALCPB_20260914_R at its grade-date close of US$75,590.24: Senior Claims at grade 22.4052% to 23.2629%; applied 2026-10-11 on the Claims Grader's check, verified live at 13:16:48 UTC; the letter and grade date are unchanged.

Record: #A-321, #A-323

Strategy's four 2025 quarter-end rows did not match the company's own quarterly and annual reports in nine cells. On all four rows, debt carried the company's other secured borrowing at its net carrying value rather than the principal the reports tag, so debt was understated by US$111,000, US$388,000, US$383,000 and US$418,000. The 31 March 2025 row carried preferred stock without the US$1,417,000 of dividend accrued and unpaid on STRF, which the report includes in its aggregate redemption requirement, and both the 31 March and 30 June 2025 rows carried cash rounded to US$0.1 million. The 31 March and 30 September 2025 rows carried share counts, 266,199,000 and 287,159,000, that appear in neither report; they now carry the balance-sheet counts of class A and class B shares outstanding. All four rows now carry the reported figures.

Source: Strategy Form 10-Q for the quarter ended 2025-03-31, accession 0000950170-25-063536 (complete submission sha256 e6eb78bc2ef519c105b4edd87971691828908972eaca71c4d6dce079d1900480); Form 10-Q for 2025-06-30, accession 0000950170-25-102209 (sha256 c1871b0d8b68c02c763270fefe82c9752cc5417542a424a291fcc98d2a3363b4); Form 10-Q for 2025-09-30, accession 0001193125-25-262568 (sha256 8964aad1ddbed3e137bdb8e9b4d8744bd532d9b931772840a707975f754fa0bf); Form 10-K for 2025-12-31, accession 0001050446-26-000020 (sha256 37371cfe9c73791ba893b9a1a508b8704b2f39d569dc6985a9e152414c1446bd). Debt from mstr:LongTermDebtMaturitiesRepaymentsDue; preferred from the aggregate redemption requirements and liquidation preferences; cash from cash and cash equivalents; shares from shares outstanding by class. Applied 2026-10-07 between 18:51:20 and 18:55:25 UTC; read back live 2026-10-07 at 18:57:34 UTC.

MSTR_20250331: debt US$8,223,301,000 to US$8,223,412,000; preferred US$1,614,991,000 to US$1,616,408,000; cash US$60,300,000 to US$60,298,000; shares 266,199,000 to 266,177,000; Senior Claims 22.4260% to 22.4295%; CEBE 153,920.28 to 153,926.04 sats, at the row's bitcoin price of US$82,549. MSTR_20250630: debt US$8,238,864,000 to US$8,239,252,000; cash US$50,100,000 to US$50,095,000; Senior Claims 18.1975% to 18.1981%; CEBE 173,914.47 to 173,913.17 sats, at the row's bitcoin price of US$107,135. MSTR_20250930: debt US$8,243,740,000 to US$8,244,123,000; shares 287,159,000 to 287,108,000; Senior Claims 20.4266% to 20.4271%; CEBE 177,356.22 to 177,386.56 sats, at the row's bitcoin price of US$114,088. MSTR_20251231: debt US$8,253,582,000 to US$8,254,000,000; Senior Claims 23.7450% to 23.7457%; CEBE 164,331.05 to 164,329.52 sats, at the row's bitcoin price of US$87,575.

Record: #A-295

Strive's 31 March 2026 row carried its remaining Semler convertible notes at US$9,701,000, the fair value at which the balance sheet records them. The tracker counts debt at face. The quarterly report states that US$10.0 million aggregate principal amount of the notes remained outstanding at 31 March 2026, so the row now carries US$10,000,000. Every other figure on the row was checked against the same report and stands.

Source: Strive, Inc. Form 10-Q for the quarter ended 2026-03-31, accession 0001628280-26-034805 (US$10.0 million principal outstanding; long-term notes payable at fair value US$9,701 thousand). Applied 2026-10-07 at 18:19:58 UTC; read back live 2026-10-07 at 18:34:36 UTC.

ASST_20260331: debt US$9,701,000 to US$10,000,000; Senior Claims 32.47% to 32.51%; CEBE 13,306 to 13,300 sats, at the row's bitcoin price of US$68,107.

Record: #A-289

H100 Group's row for 30 September 2025 carried its convertible debt at SEK 343,100,900, the figure the interim report for May to September 2025 shows on its balance sheet, which equals the cash raised by the issue. The tracker carries debt at face on every row. The bonds' nominal at that date was SEK 342,340,006, as the audited Annual Report 2025 states in Note 21: a conversion of SEK 122,540,006 requested in August completed in October, after the balance date. The row now carries the face.

Source: H100 Group AB Annual Report 2025 with auditor's report, Note 21, MFN storage da02f2fe (sha256 64b3ea64); Interim report May 1 to Sept 30, 2025, MFN storage 49d0fe3b (sha256 b48439d8), balance sheet, long-term debts. Krona at 9.4159, the row's own rate. Applied 2026-10-07 at 22:05:43 UTC.

HOGPF_20250930: debt US$36,438,460 (SEK 343,100,900) to US$36,357,651 (SEK 342,340,006); Senior Claims 27.2453% to 27.1776%; CEBE 244.46 to 244.69 sats. At the row's own bitcoin price, US$114,088.

Record: #A-298

DDC Enterprise's Anson senior secured convertible note was carried at US$22,650,000, the US$25,000,000 subscription less conversions. The securities purchase agreement states the principal of the notes as US$26,315,789, the subscription at a 5 percent original issue discount, and the note now carries that principal less the US$2,350,000 converted in September and October 2025: US$23,965,789 from 31 December 2025, and US$26,315,789 on the 30 September 2025 row, before which no part of the conversion can be placed. The balance sheet's carrying amount is amortized cost and is not used.

Source: securities purchase agreement Section 2.1, Form 6-K accession 0001213900-25-063293 Ex.10.1 (sha256 3552ec2015b78685539867dae79562cb7276005b7d1105843c1ee4d1fffe0fd3); FY2025 Form 20-F, accession 0001213900-26-045881 (complete submission sha256 2eaebd66d96307f2df077d21c4727ee4db037cd6386eb7392c1f64453d725bba), Note 18; H1 2026 Form 6-K, accession 0001213900-26-096455 (sha256 8f0fe4a1dc6863d845b2c6307ce122915a43e037d748048d1f445a3a275430f1). Couriered 2026-10-11 as ddc_snapshots_mechanics_rawseries_2026-10-11.tsv, sha256 bc63d97f2fed9c02213a6e59c48abfd7ea45a40dc9a5aa6335a60df665df5321, raw filing cells with citations on every DDC quarter-end row and the running row; applied 2026-10-11 at 16:47:12 UTC; read back live at 16:49:43 UTC, all 74 cells equal.

DDC_20251231 at the row's bitcoin price of US$87,575: debt US$91,419,054 to US$94,678,067, which also carries the accrued interest of the conventions entry of the same date; Senior Claims 99.1547% to 100.0000%, capped, the raw figure 102.3057% with claims exceeding holdings by 27.18 BTC; CEBE 42.88 to 0.00 sats. DDC_20260630 at US$58,566: debt US$34,807,947 to US$36,123,736; Senior Claims 9.2705% to 10.0833%; CEBE 5,496.15 to 5,446.91 sats. DDC_20260703_R, the running row dated 2026-09-02, at US$77,297: debt US$34,807,947 to US$36,123,736; Senior Claims 6.6969% to 7.2841%; CEBE 4,758.61 to 4,728.67 sats. The DDC claims grade, struck on the running row at the 2026-09-21 close of US$86,597, is 6.5019% on the corrected debt and has not served before. Dependent rows: 2 recomputed, DDC_20250930 and DDC_20260331, stated in the constructed-rows entry of the same date.

Record: #A-347

Metaplanet's row for 31 December 2025 carried its dollar credit facility at the yen figure on its balance sheet, JPY 43,836 million of short-term borrowings, converted back to dollars at the row's rate. The facility's face is the US$280,000,000 drawn in three draws before the balance date, and a dollar claim is carried at its dollar face and never re-crossed through yen. The row now carries the face.

Source: Metaplanet FY2025 kessan tanshin, TDnet 140120260216563366 (sha256 78670c66), pages 13 to 14 (short-term borrowings JPY 43,836 million) and 24; draw notices TDnet 140120251031585497, 140120251125508360 and 140120251205515542 (US$100 million, US$130 million and US$50 million). Applied 2026-10-11 at 14:37:02 UTC, in one write with the finds logged under quarter-end cells, stablecoins, preferred and exchange rate; read back live 2026-10-11 at 14:39:35 UTC.

MTPLF_20251231 at the row's own bitcoin price of US$87,575.05, stated from the figures the stablecoin step of the same write left: debt US$279,454,500 to US$280,000,000; Senior Claims 10.3634% to 10.3811%; CEBE 2,754.59 to 2,754.04 sats. Dependent rows: 0 recomputed. The 31 March 2026 row carries its own filed balance sheet, whose report states no dollar face at that date, and the 30 June 2026 row and the rows carried from it already carried the facility at its dollar face, US$414,000,000.

Record: #A-328

The Smarter Web Company's 31 March 2026 row carried its cash at the 30 April 2026 balance of £1,273,024, a figure from a month after the row's date. The company's quarterly update for that quarter states no cash balance, so the row now carries forward the last balance it reported before 31 March, £1,503,118 at 31 October 2025, the same figure its 31 December 2025 row carries.

Source: The Smarter Web Company PLC Annual Report and Accounts for the year to 31 October 2025, published 20 February 2026, balance sheet and note 19 (cash and cash equivalents £1,503,118), company PDF sha256 cd7b9b8979d311f90f035a0c8962884f0f24d3130a1be20e1d60e4367d06afcc. The Q1 2026 Quarterly Investor Update of 2 April 2026, company PDF sha256 e2149dda02ebb952b4bb9b0949da7f016790b776a3882b9bbda3877f90522824, states holdings of 2,695 bitcoin and no cash balance. Applied 2026-10-07 at 18:41:16 UTC; read back live 2026-10-07 at 18:44:37 UTC.

TSWCF_20260331: cash US$1,685,000 to US$1,990,128 at the row's rate of 1.3240; Senior Claims 6.1518% to 5.9856%; CEBE 718.69 to 719.96 sats, at the row's bitcoin price of US$68,107.

Record: #A-294

The Smarter Web Company's 30 June 2025 row carried 543 bitcoin, rounding down the 543.53 it held before its 1 July 2025 purchase, and 228,245,812 shares, which left out 14,221,623 shares issued on 25 June and included 7,000,000 issued on 7 July. The row now carries 543.53 bitcoin and the 235,467,435 shares the company's share capital note shows in issue at 30 June 2025.

Source: The Smarter Web Company PLC Bitcoin Purchase announcement of 1 July 2025 (230.05 bought, total 773.58), company PDF sha256 df0a9c7ba937a23ae30d0dfc3ff2497c53681a2b15543e153771cb6beb3c6741; Annual Report and Accounts for the year to 31 October 2025, share capital note, sha256 cd7b9b8979d311f90f035a0c8962884f0f24d3130a1be20e1d60e4367d06afcc, whose dated issues also sum to 290,556,453 at 30 September 2025 and 300,237,093 after the October 2025 placing, as the placing announcement states. Applied 2026-10-07 at 19:00:46 UTC; read back live 2026-10-07 at 19:10:46 UTC.

TSWCF_20250630: bitcoin 543 to 543.53; basic shares 228,245,812 to 235,467,435; Senior Claims 0% unchanged; CEBE 237.90 to 230.83 sats, at the row's bitcoin price of US$107,136.

Record: #A-296

The Smarter Web Company's 30 September 2025 row carried 2,470 bitcoin, missing the 55 it bought on 23 September 2025, and a cash figure of US$538,000 with no recorded source. The row now carries 2,525 bitcoin, as the 23 September announcement states, and the last cash balance the company reported before the date, £1,340,198 at 30 April 2025, carried forward.

Source: The Smarter Web Company PLC Bitcoin Purchase announcements of 23 September 2025 (total holdings 2,525 bitcoin), company PDF sha256 260cc4fab6ecaefd972471958687b73e041281c0a7cdf33445edd6d6a4d0be8e, and 7 October 2025 (25 bought, total 2,550), sha256 c6f6c5eda30fe59cb0f5d836877ca1395960125ebdbedb994d5e4bc8a87e2624; Interim results for the six months to 30 April 2025 (cash and cash equivalents £1,340,198), sha256 20942b5000409cb6670b5178bf66f6201d6f7f00d1a8440094d3e26faf27fef5. Applied 2026-10-07 at 19:01:36 UTC; read back live 2026-10-07 at 19:10:46 UTC.

TSWCF_20250930: bitcoin 2,470 to 2,525; cash US$538,000 to US$1,801,896 at the row's rate of 1.3445; Senior Claims 7.0111% to 6.4197%; CEBE 790.49 to 813.23 sats, at the row's bitcoin price of US$114,088.

Record: #A-296

The Smarter Web Company's 30 June 2025 row carried cash of US$52,000,000, a press figure matching the cash the company said it held after its 1 July 2025 bitcoin purchase, while the same row carries the bitcoin it held before that purchase. The row now carries cash as of 30 June on the same pre-purchase basis: the approximate £38,000,000 the company stated after the purchase plus the £17,967,595 the purchase cost, £55,967,595, marked as an estimate.

Source: The Smarter Web Company PLC announcement of 1 July 2025, Bitcoin Purchase and Directors' Holdings after Fundraising (230.05 bitcoin bought for £17,967,595; approximate net cash in treasury available to be deployed, £38,000,000), company PDF sha256 df0a9c7ba937a23ae30d0dfc3ff2497c53681a2b15543e153771cb6beb3c6741. The announcement states no trade or settlement date. Applied 2026-10-07 at 22:24:45 UTC; read back live 2026-10-07 at 22:41:02 UTC.

TSWCF_20250630: cash US$52,000,000 to US$76,849,105 at the row's rate of 1.3731; Senior Claims 0% unchanged and CEBE unchanged at 230.83 sats, at the row's bitcoin price of US$107,136, because the row carries no senior claim.

Record: #A-300

The entry this text calls "the entry below" is the other Capital B entry of 2026-10-07, which records the first change to this row that day.

The Capital B row for 31 March 2026 counted the shares from a bond conversion that had not yet happened. The 30 March 2026 release announced the conversion of 19,917,972 B-01 convertible bonds and showed the resulting share count as "post operations", subject to final completion; the 13 April 2026 release confirms the conversion that day, when the 36,613,919 new shares were issued. On 31 March those bonds were still a claim on the company's bitcoin, not shares. The row now carries the shares issued on that date and the whole convertible bond stack as the claim, which raises its Senior Claims and also raises its CEBE, because the share count it divides by is smaller. This is the second change to this row today; the entry below records the first.

Source: Capital B releases of 30 March 2026 (ordinary basis 229,727,727 shares, "post operations" 271,572,205) and 13 April 2026 ("La Société confirme ce jour la réalisation des demandes de conversion"); Rapport Financier Annuel 2025 (FY2025 annual report), the convertible bond stack of EUR 116,548k stated as 1,278.5 BTC, unchanged until 13 April. Share counts divided by ten for the 2026-09-08 reverse split and rounded half up. Applied 2026-10-07; read back live 2026-10-07 at 22:22:34 UTC.

ALCPB_20260331: shares 27,157,221 to 22,972,773; bitcoin-indexed claim 1,011 to 1,278.5 BTC; Senior Claims 34.1236% to 43.3860%; CEBE 7,005.54 to 7,117.17 sats; historical CEBE mNAV point 1.4430x to 1.4204x. At the row's own bitcoin price; debt, cash and exchange rate unchanged.

Record: #A-299

DDC Enterprise's 31 March 2026 row carried 44,275,474 shares, the count stated as of 21 April 2026. It included 9,924,598 shares from a preferred conversion whose second notice is dated 8 April and 5,627,871 shares from a placement whose closing is not dated. The last count filed on or before 31 March is 28,723,005, as of 20 March 2026, and the row now carries it, marked as an estimate. The preferred stays on the row as a claim to match. The row's 2,383 bitcoin was right: the company stated it on 19 March and again on 21 April. The running row, re-dated to 2 September 2026, still carried a stock price of US$1.89 from July; it now carries that day's close of US$0.32.

Source: Company release of 2026-03-19, ir.ddc.xyz press release 83 (2,383 BTC); Form 6-K accession 0001213900-26-032100 (28,723,005 Class A shares as of 2026-03-20); Form 6-K accession 0001213900-26-046214 (2,383 BTC and 44,275,474 shares as of 2026-04-21); NYSE American close of 2026-09-02 from a secondary quote source. Couriered 2026-10-11 as ddc_snapshots_mechanics_rawseries_2026-10-11.tsv, sha256 bc63d97f2fed9c02213a6e59c48abfd7ea45a40dc9a5aa6335a60df665df5321, raw filing cells with citations on every DDC quarter-end row and the running row; applied 2026-10-11 at 16:47:12 UTC; read back live at 16:49:43 UTC, all 74 cells equal.

DDC_20260331: shares 44,275,474 to 28,723,005; the row's Senior Claims and CEBE move with the carried balance sheet and are stated in the constructed-rows entry of the same date. DDC_20260703_R: stock price US$1.89 to US$0.32, which moves the figures built on the row's stock price; Senior Claims and CEBE do not read it. Dependent rows: 0 recomputed.

Record: #A-347

DDC Enterprise's running row was dated 3 July 2026 while its newest figures came from the half-year report filed on 2 September, and it carried the 30 June share count of 45,627,607 after that report stated 56,841,260 shares outstanding as of 2 September. The share count moved on 17 September, and on 18 September the row was re-dated to 2 September with the bitcoin price struck at that date's convention close; debt and cash stay at the 30 June balance sheet, the latest filed. These moves were applied in September and are entered here on 2026-10-11, when Code's corrections-against-live audit found them served with no entry.

Source: H1 2026 Form 6-K, accession 0001213900-26-096455, cover (56,841,260 Class A shares as of 2026-09-02). Applied 2026-09-17 as ddc_snapshots_mechanics_h1shares_2026-09-17.tsv (a64da18b); and 2026-09-18 as ddc_snapshots_mechanics_redate_2026-09-17.tsv (b291ff98).

DDC_20260703_R: shares 45,627,607 to 56,841,260 on 17 September, CEBE 5,827.83 to 4,678.11 sats with Senior Claims unchanged at 8.2753%; then dated 2026-07-03 to 2026-09-02 and bitcoin price US$62,554 to US$77,297 on 18 September, Senior Claims 8.2753% to 6.6969% and CEBE 4,678.11 to 4,758.61 sats. Dependent rows: 0 recomputed.

Record: #A-183, #A-188

Metaplanet's 30 September 2026 row carried its dollar credit facility at the 30 June balance of US$414,000,000, and the instruments tab carried the facility at US$416,640,058, the balance a 2 July notice states. On 13 October Metaplanet filed the balance at 30 September as about US$650 million drawn, under a facility of up to US$800 million. Both now carry US$650,000,000, marked as an estimate because the filing states the balance only as a rounded figure. The rest of the row's balance sheet stays carried from 30 June until the third-quarter report, and the 30 June row is unchanged. CEBE, Senior Claims % and Adjusted CEBE do not move: the row's claims run on the net figure Metaplanet filed for 30 September, JPY 122,374 million, and the facility is not one of the instruments the Adjusted layer admits.

Source: Metaplanet TDnet 140120261013549590, notice of 13 October 2026 on the zero-coupon 2031 euro-yen convertible bond, Japanese original, use of proceeds item 1 (about US$650 million drawn at 30 September 2026 under a facility of up to US$800 million; sha256 bf233ade8a05ea1436a07eb007c07739dc23d5aada77114d9e73653bc7771e10); for the figures replaced, the H1 FY2026 kessan tanshin, TDnet 140120260812518571 (US$414,000,000 at 30 June 2026), and the bitcoin purchase notice of 2 July 2026. Applied to the instrument (face_value applied 2026-10-13 at 21:33:33 UTC, read-back left unconfirmed by a rate limit, the proof and the guard re-run both passed) and to the row (usd_claims_face and debt_usd, 3 writes verified at 21:35:35 UTC). /credit/ figures at placement read on this tree from the instruments, snapshots and deals tabs as served by /api/sheet-data on 2026-10-13 at 21:50:38 UTC, the before read with the cells those two writes made set back to their values before, at the live bitcoin print of US$83,451 (21:50:23 UTC).

MTPLF_20260930: facility US$414,000,000 to US$650,000,000, est. Debt as printed on /company/MTPLF/ (Debt, face, and the Capital Structure debt card), on /api/v1/companies.json and on /api/v1/history.json: US$464,772,800 to US$700,772,800 (the JPY 8,000 million 20th Series bonds at the row's rate of 0.0063466, US$50,772,800, plus the facility). /credit/ BTC Rating for Metaplanet, bitcoin held over debt plus preferred: 5.97x to 4.31x at the row's bitcoin price of US$83,576.13 (the page computes it at the live price: 5.93x to 4.29x at US$83,141 on 13 October at 20:39 UTC); its history point for 30 September: 6.04x to 4.35x. Instrument MTPLF_CREDIT_FACILITY: face US$416,640,058 to US$650,000,000, est, on /credit/ and /api/v1/instruments.json; its annual interest at the 7.25% weighted average rate, US$30,206,404 to US$47,125,000. On /credit/ that interest also moves Metaplanet's wrapper column and its Annual Cost total, percent of bitcoin reserve and sats, which the page computes at the live bitcoin price (the added US$16,918,596 a year is 0.46 percentage points of the reserve at the row's price); its cash coverage and runway, cash over cash coupons, fall in the ratio of the coupons; the page's Total Face rises by US$233,359,942 and its Total Annual by US$16,918,596; in the claims bar the facility's segment widens and the residual debt segment goes to zero, with Metaplanet's total claims percent unchanged; in the facility's detail, the face, the annual cost to common equity (US$30 million to US$47 million a year), the claims percent contribution, and the bitcoin price at which the facility alone equals the holdings, US$9,469 to US$14,773. At placement, at US$83,451: Metaplanet's Annual Cost 1.02% to 1.48% of the bitcoin reserve, US$37.5M to US$54.4M a year and 33 to 48 sats a share, runway 0.2 years before and after; BTC Rating 5.96x to 4.31x; in the claims bar, the facility 14.3% to 16.2%, the MERCURY preferred 5.1% to 3.7% and the 20th Series bonds 1.7% to 1.3%, the total 21.2% before and after; the page's Total Annual US$1.81B to US$1.82B a year. /company/MTPLF/ instruments table: USD 416,640,058 to USD 650,000,000. /claims/ contractual figure for the facility: US$416.6M to US$650.0M. /charts/ capital stack: the Metaplanet debt reconciliation note and segment tooltip move with the face; the stack column, built from the row, does not. CEBE 2,544 sats, Senior Claims 21.12% and Adjusted CEBE 2,366 sats on 30 September: unchanged. Claims Grade: no served figure moves. The facility's grade of 15 September 2026 stands on the 30 June row, where US$414,000,000 was the balance in force (68.04% of gross graded claims, company letter D, Critical). The company grade recomputed at the bond's activation on 29 October 2026 reads the restated balance: facility US$650,000,000 of US$1,180,639,226 gross graded claims, 55.05%, above half, so the company letter is D, Critical, at every Moneyness score the bond can take. Dependent rows: 0 recomputed.

Record: #A-445 (instrument), #A-446 (row), COPILOT-2026-10-13d-4

Two cells on Strategy's 2026 quarter-end rows did not match the company's own quarterly reports. The 31 March 2026 row carried debt of US$8,253,859,000; the Q1 2026 10-Q tags US$8,253,852,000, six convertible notes at US$8,213,659,000 plus other secured debt at US$40,193,000, and the row had taken the secured leg as US$40,200,000. The 30 June 2026 row carried a euro rate of 1.14133 for its euro-denominated STRE preferred, while the Q2 2026 10-Q's own STRE figure, US$884,120,000 on EUR 775,000,000, implies 1.1408; the row's preferred total already matched the report, so the rate was the wrong cell. Both rows now carry the reported figures.

Source: Strategy Form 10-Q for the quarter ended 2026-03-31, accession 0001050446-26-000031 (mstr:LongTermDebtMaturitiesRepaymentsDue, total US$8,253,852 thousand; complete submission sha256 a426d1292b0de186699d09cbcc425711533dd7ebadf52ef4b2bf9e7b689c48b2), and Form 10-Q for the quarter ended 2026-06-30, accession 0001050446-26-000044 (STRE liquidation preference US$884,120 thousand on 7,750,000 shares of EUR 100; complete submission sha256 c97646068e3ce2350fe71ed1ef1c34ada66a798a4dd3f8ed8907b72132ea2dcc). Applied 2026-10-07 at 18:15:51 and 18:16:19 UTC; read back live 2026-10-07 at 18:34:36 UTC.

MSTR_20260331: debt US$8,253,859,000 to US$8,253,852,000; Senior Claims 30.924843% to 30.924829%; CEBE 152,177.37 to 152,177.40 sats, at the row's bitcoin price of US$68,107. Both print unchanged at 30.92% and 152,177 sats. MSTR_20260630: euro rate 1.14133 to 1.1408; /flows/ values STRE at the row's own rate, so its 30 June 2026 STRE figure moves from US$884,530,750 to US$884,120,000. Senior Claims and CEBE do not move on that row, because its preferred total is stored and was already correct.

Record: #A-288

Eight OranjeBTC deal rows carried a figure other than the one the weekly treasury notice for their window states. One summed three windows into one row: the purchase row dated 15 November 2025 carried 14.3 bitcoin, the 5 bitcoin bought from 31 October to 16 November together with 7.3 and 2.0 bought in two later weeks, which now have rows of their own. One carried a share count the notice does not state: the repurchase week to 28 December 2025 carried 102,400 shares where the notice states 129,300, and a cash figure to match. One carried a bitcoin price with two digits transposed. The other five carried cash rounded or estimated where the notice states the amount to the real or the dollar. Every OBTC3 deal row was tied, window by window, to the notice that reports it, and each of these cells now carries the stated figure.

Source: OranjeBTC weekly Comunicados ao Mercado, each on the IR store: 26/10/2025 (727a9d21, sha256 67d88fae6607a7ef), 30/10/2025 (485b0403, f1a5a4e97d21684b), 16/11/2025 (477957cb, d636dbcb4f4b261b), 28/12/2025 (5b0e86a2, d42b9808fdebde9d), 01/02/2026 (c18e3f1d, 22b852cf313f5a08), 08/03/2026 (6ce89f7e, 2a79f2e6e4604a30), 03/05/2026 (5caaf0d9, a3b27fa7bb1cf3fd) and 26/07/2026 (53b805de, 083c7046ac24f1a5). The share counts agree with the company's monthly Formulário Individual on its own securities trades for October and December 2025, read 2026-10-12. Applied 2026-10-11 at 17:23:59 UTC.

OBTC3-2025-11-15-01: bitcoin 14.3 to 5; price none to US$94,798; cash paid none to US$473,990; quality ESTIMATED to VERIFIED. OBTC3-2025-12-28-01: shares repurchased 102,400 to 129,300; cash paid R$986,112 to R$1,244,605. OBTC3-2025-10-27-02: cash raised R$1,573,500 to R$1,573,010. OBTC3-2025-10-31-01: cash paid R$1,120,000 to R$1,124,631; quality ESTIMATED to VERIFIED. OBTC3-2026-02-01-01: cash paid R$274,400 to R$274,464. OBTC3-2026-03-08-01: cash paid R$199,810 to R$199,940. OBTC3-2026-05-03-01: bitcoin price US$78,731 to US$78,371. OBTC3-2026-07-26-01: cash paid US$394,452 to US$394,453. Cash paid is served negative, as cash out, before and after. The estimate flags on the reais amounts clear where the notice states them. Deals rows enter no Senior Claims % or CEBE figure, so neither moves on any row; holdings on the snapshot rows already came from the notices and are unchanged. Dependent rows: 0.

Record: #A-358

The deals row for Smarter Web Company's MORE preferred share issue, TSWCF-2026-10-12-03, served shares issued of 0. The issue's own filing states 111,112 Preferred Shares issued in the offer, at GBP 90 each. The row was entered on 12 October 2026 with shares issued at 0, ahead of Admission, and the cell stayed at 0 after Admission on 14 October 2026, when the row's event date and source were updated. It now carries 111,112. The 100,000 ATM Facility shares admitted alongside the offer are unsold and are not counted. The row's source cell now names the offer count and states that the 100,000 ATM Facility shares are not counted. The licensed deals feed and the deal lists that read it served the wrong figure from 2026-10-12 at 12:35:23 UTC, when the row was first applied, to 2026-10-19 at 15:52:33 UTC, when the figure below was applied.

Source: Smarter Web Company RNS 5271Y, 12 October 2026, Results of Offer: 111,112 Preferred Shares issued at GBP 90. RNS 8238Y, 14 October 2026, Admission: 211,112 Preferred Shares admitted, of which 111,112 from the offer and 100,000 ATM Facility shares, the latter not counted. Applied 2026-10-19 at 15:52:33 UTC.

TSWCF-2026-10-12-03: shares issued 0 to 111,112, on /api/v1/deals.json and on the deal lists that read the cell, /credit/capital-events/, /flows/ and /charts/. Served at 0 from 2026-10-12 at 12:35:23 UTC to 2026-10-19 at 15:52:33 UTC. Claims added, net proceeds, the dates and the estimate flag are unchanged. No headline figure moved: Smarter Web's Senior Claims % of 11.79%, CEBE of 660 sats and Adjusted CEBE of 619 sats, as of 2026-10-15, are the same before and after, and no posted panel read the cell. Deals rows enter no Senior Claims % or CEBE figure. Dependent rows: 0.

Five of The Smarter Web Company's deal rows carried figures their announcements do not state. The January and February bitcoin purchases carried a dollar bitcoin price we had derived, where the announcement states one; the two April warrant purchases carried a share price of 28.7 pence that no announcement states; and the 3 August placement carried net proceeds of £998,476, which is in no announcement. Three rows were also dated before their announcements, on dates no filing states. Each now carries what its announcement states.

Source: The Smarter Web Company announcements on Investegate: Bitcoin Purchase of 22 January 2026, 9374558 ("£67,210 per Bitcoin ($90,289 per Bitcoin)"), and of 11 February 2026, 9424837 ("£52,385 per Bitcoin ($71,647 per Bitcoin)"); Existing Warrants Voluntary Purchase Offer Results of 9 April 2026, 9511378 (no share price stated); Bitcoin Purchase, Corporate Update and TVR of 3 August 2026, 9699702 (gross £1,016,250); Subscription Agreement Update of 20 April 2026, 9526921, and Bitcoin Purchase of 24 April 2026, 9536019. Applied 2026-10-20.

Bitcoin price: TSWCF-2026-01-22-01 US$78,401 to US$90,289; TSWCF-2026-02-11-01 US$69,310 to US$71,647. Share price at the deal: both 9 April rows, 28.7 pence to blank. Net proceeds: 3 August £998,476 (US$1,347,043.97 on the deal tape) to blank, with the gross in the row's notes. Dates: TSWCF-2026-04-18-01 from 18 to 20 April, TSWCF-2026-04-23-01 and -02 from 23 to 24 April, the dates of their announcements. Dependent rows: 0 recomputed.

Record: #A-588, applied 2026-10-20 13:20:00 UTC, RULINGS_2026-10-20-g

Two DDC deal rows carried a figure other than the one their filing states. The October 2025 private placement carried 13,309,806 shares, the change in shares outstanding across the placement, where the filing states 12,400,000 shares sold at $10.00; the other 909,806 shares are issues the filing does not itemise. The March 2026 placement carried net proceeds of $14,013,439, which no filing states; the filing states 5,627,871 shares at $2.49 and no total. Each cell now carries what the filing supports: 12,400,000 shares, and $14,013,398.79 marked as an estimate, the share count times the price. The October placement's gross proceeds, $124 million, are stated in the row's notes, and its net proceeds stay blank, because no filing states them.

Source: DDC Enterprise Limited Form 6-K accession 0001213900-25-098777 (eight subscription agreements on or around 8 October 2025, 12,400,000 Class A shares at $10.00; Exhibit 99.1, gross proceeds of $124 million) and Form 6-K accession 0001213900-26-032100 (subscription agreement of 19 March 2026, 5,627,871 Class A shares at $2.49). Applied 2026-10-20.

DDC-2025-10-14-01: shares issued 13,309,806 (an estimate) to 12,400,000 (as filed). DDC-2026-03-20-01: net proceeds $14,013,439 to $14,013,398.79, now marked as an estimate. On /charts/ the CEBE bridge for 30 September to 31 December 2025 counts 12,400,000 deal shares against the 13,282,421 the snapshots move; its share leg and residual stay at 0 sats, because CEBE on 31 December 2025 is zero. Deals rows enter no Senior Claims %, CEBE or Adjusted figure, so none moves. Dependent rows: 0.

Record: #A-593, applied 2026-10-20 19:09 UTC, RULINGS_2026-10-20-g

Three DDC bitcoin purchase rows carried, as the price of the coins bought, a figure that is the average cost of everything DDC holds. Each release prints that average beside the total holdings; on the purchases of 19 March and 27 May 2026 it sits above every bitcoin close in the days the coins could have been bought. Where two releases in a row state the average and no coins moved between them, the price of the coins bought follows from the two, and the rows of 21 and 27 May now carry that figure, marked as an estimate. The row of 19 March cannot be derived that way, because coins were bought before it with no release, so its price is blank.

Source: DDC Enterprise Limited press releases of 19 March 2026 (200 BTC, 2,383 held, average cost $79,969), 21 May 2026 (200 BTC, 2,583 held, approximately $79,496) and 27 May 2026 (131 BTC, 2,714 held, $79,135), read on the company's investor site; the site's dated bitcoin close rail for the purchase windows. Applied 2026-10-20.

Price per bitcoin on the deal row, before and after: DDC-2026-05-21-01 $79,496 to $73,860, an estimate; DDC-2026-05-27-01 $79,135 to $72,017, an estimate, which rests on the 21 May average stated as approximate; DDC-2026-03-19-01 $79,969 to blank. The bitcoin amounts (200, 131 and 200) do not change. Deal rows enter no Senior Claims %, CEBE or Adjusted figure, so none moves. Dependent rows: 0.

Record: #A-595, applied 2026-10-20 19:30:08 UTC, RULINGS_2026-10-20-p, RULINGS_2026-10-20-g

Two more of The Smarter Web Company's bitcoin purchase rows carried a bitcoin price their announcements do not state. The 2 September purchase carried US$77,519, which we derived from the announced £57,494; the 12 May purchase carried US$81,593 where the announcement states US$81,592.67. The 2 September row now carries no dollar price, with the sterling average in its notes, and the 12 May row the announced price.

Source: Bitcoin Purchase of 2 September 2026, 9750542 ("Average Purchase Price: £57,494 per Bitcoin", no dollar price), and of 12 May 2026, 9562950 ("$81,592.67 per Bitcoin"). Applied 2026-10-21.

Bitcoin price: TSWCF-2026-09-02-01 US$77,519 to blank; TSWCF-2026-05-12-01 US$81,593 to US$81,592.67. The Decision Lab print for 2 September loses its deal bitcoin price. Senior Claims %, CEBE and the snapshot rows do not read deal rows. Dependent rows: 0 recomputed.

Record: #A-601, applied 2026-10-21 15:04:47 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

OranjeBTC's deal row of 7 October 2025 carried 3,675 bitcoin, the company's whole holding after that week, where its notice states a purchase of 25. The holding is already the opening balance on the snapshot row of the same date, so the deal row now carries the purchase alone, with the price and cost the notice states.

Source: OranjeBTC Comunicado ao Mercado of 6 October 2025 (IR store file e1eeb44b, sha256 e7716631): 25 BTC acquired from 25 September to 6 October 2025 for about US$2.8 million, about US$112,500 per bitcoin; holdings then 3,675 BTC. Applied 2026-10-21.

OBTC3-2025-10-07-01: bitcoin 3,675 to 25; price blank to US$112,500; cash blank to US$2.8 million paid, marked estimated because the notice gives it as approximate. The Decision Lab print for that week reads 25 bitcoin bought, at a cost, where it read 3,675 with none. The CEBE bridge, Senior Claims % and CEBE do not move. Rows changed: 1.

Record: #A-601, applied 2026-10-21 15:14:06 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

Reversed 2026-10-07. The change this section first published, taking the warrants out of basic shares, was undone the next day; the reversal opens the text below and closes the effect, and both stand as published.

Reversed 2026-10-07: the tracker counts Nakamoto's pre-funded warrants in basic shares on every row, so the 30 June 2026 row is back at 18,987,567 shares, its CEBE back at 10,426 sats, and the warrants are no longer listed among the share-delivery instruments. The 31 March 2026 row was checked figure by figure against its 10-Q and stands unchanged at 18,793,081 shares and 13,308 sats. Original text follows. Nakamoto's 30 June 2026 row counted its 1,092,624 pre-funded warrants as basic shares. The tracker counts a pre-funded warrant in basic shares only when it is exercisable at any time with no condition and its remaining exercise price is under one percent of the share price. On 30 June 2026 the warrants' remaining exercise price of US$0.04 was 1.0127% of that day's close of US$3.95, so the row now carries the 17,894,943 common shares alone, and the warrants are disclosed with the company's other share-delivery instruments. The 31 March 2026 row is unchanged: its close of US$8.84 puts the same exercise price at 0.4525%, so its count of 18,793,081 still includes the 1,542,624 warrants outstanding at that date.

Source: Nakamoto Inc. Form 10-Q for the quarter ended 2026-06-30, accession 0001493152-26-037603 (17,894,943 common shares, balance sheet and cover). Warrant count derived from the FY2025 Form 10-K, accession 0001493152-26-013601, less the 450,000 cashless exercise in that 10-Q's equity statement. Exercise price US$0.001 under the form of pre-funded warrant filed with Form 8-K accession 0001213900-25-077579, US$0.04 after the 1-for-40 reverse split of 2026-05-22 (Form 8-K accession 0001493152-26-025015). Closing prices on Nasdaq for 2026-06-30 and 2026-03-31. Applied 2026-10-07 at 01:13:36 UTC; read back live 2026-10-07 at 01:16:46 UTC. Reversal: the 31 March 2026 figures are from the Form 10-Q for the quarter ended 2026-03-31, accession 0001493152-26-022777 (5,064 bitcoin; 690,018,254 common shares before the split; cash and cash equivalents US$35,300 thousand plus US$136 thousand in USDT; a 210.0 million USDT loan), with the 61,704,975 pre-funded warrants from the FY2025 Form 10-K. Applied 2026-10-07 at 13:54:38 UTC; read back live 2026-10-07 at 14:02:54 UTC.

NAKA_20260630: basic shares 18,987,567 to 17,894,943; Senior Claims 55.6843% unchanged; CEBE 10,426 to 11,062 sats, at the row's bitcoin price of US$58,566. NAKA_20260331: unchanged at 18,793,081 shares, Senior Claims 50.6138%, CEBE 13,308 sats. The 1,092,624 warrants now appear among Nakamoto's share-delivery instruments. Reversed 2026-10-07: NAKA_20260630 basic shares 17,894,943 to 18,987,567; Senior Claims 55.6843% unchanged; CEBE 11,062 to 10,426 sats. NAKA_20260331 unchanged at 18,793,081 shares, Senior Claims 50.6138%, CEBE 13,308 sats. The warrants are counted in basic shares and no longer appear among the share-delivery instruments.

Record: #A-273, #A-283

Nakamoto's 30 September 2025 row counted 84,502,113 pre-funded warrants in its basic share count. The quarterly report supports 84,502,773: the 133,800,773 issued on 14 August 2025 less the 49,298,000 shares issued on their exercise by 30 September, which also equals the 85,091,274 warrants it reports outstanding less the 588,501 public warrants it reports outstanding at 14 November 2025. The row now carries 12,791,390 basic shares after the 1-for-40 reverse split, up from 12,791,374.

Source: Kindly MD, Inc. (now Nakamoto Inc.) Form 10-Q for the quarter ended 2025-09-30, accession 0001493152-25-024260 (427,152,834 common shares issued and outstanding; 133,800,773 pre-funded warrants issued; 49,298,000 shares issued on their exercise; 85,091,274 warrants outstanding). Year-end check: the FY2025 Form 10-K, accession 0001493152-26-013601, states 71,704,975 pre-funded warrants at 2025-12-31, which is 84,502,773 less the 12,797,798 shares issued on their exercise in the fourth quarter. Reverse split under Form 8-K accession 0001493152-26-025015. Applied 2026-10-07 at 14:09:18 UTC; read back live 2026-10-07 at 14:17:19 UTC.

NAKA_20250930: basic shares 12,791,374 to 12,791,390; Senior Claims 29.0384% unchanged; CEBE unchanged at 29,946 sats, at the row's bitcoin price of US$114,088. Market capitalization and CEBE mNAV move in proportion to the 16 added shares.

Record: #A-286

Strive's 31 December 2025 row counted 44,713,285 basic shares, the Class A and Class B common stock alone. The annual report states 1,072,289 PIPE pre-funded warrants outstanding at year end, each for one twentieth of a share at US$0.0020 after the reverse split, immediately exercisable until exercised in full, which is 0.0136% of the year-end close. Under the same rule as the 30 September row, the row now counts them: 34,936,745 Class A + 9,776,540 Class B + 53,614 shares from the warrants is 44,766,899. Every other figure on the row was checked against the same report and stands.

Source: Strive, Inc. Form 10-K for fiscal year 2025, accession 0001628280-26-019879 (balance sheet share counts; PIPE warrant table, 1,072,289 pre-funded warrants outstanding at 2025-12-31; closing price of US$0.7380 on 2025-12-31 before the split). Applied 2026-10-07 at 18:19:12 UTC; read back live 2026-10-07 at 18:34:36 UTC.

ASST_20251231: basic shares 44,713,285 to 44,766,899; Senior Claims 20.03% unchanged; CEBE 13,641 to 13,625 sats, at the row's bitcoin price of US$87,575.

Record: #A-289

Strive's 30 September 2025 row counted 33,342,654 basic shares, the Class A and Class B common stock alone after the 1-for-20 reverse split. The tracker counts a pre-funded warrant in basic shares when it is exercisable at any time with no condition and its remaining exercise price is under one percent of the share price. The quarterly report states 177,246,462 PIPE pre-funded warrants outstanding at 30 September 2025, immediately exercisable until exercised in full at US$0.0001 each before the 1-for-20 reverse split, US$0.0020 after, 0.004% of that day's split-adjusted close of US$50.00. The row now counts them: (448,817,597 Class A + 218,035,473 Class B + 177,246,462 pre-funded warrants) divided by 20 is 42,204,977. An earlier audit had removed the warrants from this row as a diluted count, before the tracker's rule on pre-funded warrants existed. Every other figure on the row was checked against the same report and stands.

Source: Strive, Inc. Form 10-Q for the quarter ended 2025-09-30, accession 0001628280-25-052343 (balance sheet share counts; PIPE warrant table, 177,246,462 pre-funded warrants outstanding at period end; exercise price US$0.0001). Close of US$50.00 split-adjusted for 2025-09-30, from Yahoo Finance, the site's US price source. Applied 2026-10-07 at 18:18:24 UTC; read back live 2026-10-07 at 18:34:36 UTC.

ASST_20250930: basic shares 33,342,654 to 42,204,977; Senior Claims 0.00% unchanged, since cash exceeded senior claims; CEBE 17,653 to 13,946 sats, at the row's bitcoin price of US$114,088. Market capitalization and CEBE mNAV move in proportion to the 8,862,323 added shares.

Record: #A-289

Metaplanet's Claims Grade was published as C (Elevated) on two instruments, the MERCURY preferred and the 20th Series bonds, while its dollar credit facility, an active claim since 31 October 2025 and the largest on the stack, was left off the grade tab. That omission is the cause of this correction: every instrument active on the instruments tab belongs on the grade. The facility is now graded at the 15 September 2026 grade date, on the same filed row of 30 June 2026 the other two were weighted from: Permanence 2, no defined maturity and repayable at the company's option; Moneyness 2, not convertible; Downside 3, bitcoin collateral under a required collateral level whose breach calls for more collateral or a forced sale, the level itself not disclosed; Cost 2, a floating rate of 7.25 percent paid in cash. Its letter is D (Critical). At US$414,000,000 it is 68.04 percent of Metaplanet's US$608,466,981 of gross graded claims, more than half, and under the published rule a Critical instrument above half of gross claims caps the company grade at D. Metaplanet's grade moves from C (Elevated) to D (Critical).

Source: Metaplanet H1 FY2026 kessan tanshin, TDnet 140120260812518571, p.5 (US$414,000,000 drawn at 30 June 2026); FY2025 annual securities report, EDINET S100XTWY, Note 2, the borrowings schedule and risk factor 4(6); TDnet draw notices of 31 October, 25 November and 5 December 2025 and 30 January 2026; TDnet 140120261013549590 (repayment from the bond proceeds).

MTPLF company grade C (Elevated) to D (Critical), grade date 2026-09-15 unchanged. MTPLF_CREDIT_FACILITY added at grade date 2026-09-15: face US$414,000,000, Permanence 2, Moneyness 2, Downside 3, Cost 2, letter D (Critical), 68.04 percent of gross graded claims. Metaplanet graded claims US$194,466,981 to US$608,466,981; face-weighted mean 8.4815 to 8.8343. Senior Claims % at grade 18.3456% unchanged, the snapshot having carried the facility throughout.

Record: COPILOT-2026-10-13b-1

Capital B's continuation plan liabilities, a court-scheduled senior unsecured claim active on the instruments tab, were absent from the Claims Grade, which carried the six convertible bond series alone. The plan is now graded at the 15 September 2026 grade date on the same row the bonds were weighted from: Permanence 1, instalments scheduled to July 2034; Moneyness 1, not convertible; Downside 1, unsecured with no trigger and no maturity inside the stress window. Its rate is not stated in the filings, so its Cost and letter read not stated. Capital B's company grade stays A (Minimal); the plan is 2.20 percent of graded claims.

Source: Capital B half-year financial report to 30 June 2026, published 15 October 2026 (French, sha256 aef9e93c), page 10 (restated schedule to 23 July 2034), page 11 (instalments of July 2025 and July 2026 paid), page 13 and Note 5.13 page 69 (frozen promissory notes EUR 801 thousand), Notes 5.14 and 5.15 page 70 (plan trade payables EUR 692 thousand, fiscal and social debts EUR 400 thousand); FY2025 annual financial report, filed 30 April 2026 (sha256 44fed186), pages 16 to 17, 39 to 40, 80 to 82 and 112. Applied 2026-10-15 at 20:44:51 UTC.

ALCPB_CONTINUATION_PLAN_2024: added at grade date 2026-09-15, face US$2,137,990 (EUR 1,851,394, the plan as that row carries it after the July 2026 instalment, at the row's rate of 1.1548), Permanence 1, Moneyness 1, Downside 1, Cost not stated, letter not stated. Capital B graded claims US$95,195,504 to US$97,333,494; letter A (Minimal) unchanged.

Nine Strategy weekly rows, the weeks to 2 August through 27 September 2026, carried cash as the USD Reserve and USD Cash balances each week's report states plus a component carried from the 30 June 2026 balance sheet: US$73,420,776 on the 2 August row, US$76,520,776 from 9 August to 30 August, US$70,220,776 on the 7 September row and US$70,920,776 from 13 September. No filing after 30 June states that component, and each weekly report states the balance it covers, so nothing is carried on top of it. Each row now carries the two stated balances alone. The week to 4 October 2026 was filed without the component, and the six quarter-end rows carry their balance-sheet cash as filed. Cash nets against senior claims, so on every row Senior Claims % rises and CEBE falls.

Source: Strategy Form 8-K accessions 0001193125-26-329565 (week to 2026-08-02), 0001193125-26-341297 (2026-08-09), 0001193125-26-353240 (2026-08-16), 0001193125-26-361845 (2026-08-23), 0001193125-26-375463 (2026-08-30), 0001193125-26-384402 (2026-09-07), 0001193125-26-389858 (2026-09-13), 0001193125-26-396093 (2026-09-20) and 0001193125-26-403417 (2026-09-27), each stating the USD Reserve and USD Cash balances at the week's end under Item 8.01; Form 10-Q for the quarter ended 2026-06-30, accession 0001050446-26-000044, the last filed balance-sheet cash of US$2,447,982,000 (cash and equivalents plus short-term investments), which the 30 June row carries unchanged. Applied 2026-10-05 at 02:37:22 UTC; read back on the public snapshot read 2026-10-12 at 05:38:57 UTC, all nine rows at the corrected cash.

Each row at its own bitcoin price as served at the apply, cash then Senior Claims % then CEBE. MSTR_20260802_R at US$63,466: US$4,073,420,776 to US$4,000,000,000; 33.7197% to 33.8571%; 144,005 to 143,706 sats. MSTR_20260809_R at US$64,860.52: US$4,726,520,776 to US$4,650,000,000; 31.6517% to 31.7921%; 145,728 to 145,429 sats. MSTR_20260816_R at US$62,996.40: US$4,876,520,776 to US$4,800,000,000; 32.0427% to 32.1872%; 143,634 to 143,329 sats. MSTR_20260823_R at US$78,424.62: US$6,766,520,776 to US$6,690,000,000; 22.6544% to 22.7705%; 156,299 to 156,065 sats. MSTR_20260830_R at US$77,820.76: US$6,786,520,776 to US$6,710,000,000; 22.4387% to 22.5550%; 155,895 to 155,661 sats. The 7 September row, keyed MSTR_20260906_R at US$79,671.26 at the apply: US$6,610,220,776 to US$6,540,000,000; 21.9104% to 22.0147%; 156,957 to 156,747 sats; later that day it was re-keyed MSTR_20260907_R and its price set to US$79,093, where the corrected cash gives 22.1756% and 156,424 sats. MSTR_20260913_R at US$77,203.53: US$6,470,920,776 to US$6,400,000,000; 22.6065% to 22.7152%; 155,558 to 155,339 sats. MSTR_20260920_R at US$81,169.04: US$6,160,920,776 to US$6,090,000,000; 21.6714% to 21.7747%; 157,614 to 157,406 sats. MSTR_20260927_R at US$84,448.75: US$6,090,920,776 to US$6,020,000,000; 20.6723% to 20.7713%; 159,382 to 159,183 sats. The history surfaces (the company page's history, its drawdown page, /charts/, /compass/ and /api/v1/history.json) served the old figures on each row from the day that row was filed until the apply. The latest-row surfaces (the home page, /credit/, the company page's headline figures and /api/v1/companies.json) served the 27 September row from 2026-09-28 at 12:59 UTC: cash US$6,090,920,776, Senior Claims 20.6723% and CEBE 159,382 sats until the apply, then US$6,020,000,000, 20.7713% and 159,183 sats until the week to 4 October 2026 replaced it as the latest row on 2026-10-05 at 12:52:20 UTC.

Record: #A-251

H100 Group's snapshot rows carried bitcoin prices from a third-party daily series instead of the site's convention close, and two quarter-end rows converted Swedish krona at a rate other than the same-date bitcoin cross the H100 lane is ruled to use. One of those rates had been back-solved from the replaced price. The rows now carry CoinGecko's close for each balance date and that date's krona cross, with the krona debt and cash re-converted at the new rate. The 10 August row had carried the 9 August close, so its stated price date did not match the price; it now carries the 10 August close. 30 September 2025 takes the convention close, which the price archive serves for that date. 30 June 2025 is older than the archive and is labelled price unverified, pre-archive. The 30 June 2025 row is also held, because its debt is an estimate with the tranche drawdowns unverified. Since 2026-10-05 it is withheld from the published series and every chart, where it had shown 100.00% Senior Claims and 0 sats, until the five tranches trace to a filing. Update 2026-10-07: the tranches traced to the company's releases and the row returned to the series; see the entry of that date.

Source: CoinGecko daily history, the 00:00 UTC print of the day after each balance date, US dollar and krona. Debt is SEK 219,800,000 convertible face. Cash is SEK 30,609,239 (Annual Report 2025), SEK 23,100,000 (Interim report January to March 2026, MFN storage bb1e6215) and SEK 18,100,000 (Interim report January to June 2026, MFN storage b11812eb, carried forward). Prices on 31 December 2025 and 31 March 2026 applied 2026-10-04 at 22:59:49 UTC; krona rates and the remaining prices applied 2026-10-05, re-read at 00:02:21 UTC.

HOGPF_20260810: bitcoin price US$64,856 to US$63,916; krona rate 9.4859 to 9.4897; Senior Claims 9.3500% to 9.4838%; CEBE 281.55 to 281.14 sats. HOGPF_20260331: bitcoin price US$68,233.31 to US$68,107; krona rate 9.4642 to 9.4146; Senior Claims 28.9815% to 29.1882%; CEBE 220.57 to 219.93 sats. HOGPF_20251231: bitcoin price US$87,502 to US$87,575; krona rate 9.24 to 9.2017; Senior Claims 22.3693% to 22.4450%; CEBE 242.21 to 241.98 sats. HOGPF_20250930: bitcoin price US$114,043 to US$114,088; Senior Claims 27.2560% to 27.2453%; CEBE 244.43 to 244.46 sats. HOGPF_20250630: no figure changes; price labelled unverified. Each row at its own bitcoin price.

Record: #A-239, #A-243

Nakamoto's four quarter-end snapshot rows carried bitcoin prices other than the site's convention close: the prices printed in the issuer's filings on three rows, and on the 30 September 2025 row a price the filing does not state. Each row now carries CoinGecko's close for its balance date, and each filed price stays in that row's notes as the issuer's mark; the 30 September 2025 quarterly report states no price. On the 30 June 2026 row this reverses the change of 2026-10-04 that had moved the row to the filed price of US$58,532; the only change left on that row since it was first published is its cash correction.

Source: CoinGecko daily history, the 00:00 UTC print of the day after each balance date. Filed prices from Nakamoto's quarterly reports for the periods ended 2025-12-31, 2026-03-31 and 2026-06-30. Applied 2026-10-04 and 2026-10-05, the 30 June 2026 row; all four rows verified against the live tab 2026-10-05 at 01:38:17 UTC.

NAKA_20250930: bitcoin price US$114,043 to US$114,088; Senior Claims 29.0499% to 29.0384%; CEBE 29,941 to 29,946 sats. NAKA_20251231: US$87,519 to US$87,575; Senior Claims 40.0869% to 40.0612%; CEBE 25,120 to 25,130 sats. NAKA_20260331: US$68,220 to US$68,107; Senior Claims 50.5300% to 50.6138%; CEBE 13,330 to 13,308 sats. NAKA_20260630: US$58,532 to US$58,566; Senior Claims 55.7166% to 55.6843%; CEBE 10,418 to 10,426 sats. Net on NAKA_20260630 since first published: Senior Claims 55.7798% to 55.6843%, CEBE 10,403 to 10,426 sats, from the cash correction alone. Each row at its own bitcoin price.

Record: #A-234, #A-231, #A-248

Three Capital B snapshot rows carried an exchange rate or a bitcoin price other than the site's convention. The 31 March 2026 row converted euros at 1.04, a two-decimal rate with no stated source; it now carries the same-date bitcoin cross of 1.1591. Its cash is not restated: the row states no euro amount for it, so the dollar figure stays as converted at 1.04 and is labelled as such until the figure is read from a filing. The 1 June and 3 August 2026 rows now carry the convention close for their dates, the 1 June row with its euro cash re-converted at the new cross.

Source: CoinGecko daily history, the 00:00 UTC print of the day after each balance date, US dollar and euro; cash on the 1 June row is the row's stated EUR 7.4 million, EST. Applied 2026-10-06; read back live 2026-10-06 at 17:53:08 UTC.

ALCPB_20260331: exchange rate 1.04 to 1.1591; Senior Claims 32.6886% and CEBE 7,158.15 sats unchanged; historical CEBE mNAV point 1.2671x to 1.4123x. ALCPB_20260601_R: bitcoin price US$71,360 to US$71,320.29; exchange rate 1.1635 to 1.1621; cash US$8,610,000 to US$8,599,871; Senior Claims 28.3639% to 28.3663%; CEBE 7,479.30 to 7,479.05 sats; historical CEBE mNAV point 1.1772x to 1.1765x. ALCPB_20260803_R: bitcoin price US$63,473 to US$63,465.20; Senior Claims 24.1384% to 24.1382%; CEBE 7,225.80 to 7,225.82 sats. Each row at its own bitcoin price.

Record: #A-266

The Capital B row for 31 December 2025 converted its euro cash and debt at 1.04, a two-decimal rate with no stated source, and carried cash of EUR 3.5 million where the FY2025 annual report states EUR 3,478k. It now carries the same-date bitcoin cross of 1.1751 and the audited cash, with the EUR 1,979k of non-convertible financial debt re-converted at the new rate. Separately, the 31 March 2025 row had carried zero cash as an estimate with no filing behind it. No balance sheet is filed for that date, so its cash is now blank and the row is withdrawn from the published series and every chart, where it had shown 92.5806% Senior Claims and 492.59 sats.

Source: Capital B Rapport Financier Annuel 2025 (FY2025 annual financial report), balance sheet and cash flow statement, cash and cash equivalents EUR 3,478k at 31 December 2025; total financial liabilities EUR 98,357k less convertible bonds EUR 96,378k. CoinGecko daily history, the 00:00 UTC print of 1 January 2026, US dollar and euro. The 31 March 2025 cash cleared 2026-10-06 at 17:57:58 UTC. The 31 December 2025 row applied 2026-10-06 at 23:24:41 UTC; read back live 2026-10-06 at 23:29:21 UTC.

ALCPB_20251231: exchange rate 1.04 to 1.1751; cash US$3,640,000 to US$4,086,998; debt US$2,058,160 to US$2,325,523; Senior Claims 44.6666% to 44.5939%; CEBE 6,882.69 to 6,891.73 sats; historical CEBE mNAV point 1.2992x to 1.4661x. ALCPB_20250331: cash US$0 to not stated; withdrawn from the published series, where it had shown Senior Claims 92.5806% and CEBE 492.59 sats. Each row at its own bitcoin price.

Record: #A-266, #A-271

Three Twenty One Capital snapshot rows carried a bitcoin price other than the site's convention close, the CoinGecko 00:00 UTC print of the day after each balance date, carried to the cent. The 31 December 2025, 31 March 2026 and 30 June 2026 rows carried US$87,520, US$68,232 and US$58,551, which matched neither that print nor the company's own fair-value mark for the same date. All three now carry the convention close. The 30 June row's note, which described the old price as the convention, is corrected with it, and each row's note now records the company's fair-value mark beside the convention close.

Source: CoinGecko daily history, the 00:00 UTC print of the day after each balance date, as archived at /api/btc-close; the company's fair-value marks from the balance sheets of its FY2025 10-K and its Q1 and Q2 2026 10-Qs (accessions 0001213900-26-037460, 0001213900-26-055938, 0001213900-26-087471). Applied 2026-10-07; read back live 2026-10-07 at 13:08:45 UTC.

XXI_20251231: bitcoin price US$87,520 to US$87,575.05; Senior Claims 9.6837% to 9.6776%; CEBE 11,340.74 to 11,341.51 sats. XXI_20260331: bitcoin price US$68,232 to US$68,107.47; Senior Claims 12.5442% to 12.5671%; CEBE 10,981.31 to 10,978.43 sats. XXI_20260630: bitcoin price US$58,551 to US$58,566.09; Senior Claims 14.9293% to 14.9255%; CEBE 10,673.82 to 10,674.30 sats. Each row at its own bitcoin price. No CEBE mNAV point is served for XXI: the valuation chart needs three rows carrying a stock price and XXI has two, so the page shows insufficient history and no served mNAV figure moves.

Record: #A-281

Also in this correction: accrued interest left out of debt, see Accrued interest on a facility left out of debt, and a short-sale obligation left out of debt.

OranjeBTC's quarter-end rows for 31 December 2025, 31 March 2026 and 30 June 2026 were checked figure by figure against the company's own report for each period. The 30 June row matched in every figure. The 31 December row carried 3,722.3 bitcoin where the annual report states 3,722.319104, and an exchange rate of 5.75 that matched neither the site's convention nor the report; it now carries the filed holdings and the same-date bitcoin cross of 5.5185, the rate its cash and debt were already converted at. The 31 March row carried 3,723.019 bitcoin where the quarterly report states 3,723.019104, a bitcoin price of US$68,232 where the archived close is US$68,107.47, and the report's own exchange rate of 5.2194 where the site's convention is the same-date bitcoin cross; its cash had also left out R$47 thousand held in a brokerage current account. It now carries the filed holdings, the archived close and the cross of 5.1560, with cash and the real-denominated debt converted at it, and it adds two debts the report states that the row had left out: US$46,000 of interest accrued on the Maple loan and a short-sale obligation of R$2,650 thousand. Both additions follow the classification the site gives the same items on its other OranjeBTC rows. Both, and the cross of 5.1560, stand, as ruled. The 28 June 2026 row, which carries the 31 March balance, now carries the restated 31 March cash. Its debt is unchanged: the short-sale obligation was bought back during the second quarter on a date no filing states, so the row takes the 30 June value of nil, as it already does for the undated Maple draws, and accrued interest is not carried forward.

Source: OranjeBTC DFP for 31/12/2025 and ITRs for 31/03/2026 and 30/06/2026, retrieved from the CVM's ENET system (document sequences 155642, 157669 and 160730), the ITR for 30/06/2026 also from the company's investor-relations document store (sha256 aef470bf04f0d3d6); share counts from the CVM's open data on capital composition, shares issued less shares held in treasury; CoinGecko daily history, the 00:00 UTC print of the day after each balance date, for the exchange-rate cross and the archived close. Applied 2026-10-07 for 31 December and 30 June (18:40:27 UTC) and for 31 March (21:48:46 UTC); read back live 2026-10-07 at 21:54 UTC. The 28 June row applied 2026-10-07 at 22:28:06 UTC; read back live 2026-10-07 at 22:40 UTC.

OBTC3_20251231: bitcoin 3,722.3 to 3,722.319104; exchange rate 5.75 to 5.5185; Senior Claims 11.6582% to 11.6581%; CEBE 2,114.5293 to 2,114.5416 sats; historical CEBE mNAV point 0.9194x to 0.9580x. OBTC3_20260331: bitcoin 3,723.019 to 3,723.019104; bitcoin price US$68,232 to US$68,107.47; exchange rate 5.2194 to 5.1560; cash US$1,736,597 to US$1,767,067; debt US$33,000,000 to US$33,559,964; Senior Claims 13.2023% to 13.4255%; CEBE 2,081.6409 to 2,076.2896 sats; historical CEBE mNAV point 0.9523x to 0.9683x. OBTC3_20260628_R: cash US$1,736,597 to US$1,767,067; debt unchanged at US$45,150,000; Senior Claims 13.8233% to 13.8101%; CEBE 2,227.7797 to 2,228.1195 sats; historical CEBE mNAV point 1.0120x to 1.0119x. OBTC3_20260630: unchanged at Senior Claims 13.4785% and CEBE 2,236.7036 sats. Each row at its own bitcoin price.

Record: #A-293, #A-297, #A-301

DDC Enterprise's 31 March 2026 row carried a bitcoin price of US$67,960, from a fetch two days after the balance date. The convention close is CoinGecko's print for 1 April 2026, US$68,107.47, and the row now carries US$68,107, as the other companies' rows for that date do.

Source: CoinGecko history for 2026-04-01. Couriered 2026-10-11 as ddc_snapshots_mechanics_rawseries_2026-10-11.tsv, sha256 bc63d97f2fed9c02213a6e59c48abfd7ea45a40dc9a5aa6335a60df665df5321, raw filing cells with citations on every DDC quarter-end row and the running row; applied 2026-10-11 at 16:47:12 UTC; read back live at 16:49:43 UTC, all 74 cells equal.

DDC_20260331: bitcoin price US$67,960 to US$68,107. On the row's old balance sheet the price alone moves Senior Claims 72.9191% to 72.7617% and CEBE 1,457.55 to 1,466.02 sats; the row's corrected figures are stated in the constructed-rows entry of the same date. Dependent rows: 0 recomputed.

Record: #A-347

Metaplanet's rows for 31 August, 11 September and 30 September 2026 carry the 30 June 2026 balance sheet forward until the third-quarter report, and stated the 30 June yen cross, 0.0061521 dollars per yen, as their rate. The 31 August and 11 September rows converted the carried yen figures at it instead of at their own date's cross. The 30 September row runs on the net senior claims the company filed in yen, which had been converted at an unrounded rate for that date while the row stated the 30 June one. Each row now states its own date's cross, the CoinGecko 00:00 UTC print of the next day, 0.0062597, 0.0065115 and 0.0063466 dollars per yen, and the rules file converts the row's yen figures at that rate. The dollar facility stays at its dollar face on all three rows.

Source: CoinGecko daily history, the 00:00 UTC print of the day after each row's date, US dollar and yen, read 2026-10-11 (JPY per USD 159.751, 153.57504 and 157.56375). Balance sheet carried from Metaplanet H1 FY2026 kessan tanshin, TDnet 140120260812518571 (sha256 8e49df9d); net senior claims of JPY 122,374 million at 2026-09-30 from TDnet 140120261005546274. Applied 2026-10-11 at 14:37:02 UTC; read back live 2026-10-11 at 14:39:35 UTC.

Each row at its own bitcoin price, stated from the figures the earlier steps of the same write left. MTPLF_20260831_R: debt US$463,216,800 to US$464,077,600; preferred US$147,030,407 to US$149,601,963; cash US$8,225,358 to US$8,369,219; Senior Claims 17.8230% to 17.9204%; CEBE 2,626.61 to 2,623.50 sats. MTPLF_20260911_R: debt US$463,216,800 to US$466,092,000; preferred US$147,030,407 to US$155,619,787; cash US$8,225,358 to US$8,705,876; Senior Claims 18.1344% to 18.4653%; CEBE 2,580.32 to 2,569.89 sats. MTPLF_20260930: net senior claims US$776,663,414 to US$776,658,828; Senior Claims 21.1202% to 21.1201%; CEBE 2,544.03 to 2,544.04 sats; the feed and the tracker print 21.12% and 2,544 sats before and after. Dependent rows: 0 recomputed; no later row is carried from these three. Net on each row across every step of the write: MTPLF_20260831_R Senior Claims 17.7703% to 17.9204%, CEBE 2,628.29 to 2,623.50 sats; MTPLF_20260911_R 18.0808% to 18.4653%, 2,582.01 to 2,569.89 sats; MTPLF_20260930 21.1202% to 21.1201%, 2,544.03 to 2,544.04 sats.

Record: #A-328

Fifteen OranjeBTC rows built between the company's reports converted the reais part of the carried cash at the base report's exchange rate, not at the row's own. The rows from 5 July to 4 October 2026 carry the 30 June balance and the 28 June row carries the 31 March one, and each held the dollar figure of its base row, as if the reais had stayed at the rate of the base date. The site's convention converts every row's reais at that row's own same-date bitcoin cross. Each row now carries the base report's filed cash cells, R$3,454,000 in reais and US$3,584,161 in USDC for 30 June (R$9,111,000 in reais for 31 March), and converts the reais at its own rate; the dollar cash is not converted. The site's series check, which rebuilds every row between reports from its filed base, found the difference. A courier of 12 October brings the stored dollar column on the same fifteen rows, which the published read serves beside the filed cells and the company page's fallback view copies, to the same figures; no computed figure moves with it. The same courier gives the listing-day row of 7 October 2025, held from the series, its report currency and the B3 close of that date, R$24.00 in place of R$13.63.

Source: OranjeBTC ITR 2T26, Note 4, caixa e equivalentes de caixa at 30/06/2026, consolidated, IR store 01fefe91-0c8d-5a76-8d1f-a9c5f49a0a9b, sha256 aef470bf04f0d3d6: current accounts R$887 thousand, DI funds R$540 thousand, Treasury LFT R$2,027 thousand, USDC US$3,584,161 (note (e)); OranjeBTC ITR 1T26 for 31/03/2026, cash R$9,111 thousand, as verified on 2026-10-07; CoinGecko daily history, the 00:00 UTC print of the day after each row's date, for the same-date bitcoin cross; B3 COTAHIST_D07102025, OBTC3 spot, last price, for the 7 October 2025 close. Applied 2026-10-11 at 15:00:12 UTC (raw cells, every cell proved by 15:07:07 UTC, read back live at 15:16:28 UTC); the stored column couriered 2026-10-12 as obtc3_snapshots_cash_usd_restate_2026-10-12.tsv, sha256 58bc79fd0179ee5f.

Each row at its own bitcoin price, before and after. OBTC3_20260628_R: cash US$1,767,067.00 to US$1,755,897.32; Senior Claims 13.8101% to 13.8150%; CEBE 2,228.1195 to 2,227.9950 sats. OBTC3_20260705_R: cash US$4,245,581.00 to US$4,255,479.34; Senior Claims 12.2657% to 12.2617%; CEBE 2,272.7019 to 2,272.8052 sats. OBTC3_20260712_R: cash US$4,245,581.00 to US$4,254,918.76; Senior Claims 12.2097% to 12.2060%; CEBE 2,279.8716 to 2,279.9688 sats. OBTC3_20260719_R: cash US$4,245,581.00 to US$4,253,709.53; Senior Claims 12.0355% to 12.0323%; CEBE 2,345.5380 to 2,345.6237 sats. OBTC3_20260726_R: cash US$4,245,581.00 to US$4,265,235.26; Senior Claims 11.8956% to 11.8880%; CEBE 2,352.8698 to 2,353.0749 sats. OBTC3_20260802_R: cash US$4,245,581.00 to US$4,264,443.83; Senior Claims 12.1520% to 12.1444%; CEBE 2,363.9879 to 2,364.1904 sats. OBTC3_20260809_R: cash US$4,245,581.00 to US$4,262,639.82; Senior Claims 11.8855% to 11.8788%; CEBE 2,372.3596 to 2,372.5388 sats. OBTC3_20260816_R: cash US$4,245,581.00 to US$4,262,746.46; Senior Claims 12.2643% to 12.2574%; CEBE 2,362.1618 to 2,362.3479 sats. OBTC3_20260823_R: cash US$4,245,581.00 to US$4,262,746.46; Senior Claims 9.9193% to 9.9137%; CEBE 2,426.6209 to 2,426.7715 sats. OBTC3_20260830_R: cash US$4,245,581.00 to US$4,249,376.80; Senior Claims 9.9262% to 9.9249%; CEBE 2,427.7596 to 2,427.7930 sats. OBTC3_20260906_R: cash US$4,245,581.00 to US$4,257,757.35; Senior Claims 9.5961% to 9.5923%; CEBE 2,444.9973 to 2,445.1011 sats. OBTC3_20260907_R: cash US$4,245,581.00 to US$4,257,744.21; Senior Claims 9.7461% to 9.7422%; CEBE 2,507.2302 to 2,507.3384 sats. OBTC3_20260920_R: cash US$4,245,581.00 to US$4,255,871.00; Senior Claims 9.4968% to 9.4936%; CEBE 2,523.0269 to 2,523.1163 sats. OBTC3_20260927_R: cash US$4,245,581.00 to US$4,249,812.68; Senior Claims 9.1279% to 9.1267%; CEBE 2,537.7946 to 2,537.8301 sats. OBTC3_20261004_R: cash US$4,245,581.00 to US$4,245,074.49; Senior Claims 8.9126% to 8.9127%; CEBE 2,548.3137 to 2,548.3095 sats. Debt, STRC and share counts are unchanged on every row. The company page's fallback view of OBTC3_20261004_R prints cash US$4,245,581 until its next bake, then US$4,245,074.49. The 7 October 2025 row is held and serves no figure. Dependent rows: 1. The Claims Grade of 2026-09-15, struck on OBTC3_20260907_R at its grade-date close of US$75,590.24: Senior Claims at grade 10.1977% to 10.1936%, applied 2026-10-11. The letter grade struck since, on 2026-10-09 against OBTC3_20260630, reads a row this cause did not reach.

Record: #A-330, #A-335, #A-331

The Smarter Web Company's deal rows converted sterling at a rate other than the bitcoin cross for each row's own date. Thirty-three rows from 22 January to 20 July 2026 carried one rate, 1.3231, throughout; nine later rows carried another date's cross or a cross rounded to four places; and six rows from 28 September to 12 October carried no rate, so their sterling amounts were withheld. Each row now carries the cross for its own date, the CoinGecko bitcoin price in dollars over the same print in pounds at 00:00 UTC the next day.

Source: the site's dated close rail, /api/btc-close, for 31 dates, each response kept with its hash; the row dates from each row's announcement. Applied 2026-10-20.

Cash amounts in dollars at the new crosses: 16 March warrant purchase US$817,675.80 to US$825,549.82; 9 April warrant purchase US$11,610,202.50 to US$11,807,638.06; 7 May direct subscription US$664,241.19 to US$680,559.81; 1 June warrant exercises US$620,619.90 to US$631,058.30; 3 August warrant exercises US$96,966.56 to US$96,501.77; 28 September and 12 October warrant exercises, withheld to US$24,851.49 and US$87,515.24; the 12 October preferred issue's stated net proceeds, withheld to US$11,041,501.52; the 12 October preferred issue's face, withheld to US$14,699,765.57; the 1 October repayment minus US$2,466,801.85 to minus US$2,453,206.50. Senior Claims %, CEBE and the snapshot rows do not read deal rows. Dependent rows: 0 recomputed.

Record: #A-588, applied 2026-10-20 13:20:00 UTC, RULINGS_2026-10-20-g

Thirteen Capital B deal rows from 13 April to 1 June 2026 converted euros to dollars at a flat rate rounded to two decimals, 1.14 in April and 1.17 in May and June, where the site's convention is each date's own bitcoin cross. Every other Capital B deal row carries its date's cross. Each of the thirteen now carries the cross of its own date.

Source: the site's dated close rail, /api/btc-close, the CoinGecko 00:00 UTC print of the day after each date in dollars and in euros, captured 14 October 2026: 13 April 1.1798, 20 April 1.1744, 27 April 1.1718, 4 May 1.1716, 18 May 1.1609, 1 June 1.1621. Applied 2026-10-20.

Net proceeds in dollars, before and after: ALCPB-2026-04-13-01 $395,548 to $409,358; ALCPB-2026-04-20-01 $254,823 to $262,512; ALCPB-2026-04-27-01 $507,004 to $521,146; ALCPB-2026-05-18-02 $999,502 to $991,728; ALCPB-2026-05-18-03 $17,790,595 to $17,652,224; ALCPB-2026-05-18-04 $1,287,000 to $1,276,990; ALCPB-2026-06-01-02 $284,106 to $282,188. Bitcoin price in dollars: ALCPB-2026-04-13-02 $69,417 to $71,840; ALCPB-2026-04-20-02 $71,330 to $73,482; ALCPB-2026-04-27-02 $76,324 to $78,453; ALCPB-2026-05-18-01 $79,403 to $78,786; ALCPB-2026-06-01-01 $76,037 to $75,524. In all, net proceeds $21,518,578 to $21,396,146. The euro figures and the snapshot rows do not move, so Senior Claims % and CEBE do not. Rows changed: 13.

Record: #A-594, applied 2026-10-20 19:10:05 UTC, RULINGS_2026-10-20-g

Two Capital B snapshot rows, 30 June 2025 and 30 September 2025, converted their euro debt and cash to dollars at 1.09 and 1.12, rates no cited filing states and well below the market for those dates. The convention's bitcoin cross in euros cannot be read for dates that old, so each row now converts at the European Central Bank's euro reference rate for its own date, and its bitcoin price stays the dollar close.

Source: ECB euro reference exchange rate, US dollar per euro, series EXR.D.USD.EUR.SP00.A, as published by the ECB and its Data Portal and downloaded 21 October 2026: 30 June 2025 1.1720, 30 September 2025 1.1741. Bitcoin prices: the CoinGecko dollar close of each date, unchanged. Applied 2026-10-21.

Before and after. 30 June 2025: Senior Claims 77.69% to 78.16%, CEBE 2,951 to 2,889 sats; debt $13,658,954 to $14,686,508, cash $1,668,790 to $1,794,332. 30 September 2025: Senior Claims 44.99% to 45.03%, CEBE 7,202 to 7,198 sats; debt $14,070,143 to $14,749,782, cash $11,703,242 to $12,268,550. The latest row does not move. Rows changed: 2.

Record: #A-601, applied 2026-10-21 15:12:16 UTC, RULINGS_2026-10-21, RULINGS_2026-10-20-g

Also in this correction: the 30 June 2026 row's bitcoin price set to the price the filing states, later reversed under the site convention; see Bitcoin price and exchange rate off the site convention.

Nakamoto's cash on its two 2026 quarter-end rows left out the USDT and USDC its 10-Qs carry at fair value outside cash and cash equivalents. Stablecoins count as cash, so both rows now include them, which puts the opening and closing quarters on one basis. The 30 June row's BTC price was also the convention close rather than the price the second-quarter 10-Q itself states for that date; where a filing states the price, the filing wins, and the row now carries $58,532 and cites the 10-Q page by page.

Source: Nakamoto Q1 2026 10-Q, acc 0001493152-26-022777, Note 4 (USDT 136 thousand at fair value, no USDC) and balance sheet (cash 35,300 thousand); Q2 2026 10-Q, acc 0001493152-26-037603, Note 4, page 16 (USDT 227 and USDC 23 thousand at fair value), balance sheet page 2 (cash 19,072 thousand) and MD&A page 36 (Bitcoin price of $58,532 on June 30, 2026). Applied: 30 June cash 2026-10-03 at 18:29:31 UTC; 31 March cash 2026-10-04 at 03:19:23 UTC and the 30 June price at 03:27:12 UTC.

NAKA_20260331 at $68,220: cash US$35,300,000 to US$35,436,000; Senior Claims 50.5694% to 50.5300%; CEBE 13,320 to 13,330 sats. NAKA_20260630: cash US$19,072,000 to US$19,322,000 at $58,566, Senior Claims 55.7798% to 55.6843%, CEBE 10,403 to 10,426 sats; then the price $58,566 to $58,532, Senior Claims 55.6843% to 55.7166%, CEBE 10,426 to 10,418 sats. Net on the 30 June row: 10,403 to 10,418 sats.

Record: #A-231, #A-233, #A-234

Metaplanet's row for 31 December 2025 carried cash of JPY 2,552 million, its cash and deposits, without the USDC the annual report carries outside cash and cash equivalents, JPY 14,892 million, stated there as US$95,123,061. USDC had been counted as cash on the 2026 rows and not carried back to this one. The row now carries the USDC at its stated dollar figure beside the yen cash. The 2026 rows already included it, at the yen figure their reports state.

Source: Metaplanet FY2025 kessan tanshin, TDnet 140120260216563366 (sha256 78670c66), pages 13 to 14 (cash and deposits JPY 2,552 million; USDC JPY 14,892 million); Annual Securities Report for FY2025, EDINET S100XTWY (sha256 27f52025), USDC at US$95,123,061. Applied 2026-10-11 at 14:37:02 UTC; read back live 2026-10-11 at 14:39:35 UTC.

MTPLF_20251231 at the row's own bitcoin price of US$87,575.05, stated from the figures the quarter-end cells step of the same write left: cash US$16,269,000 to US$111,392,061; Senior Claims 13.4578% to 10.3634%; CEBE 2,659.50 to 2,754.59 sats. Dependent rows: 0 recomputed; the next row, 31 March 2026, carries its own filed balance sheet.

Record: #A-328

Metaplanet's served cash was overstated on its 2026-08-31 and 2026-09-11 rows. Those rows are constructed between filed balance sheets, and the construction added the post-period proceeds of the 10th Series without the JPY 2,100 million Siiibo payment of 2026-07-13, so only one side of the period's cash flows was applied. Both rows now carry the last filed balance, JPY 1,087 million of cash and deposits plus JPY 250 million of USDC at the 30 June rate of JPY 162.546875 to the dollar, unchanged until the third-quarter report files a new balance. A constructed row now applies both sides of every filed flow since the balance date or none of them, and carries the balance forward by default. Reported by @vk981000.

Source: TDnet 140120260812518571 and EDINET S100YWMP, page 32, the 30 June 2026 balance sheet.

Old: cash $13,320,711 on the 2026-09-11 row ($12,164,614 on 2026-08-31), Senior Claims 17.93%, CEBE 2,587 sats. New: cash $8,225,320 on both rows, VERIFIED, Senior Claims 18.08%, CEBE 2,582 sats, at the 2026-09-11 BTC price of $77,204.

Four OranjeBTC rows built on the 30 June 2026 balance sheet carried the third debenture's US$40,528,022.23 principal, settled 2026-08-31, as debt without the cash it raised. A row constructed between filed balance sheets may apply both sides of every filed flow since the balance date or none of them, and it carries the balance forward by default. Both sides could not be applied here: the second-quarter ITR, Note 14, names the second-quarter Maple draws a bridge to this debenture, and no filing states when or how much of that bridge was repaid. The four rows therefore carry the 30 June debt of US$52,973,000 and cash of US$4,245,581 until the third-quarter ITR files a new balance sheet. The third debenture itself is outstanding: R$210,000,000 in two series (R$130,000,000 and R$80,000,000), settled 2026-08-31 and maturing 2031-01-03, with no redemption, amortization or repayment in any later filing. Its proceeds are filed in the same settlement notice. Under the rule for constructed rows both sides apply or neither, and net senior claims are identical under both, so the rows carry neither and the debenture is not in the US$52,973,000. The debt of US$93,501,022 these rows served until the morning of 2026-10-03 was the one-sided construction, and it was withdrawn that day. The issuer's dashboard shows the bridge repaid on 2026-09-05; that repayment is unfiled and does not enter until the third-quarter ITR. The settlement notice states the debenture at US$40,528,022.23 (R$210,000,000 at that day's rate, 5.1816); the US$42,059,725 recorded at signing is the same R$210,000,000 at the signing-date rate of 4.9929, not a larger issue. @BRunner2040 described the restatement correctly.

Source: OranjeBTC ITR 2T26, Note 14 and the subsequent-events note; the debenture settlement notice of 2026-08-31. Carried debt US$52,973,000: Maple principal USDC 45,150 thousand (ITR 2T26 Note 14, page 48, Empréstimo Maple) plus Marex margin USD 7,823 thousand (Note 4(d), page 38), ITR of 30/06/2026. Debenture: Comunicado ao Mercado of 31/08/2026, Liquidação da 3ª Emissão de Debêntures, OranjeBTC IR store 61644286-f54d-10dc-d108-76c6d1dcbaae, sha256 8278152392ea637f. The one-sided figures served from 2026-09-25 20:41:25 UTC on OBTC3_20260920_R, from 2026-09-28 13:59:36 UTC on OBTC3_20260906_R and OBTC3_20260907_R, from 2026-09-28 13:59:58 UTC on OBTC3_20260927_R and from 2026-09-30 18:43:57 UTC for claims at grade, until the restatement applied on 2026-10-03 at 14:59:12 UTC (claims at grade 14:59:31 UTC).

Each row at its own BTC price, served then corrected. OBTC3_20260906_R at $80,329: Senior Claims 22.3689% to 9.5961%, CEBE 2,099.5536 to 2,444.9973 sats. OBTC3_20260907_R at $79,093: 22.7185% to 9.7461%, 2,146.8604 to 2,507.2302 sats. OBTC3_20260920_R at $81,169: 22.1374% to 9.4968%, 2,170.6348 to 2,523.0269 sats. OBTC3_20260927_R at $84,449: 21.2776% to 9.1279%, 2,198.4899 to 2,537.7946 sats. Claims at grade, 2026-09-15 close of $75,590.24: 23.7712% to 10.1977%.

Record: #A-230

DDC Enterprise files a balance sheet twice a year, so its 30 September 2025 and 31 March 2026 rows are built between filed balance sheets. The 30 September 2025 row served debt and cash of zero, figures no filing states, and so served Senior Claims of 0% while the Anson note was outstanding. It now carries the 30 June 2025 balance sheet forward, plus the Anson note issued on 1 July 2025 at its principal of US$26,315,789, whose proceeds bought bitcoin the row already counts, so the flow sits on both sides. The 31 March 2026 row carried cash at zero as a floor and debt that predated two corrections. It now carries the audited 31 December 2025 balance sheet forward whole. The repayment of the pledged loans and the conversion of the preferred both fall in the half-year with no filed date, so neither is applied, and the share count leaves out the conversion shares to match.

Source: H1 2025 Form 6-K, accession 0001213900-25-084261 (sha256 67976e67454b7db39d466a6912337267c88f06fab531fc2736c05fa2d9601094), Ex.99.1 balance sheet; securities purchase agreement Section 2.1, Form 6-K accession 0001213900-25-063293 Ex.10.1 (sha256 3552ec2015b78685539867dae79562cb7276005b7d1105843c1ee4d1fffe0fd3); FY2025 Form 20-F, accession 0001213900-26-045881 (complete submission sha256 2eaebd66d96307f2df077d21c4727ee4db037cd6386eb7392c1f64453d725bba); H1 2026 Form 6-K, accession 0001213900-26-096455 (sha256 8f0fe4a1dc6863d845b2c6307ce122915a43e037d748048d1f445a3a275430f1); Form 6-K accession 0001213900-26-046214 (conversion notices of 2026-03-25 and 2026-04-08). Couriered 2026-10-11 as ddc_snapshots_mechanics_rawseries_2026-10-11.tsv, sha256 bc63d97f2fed9c02213a6e59c48abfd7ea45a40dc9a5aa6335a60df665df5321, raw filing cells with citations on every DDC quarter-end row and the running row; applied 2026-10-11 at 16:47:12 UTC; read back live at 16:49:43 UTC, all 74 cells equal. The accrued interest came off the 31 March carry as ddc_snapshots_mechanics_accrued_off_carry_2026-10-11.tsv, sha256 97cbb06e8b372faee12e863f653e588d56a74efcf6dcebe37d46ffd92c2fefd4, applied 2026-10-12 at 04:44 UTC; read back live at 04:44:38 UTC.

DDC_20250930 at the row's bitcoin price of US$114,088: debt US$0 to US$46,693,224; cash US$0 to US$25,087,024; Senior Claims 0.0000% to 17.9000%; CEBE 10,580.85 to 8,686.88 sats. DDC_20260331 at US$68,107, with the shares and price of the row-date and price entries of the same date and its 2,383 bitcoin unchanged: debt US$85,291,473 to US$94,678,067 on 11 October at 16:47 UTC, then to US$92,734,843 on 12 October at 04:44 UTC when the 31 December accrued interest came off the carried row; cash US$0 to US$21,667,289; preferred US$32,800,000 unchanged; Senior Claims 72.9191% to 65.1950%, then 63.9977%; CEBE 1,457.55 to 2,887.59, then 2,986.93 sats. Neither row scores on a quarterly card. Dependent rows: 0 recomputed; both rows are the dependents of the 30 June 2025 and 31 December 2025 corrections.

Record: #A-347

DDC Enterprise's running row carried the 31 December 2025 balance sheet forward, including the US$50,980,369 of loans pledged by bitcoin, and served Senior Claims of 35.9491% from 1 September. The half-year report filed on 2 September states those loans were repaid in the first half of 2026, so the row took the 30 June 2026 balance sheet that day: debt, cash and shares from the filing in place of the carried figures. These moves were applied in September and are entered here on 2026-10-11, when Code's corrections-against-live audit found them served with no entry.

Source: H1 2026 Form 6-K, accession 0001213900-26-096455, Ex.99.1 balance sheet and the statement that the US$51.0 million pledged loans were repaid. Applied 2026-09-02 as ddc_snapshots_2026-09-02_C_running.tsv (a137e39c) and named in the changelog line of 2026-09-03T15:45Z.

DDC_20260703_R, then dated 2026-07-03, at US$62,554: debt US$85,291,473 to US$34,010,080; cash US$20,100,000 to US$19,801,179; shares 47,569,000 to 45,627,607; Senior Claims 35.9491% to 7.8353%; CEBE 3,903.46 to 5,855.78 sats. Dependent rows: 0 recomputed; the 31 March 2026 row kept the December balance under its own ruling until 2026-10-11.

Record: #A-121

The one-sided debt of US$93,501,022.23 that OranjeBTC's constructed rows served from 2026-09-25 to 2026-10-03 also reached three surfaces the 2026-10-03 section does not list: the static block on the company page and the comparison table, which are baked from the latest row and committed, and the public feed, which served the latest row's figures while they stood. Each is stated below with what it printed. The 2026-10-03 section also left one question open, and it is answered here: no filing checked states that the third debenture's proceeds retired the Maple draws of the second quarter. The settlement notice of 31 August 2026 states that R$210,000,000 of debentures were subscribed and paid in, that the principal converts at that day's PTAX selling rate to US$40,528,022.23, and that the net proceeds went mostly to buying bitcoin, and also to buying back the company's own shares and to operating costs and expenses; it names no repayment of the Maple facility. The second-quarter ITR, Note 14, says the Maple draws of the quarter, USDC 35,150 thousand, act as a bridge loan until the third debenture settles, and Note 24.1 says the company took short-term borrowings to anticipate the issue's proceeds; neither note states that the bridge was or would be repaid from them, and no filing from 31 August to 12 October 2026 states a repayment. So the constructed rows carry neither side of the debenture, and debt stays at the 30 June figure of US$52,973,000 until the third-quarter ITR files a new balance sheet.

Source: Comunicado ao Mercado of 31/08/2026, Liquidação da 3ª Emissão de Debêntures, OranjeBTC IR store 61644286-f54d-10dc-d108-76c6d1dcbaae, sha256 8278152392ea637f; OranjeBTC ITR 2T26, Notes 14 and 24.1, IR store 01fefe91-0c8d-5a76-8d1f-a9c5f49a0a9b, sha256 aef470bf04f0d3d6. Filings read for a repayment and stating none: the Fato Relevante of 06/09/2026 (af266ddb), the weekly Comunicados ao Mercado of 07/09 (9f6713a0), 20/09 (a1bc659f), 27/09 (21b90006) and 04/10/2026 (254512b8, and its English version 19d44e2f), the Comunicado of 06/10/2026 (11ff6cef), the monthly report of the company's own share trades for September 2026, filed 10/10/2026 (2e844b69), and the notices of 09/10 and 12/10/2026 on a shareholder's disposal (74c26d31, 0cb0ecf2), all re-read 2026-10-12. Bake times are the merges to main of the static-block commits: 2026-09-25 at 21:06 UTC, 2026-09-28 at 14:14 UTC and 2026-10-03 at 17:02 UTC.

Company page static block and comparison table, each baked from the latest OBTC3 row. From 2026-09-25: OBTC3_20260920_R, debt US$93,501,022.23, Senior Claims 22.1%, CEBE 2,171 sats. From 2026-09-28: OBTC3_20260927_R, debt US$93,501,022.23, Senior Claims 21.3%, CEBE 2,198 sats. From 2026-10-03: OBTC3_20260927_R, debt US$52,973,000, Senior Claims 9.1%, CEBE 2,538 sats. The public feed served OBTC3_20260920_R and then OBTC3_20260927_R as the latest row at the figures the 2026-10-03 section states, until the restatement applied on 2026-10-03 at 14:59:12 UTC. Served today, under rules version 2026-10-11.2 and after the carried cash was converted at each row's own rate: OBTC3_20260920_R at $81,169, debt US$52,973,000, Senior Claims 9.4936%, CEBE 2,523.1163 sats; OBTC3_20260927_R at $84,449, Senior Claims 9.1267%, CEBE 2,537.8301 sats. No panel carried the one-sided figures; the 2026-09-20 panel handoff never rendered while they stood. Dependent rows: 0 further.

The claims assembly read an absent input as a zero. A blank cell and a filed zero are different facts: a filed 0 says the company has no debt, and a blank says nobody has filed the debt yet. The shared reader coerced both with the same expression, so a row awaiting a figure contributed nothing to Net Senior Claims and rendered as though the figure were known to be nil. Capital B is the instance. Its 2026-09-07 row carried blank debt_usd, blank cash_usd and a blank btc_price alongside the post-split re-key, and the coercion dropped $4,775,026 of debt against $4,029,310 of cash, the two figures the 2026-09-02 row carries. Senior Claims % served 22.15 where the same row with both cells filed gives 22.42, and CEBE served 7,166 sats where it gives 7,141 at the row's convention close of $79,093, filled since. Both errors run in the direction that flatters the issuer. The reader now withholds the figure and names the missing cell rather than computing across it, and the surfaces render "n/a, row incomplete" with the reason. A filed zero is unaffected and still computes, as are the two columns whose blank means none, strc_holdings_usd and btc_claim_static, each of which has carried its own absent-is-not-zero reader since an earlier incident. The same admission test refuses a row with no usable Bitcoin price, which previously dropped the entire fiat leg and served the BTC-denominated claim alone as though it were the whole stack.

Source: Snapshots tab, ALCPB_20260907_R (btc_holdings 3,521; debt_usd blank; preferred_usd 0; cash_usd blank; btc_claim_static 779.95; btc_price blank) against ALCPB_20260902_R (debt_usd 4,775,026; cash_usd 4,029,310), both as served 2026-09-08.

One row of the 87 on the tab trips the rule today and it is Capital B's latest, so Capital B is the only company whose served figures move. Served wrong from 2026-09-08, bounded by observation rather than asserted: /api/v1 served the 2026-09-02 row at 11:35 UTC and the blank 2026-09-07 row at 12:09 UTC. The window closes when the corrected reader ships with this entry. No other company's figures change, and no historical row is affected.

Also in this correction: a bitcoin price that was not a close, see Bitcoin price and exchange rate off the site convention.

Four OranjeBTC snapshot rows are restated, and two missing weekly rows are added. The 7 October 2025 row carried cash of zero, a figure no filing states, because no balance sheet exists before 31 December 2025; its cash is now blank and the row is withheld from the published series. The 31 December 2025 row now carries the year-end balance sheet, with the Note 12 items in debt. The 28 June 2026 row priced bitcoin at US$66,233, the issuer's weekly average purchase price, which is not a close; it now carries the convention close, and its debt carries the convertible's settlement and the Maple bridge draws with both legs on the dates the filings give them. The 5 and 12 July 2026 rows, missing until now, are added on the carried 30 June balance.

Source: OranjeBTC balance sheet at 31/12/2025 and ITR 2T26; Comunicados ao Mercado of 14/06/2026 and 28/06/2026; CoinGecko daily history for the convention close. Applied for 28 June, 5 and 12 July, 31 December and 7 October (2026-10-06 at 23:19:19 UTC); all rows read back live 2026-10-06 at 23:29 UTC.

OBTC3_20251007_R: cash US$0 to not stated; the row served Senior Claims 5.1526% and CEBE 2,245.5271 sats at US$121,463 and is now withheld from the series. OBTC3_20251231: debt US$23,000,000 to US$23,974,359; cash US$0 to US$3,485,911 (R$19,237 thousand at 5.5185); Senior Claims 12.4287% to 11.6582%; CEBE 2,096.0877 to 2,114.5293 sats. OBTC3_20260628_R: bitcoin price US$66,233 to US$59,495, the convention close of 59,494.61; debt US$45,200,000 to US$45,150,000; Senior Claims 12.4364% to 13.8233%; CEBE 2,263.6327 to 2,227.7797 sats. Added: OBTC3_20260705_R at Senior Claims 12.2657% and CEBE 2,272.7019 sats; OBTC3_20260712_R at 12.2097% and 2,279.8716 sats. Each row at its own bitcoin price.

Record: #A-246, #A-248, #A-249, #A-269

Also in this correction: debt at face, the July 2025 senior secured convertible note moved from its carrying value to its face; see Debt not carried at face.

DDC Enterprise's Senior Claims % was understated, on a debt figure of $31,323,579 where the correct figure for the same balance-sheet date is $85,291,473. The claims stack omitted a Bitcoin-collateralized borrowing of $50,980,369, being RMB 356,510,817 at the filing's 6.9931 convenience rate, secured on 601 Bitcoin pledged to third-party creditors. The issuer filed it under accrued expenses and other current liabilities rather than under borrowings, and the tracker's construction read the borrowings captions. A second and much smaller component moved the July 2025 senior secured convertible note from its amortized carrying value of $19,662,475 to its face of $22,650,000, bringing DDC into line with the standing rule that senior claims are carried at face. Corrected Senior Claims %: 2025-12-31 reads 100.00% against 58.98% served, 2026-03-31 reads 72.92% against 39.59%, and the running 2026-07-03 basis reads 35.95% against 6.19%. At the 2025-12-31 balance-sheet date the corrected senior claims exceed the Bitcoin treasury, so Claims % pins at 100.00% against an uncapped 111.07% and common equity Bitcoin exposure at that date is negative. The pledge carries a release gate at a loan-to-value ratio of 60 percent and no maintenance covenant behind it, so a decline in Bitcoin locks the collateral in rather than forcing a sale; nothing here describes a liquidation trigger. Two rulings now stand for this issuer: senior claims are carried at face and never at carrying value, and a senior claim counts wherever the issuer files it, so liability notes are read for borrowings rather than the borrowings caption alone.

Source: FY2025 Form 20-F, accession 0001213900-26-045881, filed 2026-04-21, Note 15 cross-referenced from Note 12 footnote (ii). Release condition per the SPA, accession 0001213900-25-063293.

Served wrong from 2026-04-21 to 2026-09-01, 133 days. The period runs from the date the correcting disclosure became public, not from the date the figure first became wrong.

DDC Enterprise's 30 June 2025 row carried debt of US$10,387,703: its short-term bank borrowings and its convertible loans. The balance sheet at that date also carries shareholder loans of US$9,215,711, long-term bank borrowings of US$701,302 across the current and non-current portions, US$68,553 due to related parties and a finance lease of US$4,166. The issuer's own Form F-1 states its indebtedness at that date as US$20,373,269, the same lines less the lease. The row now carries US$20,377,435. Loans repayable on demand sit inside accrued expenses with no breakdown at that date, so the figure is a floor.

Source: H1 2025 Form 6-K, accession 0001213900-25-084261 (sha256 67976e67454b7db39d466a6912337267c88f06fab531fc2736c05fa2d9601094), Ex.99.1 balance sheet; Form F-1 accession 0001213900-26-004713 (sha256 e9b38004a72b5df3d0d61a01c8ed2bc6be6a6efc99c031d0469c3a8d08b415f9), indebtedness at 2025-06-30. Couriered 2026-10-11 as ddc_snapshots_mechanics_rawseries_2026-10-11.tsv, sha256 bc63d97f2fed9c02213a6e59c48abfd7ea45a40dc9a5aa6335a60df665df5321, raw filing cells with citations on every DDC quarter-end row and the running row; applied 2026-10-11 at 16:47:12 UTC; read back live at 16:49:43 UTC, all 74 cells equal.

DDC_20250630 at the row's bitcoin price of US$107,289, with the short-term investments of the conventions entry of the same date: debt US$10,387,703 to US$20,377,435; cash US$6,752,917 to US$25,087,024; Senior Claims 24.5496% to 0.0000%, the row now net cash; CEBE 1,253.33 to 1,661.13 sats. Dependent rows: 1 recomputed, DDC_20250930, which carries this balance sheet forward and is stated in the constructed-rows entry of the same date.

Record: #A-347

Two more borrowings were missing from DDC Enterprise's 31 December 2025 row after the 1 September correction. Note 15 of the annual report also carries loans from employees, individuals and third parties, US$4,960,643 repayable on demand, under the same accrued-expenses caption that had hidden the pledged loans; they entered on 3 September. The balance due to related parties, US$1,166,938 at 31 December 2025 and US$797,867 at 30 June 2026, is a borrowing with no filed split between principal and interest, so the full balance entered both rows on 8 September under the fleet perimeter ruling of 7 September. These moves were applied in September and are entered here on 2026-10-11, when Code's corrections-against-live audit found them served with no entry.

Source: FY2025 Form 20-F, accession 0001213900-26-045881, Note 15 and the balance sheet; H1 2026 Form 6-K, accession 0001213900-26-096455, Ex.99.1. Applied 2026-09-02 to 2026-09-03 as ddc_snapshots_2026-09-03_sweep3_dec31.tsv (93cc7ce4) and named in the changelog line of 2026-09-03T15:45Z; and 2026-09-08 as ddc_snapshots_2026-09-07_r0912_perimeter.tsv (1c72d504), changelog 2026-09-08T15:08Z.

DDC_20251231 at US$87,575: debt US$85,291,473 to US$90,252,116 on 3 September, Senior Claims 93.2301% to 98.0264%, CEBE 343.42 to 100.12 sats; then to US$91,419,054 on 8 September, Senior Claims 99.1547%, CEBE 42.88 sats. DDC_20260703_R, then dated 2026-07-03, at US$62,554: debt US$34,010,080 to US$34,807,947 on 8 September, Senior Claims 7.8353% to 8.2753%, CEBE 5,855.78 to 5,827.83 sats. Dependent rows: 1 recomputed, DDC_20260331, which carried the December debt and was restated on 2026-10-11 in the constructed-rows entry.

Record: #A-121