Corrections

The Q2 2026 results refute the STRC stub-week finding. The audit figure fell short by 2,275,613 shares and implied a EURUSD rate of 1.4345 against an actual 1.14133 on June 30. The dashboard figure was correct, and the forward test staked in the piece resolved against its own prediction.

Correction and update log. The original 10.6x preferred-event ratio came from a 64-week synthetic dataset whose inputs could not be reproduced. The dataset was rebuilt from verified 8-K filings on 2026-04-27, the Q1 2026 debt and cash anchors were corrected on 2026-06-07, and the series was extended to 66 weeks on 2026-07-01.

Methodology page batch, five additions. An independence credential added to data standards, no CEBE figure depends on any issuer-defined metric; the cash netting rule stated beside the Net Senior Claims definition; the numéraire stated as a convention rather than a uniquely valid frame; a claims-scope note; and the accompanying basis, the criterion-7 sweep run 2026-08-02, verdict clean.

Two rulings land as page text. Ruling 2.1 names and holds apart three share-count constructions: basic shares outstanding, market-convention fully diluted, and the moneyness-partitioned construction an issuer published in July 2026. The comparison column stays on the all-dilutives convention deliberately, as the harsher of the two. Ruling 2.2, retirement conditionality, ships as a new crossover section on the retirement page.

Adjusted Claims % specification amended to v1.1 following an implementation review, with seven clarifications. None changes a computed construction.

Section 3.3's external-review credit corrected to Valentin Kosanovic. The surname was misattributed at initial publication. The credited review and the mark rule are unchanged.

Senior claims corrected, and the static BTC claim given one reader. A filing-true reported zero in btc_claim_static was read as an empty column and replaced by a fallback override, so a settled claim kept being counted.

Break-Even BTC Price definition corrected. The glossary had defined it through a market-parity construction. Break-Even is computed as Net Senior Claims (USD) / Total BTC, a balance-sheet level independent of the stock price.

Zero floor moved from the fiat bucket to the total. The published formula and the serving code disagreed for issuers holding both BTC-indexed claims and surplus cash, because the code discarded the cash surplus.