Reconciliation Ledger
Every reconciliation of a Bitcoin Treasury Tracker value against a primary source — corrections and removals, published with before/after values, the reason, and the filing that settled it. Corrections to the Strategy 1M BTC tracker's data are recorded here too, tagged with the tool.
Getting corporate Bitcoin holdings right means reconciling them in public. When a tracker value is found to differ from what an issuer actually filed, the filed figure is adopted, the dataset is corrected, and the reconciliation is recorded here — 46 value corrections and 18 removals to date, most recently on October 22, 2026 CDT. Sources are SEC EDGAR filings or the issuer's own investor-relations publications, never third-party estimates. How values are sourced and when a correction is warranted is documented in the methodology.
- Corrections issued
- 46 all with primary-source citation; 20 for the Strategy 1M BTC tracker
- Removals
- 18 exclusion registry, build-enforced
- Median row-age at correction
- 55d median age of the corrected figure's as-of date on the day the correction published (Treasury Tracker entries)
- Cited-row coverage
- 92.0% 46 of 50 published rows carry a per-row citation (51 of 181 tracked)
- Since last entry
- 4d last reconciled October 22, 2026 CDT
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Dates are shown in America/Chicago time; hover a date for the UTC instant. Entries are ordered by their UTC record time.
Value corrections
By tool: Bitcoin Treasury Tracker (26) · Strategy 1M BTC tracker (20)
as of 2020-09-14
The Sep 14, 2020 purchase-history row carried a running average purchase price of $11,035.995 in the page’s data (served in the page’s HTML; not displayed). No filing states it: it is the plain mean of the Aug 10 and Sep 14 rows’ per-purchase prices ($11,652.84 and $10,419.15), not an average cost of the bitcoin held. The row’s source, the 8-K filed September 15, 2020, states that the company held 38,250 bitcoins acquired at an aggregate purchase price of $425 million, and states no average. The row now carries no running average. Its displayed BTC acquired, cost and holdings (16,796 BTC for $175 million; 38,250 held) are unchanged and match the 8-K.
as of 2020-12-04
The Dec 4, 2020 purchase-history row carried a running average purchase price of $13,832.997 in the page’s data (served in the page’s HTML; not displayed). No filing states it: it is the plain mean of the Aug 10, Sep 14 and Dec 4 rows’ per-purchase prices ($11,652.84, $10,419.15 and $19,427), not an average cost of the bitcoin held. The row’s source, the 8-K filed December 4, 2020, states that the company held approximately 40,824 bitcoins acquired at an aggregate purchase price of $475.0 million, and states no average for those holdings. The row now carries no running average. Its displayed figures (2,574 BTC for $50.0 million at about $19,427 each; 40,824 held) are unchanged and match the 8-K.
as of 2020-08-10
The Aug 10, 2020 purchase-history row carried a running average purchase price of $11,652.84 in the page’s data (served in the page’s HTML; not displayed). No filing states it: it is the row’s $250 million cost divided by its 21,454 bitcoins. The row’s source, the 8-K filed August 11, 2020, and the press release attached to it state that the company purchased 21,454 bitcoins at an aggregate purchase price of $250 million, and state no average. The row now carries no running average. Its displayed BTC acquired, cost and holdings (21,454 BTC for $250 million; 21,454 held) are unchanged and match the 8-K.
$2,465,000,000 $2,460,000,000 as of 2025-07-29
The Jul 29, 2025 purchase-history row showed 21,021 BTC bought for $2,465.0 million. Its source, Exhibit 99.1 to the 8-K filed July 29, 2025, states the 21,021 bitcoins and an average purchase price of approximately $117,256, but no cost. The 8-K filed August 4, 2025 states the same purchase (July 28 to August 3, 2025: 21,021 BTC for $2.46 billion at $117,256). The row now shows $2,460.0 million, the 8-K’s $2.46 billion at the precision it states, and cites that 8-K for the cost. One figure computed from stated purchases changes: Q3 2025’s average purchase price in the quarterly table, from $115,962.63 to $115,845.55.
46,076 46,080 as of 2025-07-29
The Jul 29, 2025 purchase-history row carried a total cost of the holdings of $46,076 million in the page’s data (served in the page’s HTML; not displayed). Its source, Exhibit 99.1 to the 8-K filed July 29, 2025, states approximately $46.8 billion for the 628,791 bitcoins held. The 8-K filed August 4, 2025 states $46.08 billion and an average purchase price of $73,277 for the same 628,791 bitcoins as of August 3, 2025; 628,791 bitcoins at $73,277 reconcile with $46.08 billion, while 628,791 at the exhibit’s $73,227 do not reconcile with $46.8 billion. The row now carries $46,080 million, the 8-K’s $46.08 billion at the precision it states, and cites that 8-K for it and for the $73,277 average cost of the holdings it already carried.
as of 2020-08-10
The Aug 10, 2020 purchase-history row showed an average price of $11,652.84 per bitcoin. No filing states it: it is the row’s $250 million cost divided by its 21,454 bitcoins. The 8-K filed August 11, 2020 and the press release attached to it state that the company purchased 21,454 bitcoins at an aggregate purchase price of $250 million, and state no average. The row now shows no average price. Its BTC acquired, cost and holdings (21,454 BTC for $250 million; 21,454 held) are unchanged and match the 8-K.
as of 2020-09-14
The Sep 14, 2020 purchase-history row showed an average price of $10,419.15 per bitcoin. No filing states it: it is the row’s $175 million cost divided by its 16,796 bitcoins. The 8-K filed September 15, 2020 states that the company acquired 16,796 additional bitcoins at an aggregate purchase price of $175 million and held 38,250 bitcoins acquired at an aggregate purchase price of $425 million, and states no average. The row now shows no average price. Its BTC acquired, cost and holdings (16,796 BTC for $175 million; 38,250 held) are unchanged and match the 8-K.
$5,000,000 $5,300,000 as of 2023-11-01
The Nov 1, 2023 purchase-history row showed 155 BTC bought for $5.0 million and cited no source. The 10-Q filed November 1, 2023 states that since September 30, 2023 the company purchased approximately 155 bitcoins for $5.3 million, or approximately $34,495 per bitcoin, and that as of October 31, 2023 it held approximately 158,400 bitcoins acquired at an average purchase price of approximately $29,586. The row now shows $5.3 million and cites that 10-Q; its BTC acquired, average price, holdings and average cost of the holdings are unchanged and match it. One figure computed from stated purchases changes: Q4 2023’s average purchase price in the quarterly table, from $39,281.67 to $39,291.38.
July 30, 2026 July 31, 2026 as of 2026-07-31
The row's holdings as-of date was July 30, 2026, the time the release was posted to the issuer's news feed. The release is dated July 31, 2026 (“VANCOUVER, British Columbia – July 31, 2026”) and states “As of the date of this news release, the Company holds 424 Bitcoin (BTC)”. The row now carries July 31, 2026; its 424 BTC is unchanged.
Neptune Digital Assets press release (third-quarter 2026 results)
334 BTC 63.7 BTC as of 2026-09-30
Corrected to the issuer's own filing. The tracker served 334 BTC, an uncited legacy value carried under the old LMFA ticker. LM Funding America renamed itself PowerCompute, Inc. (Nasdaq: PWCM) effective 2026-07-22; its September 2026 operational update (8-K Ex 99.1 filed 2026-10-08) states “Bitcoin held decreased to 63.7 BTC at September 30, 2026 from 323.02 BTC at August 31, 2026” after it applied 267.4 BTC to repay its Arch credit facility in full. The row now sits below the published cut.
105,084 BTC 105,085 BTC as of 2021-06-21
The Jun 21, 2021 purchase-history row showed total holdings of 105,084 BTC, the figure Strategy’s purchase page lists. No filing or Strategy announcement states 105,084. Strategy’s press release of June 21, 2021 states “As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins”, the same as-of date as the row, and the 10-Q filed July 29, 2021 also states 105,085, held at June 30, 2021. The row now shows 105,085 as of Jun 21, 2021 and cites the press release, labelled “Issuer announcement — not filed”. No 8-K was filed for this purchase: SEC staff said so in a comment letter of Oct 7, 2021, and Strategy’s reply of Oct 22, 2021 describes the purchase of approximately 13,005 bitcoins in June 2021. The row had linked that 10-Q, which states neither the 13,005 BTC nor a June 21 total, under an “8-K” label. In the quarterly table, Q2 2021 quarter-end holdings change from 105,084 to 105,085 and the Q3 2021 gain from 8,958 to 8,957 BTC, the figure the 8-K filed Sep 13, 2021 states for that quarter to date; the growth rates computed from them move by less than 0.01 percentage points.
Strategy press release, 2021-06-21; SEC Form 10-Q filed 2021-07-29
$1,023,000,000 $1,026,000,000 as of 2021-02-24
The Feb 19, 2021 purchase-history row showed a cost of $1,023 million for its 19,452 BTC, the figure Strategy’s purchase page lists. No filing or Strategy announcement states it. Strategy’s press release of February 24, 2021 states approximately 19,452 bitcoins bought “for approximately $1.026 billion in cash at an average price of approximately $52,765 per bitcoin” and approximately 90,531 held “As of February 24, 2021”; SEC staff’s comment letter of Oct 7, 2021 and Strategy’s reply of Oct 22, 2021 also give $1.026 billion. The row now shows $1,026 million and holdings as of Feb 24, 2021, and cites the press release, labelled “Issuer announcement — not filed” (the same SEC letter notes that no 8-K was filed for this purchase). Strategy’s page lists the purchase on Feb 19, 2021 and links the 8-K filed that day, which reports the closing of the convertible notes offering whose proceeds funded it and states none of these figures; the row’s note says so. Its chart point moves from Feb 19, 2021 (“as listed”) to Feb 24, 2021 (“as of”). In the quarterly table, Q1 2021’s average purchase price changes from $51,927.50 to $52,071.35.
as of 2024-04-26
The Apr 29, 2024 purchase-history row showed +155 BTC bought for $10.0 million at $63,397, the figures Strategy’s purchase page lists. No filing or Strategy announcement states them. The 8-K filed that day (the first-quarter 2024 earnings release, Exhibit 99.1) states 214,400 BTC held as of April 26, 2024 and no purchase amount for the row. The 10-Q filed May 1, 2024 states approximately 122 BTC bought from March 31 through April 26, 2024 for $7.8 million (about $63,548 each), a different window from this row’s, so it is not substituted. The row now shows no BTC acquired, cost or average price, keeps the 214,400 total, now as of Apr 26, 2024, and cites the 8-K on SEC EDGAR. With no stated amount, the row also leaves the Bitcoin Treasury Tracker’s disclosed-purchase list. Two figures computed from stated purchases change: Q2 2024’s average purchase price in the quarterly table, from $65,861.33 to $65,878.80, and the lifetime monthly average, from 11,554 to 11,552 BTC a month.
$67,455 $67,483
The Aug 1, 2024 purchase-history row showed an average price of $67,455 for its +169 BTC ($11.4 million), the figure Strategy’s purchase page lists, and cited the 8-K filed that day, which states 226,500 BTC held as of July 31, 2024 but no purchase amount. The 10-Q filed August 6, 2024 states: “Since June 30, 2024 through August 5, 2024, the Company has purchased approximately 169 bitcoins for $11.4 million, or approximately $67,483 per bitcoin.” The row now shows $67,483, cites the 10-Q for the BTC acquired, cost and average price and the 8-K (on SEC EDGAR) for the total, now as of Jul 31, 2024, and gives the 10-Q’s period as written, June 30 – August 5, 2024.
$15,698.498 $15,964 as of 2020-12-21
The Dec 21, 2020 purchase-history row carried a running average purchase price of $15,698.498 in the page’s data (served in the page’s HTML; not displayed). Strategy’s press release of December 21, 2020, the row’s only source, states that the approximately 70,470 bitcoins held as of that day were acquired “at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per bitcoin”. The row now carries $15,964. The row also linked that release under an “8-K” label; no 8-K was filed for this purchase (EDGAR lists no Strategy filing from December 14 to December 29, 2020), so it is now labelled “Issuer announcement — not filed” and shows holdings as of Dec 21, 2020, as the release states. Its displayed figures (29,646 BTC for $650.0 million at $21,925; 70,470 held) are unchanged and match the release.
121 SEC filings 118 SEC filings
The purchase-history caption, its Markdown heading and the JSON export’s filingCount counted three rows disclosed only by Strategy press releases (Dec 21, 2020; Feb 24, 2021; Jun 21, 2021) as SEC filings. A press release is not a filing, so the count of SEC filings is now 118 and the caption reads “118 SEC filings and 3 issuer announcements”; the JSON export adds announcementCount.
June 30, 2026 July 5, 2026
The Jul 6, 2026 purchase-history record (a sale of approximately 2,225 BTC, holdings 843,775) carried a holdings as-of date of June 30, 2026, the date of the filing’s first table. Its own table reads “During Period July 1, 2026 to July 5, 2026” and “As of July 5, 2026”. The record now carries July 5, 2026; its figures are unchanged.
Until Oct 16, 2026 the tool’s JSON export gave eight older purchase-history rows a filingDate equal to the date Strategy’s purchase page lists for them; #442 then withdrew it. Checked against SEC EDGAR, five of the eight have a filing on the listed date that states the row’s holdings total, and now carry that filing date: Aug 1, 2023 (152,800 BTC; 10-Q 0000950170-23-036448), Nov 1, 2023 (158,400; 10-Q 0000950170-23-057418), Feb 6, 2024 (190,000; 8-K 0000950170-24-011709), Apr 29, 2024 (214,400; 8-K 0000950170-24-049829) and Aug 1, 2024 (226,500; 8-K 0000950170-24-089243). No SEC filing states the other three rows’ figures, so they carry no filing date and are noted as listed by Strategy: Dec 21, 2020 (29,646 BTC; 70,470 held); Feb 19, 2021 (19,452; 90,531), whose listed date matches the 8-K Strategy’s page cites (0001193125-21-048555), which announces the closing of a notes offering and does not state these figures; and Jun 21, 2021 (13,005; 105,084), for which the cited 10-Q of Jul 29, 2021 states 105,085 held at Jun 30. For the five rows with a filing, Strategy’s listed date matches the EDGAR filing date exactly. The other three (Dec 21, 2020; Feb 19, 2021; Jun 21, 2021) have no SEC filing that states their figures, so they have no filing date to compare.
Strategy purchase history (listed dates); SEC EDGAR filings named in the entry
5,050 BTC 8,957 BTC as of 2021-09-12
The Sep 13, 2021 purchase-history entry showed +5,050 BTC for $242.9 million at $48,099, figures the cited 8-K does not state: they were the filing’s quarter-to-date 8,957 BTC (and $419.9 million) less the 3,907 BTC (and $177.0 million) announced Aug 24, 2021. The entry now shows the filing’s own figures — approximately 8,957 BTC for approximately $419.9 million at approximately $46,875, during the period July 1 – September 12, 2021 — marked as including the Aug 24 entry, so totals count that window once. Holdings of approximately 114,042 BTC as of September 12, 2021 are unchanged.
as of 2022-12-27
The Dec 28, 2022 purchase-history entry showed one +2,501 BTC purchase for $44.6 million at $17,847, netting transactions the cited 8-K states separately. The 8-K reports approximately 2,395 BTC acquired during the period November 1 – December 21, 2022 (approximately $42.8 million at $17,871), approximately 704 BTC sold on December 22, 2022 (cash proceeds of approximately $11.8 million at $16,776), and approximately 810 BTC acquired on December 24, 2022 (approximately $13.6 million at $16,845). The history now lists those three transactions, the sale as a sale. Holdings of approximately 132,500 BTC are unchanged; their as-of date is corrected to December 27, 2022, as the filing states (previously recorded as December 21). Figures the tool derives from the history move with it: lifetime gross BTC purchased rises by 704 (the sale is no longer netted out of a purchase), lifting the lifetime monthly pace by about 10 BTC a month, and the 2022 Q4 average purchase price changes from $17,833 to $17,598.
123 SEC filings 121 SEC filings
The purchase-history caption and its Markdown heading counted table rows as SEC 8-K filings. Two 8-Ks each report two periods in separate tables — the one filed January 5, 2026 (Dec 29–31, 2025 and Jan 1–4, 2026) and the one filed July 6, 2026 (two periods around the June 30, 2026 quarter end) — so 123 rows were labelled “123 SEC 8-K filings” when they came from 121 filings. The caption now counts distinct filings, and the JSON export carries filingCount beside the row count.
June 30, 2024 September 19, 2024
The Sep 20, 2024 purchase-history record carried a holdings as-of date (filingAsOf in the tool’s JSON export) of June 30, 2024, taken from a convertible-notes sentence earlier in the 8-K. The filing’s holdings sentence reads “As of September 19, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 252,220 bitcoins”. The record now carries September 19, 2024; its figures are unchanged.
9,117 BTC 9,416 BTC as of 2026-06-30
Corrected to include Block’s bitcoin held for operating purposes. The Q2 2026 Form 10-Q discloses two owned buckets as of 2026-06-30 (Note 11, “Company Owned Bitcoin”): 9,117 BTC held for investment and 299 BTC held for operating purposes to facilitate Cash App customers’ purchases and sales — 9,416 BTC owned in total. Bitcoin held for Cash App customers and trading partners remains excluded. The prior figure counted only the investment bucket; same filing, same as-of. Applies the 2026-09-09 ruling by Ben Werkman (the Coinbase precedent).
2,914 BTC 1,279 BTC as of 2026-08-06
Corrected from 2,914 BTC (the period-end figure at 2026-06-30 in Note 5 of the Q2 2026 Form 10-Q: balance-sheet digital assets, 1,375 unrestricted + 1,539 restricted) to 1,279 BTC as of 2026-08-06, the later figure stated in the same filing's subsequent-events disclosure after the company sold 1,635 BTC between July 1 and August 6, 2026 (2,914 − 1,635 = 1,279). The earlier pin read the period-end note and missed the later figure in the document it cited. Discovered during the encumbrance-schema re-verification of every cited filing on 2026-09-12.
Empery Digital Q2 2026 Form 10-Q (filed 2026-08-07), Note 5 and subsequent-events disclosure
559 BTC 641 BTC as of 2025-12-31
Re-pinned to Phoenix Group's Annual Report 2025: 641 BTC held at 2025-12-31, of which 505 BTC were pledged as collateral against a short-term loan (Note 10). The prior 559 came from the retired third-party feed and matched no document. The Q2 2026 MD&A states digital assets only as a blended USD figure, so the annual count is the latest issuer-stated unit figure and the row carries its true age against the annual cadence threshold.
Issuer annual report 2025 (audited financial statements), Note 10
as of 2026-09-12
Seven previously unverified rows received per-row primary-source citations: Cipher Digital, Alliance Resource Partners and Exodus Movement (Form 10-Q), Bitcoin Treasury Corporation (issuer dashboard), Méliuz (quarterly ITR), Bitmax (DART half-year report) and Phoenix Group (annual report; recorded above as a correction, 559 → 641). Six were routine updates whose value moved by less than 10% and 100 BTC on first citation. Three rows were removed with the filing that settled each: KULR Technology Group (8-K of 2026-09-11 — all bitcoin sold), MercadoLibre (no digital assets held at 2025-12-31 per the FY2025 10-K) and Satsuma Technology (all bitcoin sold 2026-08-04 ahead of its listing cancellation). Aker ASA stays published and labelled unverified pending its early-November report. Classification ruling: Dan Oksnevad, 2026-09-11; removals confirmed by Ben Werkman.
641 BTC 559 BTC as of 2026-06-30
Re-pinned to the H1 2026 consolidated financial statements, Note 8(b)(i). The prior 641 was the 1 January opening balance in that same rollforward; 559 is the 30 June closing balance (641 + 453 self-mined + 95 dividend − 630 disposals). All 559 BTC are pledged as collateral with Binance Exchange against a loan facility (Note 16). This entry reverses the 559 → 641 correction published earlier the same day, which stands above as recorded.
Issuer H1 2026 condensed consolidated interim financial statements, Note 8(b)(i)
2,469 BTC 2,261 BTC as of 2026-06-30
Re-pinned to the issuer's Q2 2026 Form 10-Q, which states 2,261 BTC held at 2026-06-30 with no restricted digital assets. The prior 2,469 was the 2026-03-31 balance carried forward by the retired third-party feed. The issuer renamed from Bitfarms Ltd. to Keel Infrastructure Corp. (KEEL) on 2026-04-01.
937.7 BTC 1,145.4 BTC as of 2026-06-30
Re-pinned to the issuer's Form 10-Q for the quarter ended 2026-06-30: 'the Company held 1,145.4 bitcoins'. The prior 937.7 came from the retired third-party feed and matched no filing. Ticker IMG → CIMG, quoted on OTC Markets after Nasdaq suspended trading on 2026-03-06.
1,671 BTC 1,373 BTC as of 2026-08-31
Updated to the issuer's August 2026 production update filed on Form 6-K: 1,373 BTC held at 2026-08-31, including 44 BTC pledged and excluding bitcoin produced for cloud-mining customers, after bitcoin was sold to support operations and hashrate procurement. The prior 1,671 was the 2026-06-30 balance.
3,140 BTC 3,521 BTC as of 2026-09-07
Re-pinned to Capital B's AMF-regulated release of 2026-09-07, which states 3,521 BTC held by Capital B SA and its subsidiary Capital B Luxembourg SA. The prior 3,140 matched the issuer's 2026-08-03 release and had aged through two subsequent purchases.
as of 2026-09-11
Fifteen previously unverified rows received per-row primary-source citations: fourteen in the published top 50 plus Figma, whose directly held figure now sits below the top-50 line. Eleven of those were routine updates (value moved by less than 10% and less than 100 BTC on first citation) and four are recorded above as individual corrections (Keel Infrastructure, CIMG, BitFuFu, Capital B). Ten rows were removed: six had no primary-source basis at all (MicroCloud Hologram, Nano Labs, Ming Shing/PMA Graphene, Yueda Digital, Treasury B.V., Convano) and four could not be cited as corporate-treasury bitcoin with a dated unit count (DeFi Technologies, NEXON, Hyperscale Data, USBC). Each removal is listed below with the filing that settled it. Classification ruling: Dan Oksnevad, 2026-09-11; removals confirmed by Ben Werkman.
17,311 BTC 17,864 BTC as of 2026-06-30
Corrected to include Coinbase's bitcoin held for operations. The Q2 2026 Form 10-Q discloses two owned buckets as of 2026-06-30: 17,311 BTC held for investment (Note 9) and 553 BTC held for operations (Note 7) — 17,864 BTC owned in total. Customer custody, collateral, and borrowed bitcoin remain excluded. The prior figure counted only the investment bucket; same filing, same as-of. Ruling by Ben Werkman, 2026-09-09.
19,990 BTC 21,580 BTC as of 2026-06-30
Corrected to include ~1,590 BTC that Bullish has lent out and carries as digital-asset loan receivables (6-K filed 2026-08-13, note 13; holdings as of 2026-06-30). The filed balance-sheet total of 19,990 BTC (~7,516 native, ~12,475 wrapped cbBTC/wBTC) excludes those units; under this tracker's methodology lent and pledged Bitcoin count as holdings, applied consistently across issuers. Ruling by Ben Werkman, 2026-09-08.
3,605 BTC 3,563 BTC as of 2025-12-31
Corrected from an uncited aggregator figure (3,605, traceable to no filing) to a value DERIVED from the issuer's own 2025 annual report: Bitcoin Group SE reports Bitcoin at a carrying value of TEUR 265,355 at 2025-12-31 (Note 4.1.3, bitcoin line of the crypto table) and states a year-end price of EUR 74,473.24 per bitcoin (key figures, p. 6); 265,355,000 ÷ 74,473.24 ≈ 3,563 BTC. The issuer publishes no unit count, and crypto is carried at fair value less accumulated impairment (Note 3.3), so the figure is approximate and is labelled as derived on the row. Pin ruled by Ben Werkman 2026-09-08; the number is taken from the issuer's stated inputs.
23,800 BTC 19,990 BTC as of 2026-06-30
Corrected to the total reported in the issuer’s own filed financial statements (6-K filed 2026-08-13, holdings as of 2026-06-30: 19,990 BTC, of which ~7,516 native BTC and ~12,475 wrapped — cbBTC and wBTC). The prior figure came from a stale investor-relations document and matches no filing; the filed total is the lower of the two figures.
15,680 BTC 11,380 BTC as of 2026-06-30
Re-pinned to the issuer's own Q2 2026 Form 10-Q; the prior figure was a stale third-party value that no filing supported. Total includes 5,821 BTC held as collateral, following the issuer's own balance-sheet presentation.
16,492 BTC 17,311 BTC as of 2026-06-30
Corrected to crypto held for investment per the Q2 2026 Form 10-Q — the tracker was under-reporting.
13,931 BTC 12,205 BTC as of 2026-06-30
Corrected to the Q2 2026 Form 10-Q balance-sheet figure, excluding 1,719 BTC that is a collateral receivable rather than held Bitcoin. CleanSpark discontinued its monthly holdings 8-Ks in 2026, so the quarterly 10-Q is now the source of record.
10,278 BTC 9,314 BTC as of 2026-06-30
Corrected to the Hut 8-attributable portion of the Q2 2026 Form 10-Q consolidated total of 17,316 BTC — American Bitcoin Corp's 8,002 BTC is listed as its own row (ABTC) and must not be double-counted. The prior 10,278 matched no filed figure.
9,542.16 BTC 14,139 BTC as of 2026-07-31
Updated per the subsequent-events note in the issuer's own Q2 2026 Form 10-Q (a July purchase funded by a bitcoin-securities sale). The prior value was the year-end 2025 figure still being carried by third-party sources.
8,300 BTC 8,002 BTC as of 2026-06-30
Corrected to the Q2 2026 Form 10-Q figure; includes 3,090 BTC pledged to Bitmain, following the issuer's own presentation.
5,405 BTC 5,355 BTC as of 2026-06-30
Corrected to the Q2 2026 Form 10-Q figure; 3,404 BTC is pledged at Anchorage per the filing.
3,839 BTC 5,528 BTC as of 2026-06-30
Corrected to corporate holdings including restricted Bitcoin per the Q2 2026 Form 10-Q (customer assets excluded). The tracker was 1,689 BTC under the filed figure.
1,514 BTC 2,914 BTC as of 2026-06-30
Corrected to the Q2 2026 Form 10-Q total (unrestricted plus restricted). The prior figure matched no filing, and the 10-Q (filed 2026-08-07) post-dates it — caught by the tracker's provenance gate.
as of 2026-06-30
Removed a stale 8,285 BTC SpaceX entry from the private-company category aggregate: it double-counted against the SPCX row (18,712 BTC per SpaceX's own Q2 2026 Form 10-Q) added to the public-company set on 2026-08-14. Category totals were recomputed.
Removals
Issuers removed from the public-company dataset. Each is recorded in a permanent exclusion registry enforced at both data-fetch time and build time, so a removed issuer cannot silently re-enter — this section renders directly from that registry.
Fully divested. 6-K filed 2026-05-04: on 2026-05-01 the board "authorized the complete divestment of the Company’s entire Bitcoin treasury holdings of approximately 510 Bitcoin". Q1 2026 results release (6-K Ex 99.1 filed 2026-06-10): "Subsequent to March 31, 2026, the Company divested its digital asset holdings in full, selling 510 units for total cash proceeds of approximately $41.3 million, at an average price of approximately $80,980 per unit". The tracker had kept serving 502 BTC, an uncited legacy figure, until this removal.
Exited. Form 6-K filed 2026-09-23 (acc 0001383395-26-000108), Ex. 99.1 (NYSE market-capitalization non-compliance notice): 'Sequans is developing its compliance plan for submission to the NYSE. The plan reflects the strategic actions already undertaken by the Company, including the completion of its Bitcoin treasury exit, the strengthening of its financial foundation, and its sharpened focus on executing its semiconductor growth strategy.' Same class as KULR ('no longer holds BTC') and Satsuma ('disposed of all its Bitcoin'): a completed disposition, not a change of strategy with holdings unstated. Unlike KULR's 8-K the filing states no count or date for the final sale; the last dated holdings statement was 314 BTC at 2026-06-30 (Q2 2026 6-K filed 2026-08-04: 'we have continued to reduce our Bitcoin position … ending the quarter with $21 million in cash and 314 Bitcoin', down from 1,514 BTC at 2026-03-31, with the 'planned exit from our Bitcoin treasury strategy' in its risk factors). Row sat at rank 58, below the published top-50 cut line — no published-table change. D1 pin tombstoned (override_log delete row); ruled by Dan 2026-09-23.
No SEC filing states any bitcoin holding: zero occurrences of bitcoin, BTC, crypto or digital asset in the FY2025 Form 20-F (filed 2026-03-27), the H1 2026 Form 6-K financial statements and MD&A (filed 2026-08-27), and every 6-K since June 2025; short-term investments are itemized as equities/ETFs, time deposits and structured products. The 2,353 BTC previously published traces to a March 2025 press release about a forward-looking authorisation of up to $200M for bitcoin and cryptocurrency-related securities derivatives, with no unit count — $200M at the March 2025 price back-solves to roughly 2,353. Ben Werkman traced the financials before and after that announcement and found no trail that a purchase occurred.
The FY2025 Form 20-F (filed 2026-04-13) per-coin cryptocurrency table (Note 7) lists BNB 126,662 and an immaterial 'Others' line with no bitcoin row, and states: 'During the year ended December 31, 2025, the Company borrowed 1,700,000 USDT and 900 BTC, and repaid 900 BTC.' The 1,000 BTC previously published was the H1 2025 interim balance, 900 of which was borrowed coin. The H1 2026 Form 6-K (filed 2026-08-28) describes only 'a long-term reserve of 70,000 BNB'. No issuer document states a current bitcoin unit count above zero.
Bitcoin has never appeared on the issuer's balance sheet: the Form 20-F for the year to 2026-03-31 (filed 2026-08-17) and the prior year's 20-F carry no digital-asset line (total assets US$5,874,709 at 2026-03-31: cash, receivables, contract assets, PP&E, leases, insurance cash value, deferred tax). The 833 BTC previously published was the sum of 500 BTC and 333 BTC purchase agreements announced in January and March 2025; the Deeds of Termination filed on Form 6-K 2026-02-09 voided all three bitcoin purchase agreements — 500 BTC and 333 BTC from Unit Meta AI Tech Limited and 4,250 BTC from Winning Mission Group Limited — as 'null and void and without any further effect'. The issuer renamed to PMA Graphene Technology Group Inc. (effective 2026-08-26; trading as PMA from 2026-09-10) and remains excluded under either ticker.
Same issuer as MSW (CIK 1956166) under its post-2026-09-10 ticker; excluded so the renamed symbol cannot re-enter. See the MSW entry for the filings.
A bitcoin, litecoin and dogecoin miner that converts production to USDT. The consolidated balance sheets in the H1 2026 Form 6-K (filed 2026-09-01) show cash of $101K and USDT of $6K at 2026-06-30 with no bitcoin or crypto-asset line (USDT $3,246K and no crypto line at 2025-12-31); the cash-flow statement reports 'Exchange BTC to USDT $21,555K' for the half. Mined output ('awarded a total of 246.46 BTCs' in H1 2026) is not a held balance. No issuer document states the 819.07 BTC previously published or any bitcoin unit count held.
Not a listed company. The planned Euronext Amsterdam reverse listing via MKB Nedsense N.V. was abandoned on 2026-02-12 (shareholder letter: 'de beoogde reverse listing van Treasury BV via MKB Nedsense NV geen doorgang vindt'), reaffirmed in MKB Nedsense's H1 2026 release of 2026-07-29. No ISIN, ticker, price or share count exists; the row's blank market data was structural. The 1,111 BTC figure rests on a plain issuer press release of 2025-09-18 with no regulatory venue and no statement since. A private company is outside a public-company treasury tracker.
Issuer / Euronext-listed counterparty release 1Issuer / Euronext-listed counterparty release 2Issuer / Euronext-listed counterparty release 3
The issuer exited its bitcoin treasury strategy. TDnet notice of 2026-08-13 (body date; the URL slug carries an earlier upload id) states that, excluding bitcoin reserved for shareholder-benefit gifts and bitcoin pledged as collateral, the sale of all crypto assets held by the group was completed (「株主優待制度に基づく優待品の交付に充当する分及び担保提供中の分を除き…売却を完了いたしました」), for proceeds of ¥8,098,969 thousand. The ¥2.5bn bond that funded the purchases was redeemed early on 2026-08-24 with the notice stating the bitcoin treasury strategy has ended. The residual (30 BTC pledged at 2026-03-31 per the annual securities report, plus an unquantified gift reserve) is not disclosed as a unit count.
The previously published 2,596.9563 BTC is the consolidated digital-assets bitcoin line at 2025-12-31 in the audited financial statements — the pool that hedges the Valour exchange-traded products 100% and is carried against an 'ETP holders payable' liability (2,841.2321 BTC at 2026-06-30 per the Q2 2026 interim statements, Note 6; Valour BTC ETP assets under management $155.0M of the $162.6M bitcoin fair value). Corporate treasury is disclosed only in dollars ('treasury holdings totaled approximately $30,045,074' at 2026-06-30) across several assets; no bitcoin unit count for the corporate treasury appears in any 2026 filing. Client-backing inventory is not corporate-treasury bitcoin.
The only issuer statement of bitcoin units is the 2021-04-28 purchase announcement (1,717 BTC). Every document since — the FY2025 annual securities report (EDINET S100XSM4), the H1 2026 semi-annual report (EDINET S100YWN3) and the Q2 2026 earnings summary — states bitcoin only as a JPY fair value (¥16,355 million at 2026-06-30) with no unit count and no issuer valuation rate, so a current count can be neither cited nor derived under the tracker's methodology. The 2021 figure is five years old and reachable only as a tier-3 wire copy.
No issuer document states a bitcoin unit count at any 2026 date. The Q2 2026 Form 10-Q (filed 2026-08-19) Note 6 gives only carrying values — bitcoin $4.409M and restricted bitcoin $16.201M at fair value plus restricted cbBTC $25.441M at cost less impairment — a blended multi-basis total with no issuer price, from which the methodology prohibits deriving units. The same filing discloses that in August 2026 the company sold approximately 686 bitcoin for about $43.4 million to repay its Morpho borrowings, so the 1,006.04 BTC previously published was also materially stale. No unit count appears in the 8-Ks of 2026-08-13, 2026-08-19 or 2026-09-04.
The issuer has never stated a dated bitcoin balance. The Q2 2026 Form 10-Q (filed 2026-08-07) describes 'The 1,000 Bitcoin received on August 6, 2025 as part of the Goldeneye capital investment' and discloses small quarterly increments from its option-overwriting strategy (2.617, 12.757, 10.441 and 5.175 BTC) without ever stating a total; summing them would be a derivation. The filing also discloses 479 BTC pledged as collateral at 2026-07-31 (59.8% loan-to-value) and substantially all bitcoin deployed in OTC call overwriting. The 1,000 previously published was a 13-month-old receipt count, not a holdings balance.
Exited. Form 8-K filed 2026-09-11 (Item 2.01): 'During the period from August 20, 2026 through September 11, 2026, KULR Technology Group, Inc. sold an aggregate of approximately 764 bitcoin ("BTC") through a series of open market transactions to unrelated purchasers at a weighted average sales price of approximately $76,633 per BTC, resulting in aggregate gross proceeds of approximately $58.6 million … The Bitcoin Sales represented all of the Company's remaining BTC holdings, and as of the date of this report, the Company no longer holds BTC.' The 760 BTC previously published was an uncited aggregator figure; same-day removal.
The company no longer holds bitcoin. FY2025 Form 10-K (filed 2026-02-25): 'The Company did not hold any digital assets at fair value as of December 31, 2025', with the digital-asset rollforward showing $75 million of sales during 2025 to a nil balance (412.7 BTC and 3,049.8 ETH had been held at 2024-12-31). The Q2 2026 Form 10-Q carries no digital-asset line and no unit count. The 570.4 BTC previously published had been static since the 2021 purchase disclosure and matched no filing. Ben Werkman ruling: remove.
Exited and winding down its listing. RNS 'Update on Proposed Reduction of Capital' (2026-08-04): the company 'disposed of all its Bitcoin' — 669.4867 BTC at £47,667 per BTC for total proceeds of £31,912,395 — to fund the return of capital approved at the 2026-07-20 general meeting (return of capital 90.63%; cancellation of the London listing 90.59%). The listing cancels on 2026-09-14 with payments via CREST by 2026-09-28. The last dated holdings statement was 668.48 BTC at 2026-05-31 (monthly fact pack, 2026-06-02). The instruction to pin 668.48 pending a scheduled removal was superseded by the disposal RNS found in sourcing: the bitcoin was already gone.
BSTR/CEPO business combination terminated via Termination and Release Agreement dated 2026-08-20; ancillary documents and PIPE subscription agreements terminated automatically; BSTR withdrawing the Form S-4; CEPO resumed target search. The pro-forma 30,021 BTC never landed on a public-company balance sheet and the ~5,021 BTC PIPE portion was never assembled — no primary-sourced realized holdings exist. Do not carry the 30,021 anywhere.
Merged into Strive, Inc. (ASST) effective 2026-01-16 as a wholly owned subsidiary; its BTC is consolidated inside Strive's weekly 8-K totals. A standalone SMLR row double-counts ~5,048 BTC against ASST.
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