ParaFi Capital LP

NEW YORK, NY · CIK 1919332 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited partnership

Assets managed$1.8bn
Staff21 · 7 in investment roles
Main clients (by assets)Private funds 100%
Private funds15 (3 hedge) · $1.8bn gross assets
Websiteparafi.com
Form ADV · 2026-09-18SEC adviser record

Legal entityPARAFI CAPITAL LP (US)

Kindhedge funds, private equity, venture, futures
Others nearbyNew York, NY, San Diego, CA

As an employer

Offices in1 country
Private fundshedge 3, venture capital 11, private equity 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 4
San Diego, CAUnited States	United States	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$279.6m reported value -12.1% vs Q1 2026

21positions

94.8%in top 10

9 new 6 added 2 reduced 6 sold out vs Q1 2026

Options: 3 call positions ($81.6m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BITWISE BITCOIN ETF TR SHS BEN INT BITB	BITB	1,700,000	$54.2m19.37%	19.37%	Unchanged
2	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	1,050,000	$53.6m19.17%	19.17%	Unchanged
3	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	1,517,172	$50.5m18.06%	18.06%	Added +56.0k	+56,027 3.8%
4	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	250,000	$25.1m8.97%	8.97%	Added +139.5k	+139,491 126.2%
5	BITMINE IMMERSION TECNOLOGIE COM NEW BMNR	BMNR	235,000	$19.0m6.81%	6.81%	New
6	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	300,000	$18.8m6.72%	6.72%	Added +135.0k	+135,000 81.8%
7	GEMINI SPACE STA INC CL A COM GEMI	GEMI	3,428,888	$14.6m5.22%	5.22%	Added +2.8m	+2,782,786 430.7%
8	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	520,000	$13.5m4.83%	4.83%	Unchanged
9	STRATEGY INC SERIES A PERP PF MSTR 8 PERP	MSTR 8 PERP	228,319	$13.4m4.80%	4.80%	Reduced -202.3k	-202,309 -47.0%
10	SHARPS TECHNOLOGY INC COM SKYA	SKYA	2,150,180	$2.4m0.85%	0.85%	Added +1.0m	+1,000,180 87.0%
11	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	85,555	$2.2m0.78%	0.78%	Reduced -424.5k	-424,458 -83.2%
12	STRATEGY INC NOTE 0.625% 9/1 · principal MSTR 0.625 09.15.28 · principal	MSTR 0.625 09.15.28	2,000,000	$2.0m0.73%	0.73%	New
13	COINBASE GLOBAL INC COM CL A COIN	COIN	13,484	$2.0m0.70%	0.70%	Added +484	+484 3.7%
14	BITGO HOLDINGS INC COM SHS CL A BTGO	BTGO	374,400	$1.9m0.69%	0.69%	New
15	STRATEGY INC NOTE 12/0 · principal MSTR 0 12.01.29 · principal	MSTR 0 12.01.29	2,000,000	$1.7m0.62%	0.62%	New
16	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,961	$1.5m0.52%	0.52%	New
17	AVALANCHE TREAS CORP SHS CL A AVAT	AVAT	2,802,748	$1.4m0.50%	0.50%	New
18	STABLECOINX INC SHS CL A USDE	USDE	411,900	$1.1m0.41%	0.41%	New
19	FORWARD INDUSTRIES INC COM NEW FWDI	FWDI	162,164	$684.3k0.24%	0.24%	Unchanged
20	DEFI DEVELOPMENT CORP *W EXP 01/21/202 DFDVW	DFDVW	21,634	$5.8k0.00%	0.00%	New
21	MICROSTRATEGY INC CL A NEW MSTR	MSTR	1	$870.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SHARPLINK INC SBET	SBET	3,902,430	$25.2m3.9m shares
STRIVE INC ASST	ASST	156,904	$15.6m156.9k shares
SEMLER SCIENTIFIC INC SMLR 4.25 08.01.30	SMLR 4.25 08.01.30	4,602,000	$4.5m4.6m shares
SHARPS TECHNOLOGY INC SKYAW	SKYAW	2,542,308	$4.3m2.5m shares
COREWEAVE INC CRWV	CRWV	37,000	$2.9m37.0k shares
TON STRATEGY CO TONX	TONX	50,380	$124.4k50.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	2,247,100	$74.8m2.2m shares	Reduced
CIRCLE INTERNET GROUP INC CRCL · Call	CRCL	Call	93,900	$5.9m93.9k shares	Unchanged
CME GROUP INC CME · Call	CME	Call	4,000	$883.3k4.0k shares	New