{ "attribution": "CEBE Tracker (cebetracker.io)", "feed": { "as_of": "2026-08-31T19:49:24.406Z", "btc_price_live": 78966, "btc_price_live_as_of": "2026-08-31T19:48:10.000Z", "companies": [ { "as_of": "2026-08-30", "basic_shares": 420431707, "btc_claim_static": 0, "btc_holdings": 845050, "btc_price": 77820.76428719184, "btc_price_as_of": "2026-08-30", "cash_usd": 6786520776, "cebe_mnav": 1.093, "cebe_mnav_live": 1.073, "cebe_sats": 155895, "cebe_sats_live": 156549, "debt_usd": 6753703000, "dividends_payable_usd": null, "market_cap_usd": 55761857299, "name": "Strategy", "preferred_usd": 14789035800, "senior_claims_pct": 22.44, "senior_claims_pct_live": 22.11, "source": "8-K filed 2026-08-31, acc 0001193125-26-375463, covering 2026-08-24 to 2026-08-30. btc_price per convention #A-45: CoinGecko print of 2026-08-29 00:00 UTC = the 2026-08-28 Friday close. Preferred per-series faces carried from the Q2 2026 10-Q Note 10 counts; no preferred ATM sales and no preferred repurchases other than STRC in the period. STRC face from the verified repurchase chain.", "stock_price": 132.63, "stock_price_as_of": "2026-08-31T19:48:30.000Z", "stock_price_source": "finnhub", "strc_holdings_usd": 0, "ticker": "MSTR", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null }, { "as_of": "2026-06-30", "basic_shares": 1281256899, "btc_claim_static": 0, "btc_holdings": 43000, "btc_price": 58566, "btc_price_as_of": "2026-06-30", "cash_usd": 8222193, "cebe_mnav": 1.304, "cebe_mnav_live": 0.895, "cebe_sats": 2556, "cebe_sats_live": 2763, "debt_usd": 463197865, "dividends_payable_usd": null, "market_cap_usd": 2501782221, "name": "Metaplanet", "preferred_usd": 145195200, "senior_claims_pct": 23.83, "senior_claims_pct_live": 17.68, "source": "H1 FY2026 kessan tanshin, TDnet 140120260813519694, filed 2026-08-13", "stock_price": 1.9526, "stock_price_as_of": "2026-08-31T06:30:00.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "MTPLF", "wrapper_annual_usd": -15521926, "wrapper_annual_usd_verified": false }, { "as_of": "2026-08-28", "basic_shares": 93262570, "btc_claim_static": 0, "btc_holdings": 23156, "btc_price": 77821, "btc_price_as_of": "2026-08-28", "cash_usd": 183500000, "cebe_mnav": 2.001, "cebe_mnav_live": 1.955, "cebe_sats": 15532, "cebe_sats_live": 15667, "debt_usd": 0, "dividends_payable_usd": null, "market_cap_usd": 2256021568, "name": "Strive", "preferred_usd": 907391400, "senior_claims_pct": 37.44, "senior_claims_pct_live": 36.9, "source": "8-K Aug 31, 2026 (as of Aug 28). EDGAR VERIFIED: https://www.sec.gov/Archives/edgar/data/1920406/000162828026059468/asst-20260831.htm", "stock_price": 24.19, "stock_price_as_of": "2026-08-31T19:49:22.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 49152000, "ticker": "ASST", "wrapper_annual_usd": 121460882, "wrapper_annual_usd_verified": false }, { "as_of": "2026-08-03", "basic_shares": 374840705, "btc_claim_static": 0, "btc_holdings": 2712, "btc_price": 63473, "btc_price_as_of": "2026-08-03", "cash_usd": 1709000, "cebe_mnav": 1.108, "cebe_mnav_live": 0.864, "cebe_sats": 626, "cebe_sats_live": 645, "debt_usd": 24838000, "dividends_payable_usd": null, "market_cap_usd": 165042362, "name": "Smarter Web Co", "preferred_usd": 0, "senior_claims_pct": 13.44, "senior_claims_pct_live": 10.8, "source": "Omnibus RNS 03 Aug 2026 (LSE Main Market); btc_price/fx are the 03 Aug close, CoinGecko D+1 04-08-2026 (63,472.83 / cross 1.3426), independently confirmed by Yahoo BTC-USD/GBP for 03 Aug (1.3426)", "stock_price": 0.4403, "stock_price_as_of": "2026-08-28T15:35:28.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "TSWCF", "wrapper_annual_usd": 3187000, "wrapper_annual_usd_verified": false }, { "as_of": "2026-08-28", "basic_shares": 330306740, "btc_claim_static": 821, "btc_holdings": 3145, "btc_price": 77821, "btc_price_as_of": "2026-08-28", "cash_usd": 4029091, "cebe_mnav": 1.1, "cebe_mnav_live": 1.084, "cebe_sats": 719, "cebe_sats_live": 719, "debt_usd": 0, "dividends_payable_usd": null, "market_cap_usd": 203336829, "name": "Capital B", "preferred_usd": 0, "senior_claims_pct": 24.46, "senior_claims_pct_live": 24.48, "source": "Aug 28 2026 Capital B press release (cptlb.com): share capital table states 330,306,740 shares as of that date (VERIFIED); btc_holdings 3145 corroborated by the stated potential total of 3,415 BTC less 270 BTC of potential purchases. btc_claim_static 821 from the same PR per-tranche OCA table. btc_price and fx_rate per #A-45: close of 2026-08-28 = CoinGecko /history?date=29-08-2026 print, USD 77,820.764287 / EUR 67,176.595790, cross 1.158451. Retrieved 2026-08-30.", "stock_price": 0.6156, "stock_price_as_of": "2026-08-31T15:38:31.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "ALCPB", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null }, { "as_of": "2026-08-30", "basic_shares": 146551433, "btc_claim_static": 0, "btc_holdings": 3950, "btc_price": 77658, "btc_price_as_of": "2026-08-30", "cash_usd": 4245581, "cebe_mnav": 0.71, "cebe_mnav_live": 0.697, "cebe_sats": 2428, "cebe_sats_live": 2432, "debt_usd": 52973000, "dividends_payable_usd": null, "market_cap_usd": 196261679, "name": "OranjeBTC", "preferred_usd": 0, "senior_claims_pct": 9.93, "senior_claims_pct_live": 9.76, "source": "CVM Market Announcement Aug 30 2026 (period Aug 24-30), retrieved from the OranjeBTC IR document store, file b7282f4c-1a33-4d2c-fe49-cc18401d6d8d, PDF sha256 82e9530c.", "stock_price": 1.3392, "stock_price_as_of": "2026-08-31T19:33:21.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 18279000, "ticker": "OBTC3", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null }, { "as_of": "2026-06-30", "basic_shares": 88574486, "btc_claim_static": 0, "btc_holdings": 5355, "btc_price": 58566, "btc_price_as_of": "2026-06-30", "cash_usd": 15338000, "cebe_mnav": 0.838, "cebe_mnav_live": 0.568, "cebe_sats": 4421, "cebe_sats_live": 4841, "debt_usd": 99600000, "dividends_payable_usd": null, "market_cap_usd": 192206635, "name": "ProCap Financial", "preferred_usd": 0, "senior_claims_pct": 26.87, "senior_claims_pct_live": 19.93, "source": "10-Q Q2 2026 filed 2026-08-13 | Acc-no 0001493152-26-037756 | period ending 2026-06-30", "stock_price": 2.17, "stock_price_as_of": "2026-08-31T19:47:06.000Z", "stock_price_source": "finnhub", "strc_holdings_usd": 0, "ticker": "BRR", "wrapper_annual_usd": 15160000, "wrapper_annual_usd_verified": false }, { "as_of": "2026-06-30", "basic_shares": 18987567, "btc_claim_static": 0, "btc_holdings": 4467, "btc_price": 58566, "btc_price_as_of": "2026-06-30", "cash_usd": 19072000, "cebe_mnav": 1.213, "cebe_mnav_live": 0.678, "cebe_sats": 10403, "cebe_sats_live": 13793, "debt_usd": 165000000, "dividends_payable_usd": null, "market_cap_usd": 140318120, "name": "Nakamoto", "preferred_usd": 0, "senior_claims_pct": 55.78, "senior_claims_pct_live": 41.37, "source": "Q2 2026 Earnings Release Aug 13 2026 (Business Wire, 8-K Item 2.02, businesswire.com/news/home/20260813304135)", "stock_price": 7.39, "stock_price_as_of": "2026-08-31T19:47:32.000Z", "stock_price_source": "finnhub", "strc_holdings_usd": 0, "ticker": "NAKA", "wrapper_annual_usd": -18925667, "wrapper_annual_usd_verified": false }, { "as_of": "2026-07-03", "basic_shares": 47569000, "btc_claim_static": 0, "btc_holdings": 2899, "btc_price": 62554, "btc_price_as_of": "2026-07-03", "cash_usd": 20100000, "cebe_mnav": 0.106, "cebe_mnav_live": 0.083, "cebe_sats": 5717, "cebe_sats_live": 5796, "debt_usd": 31323579, "dividends_payable_usd": null, "market_cap_usd": 17985839, "name": "DDC Enterprise", "preferred_usd": 0, "senior_claims_pct": 6.19, "senior_claims_pct_live": 4.9, "source": "Aug 4 2026 GlobeNewswire PR (BTC 2899, cash $20.1M, BTC/1000 FD=0.060942). BTC price: CoinGecko Jul 4 2026 print $62,553.61 per #A-45. Debt carried from Dec 31 + D-1 bank borrowings.", "stock_price": 0.3781, "stock_price_as_of": "2026-08-31T19:48:09.000Z", "stock_price_source": "finnhub", "strc_holdings_usd": 0, "ticker": "DDC", "wrapper_annual_usd": 0, "wrapper_annual_usd_verified": false }, { "as_of": "2026-08-10", "basic_shares": 1128931358, "btc_claim_static": 0, "btc_holdings": 3506.4, "btc_price": 64856, "btc_price_as_of": "2026-08-10", "cash_usd": 2435183, "cebe_mnav": 0.8, "cebe_mnav_live": 0.645, "cebe_sats": 282, "cebe_sats_live": 287, "debt_usd": 23171136, "dividends_payable_usd": null, "market_cap_usd": 165275551, "name": "H100 Group", "preferred_usd": 0, "senior_claims_pct": 9.12, "senior_claims_pct_live": 7.49, "source": "Completion PR 2026-08-10 (BTC + shares + debt-free target); CoinGecko A-45 2026-08-09 close (BTC + SEK cross); Q1 2026 Interim (SEK faces carried)", "stock_price": 0.1464, "stock_price_as_of": "2026-08-31T13:25:01.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "HOGPF", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null }, { "as_of": "2026-06-30", "basic_shares": 346807836, "btc_claim_static": 0, "btc_holdings": 43514, "btc_price": 58551, "btc_price_as_of": "2026-06-30", "cash_usd": 106132084, "cebe_mnav": 0.974, "cebe_mnav_live": 0.691, "cebe_sats": 10674, "cebe_sats_live": 11158, "debt_usd": 486500000, "dividends_payable_usd": null, "market_cap_usd": 2110325682, "name": "Twenty One Capital", "preferred_usd": 0, "senior_claims_pct": 14.93, "senior_claims_pct_live": 11.07, "source": "VERIFIED per Q2 2026 10-Q filed 2026-08-11 (accession 0001213900-26-087471). June 30 2026 period-end: 346807836 Class A (Note 9), 215736011 Class B (Note 9), 43514 BTC (Note 6), cash 106132084 (Note 3 and Liquidity), convert face 486500000 and no preferred (Notes 7 and 9). Denominator = Class A only per Certificate of Formation; Class B carries zero economic rights.", "stock_price": 6.085, "stock_price_as_of": "2026-08-31T19:49:22.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "XXI", "wrapper_annual_usd": null, "wrapper_annual_usd_verified": null }, { "as_of": "2026-06-30", "basic_shares": 104094372, "btc_claim_static": 0, "btc_holdings": 604.69, "btc_price": 58559, "btc_price_as_of": "2026-06-30", "cash_usd": 21761468, "cebe_mnav": 3.143, "cebe_mnav_live": 2.33, "cebe_sats": 581, "cebe_sats_live": 581, "debt_usd": 0, "dividends_payable_usd": 0, "market_cap_usd": 111276884, "name": "M\u00e9liuz", "preferred_usd": 0, "senior_claims_pct": 0, "senior_claims_pct_live": 0, "source": "Q2 2026 Excel. BTC 604.69 VERIFIED. Shares 104094372 VERIFIED. Cash R$73301K + R$39336K STI VERIFIED. BTC $58559 Yahoo v8 Jun 30 (#A-45). FX 0.1932 (BRL/USD 5.1747).", "stock_price": 1.069, "stock_price_as_of": "2026-08-31T19:33:46.000Z", "stock_price_source": "yahoo", "strc_holdings_usd": 0, "ticker": "CASH3", "wrapper_annual_usd": 0, "wrapper_annual_usd_verified": false } ], "license": "Free to use with attribution to cebetracker.io", "methodology": "https://cebetracker.io/methodology/", "notes": "This feed serves the same construction on two explicit bases, and every price is dated. SNAPSHOT BASIS (the verified, filing-anchored view): balance sheet figures are from each company's latest snapshot, sourced from primary filings (see per-company source), and btc_price is the BTC/USD price on as_of. senior_claims_pct, cebe_sats, and cebe_mnav are computed at that price. A dated btc_price is not stale data; it is the price at which the filing-anchored figures were anchored. LIVE BASIS (the same construction marked to current price): btc_price_live is the current BTC/USD price (CoinGecko, timestamped by btc_price_live_as_of), and senior_claims_pct_live, cebe_sats_live, and cebe_mnav_live recompute the identical formula at that price, so fiat claims re-convert and the whole lens moves together. Formula on either basis: claims = max(0, (debt_usd + preferred_usd - cash_usd - strc_holdings_usd) / btc_price_basis + btc_claim_static) / btc_holdings, capped to [0, 100]; cebe_sats = btc_holdings * (1 - claims) / basic_shares, in satoshis; cebe_mnav = market_cap_usd / (btc_holdings * (1 - claims) * btc_price_basis). Net Senior Claims carries three fiat terms, Debt plus Preferred less Cash, with strc_holdings_usd netting issuer-held senior securities. preferred_usd is carried at ACCRUED liquidation preference, so declared but unpaid arrears are already inside it. dividends_payable_usd is served as a NON-NETTING DISCLOSURE field and is not an input to any figure in this feed: adding it to the formula above would double-count the arrears that preferred_usd already carries. It is null when the company has not reported the figure and 0 when it has reported that none stands declared and unpaid; those are different facts and null is not a zero. stock_price is USD, from the same quote pipeline the site tracker uses (Finnhub for US and OTC listings, Yahoo Finance for international venues, non-USD prices converted at CoinGecko cross rates); it is the last available trade or close, timestamped by stock_price_as_of, never a live tick. market_cap_usd = stock_price * basic_shares. Stock-derived fields are null when no dated quote is available; live-basis fields are null when no live BTC price is available. Contract: additive changes only.", "version": 1 }, "license": "Free to use with attribution to cebetracker.io", "retrieved_at": "2026-08-31T19:49:35.454682+00:00", "source_url": "https://cebetracker.io/api/v1/companies.json" }