Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$4.72M (5 inflow days, 15 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 41.7% of shares outstanding.
Reported short interest has risen from 6.19% to 8.73% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Georgia Quinn | Individual/Insider | 2026/Q3 | +146,956 | 0.2% |
| Ryan Navi | Individual/Insider | 2026/Q3 | +146,956 | 0.2% |
| Brazier Christopher | Individual/Insider | 2026/Q3 | +137,500 | 0.2% |
| Nuveen Asset Management LLC | Insurance Company | 2026/Q3 | +446,255 | 0.6% |
| JPMorgan Chase & Co. | Public Company | 2026/Q3 | +2,358,479 | 3.2% |
| Bank of America Corporation | Public Company | 2026/Q3 | +910,181 | 1.3% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +83,316 | 1.2% |
| Vanguard Capital Management, LLC | Mutual Fund | 2026/Q3 | +1,998,926 | 4.2% |
| Weiss Asset Management, LLC | Hedge Fund | 2026/Q3 | +904,581 | 1.2% |
| State Street Global Advisors | Mutual Fund | 2026/Q3 | +671,735 | 1.3% |
| Teachers Insurance and Annuity Association-College Retirement Equities Fund | Mutual Fund | 2026/Q3 | +446,255 | 0.6% |
| Vanguard Portfolio Management, LLC | Mutual Fund | 2026/Q3 | +415,422 | 0.6% |
| Northern Trust Global Investments | Mutual Fund | 2026/Q3 | +329,094 | 0.6% |
| UBS Asset Management | Mutual Fund | 2026/Q3 | +265,188 | 0.5% |
| BNY Mellon Asset Management | Mutual Fund | 2026/Q3 | +157,389 | 0.2% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 7 Aug 2026 | Brazier Christopher | Chief Financial Officer | Other Acquisition | +137,500 | – | 137,500 |
| 7 Aug 2026 | Ryan Navi | Chief Investment Officer | Other Acquisition | +146,956 | – | 156,956 |
| 7 Aug 2026 | Georgia Quinn | Other Acquisition | +146,956 | – | 146,956 | |
| 13 Jul 2026 | Michael Ashe | Director | Initial Statement of Beneficial | +0 | – | 13,514 |
| 18 May 2026 | Michael Pruitt | Interim Chief Executive Officer | Open Market Acquisition | +500 | $4.16 | 1,500 |
| 13 May 2026 | Galaxy Digital LP | Initial Statement of Beneficial | +0 | – | 1,783,519 | |
| 4 May 2026 | Pyahm Samani | Former Chairperson | Other Acquisition | +1,783,519 | $4.43 | 3,134,871 |
| 29 Apr 2026 | Pyahm Samani | Former Chairperson | Other Derivative Acquisition | +4,458,796 | $0.01 | 4,458,796 |
| 15 Apr 2026 | Brazier Christopher | Chief Financial Officer | Other Acquisition | +275,000 | – | 275,000 |
| 15 Apr 2026 | Brazier Christopher | Chief Financial Officer | Other Derivative Acquisition | +275,000 | – | 275,000 |
| 9 Mar 2026 | Michael Pruitt | Interim Chief Executive Officer | Other Derivative Acquisition | +100,000 | $5.02 | 100,000 |
| 9 Mar 2026 | Keith Johnson | Independent Non-Executive Director | Other Derivative Acquisition | +150,000 | $5.02 | 150,000 |
| 9 Mar 2026 | Sangita Shah | Lead Independent Director | Other Derivative Acquisition | +150,000 | $5.02 | 150,000 |
| 7 Mar 2026 | Ryan Navi | Chief Investment Officer | Other Acquisition | +382,085 | – | 382,085 |
| 7 Mar 2026 | Ryan Navi | Chief Investment Officer | Other Derivative Acquisition | +352,694 | – | 352,694 |
| 7 Mar 2026 | Kathleen Weisberg | Chief Financial Officer | Other Derivative Acquisition | +50,000 | $4.83 | 50,000 |
| 7 Mar 2026 | Georgia Quinn | Other Acquisition | +293,911 | – | 293,911 | |
| 7 Mar 2026 | Georgia Quinn | Other Derivative Acquisition | +293,912 | – | 293,912 | |
| 2 Mar 2026 | Jump Trading, LLC | Initial Statement of Beneficial | +0 | – | 100 | |
| 2 Mar 2026 | J Digital 6 Cayman Ltd. | Initial Statement of Beneficial | +0 | – | 4,458,796 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 6,448,043 | 8.7% | 3.4 |
| 31 Aug 2026 | 6,186,661 | 8.4% | 2.6 |
| 14 Aug 2026 | 6,015,485 | 8.1% | 7.3 |
| 31 Jul 2026 | 5,899,424 | 8.0% | 6.5 |
| 15 Jul 2026 | 5,218,343 | 7.1% | 3.8 |
| 30 Jun 2026 | 4,568,390 | 6.2% | 2.1 |
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