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ParaFi Capital LP

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13F filer, CIK 1919332, NEW YORK, NY

ParaFi Capital LP reported $206,763,449 across 11 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001284

Period
2025-03-31
Reported value
$207M
Holdings
11
Top 10 weight
100%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
COINadded+26,516$4.57M
CORZadded+293,210$2.12M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BITBexited-1,960,000-$99.7M
FBTCreduced-590,000-$42.5M
BTCreduced-100,000-$3.65M
MSTRexited-3,001-$869K
WULFreduced-200,000-$546K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001420506-25-001284, largest first. % of portfolio is the value over $205,163,657, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,887,501 shares; 2025Q1: 1,887,501 shares 1,887,501$88.4M43.07%0Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,175,000 shares; 2025Q1: 585,000 shares 585,000$42.1M20.52%-590,000Timeline
ETHWBITWISE ETHEREUM ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,820,000 shares; 2025Q1: 1,820,000 shares 1,820,000$23.9M11.64%0Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,861,613 shares; 2025Q1: 3,154,823 shares 3,154,823$22.8M11.13%+293,210Timeline
BTCGRAYSCALE BITCOIN MINI TR ETQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 520,000 shares; 2025Q1: 420,000 shares 420,000$15.3M7.47%-100,000Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 36,684 shares; 2025Q1: 63,200 shares 63,200$10.9M5.31%+26,516Timeline
WULFTERAWULF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 851,000 shares; 2025Q1: 651,000 shares 651,000$1.78M0.87%-200,000Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ISHARES BITCOIN TRUST ETFISHARES BITCOIN TRUST ETF CALLcall1,402$645Knew
ISHARES BITCOIN TRUST ETFISHARES BITCOIN TRUST ETF PUTput272$452K-27,028
COINBASE GLOBAL INCCOINBASE GLOBAL INC CALLcall110$429Knew
STRATEGY INCSTRATEGY INC CALLcall12$74.2Knew

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BITBBITWISE BITCOIN ETF TR1,960,000$99.7Mshares
MSTRSTRATEGY INC3,001$869Kshares
STRATEGY INCSTRATEGY INC3,000$869Kput

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-001284 base2025-05-15acceptance time not in the bulk data set