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ParaFi Capital LP

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13F filer, CIK 1919332, NEW YORK, NY

ParaFi Capital LP reported $548,081,711 across 14 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 99.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-002170

Period
2025-06-30
Reported value
$548M
Holdings
14
Top 10 weight
99.55%
New
7
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BITBnew+1,960,000$115M
FBTCadded+505,000$47.5M
SBETnew+4,715,430$46.8M
COINBASE GLOBAL INCnew+8,000,000$10.5M
COINadded+29,800$10.4M

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
WULFexited-651,000-$1.78M
IBITreduced-12,498-$765K

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, Q2 2025

Share positions as resolved from 13F-HR 0001420506-25-002170, largest first. % of portfolio is the value over $545,339,868, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BITBBITWISE BITCOIN ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,960,000 shares; 2025Q1: not reported; 2025Q2: 1,960,000 shares 1,960,000$115M21.06%newTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,887,501 shares; 2025Q1: 1,887,501 shares; 2025Q2: 1,875,003 shares 1,875,003$115M21.05%-12,498Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,175,000 shares; 2025Q1: 585,000 shares; 2025Q2: 1,090,000 shares 1,090,000$102M18.79%+505,000Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,861,613 shares; 2025Q1: 3,154,823 shares; 2025Q2: 3,364,763 shares 3,364,763$57.4M10.53%+209,940Timeline
SBETSHARPLINK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,715,430 shares 4,715,430$46.8M8.59%newTimeline
ETHWBITWISE ETHEREUM ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,820,000 shares; 2025Q1: 1,820,000 shares; 2025Q2: 1,820,000 shares 1,820,000$32.9M6.03%0Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 36,684 shares; 2025Q1: 63,200 shares; 2025Q2: 93,000 shares 93,000$32.6M5.98%+29,800Timeline
BTCGRAYSCALE BITCOIN MINI TR ETQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 520,000 shares; 2025Q1: 420,000 shares; 2025Q2: 520,000 shares 520,000$24.8M4.55%+100,000Timeline
COINBASE GLOBAL INCCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,000,000 shares 8,000,000$10.5M1.92%new
COINBASE GLOBAL INCCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,000,000 shares 5,000,000$5.78M1.06%new
TRONTRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 320,000 shares 320,000$2.48M0.45%newTimeline

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
CORE SCIENTIFIC INC NEWCORE SCIENTIFIC INC NEW CALLcall4,084$1.59Mnew
CIRCLE INTERNET GROUP INCCIRCLE INTERNET GROUP INC PUTput101$937Knew
ISHARES BITCOIN TRUST ETFISHARES BITCOIN TRUST ETF CALLcall2,001$212K+599

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
WULFTERAWULF INC651,000$1.78Mshares
ISHARES BITCOIN TRUST ETFISHARES BITCOIN TRUST ETF272$452Kput
COINBASE GLOBAL INCCOINBASE GLOBAL INC110$429Kcall
STRATEGY INCSTRATEGY INC12$74.2Kcall

How Q2 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 0001420506-25-002170 base2025-08-14acceptance time not in the bulk data set