| Brevan Howard Digital Asset Multi-Strategy Fund Limited | $187.8M |
| Axonic Credit Opportunities Fund, LP | $147.7M |
| Millennium International, Ltd | $131.5M |
| Galaxy Institutional Bitcoin Fund, Ltd. | $97.5M |
| Purpose Bitcoin ETF | $89.2M |
| 3IQ BITCOIN ETF | $84.7M |
| Elliott Associates, LP | $68.0M |
| Elliott International Limited | $67.7M |
| 3IQ SOLANA STAKING ETF | $32.7M |
| Multicoin Index Fund Offshore SPC | $31.4M |
| PANTERA BITCOIN FEEDER FUND LTD | $27.7M |
| Payward, Inc (Kraken) | $26.0M |
| Fidelity Advantage Bitcoin ETF | $19.4M |
| CI Galaxy Bitcoin ETF | $17.4M |
| Oaktree Value Opportunities (Cayman) Fund, Ltd. | $12.4M |