RIOT insider tape: a $4.41 million sale at the 52-week high, one transaction deep
Les Jason's open-market sale on May 11 is the largest single RIOT insider transaction this cluster window, and it landed exactly at the stock's 52-week peak.
Sawse Research
Research notes across crypto equity, filings, insider activity, ETF wrappers, and market context, written from the records outward.
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Patten's April MSTR Sale Is Small and Says Little
Director Jarrod Patten sold roughly $286,000 of Strategy stock on April 30 in a single-day Form 4 cluster, a routine director disposition that does not move the insider read.
Patten sold MSTR again, and this cluster has no option cover
Director Jarrod Patten's six-transaction Form 4 cluster totals roughly $714,000 in pure open-market sales between May 8 and May 11. No M-code exercises this time.
ARKB's September 8-K Is Worth Reading, Not Worrying About
ARK 21Shares Bitcoin ETF filed an 8-K disclosing a material definitive agreement on September 12, 2024. For a spot Bitcoin ETF, that disclosure is a prompt to read the agreement text, nothing more.
HOOD insider tape: three executives sold $27 million on the same day
A concentrated April 6 cluster involving Robinhood's CEO, a co-founder, and a director totaling roughly $27.3 million in open-market sales is bigger than a routine compensation event.
IBIT's September 2024 8-K: A Material Agreement Inside A Pure-Exposure Wrapper
BlackRock's spot Bitcoin ETF filed an 8-K disclosing entry into a material definitive agreement. For a pure-exposure vehicle, the relevant question is which piece of plumbing it touches.
Patten sells MSTR again, and $442,000 over two days stays director-level noise
A two-day S-code cluster from director Jarrod Patten repeats a familiar disposition pattern at Strategy. Nothing in the mechanics or size changes the read on insider conviction.
RIOT's Year-End 8-K Is a Contract Swap, Not a New Deal
RIOT filed a dual-item agreement disclosure on December 31, lining up a contract transition while the stock sits near multi-year highs.
Patten's May MSTR cluster is all sales, no option mechanics
Eight open-market sales totaling roughly $757,000 between May 1 and May 4 put Strategy director Jarrod Patten back on the tape with no derivative exercise to explain the activity away.
Galaxy Digital's February 8-K lands in a Bitcoin-led tape
GLXY filed results on February 3, 2026, with a Filing Risk Score of 78 and a BTC Exposure Score of 85. The item list is routine. The context is not.
FBTC's February 8-K: a material agreement and officer change in a spot Bitcoin ETF
Fidelity's spot Bitcoin ETF filed an 8-K on February 5, 2026 disclosing a material definitive agreement and officer-level changes, a combination that sits above routine ETF disclosure cadence.
MARA's February 8-K: production results meet a treasury that now anchors the balance sheet
MARA's results 8-K lands at the intersection of miner operating economics and a Bitcoin treasury disclosed at $2.41 billion fair market value as of March 31, 2026.
Galaxy Digital's December Reg FD Filing Lands in a Fear Tape
GLXY dropped a Regulation FD 8-K on December 11 into a crypto market sitting at 28 on Fear and Greed and 58.2% Bitcoin dominance.
RIOT's Material Agreement Lands Into A Near-Tripled Equity
An April 27 8-K disclosing a material definitive agreement adds to an already dense filing cadence for RIOT, whose equity has nearly tripled over the past year.
CLSK's February 8-K: the Bitcoin treasury now rivals annual revenue
CleanSpark filed Item 2.02 results on February 5, 2026. The number that matters is not on the income statement.
Galaxy Digital's April 8-K lands while the crypto tape is still afraid
GLXY filed a results-category 8-K on April 28 as its equity staged a sharp recovery against a fear-dominated crypto market.
RIOT's March 8-K Lands With $167M In Revenue And A $1.07B Bitcoin Stack After A Triple
RIOT's March 2 results filing puts hard numbers on a miner that has outrun most of its peers over the past year.
Robinhood's Q1 8-K lands in a fearful crypto tape
HOOD posted $1.07 billion in Q1 revenue. Three weeks later, crypto sentiment slid into fear, putting the platform's trading-revenue mix directly in focus.
Galaxy Digital files a material agreement 8-K into a fear-dominated crypto tape
GLXY's May 8 8-K discloses entry into a material definitive agreement. The terms are not in the public summary, and the stock is up 23% in 30 days against a fearful crypto tape.
MARA's Q1 8-K: a $2.41 billion Bitcoin treasury dwarfs $174.6 million in revenue
MARA's May 11 results filing puts a Bitcoin treasury roughly 14 times the size of quarterly revenue at the center of the equity story.
IBIT's first 10-K reads like a wrapper disclosure, not a corporate filing
BlackRock's IBIT filed its inaugural annual report in March 2024, and the document confirms why AUM, flows, and the wrapper's mechanics matter more than anything resembling issuer fundamentals.
MARA's April 8-K Adds A Material Agreement To An Already Loaded Balance Sheet
MARA disclosed a new material definitive agreement on April 29, landing on top of a $2.41 billion Bitcoin treasury and a sharp three-month equity recovery.
IBIT's 10-Q Is A Custody Receipt, Not An Earnings Document
BlackRock's spot Bitcoin ETF files quarterly with the SEC. The filing confirms the wrapper works. The research case lives elsewhere.
IBIT's First 10-Q Tells You What To Watch
BlackRock's spot Bitcoin ETF filed its inaugural quarterly report in May 2024, and the document confirms that AUM, flows, and premium-to-NAV tracking are the only metrics that matter for this wrapper.