MARA insider tape: three executives sell on the same day, but the cluster is small
A single-day Form 4 cluster at Marathon Digital totals roughly $1 million across three reporting owners, all coded as open-market sales.
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Research notes across crypto equity, filings, insider activity, ETF wrappers, and market context, written from the records outward.
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Coinbase's Q1 8-K: $1.41 billion lands into a fear tape
COIN booked $1.41 billion in Q1 revenue and filed the 8-K into a crypto market reading 28 on the Fear and Greed index.
Coinbase's revenue mix is the hardest question in crypto-equity right now
COIN's $1.41 billion Q1 2026 revenue lands in a landscape where every other Bitcoin-linked equity category is telling a simpler story.
MARA's February 8-K adds a contractual layer to a miner already running on Bitcoin price
MARA filed a material definitive agreement alongside a Reg FD item on February 26, landing against an equity up 57% in three months and a crypto tape still priced for caution.
RIOT's Q1 8-K lands as the stock doubles off its lows
Riot Platforms filed Q1 operational and financial results on April 30, with revenue at $167 million and a Bitcoin treasury position disclosed at $1.07 billion fair value as of March 31.
Strategy's May 8-K lands with a $64 billion Bitcoin position behind it
Strategy filed a results 8-K on May 5 with its Bitcoin treasury valued at $64.04 billion as of April 26, against Bitcoin dominance at a multi-year high and crypto sentiment deep in fear.
COIN Filed an Item 2.05. That Means Restructuring.
Coinbase's May 5 8-K carries an Item 2.05 disclosure, the SEC line item for exit and disposal costs. The filing lands while the stock sits more than 55% below its 52-week high and crypto sentiment reads fear.
CleanSpark's May 8-K lands with a treasury bigger than a year of revenue
CleanSpark filed quarterly operational results on May 11 with a Bitcoin treasury that now outweighs trailing revenue and a filing cadence at the ceiling.
FBTC's first 10-Q: what a spot Bitcoin ETF actually discloses
Fidelity's spot Bitcoin ETF filed its inaugural 10-Q in May 2024. The document is short, simple, and tells you exactly three things that matter.
CleanSpark's December quarter 10-Q: the balance sheet caught up to the mining business
CLSK's February 10-Q covers a quarter when production economics and Bitcoin accumulation were both moving, and a later filing put a dollar figure on the stack.
Strategy's Q1 2026 10-Q: the treasury position now defines the company
Strategy's March 2026 quarterly filing confirms that Bitcoin accounting, not software revenue, is the primary driver of reported financials.
GLXY insider tape: Deason's P-code buy reads as conviction, not compensation
Douglas Deason bought GLXY shares on the open market February 4, a discretionary P-code purchase that carries more weight than the option-linked selling that fills most insider tapes.
GLXY insider tape: Deason's all-P-code cluster reads as conviction, not compensation
Douglas Deason put roughly $1.03 million into Galaxy Digital across eight open-market purchases in six days. The all-P-code structure strips out the usual mechanical explanations.
COIN insider tape: three officers, one direction, four days
Three Coinbase officers sold across four straight days in late February. The dollar size is small. The pattern is not.
COIN insider tape: Haas sale is contained, not a broadening signal
Coinbase CFO Alesia Haas filed two S-coded transactions on March 16 totaling roughly $2 million, a single-day cluster that reads as routine disposition.
Patten's April MSTR cluster is real selling, not option mechanics
Director Jarrod Patten filed six S-coded Form 4 transactions at MSTR between April 7 and April 13, totaling roughly $963,000 in proceeds, with no derivative exercise behind any of them.
MARA insider tape: two sellers, one day, limited signal
A same-day Form 4 cluster from Salman Hassan Khan and Frederick Thiel totals roughly $399,000 in open-market sales. The size and structure keep the read routine.
HOOD insider tape: co-founders sell $6.14 million as stock sits 32% below year-start
An 11-transaction Form 4 cluster from Robinhood's co-founders and a senior executive landed April 15-16, totaling roughly $6.14 million in S-coded sales against a stock down nearly a third year-to-date.
HOOD director sold $769K on May 4. The drawdown changes how it reads.
Daniel Martin Gallagher Jr. filed four open-market sales on May 4 totaling roughly $769,000, with HOOD down more than 30% year-to-date.
COIN insider tape: Haas's single sale is a data point, not a signal
Coinbase CFO Alesia Haas filed one open-market sale on March 4 for roughly $2 million. One officer, one code, one day. That's not enough to build a thesis around.
IBIT's July 2024 Material Agreement 8-K Reads As Plumbing, Not Strategy
BlackRock's spot Bitcoin ETF filed an Item 1.01 material agreement disclosure on July 26, 2024. For a wrapper this direct, that filing category points at fund mechanics, not management decisions.
Patten sells MSTR again: a small cluster with a familiar pattern
Director Jarrod Patten filed two open-market sales on April 20 totaling roughly $250,000, repeating a disposition pattern that has now appeared across multiple calendar periods.
IBIT's April 8-K: A Material Agreement Lands In A Fearful Tape
BlackRock's spot Bitcoin ETF filed a material definitive agreement on April 8, 2025. The disclosure is real, the counterparty terms are not in the item labels, and the surrounding tape is split.
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.