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.
Sawse Research
Research notes across crypto equity, filings, insider activity, ETF wrappers, and market context, written from the records outward.
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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.
ARKB's 10-Q Is A Compliance Artifact, Not A Read
ARK 21Shares Bitcoin ETF's quarterly report confirms the wrapper is working. The real ARKB question lives in flows, not filings.
FBTC's June 2024 10-Q: a pure-exposure wrapper settling into routine
Fidelity's spot Bitcoin ETF filed its second quarterly report as the category moved from launch novelty toward institutional infrastructure.
IBIT's 10-K confirms the wrapper is the product
BlackRock's spot Bitcoin ETF filed its first annual report in March 2025, and the document draws a clean line around what actually matters for this ticker.
FBTC's 10-Q: what a spot ETF filing actually discloses
Fidelity's spot Bitcoin ETF filed its September 2024 quarterly report. The value sits in what the wrapper structure reveals, not in earnings.
ARKB's 10-K: what a spot ETF annual report actually discloses
ARK 21Shares Bitcoin ETF filed its first full-year 10-K in March 2025. The value is in what the registered wrapper forces issuers to say on the record.
FBTC's First 10-K Set The Disclosure Template For Spot Bitcoin ETFs
Fidelity filed the inaugural annual report for a spot Bitcoin ETF in March 2024. Every issuer that followed is writing against that template.
FBTC's Q1 10-Q: the wrapper does exactly what it says on the label
Fidelity's spot Bitcoin ETF filed a clean March quarter 10-Q on May 9. The price tape around it is messier than the filing.
ARKB's first 10-Q: what a spot Bitcoin ETF actually discloses
ARK 21Shares Bitcoin ETF filed its inaugural quarterly report in May 2024, setting the disclosure baseline every spot Bitcoin ETF investor should understand.
IBIT's 10-Q is a wrapper filing, not a company filing
BlackRock's spot Bitcoin ETF filed its March 2025 quarterly report. The read belongs to AUM and flows, not issuer fundamentals.
IBIT's 10-Q confirms what the structure already implied: this is a Bitcoin price vehicle
BlackRock's spot Bitcoin ETF filed its June 30 quarterly report. The document reinforces a simple truth: AUM mechanics and flow dynamics are the only numbers that matter here.
IBIT's 10-Q Is a Wrapper Filing. Read It Like One.
BlackRock's spot Bitcoin ETF files quarterly reports, but the read belongs to AUM, flows, and tracking fidelity, not issuer fundamentals.
FBTC's 10-K confirms the wrapper works
Fidelity's spot Bitcoin ETF filed its fiscal 2024 annual report on March 14, 2025. The filing certifies custody and BTC-per-share mechanics. That is the entire signal.
FBTC's 10-Q Confirms the Wrapper Works. That Is About It.
Fidelity's spot Bitcoin ETF filed its September quarter 10-Q on November 7, 2025. The filing exists to satisfy the SEC. The numbers that move FBTC live somewhere else.