Sawse's marquee tier for public equities and ETF wrappers where digital-asset exposure changes the research question.
BTC exposure, exchange revenue, miner economics, ETF wrapper mechanics, SEC filings, ownership records, and event risk.
What changed
$CORZ filed four 8-Ks in the last 30 days, against a prior 90-day baseline median of one signal filing per 30-day window. The recent set includes two material agreement 8-Ks on May 6, 2026, an 8-K on May 15, 2026, and a leadership or governance 8-K on May 26, 2026.
$CORZ filed four 8-Ks in the past 30 days, up from a 90-day baseline median of one per 30 days, including a May 26 leadership or governance 8-K, a May 15 8-K, and two May 6 material agreement 8-Ks.
$IREN posted five 8-Ks between May 11 and Jun 1, 2026, against a 90-day baseline median of zero per 30 days. Three of the five are tagged material agreement (May 14, May 26, Jun 1), with two other-event 8-Ks on May 11 and May 12.
$HOOD director Malka Meyer reported a 249,000 share open-market purchase on May 28, 2026 valued at $20.0M (code P). Evidence shows no prior officer or director P-code purchase cluster in the 730-day lookback, and Meyer's clustered Form 4 activity in the prior 90 days carried codes S, M, and A rather than P.
$IREN filed five 8-Ks between May 11 and Jun 1, 2026, three flagged as material agreements, against a 90-day baseline median of zero non-routine filings per 30 days. The cluster includes 8-Ks on Jun 1, May 26, May 14, May 12, and May 11.
$BITF filed two 8-Ks on Jun 4 and Jun 5, 2026, against a 90-day baseline median of zero 8-Ks per 30-day window. Both are tagged as other_event, and the prior 8-K activity was a leadership_or_governance and material_agreement pair on Apr 1 and Apr 3, 2026.
Two Robinhood Markets officers filed S-code Form 4 transactions on the same day the stock fell roughly 6%, a timing combination that sharpens the read on the cluster.
MSTR, COIN, MARA, and IBIT all carry Bitcoin exposure, but the filings, economics, and analytical frameworks that matter for each have almost nothing in common.
The macro tape flashed extreme fear on June 5 while MSTR and COIN carried the heaviest price damage and MARA stood out as the only major name with a positive 30-day return.
The crypto Fear and Greed index hit extreme fear on June 4 while MARA posted the strongest 30-day price performance in the universe and MSTR absorbed a 26% monthly drawdown.
Frederick Wilson filed a single-day Form 4 cluster on June 1 covering ten S-coded transactions totaling roughly $1.82 million, a clean open-market disposal with no offsetting acquisition activity.
Two Robinhood executives reported tax-withholding share dispositions on the same day, a compensation-linked pattern that reads as mechanical rather than discretionary.
Todd Duchene's June 1 Form 4 cluster totals roughly $284,000 in S-coded sales, filed the same day CORZ touched its 52-week high.
The crypto Fear and Greed index hit extreme fear on June 3 while MARA posted a 30-day gain of nearly 30%, the sharpest move in the covered universe.
Michael Daffey's two-transaction Form 4 cluster at Galaxy Digital totals roughly $8.27 million but carries the hallmarks of option-linked disposition rather than a discretionary view on the equity.
Four Galaxy Digital insiders filed Form 4s on June 1, all coded F, pointing to tax-withholding dispositions rather than discretionary selling.
MARA's 34% one-month run is the standout price move in the universe, but a Fear and Greed reading of 23 and a Bitcoin dominance above 56% frame the backdrop for every name on the board.
Jarrod Patten filed another M-code Form 4 cluster at Strategy, three transactions across two days, totaling roughly $414,000.
Director Jarrod Patten's latest Form 4 cluster at Strategy runs 11 transactions and roughly $3.4 million in proceeds, fitting the same disposition cadence seen earlier this year.
Meyer Malka's P-code purchase on May 28 is the kind of open-market insider buy that does not happen by accident.
MARA's 30-day surge stands out against a fear-dominated macro backdrop, while COIN's revenue mix and MSTR's filing cadence keep their own stories moving.
MSTR, COIN, MARA, and IBIT all carry Bitcoin exposure, but the exposure works differently in each case and demands a different analytical lens.
Lawrence J. Brock filed nine open-market sale transactions on May 22, totaling roughly $1.25 million, against a stock that has lost more than 10% over the prior month.
Rick Rickertsen filed two S-code Form 4 transactions totaling roughly $3.66 million as HUT traded near its highest level in a year, a timing detail that sharpens the read on an otherwise modest cluster.
Le Phong's P-code purchase on May 22 is small in dollar terms but rare in form at Strategy, where open-market buys almost never appear on the insider tape.
The July 28 8-K confirms Strategy made zero Bitcoin acquisitions during the week of July 21 through July 27, leaving its aggregate holdings unchanged at 607,770 BTC.
MARA filed its June 2025 10-Q on July 29, and the document puts miner economics and Bitcoin treasury scale under the same quarterly microscope.
Robinhood filed its June 30 quarterly report against a backdrop of a 30-day price decline that dwarfs the broader market, putting the crypto-revenue wedge squarely in focus.
Strategy's July 31 8-K discloses the first monthly cash dividend on its Variable Rate Perpetual Stretch Preferred Stock, a new layer in the company's expanding preferred equity architecture.
COIN filed its June 30 quarterly report on July 31, and the disclosure cadence alone tells you this is not a quiet quarter.
The August 4 8-K confirms Strategy deployed $2.46 billion from its STRC preferred offering into Bitcoin at an average of $117,256 per coin, pushing aggregate holdings to 628,791 BTC.
GLXY filed its June 30 quarterly report on August 5, and the disclosure cadence tells a more active story than the headline filing category suggests.
MSTR's Q2 2025 filing lands as Bitcoin sentiment sits in fear territory and the stock trades well below its 52-week high, making the financing and BTC accumulation disclosures the only numbers that matter.
CLSK's June-quarter filing captures a miner mid-expansion, with ceiling-level filing risk and a Bitcoin treasury position that hit $813 million in fair market value by March.
HUT filed its June 30 quarterly report on August 7, and the filing lands against a price chart that has moved faster than most miners in the sector.
CORZ filed its June 30 quarterly report on August 8, and the filing lands as the stock sits near a 52-week high after more than doubling over the past year.
TeraWulf's August 10-Q covers a period when the stock was still near its 52-week low, making the subsequent price run the more interesting context for reading this filing.
IREN filed its annual report on August 28, 2025, covering the fiscal year ended June 30, and the disclosure cadence that drove its Filing Risk Score to 100 now has a full-year document to match.
An August 28 separation agreement with a named officer gives GLXY investors the first concrete terms of a leadership departure disclosed under Item 5.02.
Hut 8 just secured a revolving credit facility using Bitcoin as collateral, adding liquidity capacity without diluting equity.
The September 2 8-K shows Strategy bought another 4,048 Bitcoin between August 26 and September 1, funded across four ATM programs, bringing aggregate holdings to a new disclosed high.
The September 22 8-K shows Strategy bought another 850 Bitcoin between September 15 and 21, funded through its STRF ATM and MSTR ATM programs, pushing aggregate holdings to 639,835 BTC.
The September 30 8-K confirms the STRC cash dividend for the month ending October 31, 2025, at $0.854166667 per share.
IREN's October 7 8-K reveals a major capital raise that pairs a new convertible note offering with a full accounting of its at-the-market program.
Strategy filed an 8-K on October 14 disclosing updates to its ATM offering programs and Bitcoin holdings, keeping the capital markets cadence that defines the equity story.
CORZ filed its Q3 2025 10-Q on October 24, and the filing lands while the stock has more than doubled from its 52-week low, making the disclosure cadence the sharpest lens on what comes next.
WULF filed an 8-K on October 29 announcing a $500 million Rule 144A convertible senior note offering due 2032, with an option for purchasers to take an additional $75 million.
COIN's October 2025 quarterly filing lands with Filing Risk and Event Momentum both at 100, while the stock sits more than 58% below its 52-week high.
RIOT's October 2025 quarterly filing lands with a Filing Risk Score at the ceiling and a Bitcoin treasury position that makes energy economics the central read.
Core Scientific's special meeting ended without the votes to approve the CoreWeave deal, leaving the company's strategic direction unresolved.
Strategy bumped the annual rate on its STRC preferred stock from 10.25% to 10.50% and declared an $0.875 per-share cash dividend payable November 30.
A five-year contract to supply Microsoft with dedicated GPU infrastructure at Childress, Texas reframes IREN's business model and its capital structure in a single filing.
Strategy filed an 8-K on November 3 announcing plans to offer 3.5 million shares of 10.00% Series A Perpetual Strife Preferred Stock, adding a new layer to its capital structure.
Strategy's third-quarter filing lands against a backdrop of elevated disclosure intensity and a stock trading well below its 52-week peak.
HUT filed its September 2025 quarterly report against a backdrop of elevated filing-risk signals and a price run that has outpaced most of its miner peers.
MARA filed a results 8-K on November 4, 2025, and the filing arrives against a backdrop of sharp short-term recovery and a Bitcoin treasury position that crossed $2.4 billion by March 2026.
MARA's Q3 2025 10-Q shows the miner running hard on hashrate while carrying a Bitcoin treasury position that now shapes the equity story as much as mining margins do.
IREN filed its September 2025 quarterly report in November, and the disclosure pattern around fleet expansion, power costs, and Bitcoin exposure puts it firmly in the high-monitoring tier.
IREN filed an operational results 8-K on November 6, 2025, and its Sawse scores reflect a company generating dense disclosure activity at a moment when the equity has already repriced sharply higher.
The November 6 underwriting agreement with Barclays and Morgan Stanley adds a new currency dimension to Strategy's capital-markets playbook.
TeraWulf's third-quarter filing shows a miner whose equity story now turns almost entirely on power infrastructure scale and financing cadence rather than near-term Bitcoin production economics.
GLXY's November 2025 quarterly filing lands with ceiling-level filing risk and event momentum scores, signaling a disclosure cadence that demands closer reading than the headline revenue figure suggests.
The November 17 8-K confirms 649,870 BTC in aggregate holdings and discloses final proceeds from the euro-denominated preferred stock offering that funded part of the purchase.
The annual filing for fiscal year 2025 shows CleanSpark deepening its Bitcoin-first identity while disclosing the most significant risk-factor changes in at least two years.
IREN's December 1 dual-offering structure is a liability management move, not a straightforward capital raise.
The December 1 8-K reveals Strategy funded a dedicated USD reserve from ATM equity sales, adding a new layer of capital structure discipline around its preferred stock obligations.
WULF's December 18 filing is a Regulation FD disclosure tied to an investor presentation for a Flash Compute offering, not a TeraWulf capital event.
A subsidiary-level private placement of senior secured notes signals a major capital raise for WULF's infrastructure ambitions.
The January 2 8-K locks in the preferred stock dividend terms for STRC holders and adds another data point to Strategy's capital structure obligations.
The January 12 8-K shows Strategy deploying $1.25 billion across equity and preferred stock sales to reach 687,410 BTC held, with more than $10 billion in common stock ATM room remaining.
The February 23 8-K confirms another ATM-funded Bitcoin purchase, pushing Strategy's aggregate stack to its largest disclosed level.
MARA's 90-day run of 73% stands apart from the rest of the crypto-equity universe, where MSTR and COIN each shed more than 10% over the past month against a fear-dominated macro backdrop.
Baiju Bhatt and Shiv Verma filed S-coded Form 4 transactions totaling roughly $5.5 million across a six-day window, a cluster that lands while HOOD trades more than 34% below its year-end 2025 level.
Five Coinbase insiders filed F-code transactions on the same day, totaling roughly $7.26 million in value, a pattern that reads as tax-withholding disposition rather than discretionary selling.
MSTR, COIN, MARA, and IBIT all carry Bitcoin exposure, but the filings, economics, and risk profiles that matter for each are almost entirely different.
The January 20 8-K shows Strategy's largest single-week Bitcoin purchase in recent filings, pushing aggregate holdings to 709,715 BTC at an average cost of $75,979 per coin.