{ "schema_version": "1.0", "data_version": "2026.10.22.1", "generated_at": "2026-10-22T21:14:39Z", "taxonomy_version": "1.1", "records": [ { "id": "MSTR-001", "company": "Strategy Inc.", "ticker": "MSTR", "row": 1, "date": "2024-09-17", "date_raw": "2024-09-17/18 (ann.); completed 2024-09-19", "speaker": "Company", "venue": "Press release (8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "Offer $700M convertible senior notes due 2028 (144A) to acquire bitcoin; upsized at pricing", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$700M → $1.01B principal, 0.625% coupon, due 2028", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Completed 2024-09-19; $997.4M net proceeds (8-K 2024-09-20)", "resolution_authority": "SEC filing (8-K 2024-09-20)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-002", "company": "Strategy Inc.", "ticker": "MSTR", "row": 2, "date": "2024-10-30", "date_raw": "2024-10-30", "speaker": "Phong Le (CEO) + company", "venue": "Press release (Q3 2024 earnings, 8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "\"21/21 Plan\": raise $21B equity (ATM) + $21B fixed income over 3 years; \"plan to use the additional capital to buy more bitcoin\"", "claim_class": "strategic", "claim_subtype": "financing, BTC purchase", "target": "$42B total · 3 yrs (2025–2027)", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Equity leg fully sold by May 2025 (VanEck; May 1 2025 PR); fixed-income leg ≈ $5B converts + ~$1.7B preferreds, then plan superseded by 42/42 (May 1 2025)", "resolution_authority": "Formal PR (May 1 2025) + secondary research (VanEck) — flagged: pacing detail rests on secondary source", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL (~60%)", "result_v10": "partial", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-003", "company": "Strategy Inc.", "ticker": "MSTR", "row": 3, "date": "2024-10-30", "date_raw": "2024-10-30", "speaker": "Company", "venue": "SEC filing (8-K + 424B5)", "venue_class": "sec_filing", "claim": "Establish $21B at-the-market common-stock program", "claim_class": "transactional", "claim_subtype": "financing, dilution", "target": "Up to $21B MSTR sales, from time to time", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Fully utilized by May 1 2025 → replaced by new $21B ATM (May 1 2025 PR; VanEck)", "resolution_authority": "Formal PR (May 1 2025) + secondary research (VanEck)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-004", "company": "Strategy Inc.", "ticker": "MSTR", "row": 4, "date": "2024-10-30", "date_raw": "2024-10-30", "speaker": "Company", "venue": "Press release (Q3 2024 earnings)", "venue_class": "sec_filing", "claim": "Long-term target: annual BTC Yield of 6–10% between 2025 and 2027", "claim_class": "strategic", "claim_subtype": "KPI", "target": "6–10%/yr · 2025–2027", "materiality": "high", "actionability": "actionable", "resolution_evidence": "2025 actual BTC Yield 22.8% — exceeded range (Q4 2025 PR, Feb 5 2026); target itself superseded Feb 5 2025", "resolution_authority": "Formal PR (Q4 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT (exceeded; target superseded Feb 5 2025)", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-005", "company": "Strategy Inc.", "ticker": "MSTR", "row": 5, "date": "2025-01-27", "date_raw": "2025-01-27 (ann.); priced 2025-01-30", "speaker": "Company", "venue": "Press release + 8-K", "venue_class": "sec_filing", "claim": "STRK IPO: 7.3M shares of 8% Series A Perpetual Strike Preferred @ $80 ($584M gross, $563.4M net); proceeds for BTC + working capital", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$563.4M net · close 2025-02-05", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Closed 2025-02-05 per terms (8-K 2025-02-03)", "resolution_authority": "SEC filing (8-K 2025-02-03)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-006", "company": "Strategy Inc.", "ticker": "MSTR", "row": 6, "date": "2025-02-03", "date_raw": "2025-02-03", "speaker": "Company", "venue": "SEC filing (424B5)", "venue_class": "sec_filing", "claim": "Establish $21B STRK at-the-market program", "claim_class": "transactional", "claim_subtype": "financing", "target": "Up to $21B STRK sales", "materiality": "high", "actionability": "actionable", "resolution_evidence": "~$875M drawn by Mar 2025 (VanEck); only $3.4M STRK sold in Q1 2026 — program live but marginal after STRC launch (Q1 2026 PR)", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-007", "company": "Strategy Inc.", "ticker": "MSTR", "row": 7, "date": "2025-02-05", "date_raw": "2025-02-05", "speaker": "Company", "venue": "Press release (Q4 2024 earnings, 8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "2025 targets: BTC Yield ≥15%; new BTC $ Gain target $10B", "claim_class": "strategic", "claim_subtype": "KPI", "target": "15% · $10B · FY2025", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Actuals 22.8% / $8.9B (Q4 2025 PR): yield leg exceeded, $ gain leg missed as stated; both targets raised May 1 2025", "resolution_authority": "Formal PR (Q4 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL (1 of 2 legs)", "result_v10": "partial", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-008", "company": "Strategy Inc.", "ticker": "MSTR", "row": 8, "date": "2025-02-18", "date_raw": "2025-02-18/20 (ann.); settled 2025-02-24", "speaker": "Company", "venue": "Press release (8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "Offer $2B 0% convertible senior notes due 2030 (144A, +$300M greenshoe) for BTC", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$2B principal, 0% coupon, due 2030", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Settled 2025-02-24 (8-K 2025-02-24)", "resolution_authority": "SEC filing (8-K 2025-02-24)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-009", "company": "Strategy Inc.", "ticker": "MSTR", "row": 9, "date": "2025-03-18", "date_raw": "2025-03-18 (ann.); priced 2025-03-20", "speaker": "Company", "venue": "Press release (8-K Ex. 99.1; strategy.com)", "venue_class": "sec_filing", "claim": "STRF IPO: upsized $500M → 8.5M shares of 10.00% Series A Perpetual Strife Preferred @ $85 ($722.5M gross, $711.2M net, 10% cumulative); proceeds for BTC", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$711.2M net · settled 2025-03-25", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Settled 2025-03-25 per terms (strategy.com PR Mar 21 2025)", "resolution_authority": "Formal PR (strategy.com, Mar 21 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-010", "company": "Strategy Inc.", "ticker": "MSTR", "row": 10, "date": "2025-05-01", "date_raw": "2025-05-01", "speaker": "Phong Le / Saylor / company", "venue": "Earnings call (Q1 2025) + press release", "venue_class": "earnings_call", "claim": "\"42/42 Plan\": raise $84B — $42B equity + $42B fixed income (debt, converts, preferreds) medium-to-long term incl. original plan; incl. new $21B MSTR ATM", "claim_class": "strategic", "claim_subtype": "financing, BTC purchase", "target": "$84B · through 2027 / medium-long term", "materiality": "high", "actionability": "actionable", "resolution_evidence": "$25.3B raised in FY2025; $17.1B YTD through Jul 26 2026 via ATMs (Q4 2025 + Q2 2026 PRs) — on pace, horizon not reached", "resolution_authority": "Formal PR (Q4 2025, Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-011", "company": "Strategy Inc.", "ticker": "MSTR", "row": 11, "date": "2025-05-01", "date_raw": "2025-05-01", "speaker": "Company", "venue": "Press release (Q1 2025 earnings)", "venue_class": "sec_filing", "claim": "Raise 2025 targets: BTC Yield 15%→25%; BTC $ Gain $10B→$15B (citing 13.7% / $5.8B YTD momentum)", "claim_class": "strategic", "claim_subtype": "KPI", "target": "25% · $15B · FY2025", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Actuals 22.8% / $8.9B — both missed as stated; targets raised again Jul 31 2025", "resolution_authority": "Formal PR (Q4 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-012", "company": "Strategy Inc.", "ticker": "MSTR", "row": 12, "date": "2025-05-22", "date_raw": "2025-05-22", "speaker": "Company", "venue": "SEC filing (8-K)", "venue_class": "sec_filing", "claim": "Establish $2.1B STRF at-the-market program", "claim_class": "transactional", "claim_subtype": "financing", "target": "Up to $2.1B STRF sales", "materiality": "high", "actionability": "actionable", "resolution_evidence": "~$0 STRF sold in Q1 2026; program consolidated into omnibus ATM Nov 4 2025 (8-Ks)", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-013", "company": "Strategy Inc.", "ticker": "MSTR", "row": 13, "date": "2025-06-05", "date_raw": "2025-06-05 (priced); ann. 2025-06-06", "speaker": "Company", "venue": "Press release (8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "STRD IPO: 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred @ $85 ($1B gross, $979.7M net); dividends not mandatory; proceeds for BTC", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$979.7M net · settled 2025-06-10", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Settled 2025-06-10 per terms (8-K 2025-06-06)", "resolution_authority": "SEC filing (8-K 2025-06-06)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-014", "company": "Strategy Inc.", "ticker": "MSTR", "row": 14, "date": "2025-07-07", "date_raw": "2025-07-07", "speaker": "Company", "venue": "SEC filing (8-K)", "venue_class": "sec_filing", "claim": "Establish $4.2B STRD at-the-market program", "claim_class": "transactional", "claim_subtype": "financing", "target": "Up to $4.2B STRD sales", "materiality": "high", "actionability": "actionable", "resolution_evidence": "$0 STRD sold in Q1 2026; consolidated into omnibus ATM Nov 4 2025 (8-Ks)", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-015", "company": "Strategy Inc.", "ticker": "MSTR", "row": 15, "date": "2025-07-24", "date_raw": "2025-07-24 (priced); ann. 2025-07-25", "speaker": "Company", "venue": "Press release (8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "STRC IPO: upsized $500M → 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred @ $90 ($2.52B gross, ~$2.474B net); 9.00% initial monthly dividend; proceeds for BTC", "claim_class": "transactional", "claim_subtype": "financing, BTC purchase", "target": "$2.474B net · settled 2025-07-29", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Settled 2025-07-29 per terms (8-K 2025-07-25)", "resolution_authority": "SEC filing (8-K 2025-07-25)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-016", "company": "Strategy Inc.", "ticker": "MSTR", "row": 16, "date": "2025-07-31", "date_raw": "2025-07-31", "speaker": "Company (Phong Le, Andrew Kang)", "venue": "Press release (Q2 2025 earnings, 8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "Raise 2025 targets again: BTC Yield 25%→30%; BTC $ Gain $15B→$20B (citing 25% / $13.2B YTD)", "claim_class": "strategic", "claim_subtype": "KPI", "target": "30% · $20B · FY2025", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Actuals 22.8% / $8.9B — both missed as stated; targets cut Dec 1 2025", "resolution_authority": "Formal PR (Q4 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-017", "company": "Strategy Inc.", "ticker": "MSTR", "row": 17, "date": "2025-07-31", "date_raw": "2025-07-31", "speaker": "Andrew Kang (CFO)", "venue": "Press release (Q2 2025 earnings)", "venue_class": "sec_filing", "claim": "FY2025 guidance: operating income ~$34B, net income ~$24B, diluted EPS ~$80, explicitly conditioned on BTC at $150,000 at year-end", "claim_class": "strategic", "claim_subtype": "operational", "target": "FY2025 · conditional on $150k BTC", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "BTC closed 2025 at $87,515; company replaced guidance Dec 1 2025 with op. income $(7.0)B–$9.5B at $85–110k BTC (Dec 2025 company update)", "resolution_authority": "Formal PR + company update (Dec 2025)", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "CAUTIOUS — unscored (verdict changed: v1.0 scored MISS)", "result_v10": "miss", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-018", "company": "Strategy Inc.", "ticker": "MSTR", "row": 18, "date": "2025-07-31", "date_raw": "2025-07-31", "speaker": "Company", "venue": "Press release (Q2 2025 earnings)", "venue_class": "sec_filing", "claim": "mNAV-based Common ATM discipline: <2.5x mNAV → no common issuance except to pay debt interest / preferred dividends; 2.5–4.0x → opportunistic; >4.0x → active (thresholds \"may update in sole discretion\")", "claim_class": "strategic", "claim_subtype": "capital allocation, dilution", "target": "Standing framework", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Reaffirmed Oct 30 2025; issuance mix pivoted to preferreds in H2 2025 (STRD $4.2B ATM; Nov 4 omnibus ATM w/ $4.2B STRC capacity); $4.4B common ATM sold Q4 2025 (Q4 2025 PR) — directionally honored, self-modifiable", "resolution_authority": "Formal PR (Q4 2025; reaffirmed Oct 30 2025) + SEC filing (ATM 8-Ks)", "resolution_authority_level": null, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-019", "company": "Strategy Inc.", "ticker": "MSTR", "row": 19, "date": "2025-07-31", "date_raw": "2025-07-31", "speaker": "Company", "venue": "Press release (Q2 2025 earnings)", "venue_class": "sec_filing", "claim": "STRC rules-based monthly dividend framework (\"current intention, subject to change\"): 5-day VWAP <$95 → +50bps; $95–98.99 → +25bps; $99–100.99 → no change; intended to keep STRC near $100 par", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Monthly, standing", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Framework followed mechanically: 9.00% → 10.00% (Sep) → 10.25% (Oct) → 10.50% (Nov) → 10.75% (Dec) → 11.25% (Q4 2025 PR). But STRC fell to ~$90 in Nov 2025 panic and traded below par into 2026; company bought back $28.9M notional at 13% discount (Q2 2026 PR)", "resolution_authority": "Formal PR (Q4 2025, Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-020", "company": "Strategy Inc.", "ticker": "MSTR", "row": 20, "date": "2025-12-01", "date_raw": "2025-12-01", "speaker": "Company", "venue": "8-K + investor presentation (company update)", "venue_class": "sec_filing", "claim": "Revised 2025 targets: BTC Yield 22–26%; BTC $ Gain $8.4–12.8B (on $85–110k YE BTC); established $1.44B USD Reserve", "claim_class": "strategic", "claim_subtype": "reserve leg executed", "target": "FY2025 · reserve = 12-mo dividend coverage", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Actuals: 22.8% BTC Yield, $8.9B BTC $ Gain — both inside revised ranges (Q4 2025 PR); USD Reserve grew to $2.25B (Feb 2026) → $3.75B (Jul 2026)", "resolution_authority": "Formal PR (Q4 2025; reserve path via Feb/Jul 2026 PRs)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-021", "company": "Strategy Inc.", "ticker": "MSTR", "row": 21, "date": "2025-12-01", "date_raw": "2025-12-01 (same update)", "speaker": "Company", "venue": "8-K + investor presentation", "venue_class": "sec_filing", "claim": "Perpetual preferred dividends declared and paid on time and in full (STRK 8% cumulative, STRF 10% cumulative, STRD 10% non-mandatory, STRC variable monthly)", "claim_class": "transactional", "claim_subtype": "dividend payments", "target": "Standing obligation", "materiality": "high", "actionability": "actionable", "resolution_evidence": "23 consecutive distributions, $693M paid by May 2026 (Q1 2026 PR); $1.06B cumulative by Jul 2026; $413M cumulative at 9.6% blended rate (Q4 2025 PR) — zero missed payments", "resolution_authority": "Formal PR (Q4 2025, Q1/Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-022", "company": "Strategy Inc.", "ticker": "MSTR", "row": 22, "date": "2026-02-10", "date_raw": "2026-02-10", "speaker": "Michael Saylor", "venue": "Executive media interview (CNBC Squawk Box)", "venue_class": "executive_social", "claim": "\"We're not going to be selling. We're going to be buying bitcoin — I expect — every quarter, forever\"; would refinance debt before selling; can withstand BTC at $8k", "claim_class": "strategic", "claim_subtype": "BTC purchase", "target": "Open-ended (\"forever\")", "materiality": "high", "actionability": "promotional", "resolution_evidence": "Within 3 months: May 5 2026 call floated BTC sales; May 26–31 2026 sold 32 BTC (~$2.5M); Jun 29 2026 BTC monetization program authorized (press reports; Jun 29 PR)", "resolution_authority": "N/A — promotional; never resolved as HIT/MISS per v1.1", "resolution_authority_level": 1, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL — unscored (verdict changed: v1.0 scored MISS); routed to contradiction flag", "result_v10": "miss", "scored_in_trust": false, "source_class": "secondary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-023", "company": "Strategy Inc.", "ticker": "MSTR", "row": 23, "date": null, "date_raw": "2025-02-??", "speaker": "Michael Saylor (@saylor)", "venue": "Executive social (X)", "venue_class": "executive_social", "claim": "\"Sell a kidney if you must, but keep the Bitcoin.\" (never-sell doctrine, social form)", "claim_class": "strategic", "claim_subtype": "BTC purchase", "target": "Open-ended", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "Company sold BTC May–Jun 2026; BTC Monetization Program established (Q2 2026 PR: $218.4M sales YTD)", "resolution_authority": "N/A — promotional", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL — unscored (verdict changed: v1.0 scored MISS); routed to contradiction flag", "result_v10": "miss", "scored_in_trust": false, "source_class": "secondary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [], "null_reason": { "date": "not_stated" } }, { "id": "MSTR-024", "company": "Strategy Inc.", "ticker": "MSTR", "row": 24, "date": "2026-05-05", "date_raw": "2026-05-05", "speaker": "Michael Saylor + Phong Le (CEO)", "venue": "Earnings call (Q1 2026)", "venue_class": "earnings_call", "claim": "\"We'll probably sell some Bitcoin to fund a dividend just to inoculate the market\" (Saylor); \"We will sell Bitcoin when it's advantageous to the company\" (Le)", "claim_class": "strategic", "claim_subtype": "capital allocation, BTC sale", "target": "Conditional / opportunistic", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Jun 29 2026: BTC monetization program authorized ($1.25B Board capacity); $218.4M BTC sales YTD by Jul 26 2026 (Jun 29 PR; Q2 2026 PR)", "resolution_authority": "Formal PR (Jun 29 2026; Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "CAUTIOUS — unscored (verdict changed: v1.0 scored HIT)", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-025", "company": "Strategy Inc.", "ticker": "MSTR", "row": 25, "date": "2026-06-29", "date_raw": "2026-06-29", "speaker": "Michael Saylor + company", "venue": "Press release (Digital Credit Capital Framework)", "venue_class": "formal_press_release", "claim": "Board-approved USD Reserve Policy: minimum 12 months of preferred dividends + interest coverage (breach needs Board sign-off); $1.25B Board-authorized BTC monetization capacity; STRC dividend policy; MSTR repurchase authorization", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Standing policy", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Reserve $3.75B / 2.1 yrs coverage as of Jul 30 2026 — compliant so far (Q2 2026 PR)", "resolution_authority": "Formal PR (Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "MSTR-026", "company": "Strategy Inc.", "ticker": "MSTR", "row": 26, "date": "2026-07-30", "date_raw": "2026-07-30", "speaker": "Company", "venue": "Press release (Q2 2026 earnings, 8-K Ex. 99.1)", "venue_class": "sec_filing", "claim": "STRC objective $99–100 over time; \"if STRC trades below $100, we intend to repurchase STRC shares in a regular and disciplined manner\"; $1.0B MSTR repurchase program (no repurchases to date; only below intrinsic value)", "claim_class": "transactional", "claim_subtype": "buyback", "target": "Standing", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Repurchased $28.9M STRC notional for $25M (13% discount) — consistent so far; MSTR program unused (Q2 2026 PR)", "resolution_authority": "Formal PR (Q2 2026)", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN (CAUTIOUS, kept)", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": "https://www.sec.gov/edgar/browse/?CIK=1050446", "taxonomy_version": "1.1", "history": [] }, { "id": "ASST-001", "company": "Strive, Inc.", "ticker": "ASST", "row": 1, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt (Matt Cole, CEO)", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"Strive Asset Management intends to use all available mechanisms to build a Bitcoin war chest in a minimally dilutive manner to common shareholders\"", "claim_class": "strategic", "claim_subtype": "dilution", "target": "Build BTC war chest · no qty · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Executed large common raises: 345.5M PIPE shares + 209.8M pre-funded warrants (closed 2025-09-12); 1.283B-share resale registration (Oct 2025); ASST ATM issuance ongoing through 2026 (10-Q filed 2026-08-10; Sept 2026 8-K)", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "U", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-002", "company": "Strive, Inc.", "ticker": "ASST", "row": 2, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"planned first-of-its-kind offer of combined company equity in exchange for Bitcoin in a manner that is intended to be tax-free to investors under Section 351 of the U.S. tax code\"", "claim_class": "transactional", "claim_subtype": "BTC purchase", "target": "BTC-for-equity offer · no qty · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Sept 2025: acquired 69 BTC via Section 351 exchange as part of the merger (secondary recap, stocktwits Mar 2026)", "resolution_authority": "<1*", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-003", "company": "Strive, Inc.", "ticker": "ASST", "row": 3, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"plans to expand [the effective shelf] to at least $1 billion post-closing to support Bitcoin accumulation through both registered equity and debt offerings, to be used when accretive to common equity\"", "claim_class": "transactional", "claim_subtype": "financing", "target": "Shelf ≥$1B · post-closing", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Automatic shelf S-3ASR effective 2025-09-15 (File No. 333-290252); SATA IPO $160M (2025-11-10), $500M SATA ATM (2025-12-09), $225M SATA follow-on (2026-01-28), $4.2B ATM expansions (June 2026)", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-004", "company": "Strive, Inc.", "ticker": "ASST", "row": 4, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"The combined company will focus over time on maximizing Bitcoin exposure per share and seek to outperform Bitcoin over the long run and maximize value for common equity shareholders\"", "claim_class": "strategic", "claim_subtype": "cap alloc", "target": "Maximize BTC/share, outperform BTC · no deadline", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "BTC Yield 11.1% in Q1 2026 reported (PR 2026-05-14); no terminal date or metric for \"outperform\"", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "U", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-005", "company": "Strive, Inc.", "ticker": "ASST", "row": 5, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"acquiring cash at a discount through mergers with overcapitalized companies\" (alpha strategy)", "claim_class": "strategic", "claim_subtype": "cap alloc", "target": "Discounted-cash M&A · no qty · no deadline", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "No below-cash biotech/overcapitalized-company merger announced through 2026-09-22; Semler merger (closed 2026-01-16) executed the adjacent idea — acquiring undervalued BTC exposure via all-stock M&A", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-006", "company": "Strive, Inc.", "ticker": "ASST", "row": 6, "date": "2025-05-07", "date_raw": "2025-05-07", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"unlocking additional leverage to accumulate Bitcoin, while hedging risk in novel ways using in-house fixed income and derivatives expertise\"", "claim_class": "strategic", "claim_subtype": "leverage", "target": "Leverage for BTC accumulation · no qty · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Hedging leg executed ($50M STRC purchase, 18-month SATA dividend reserve — PR 2026-03-11); leverage leg never materialized — company instead eliminated all debt by May 2026 and adopted a \"perpetual-preferred-only\" structure (PR 2026-05-14)", "resolution_authority": "3", "resolution_authority_level": 3, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-007", "company": "Strive, Inc.", "ticker": "ASST", "row": 7, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "Strive Asset Mgmt / Asset Entities", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"$750 million private investment in public equity (PIPE), with an additional $750 million in potential financing upon the exercise of warrants, which could increase total potential proceeds to $1.5 billion\"", "claim_class": "transactional", "claim_subtype": "financing", "target": "$750M PIPE + $750M warrant exercises · at close", "materiality": "high", "actionability": "actionable", "resolution_evidence": "PIPE closed 2025-09-12: $750,329,019 (345.5M shares + 209.8M pre-funded warrants; 13D). Warrants: 555.26M traditional issued; only ~23.4M exercised by 2026-06-30 (~$31.6M) + $21.2M (Sept 2026) ≈ ~7% of the $750M warrant leg. Total ≈ $803M of $1.5B ≈ ~54%", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "P", "result_v10": "partial", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-008", "company": "Strive, Inc.", "ticker": "ASST", "row": 8, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "Strive Asset Mgmt / Asset Entities", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"Upon closing of the transactions, the proceeds are expected to support the company's first wave of Bitcoin acquisitions\"", "claim_class": "strategic", "claim_subtype": "BTC purchase", "target": "First-wave BTC buys · no qty · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "2025-09-22: purchased 5,816 BTC for $675M at avg $116,047; total 5,886 BTC (company PR)", "resolution_authority": "3", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-009", "company": "Strive, Inc.", "ticker": "ASST", "row": 9, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "Strive Asset Mgmt / Asset Entities", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"The combined company will continue to have no outstanding debt for borrowed money after this financing\"", "claim_class": "transactional", "claim_subtype": "leverage", "target": "Zero borrowed-money debt · at close", "materiality": "high", "actionability": "actionable", "resolution_evidence": "No borrowed-money debt disclosed at close or in Q3 2025 reporting; Semler's $120M legacy debt was Semler's (assumed 2026-01-16, disclosed separately, later retired)", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-010", "company": "Strive, Inc.", "ticker": "ASST", "row": 10, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "Strive Asset Mgmt", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "Distressed-claims strategy: \"a market opportunity estimated to be over 75,000 BTC\" (Mt. Gox estate) via partnership with 117 Partners LLC", "claim_class": "strategic", "claim_subtype": "BTC purchase", "target": "75,000 BTC market opportunity · no commitment", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "No completed Mt. Gox-claim purchase disclosed through 2026-09-22; first wave executed via open-market buys. Market-size estimate, not a purchase commitment", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "U", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-011", "company": "Strive, Inc.", "ticker": "ASST", "row": 11, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "Strive Asset Mgmt (Matt Cole)", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"establishing Strive Asset Management as the first Bitcoin treasury company focused on long-term Bitcoin outperformance through the implementation of alpha-generating strategies\"", "claim_class": "strategic", "claim_subtype": "other", "target": "First-X positioning · no deadline", "materiality": "low", "actionability": "promotional", "resolution_evidence": "Positioning language; \"first\" framing is marketing, not a falsifiable trajectory claim", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "U", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-012", "company": "Strive, Inc.", "ticker": "ASST", "row": 12, "date": "2025-09-22", "date_raw": "2025-09-22", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "All-stock acquisition of Semler Scientific at ~210% premium: 21.05 Strive Class A shares per Semler share", "claim_class": "transactional", "claim_subtype": "cap alloc", "target": "Close all-stock merger · terms fixed", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Completed 2026-01-16 at the announced terms (SEC EX-99.1; shareholder approval 2026-01-13)", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-013", "company": "Strive, Inc.", "ticker": "ASST", "row": 13, "date": "2025-09-22", "date_raw": "2025-09-22", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"The combined company would own over 10,900 Bitcoin\" → 12th-largest public holder", "claim_class": "transactional", "claim_subtype": "BTC purchase", "target": ">10,900 BTC · at close", "materiality": "high", "actionability": "actionable", "resolution_evidence": "12,797.9 BTC at close (2026-01-16 PR); became #11, displacing Tesla — exceeded", "resolution_authority": "3†", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-014", "company": "Strive, Inc.", "ticker": "ASST", "row": 14, "date": "2025-09-22", "date_raw": "2025-09-22", "speaker": "Matt Cole (Chairman & CEO)", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"grow Bitcoin holdings and Bitcoin per share at an unmatched pace in the industry\"", "claim_class": "strategic", "claim_subtype": "BTC purchase", "target": "Unmatched accumulation pace · no deadline", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "Unfalsifiable superlative; holdings did grow 5,886 → 26,355 BTC over the window", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "U", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-015", "company": "Strive, Inc.", "ticker": "ASST", "row": 15, "date": "2026-01-13", "date_raw": "2026-01-13", "speaker": "Matt Cole", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "Semler deal \"boosting our 2026 1st quarter Bitcoin yield to over 15%\"", "claim_class": "strategic", "claim_subtype": "operational", "target": "BTC Yield >15% · Q1 2026", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Actual Q1 2026 Bitcoin Yield = 11.1% (PR 2026-05-14) — ~74% of target", "resolution_authority": "3", "resolution_authority_level": 3, "resolution_state": null, "result": "miss", "result_detail": "M", "result_v10": "miss", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-016", "company": "Strive, Inc.", "ticker": "ASST", "row": 16, "date": "2026-01-13", "date_raw": "2026-01-13", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"plans within 12 months to monetize Semler's operating business\"", "claim_class": "strategic", "claim_subtype": "operational", "target": "Monetize Semler healthcare ops · by Jan 2027", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "2026-01-16: appointed Avik Roy as CSO to monetize via expanded early-disease-detection mandate; no sale announced through 2026-09-22", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "O", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-017", "company": "Strive, Inc.", "ticker": "ASST", "row": 17, "date": "2026-01-13", "date_raw": "2026-01-13", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"pursue retiring a $100M convertible note and a $20M Coinbase loan\" (Semler legacy debt)", "claim_class": "transactional", "claim_subtype": "leverage", "target": "Retire ~$120M assumed debt · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "2026-01-28: $110M of $120M retired; 2026-05-14: remaining balance repurchased (Apr 1–May 12); zero debt as of 2026-05-12", "resolution_authority": "3†", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-018", "company": "Strive, Inc.", "ticker": "ASST", "row": 18, "date": "2026-01-13", "date_raw": "2026-01-13", "speaker": "Strive, Inc. (board)", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "Board approved 1-for-20 reverse stock split of Class A and B common stock", "claim_class": "transactional", "claim_subtype": "other", "target": "1:20 reverse split · no deadline", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Effected 2026-02-06 (Q2 2026 10-Q; OCC memo; post-split ASST/SATA trading)", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-019", "company": "Strive, Inc.", "ticker": "ASST", "row": 19, "date": "2026-01-13", "date_raw": "2026-01-13", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"Strive intends to issue more perpetual preferred equity (SATA) to fund strategic objectives\"", "claim_class": "transactional", "claim_subtype": "financing", "target": "Further SATA issuance · no qty · no deadline", "materiality": "high", "actionability": "cautious", "resolution_evidence": "$225M SATA follow-on closed 2026-01-28; ~$194M SATA raise late May 2026; SATA outstanding 4,959,536 (2026-05-12) → 7,513,907 (Sept 2026)", "resolution_authority": "3†", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-020", "company": "Strive, Inc.", "ticker": "ASST", "row": 20, "date": "2026-01-28", "date_raw": "2026-01-28", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"intention to retire the remaining $10 million of such debt by April 2026\"", "claim_class": "transactional", "claim_subtype": "leverage", "target": "Retire final $10M debt · by April 2026", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Remaining long-term notes repurchased during Apr 1–May 12, 2026; zero short/long-term debt as of 2026-05-12 (PR 2026-05-14). Exact settlement date undisclosed", "resolution_authority": "3†", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-021", "company": "Strive, Inc.", "ticker": "ASST", "row": 21, "date": "2026-01-21", "date_raw": "2026-01-21", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "Follow-on offering of SATA perpetual preferred: initial $150M target raise", "claim_class": "transactional", "claim_subtype": "financing", "target": "$150M SATA follow-on · Jan 2026", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Closed 2026-01-28: 1,320,000 shares at $90/share; upsized to $225M total with concurrent private note exchanges on >$600M demand", "resolution_authority": "3†", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-022", "company": "Strive, Inc.", "ticker": "ASST", "row": 22, "date": "2026-03-11", "date_raw": "2026-03-11", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "SATA dividend +25bps to 12.75%; \"$1.0625 per share… to stockholders of record the close of business on April 1, 2026, payable on April 15, 2026\"", "claim_class": "transactional", "claim_subtype": "cap alloc", "target": "$1.0625/share dividend · pay 2026-04-15", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Declared dividend paid per schedule (declaration binding; no contrary disclosure)", "resolution_authority": "3‡", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-023", "company": "Strive, Inc.", "ticker": "ASST", "row": 23, "date": "2026-03-11", "date_raw": "2026-03-11", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"Updated guidance to not issue SATA via ATM or follow-on offerings below $100.00\"", "claim_class": "strategic", "claim_subtype": "cap alloc", "target": "Price floor $100 on SATA issuance · ongoing", "materiality": "high", "actionability": "actionable", "resolution_evidence": "SATA count flat through 2026-05-12 (4,959,536), then grew to 7,513,907 by Sept 2026 (~2.55M new shares); sale prices not disclosed in any source checked", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "O", "result_v10": "open", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-024", "company": "Strive, Inc.", "ticker": "ASST", "row": 24, "date": "2026-05-14", "date_raw": "2026-05-14", "speaker": "Strive, Inc.", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"will begin paying dividends on its Variable Rate Series A Perpetual Preferred Stock on a daily basis… effective June 16, 2026\" (13.00% maintained)", "claim_class": "transactional", "claim_subtype": "cap alloc", "target": "Daily SATA dividends · from 2026-06-16", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Daily cash dividends commenced 2026-06-16; first record date 2026-06-15 (SEC 8-K exhibit 2026-05-14; bitcointreasuries.net launch coverage)", "resolution_authority": "1", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "H", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-025", "company": "Strive, Inc.", "ticker": "ASST", "row": 25, "date": "2026-05-14", "date_raw": "2026-05-14", "speaker": "Matt Cole", "venue": "Formal PR", "venue_class": "formal_press_release", "claim": "\"SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day\"", "claim_class": "strategic", "claim_subtype": "other", "target": "First-X dividend claim · from 2026-06-16", "materiality": "low", "actionability": "promotional", "resolution_evidence": "Mechanical part executed (daily dividends began 2026-06-16); \"first in history\" framing is marketing", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "ASST-026", "company": "Strive, Inc.", "ticker": "ASST", "row": 26, "date": "2026-06-01", "date_raw": "2026-06-01", "speaker": "Matt Cole", "venue": "Executive social (X)", "venue_class": "executive_social", "claim": "\"expects to increase the size of both the ASST and SATA ATM programs by $2.1 billion each\" (→ $2.55B ASST, $2.6B SATA); balance-sheet update pre-market June 2", "claim_class": "transactional", "claim_subtype": "financing", "target": "+$2.1B ATM capacity each · June 2026", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Balance-sheet update provided 2026-06-02 (2,500 BTC 8-K). ATM sales continued through 2026 (Class A +321,500 shares in a Sept 2026 week; SATA 4.96M→7.51M); amended prospectus filings not directly verified this session", "resolution_authority": "3/1§", "resolution_authority_level": 3, "resolution_state": null, "result": "partial", "result_detail": "P", "result_v10": "partial", "scored_in_trust": true, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-001", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 1, "date": "2025-05-12", "date_raw": "2025-05-12", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Merger with Nakamoto Holdings expected to close in Q3 2025 (secondary relay: cryptonews/aicoin)", "claim_class": "transactional", "claim_subtype": "operational", "target": "close merger · Q3 2025", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Merger + PIPE closed Aug 14, 2025; convertible notes closed Aug 15, 2025 (S-3 prospectus via StockTitan; Aug 15 2025 8-K)", "resolution_authority": "1 (Aug 14–15 2025 8-Ks; S-3 prospectus)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-002", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 2, "date": "2025-05-12", "date_raw": "2025-05-12", "speaker": "Company PR / Bailey (CNBC)", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Raise up to $710M at merger close: $510M PIPE @ $1.12/sh + $200M senior secured convertible debenture to YA II PN (0% yrs 1–2, 6% yr 3, convert $2.80)", "claim_class": "transactional", "claim_subtype": "financing", "target": "raise capital · $710M · merger close", "materiality": "high", "actionability": "actionable", "resolution_evidence": "S-3 prospectus: PIPE gross proceeds ≈ $540.0M closed Aug 14, 2025; $200M notes closed Aug 15, 2025 → ~$740M total (StockTitan POSASR)", "resolution_authority": "1 (S-3 prospectus via StockTitan)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-003", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 3, "date": "2025-06-19", "date_raw": "2025-06-19", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Additional PIPE of $51.5M @ $5.00/sh", "claim_class": "transactional", "claim_subtype": "financing", "target": "raise capital · $51.5M · merger close", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Issued ~5.68M shares @ $5.00 with merger close (Aug 15, 2025 8-K recap, StockInsights)", "resolution_authority": "1 (Aug 15 2025 8-K recap)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-004", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 4, "date": "2025-05-12", "date_raw": "2025-05-12 / 2025-08-19", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Deploy PIPE/net proceeds into BTC via the Bitcoin Treasury Strategy", "claim_class": "transactional", "claim_subtype": "BTC purchase", "target": "purchase BTC", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Aug 19, 2025 PR: acquired 5,743.91 BTC @ $118,204.88 avg ≈ $679M using PIPE proceeds; total 5,764.91 BTC (StockTitan)", "resolution_authority": "3 (Aug 19 2025 PR)", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-005", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 5, "date": "2025-10-03", "date_raw": "2025-10-03", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Repay the $200M YA II PN convertible debenture in full", "claim_class": "transactional", "claim_subtype": "leverage", "target": "repay converts · $200M · 2025-09-30", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Notice of redemption delivered Sep 15, 2025; repaid in full Sep 30, 2025; debenture purchase + security docs terminated (Oct 3, 2025 PR via Morningstar; S-3/A). Correction: funded by a $203.0175M Two Prime term loan — a refinancing, not deleveraging (Yorkville → Two Prime → Antalpha → Kraken loan chain, CoinDesk Dec 10, 2025)", "resolution_authority": "3 (Oct 3 2025 PR) + press relay (CoinDesk, Dec 2025, for the chain)", "resolution_authority_level": 3, "resolution_state": "refinanced", "result": "partial", "result_detail": "PARTIAL — re-scored (v1.0: HIT with caveat; v1.1 refinancing rule forbids a clean HIT for \"repaid\" language on a refinanced debenture)", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-006", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 6, "date": "2025-08-14", "date_raw": "2025-08-14", "speaker": "Company (prospectus)", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "Acquire BTC Inc and UTXO Management GP", "claim_class": "transactional", "claim_subtype": "operational", "target": "close acquisitions", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Acquisitions completed Feb 20, 2026, all-stock, $80–107M value (POSASR; cryptotimes Feb 18, 2026)", "resolution_authority": "1 (POSASR)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-007", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 7, "date": "2026-05-20", "date_raw": "2026-05-20", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "1-for-40 reverse split effective May 22, 2026, intended to regain Nasdaq $1.00 bid-price compliance", "claim_class": "transactional", "claim_subtype": "operational", "target": "execute reverse split · 1:40 · 2026-05-22", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Split effective 12:01 a.m. ET May 22, 2026; Nasdaq notified Jun 9, 2026 that compliance was regained, matter closed (May 22, 2026 8-K; Q2 2026 10-Q filed Aug 13, 2026)", "resolution_authority": "1 (May 22 2026 8-K; Q2 2026 10-Q)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-008", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 8, "date": "2025-12-18", "date_raw": "2025-12-18", "speaker": "Board", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "2025 Repurchase Program: repurchase up to $10M common stock via Rule 10b-18 plan with TD Securities", "claim_class": "transactional", "claim_subtype": "buyback execution", "target": "buy back shares · $10M · 2026-01-31", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Program ended Jan 31, 2026; repurchased 58,305 post-split shares (2,332,206 pre-split) for $0.9M (Q2 2026 10-Q, StockTitan)", "resolution_authority": "1 (Q2 2026 10-Q)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL (~9% of $10M)", "result_v10": "partial", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-009", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 9, "date": "2026-06-11", "date_raw": "2026-06-11", "speaker": "Board / Company 8-K", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "2026 Repurchase Program: up to $25M buyback, open market / block / 10b5-1", "claim_class": "transactional", "claim_subtype": "capital allocation", "target": "buy back shares · $25M · 2026-12-31", "materiality": "high", "actionability": "actionable", "resolution_evidence": "8-K filed Jun 11, 2026 (Board approved Jun 10); no execution disclosed in reviewed materials", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN (resolves by Dec 31, 2026)", "result_v10": "open", "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-010", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 10, "date": "2026-06-11", "date_raw": "2026-06-11", "speaker": "Company 8-K", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "Reduce outstanding debt by ~$45M; extend ~105M USDT of Kraken loan principal to Jun 30, 2027", "claim_class": "transactional", "claim_subtype": "leverage", "target": "pay down + extend debt · $45M / 105M USDT", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Q2 2026 results: reduced outstanding debt by ~$45M USDT, extended ~105M USDT to Jun 30, 2027; holdings 4,467 BTC (bizwire Aug 13, 2026 via financialcontent)", "resolution_authority": "1 (Q2 2026 10-Q) + 3 (Q2 results PR, bizwire)", "resolution_authority_level": 1, "resolution_state": "partially retired (~$45M) + extended (~105M USDT to Jun 30, 2027)", "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-011", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 11, "date": "2026-06-11", "date_raw": "2026-06-11", "speaker": "Company 8-K", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "Sold ~600 BTC + BTC-derivative positions for ~$48M net proceeds; proceeds applied to debt repayment", "claim_class": "transactional", "claim_subtype": "BTC purchase (sale) / capital allocation", "target": "sell BTC to repay debt · ~600 BTC / ~$48M", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Q2 2026 10-Q / results PR confirm; BTC holdings 5,058 (Mar 31) → 4,467 (Jun 30, 2026) at $261.5M fair value (Aug 13, 2026)", "resolution_authority": "1 (Q2 2026 10-Q) + 3 (results PR)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-012", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 12, "date": "2025-12-09", "date_raw": "2025-12-09", "speaker": "Company (Kraken MLA)", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "$210M USDT loan from Payward Interactive (Kraken), 8% p.a., maturity Dec 4, 2026; proceeds to satisfy Antalpha Digital loan in full", "claim_class": "transactional", "claim_subtype": "leverage", "target": "repay via new loan · $210M USDT · 2026-12-04", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Partially superseded: Jun 11, 2026 restructuring — ~$45M paid down, 60M USDT still due Dec 4, 2026, ~105M extended to Jun 30, 2027 (8-K; pulse2)", "resolution_authority": "1 (Jun 11 2026 8-K)", "resolution_authority_level": 1, "resolution_state": "refinanced → partially retired (~$45M) + extended (~105M USDT)", "result": "partial", "result_detail": "PARTIAL (restructured; 60M USDT still due Dec 4, 2026)", "result_v10": "partial", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-013", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 13, "date": "2026-06-11", "date_raw": "2026-06-11", "speaker": "Company 8-K", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "Refinancing \"expects\" to reduce annual financing costs by ~$4M; rate can drop 8.0% → 7.75% if 2,000 BTC maintained as baseline collateral (Bitwise-managed account)", "claim_class": "strategic", "claim_subtype": "financing-cost outcome, conditional", "target": "cut financing costs · ~$4M/yr · ongoing", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "60M USDT tranche still matures Dec 4, 2026; savings not yet evidenced in reviewed filings", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN (CAUTIOUS; conditional on 2,000 BTC collateral)", "result_v10": "open", "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-014", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 14, "date": "2025-08-26", "date_raw": "2025-08-26", "speaker": "Company (sales agreement)", "venue": "SEC filing", "venue_class": "sec_filing", "claim": "$5B ATM program with 9 agents — \"may offer and sell ... from time to time\"", "claim_class": "transactional", "claim_subtype": "capacity filing, no commitment", "target": "sell equity · up to $5B", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Only $6,429,384.84 sold under ATM as of ~Aug 2026 POSASR prospectus date (StockTitan) — minimal dilution realized", "resolution_authority": "1 (POSASR ~Aug 2026: $6.43M sold)", "resolution_authority_level": 1, "resolution_state": null, "result": "unresolvable", "result_detail": "UNRESOLVABLE (CAUTIOUS; outcome disclosed, never a commitment)", "result_v10": null, "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-015", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 15, "date": "2026-08-13", "date_raw": "2026-08-13", "speaker": "Company PR", "venue": "formal press release", "venue_class": "formal_press_release", "claim": "Legacy healthcare clinics closed Jun 19, 2026 — \"full transition into a Bitcoin operating company\"", "claim_class": "transactional", "claim_subtype": "operational", "target": "exit healthcare · 2026-06-19", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Clinics closed Jun 19, 2026 per Q2 2026 results PR (financialcontent)", "resolution_authority": "3 (Q2 2026 results PR)", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-016", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 16, "date": "2025-05-14", "date_raw": "2025-05-14", "speaker": "David Bailey", "venue": "executive social (X)", "venue_class": "executive_social", "claim": "\"Can someone explain why you would not sell btc to buy back shares if the company is trading at a discount to the btc on the balance sheet? Why would you not sell 1 btc to acquire 1.1 btc?\" — conditional pledge to sell BTC to buy back shares below NAV", "claim_class": "strategic", "claim_subtype": "conditional equity-arb goal", "target": "sell BTC → buy back shares · conditional · if below NAV", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Trigger fired: NAKA traded far below BTC NAV through 2026; company sold ~423 BTC (Aug 2025→Dec 2025: 5,765→5,342), ~284 BTC in Q1 2026 (→5,058), and ~600 BTC in Q2 2026 (→4,467); buybacks authorized (Dec 2025, Jun 2026 programs) — but BTC was sold to repay lenders, not to buy back shares, and no 2026-program buyback execution is evidenced", "resolution_authority": "1 (10-Q holdings decline) + 3 (buyback-program PRs/8-Ks)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL (sales happened at NAV discount; framing not executed — BTC went to lenders, not buybacks)", "result_v10": "partial", "scored_in_trust": true, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "NAKA-017", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 17, "date": null, "date_raw": "2025-08 (relay)", "speaker": "David Bailey (via DailyHodl)", "venue": "executive social (media statement)", "venue_class": "executive_social", "claim": "\"Planning to purchase Bitcoin worth $1 billion\" — \"we'll be one of the top holders of Bitcoin in the world\"", "claim_class": "strategic", "claim_subtype": "$1B target", "target": "purchase BTC · $1B", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Single disclosed purchase: $679M (Aug 19, 2025); no further accumulation — net seller every quarter since", "resolution_authority": "3 (Aug 19 2025 PR) + 1 (quarterly holdings)", "resolution_authority_level": 3, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL (~68% of target)", "result_v10": "partial", "scored_in_trust": true, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "date": "not_stated", "source_url": "not_stated" } }, { "id": "NAKA-018", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 18, "date": "2025-08-14", "date_raw": "2025-08-14", "speaker": "David Bailey", "venue": "executive social (X)", "venue_class": "executive_social", "claim": "\"One Nakamoto = One million Bitcoin\" (on merger close)", "claim_class": null, "claim_subtype": "financing/leverage)", "target": "accumulate BTC · 1,000,000 BTC", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "n/a — directional/grandiose, no falsifiable commitment; holdings peaked at 5,764.91 BTC and fell to 4,467 by Jun 30, 2026", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-019", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 19, "date": "2025-05-27", "date_raw": "2025-05-27", "speaker": "David Bailey", "venue": "executive social (X)", "venue_class": "executive_social", "claim": "On 21 BTC purchase: \"Our first 1/millionth of all bitcoin, on our way to owning 1,000,000 bitcoin. 1 Nakamoto = 1m Bitcoin.\"", "claim_class": null, "claim_subtype": "financing/leverage)", "target": "accumulate BTC · 1,000,000 BTC", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "n/a — aspirational milestone framing", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-020", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 20, "date": "2025-05-12", "date_raw": "2025-05-12", "speaker": "David Bailey", "venue": "executive social (CNBC interview)", "venue_class": "executive_social", "claim": "\"I've been raising about $100 million a day. Yesterday, I raised almost $200 million.\"", "claim_class": null, "claim_subtype": "financing/leverage)", "target": "raise capital · velocity brag", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "n/a — momentum brag, no falsifiable commitment; ~$740M total was raised", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-021", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 21, "date": "2025-08-14", "date_raw": "2025-08-14", "speaker": "David Bailey", "venue": "formal press release", "venue_class": "executive_social", "claim": "\"Our vision is for the world's capital markets to operate on a Bitcoin standard.\"", "claim_class": null, "claim_subtype": "financing/leverage)", "target": null, "materiality": "low", "actionability": "promotional", "resolution_evidence": "n/a — mission statement", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-022", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 22, "date": "2025-10-03", "date_raw": "2025-10-03", "speaker": "Tyler Evans, CIO (PR)", "venue": "formal press release", "venue_class": "executive_social", "claim": "Two Prime financing \"is an important step ... to enhance KindlyMD's balance sheet ... and position the company to advance from a position of strength\"", "claim_class": null, "claim_subtype": "financing/leverage)", "target": null, "materiality": "low", "actionability": "promotional", "resolution_evidence": "n/a — PR gloss; the \"step\" replaced one lender with another at higher principal", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-023", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 23, "date": null, "date_raw": "2025 (ongoing)", "speaker": "David Bailey", "venue": "executive social (X bio / posts)", "venue_class": "executive_social", "claim": "\"$1.0mm/btc is the floor\"", "claim_class": null, "claim_subtype": "financing/leverage)", "target": null, "materiality": "low", "actionability": "promotional", "resolution_evidence": "n/a — price prediction, not a company commitment", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "date": "not_stated", "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-024", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 24, "date": "2025-05-12", "date_raw": "2025-05-12", "speaker": "Company PR (May 12)", "venue": "formal press release", "venue_class": "executive_social", "claim": "\"Largest PIPE ever\" superlative (per prior pass; exact wording not re-verified this pass)", "claim_class": null, "claim_subtype": "financing/leverage)", "target": null, "materiality": "low", "actionability": "promotional", "resolution_evidence": "n/a — superlative", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "NAKA-025", "company": "Nakamoto Inc. (formerly Kindly MD)", "ticker": "NAKA", "row": 25, "date": "2025-08-26", "date_raw": "2025-08-26 (relay)", "speaker": "David Bailey (via DailyHodl)", "venue": "executive social (media statement)", "venue_class": "executive_social", "claim": "\"Not going to be another Bitcoin bear market for several years\"; \"Bitcoin Yield\" via equity/debt/hybrid offerings to scale BTC per share", "claim_class": null, "claim_subtype": "financing/leverage)", "target": null, "materiality": "low", "actionability": "promotional", "resolution_evidence": "n/a — macro prediction + directional strategy; BTC fell from ~$126k (Oct 2025) to ~$60k (Aug 2026)", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unscored", "result_detail": "PROMOTIONAL rows grouped in the v1.1 re-score (NAKA 18–25); never resolved", "result_v10": null, "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated", "claim_class": "not_stated_grouped_in_source" } }, { "id": "KULR-001", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 1, "date": "2024-12-04", "date_raw": "2024-12-04", "speaker": "Michael Mo, CEO (Board)", "venue": "Formal press release (GlobeNewswire)", "venue_class": "formal_press_release", "claim": "\"KULR is committed to allocating up to 90% of its surplus cash to BTC\" as a primary treasury asset.", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Up to 90% of surplus cash → BTC purchases; ongoing, no deadline.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "10-Q (Nov 2025): strategy reconfirmed; ~1,082 BTC held end-2025, zero coins sold (Q4 2025 call, 2026-03-31). Full unwind: 8-K Item 2.01 (2026-09-11) — remaining ~764 BTC sold Aug 20–Sep 11, 2026; zero holdings.", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-002", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 2, "date": "2024-12-04", "date_raw": "2024-12-04", "speaker": "Michael Mo, CEO", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"I am confident that a bitcoin treasury strategy will strengthen KULR's financial position.\"", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Strengthened financial position; directional, no deadline.", "materiality": "high", "actionability": "promotional", "resolution_evidence": "Unrealized mark-to-market losses: $13.8M (FY2025), ~$31.4M (H1 2026); BTC sold below average cost (~$76.6k sale vs ~$100.6k cost, per Sep 2026 filings/summaries); net loss widened to $61.9M in 2025.", "resolution_authority": "1–2 (filings/audited)", "resolution_authority_level": 1, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-003", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 3, "date": "2024-12-04", "date_raw": "2024-12-04", "speaker": "Company (Board)", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"KULR's acquisition of bitcoin will be guided by market dynamics and anticipated cash flow requirements. The Company remains adaptable, with the ability to modify its approach.\"", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Explicit right to change course; ongoing.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Exactly what happened: adapted from accumulation (2025) to full exit and \"focus on the core business\" (Q2 2026 call; Sep 2026 8-K).", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-004", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 4, "date": "2024-12-26", "date_raw": "2024-12-26", "speaker": "Company", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"The $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward\" (217.18 BTC @ $96,556.53 avg).", "claim_class": "transactional", "claim_subtype": "BTC purchase", "target": "Ongoing purchases; no fixed qty/deadline.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Purchases continued: +$10M (2025-02-11, 610.3 BTC), +$5M (2025-03-25, 668.3 BTC), +$9M (2025-05-20, 800.3 BTC), +$13M (2025-06-09, 920 BTC), +$10M (2025-07-10, 1,021 BTC); ~1,082 BTC by end-2025, none sold.", "resolution_authority": "3 (PR) ⚠ low-authority", "resolution_authority_level": 3, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-005", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 5, "date": "2025-02-11", "date_raw": "2025-02-11", "speaker": "Company", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "BTC Yield introduced as KPI: \"helps assess the effectiveness of KULR's bitcoin acquisition strategy in a manner KULR believes drives shareholder value\" (167.3% YTD reported).", "claim_class": "strategic", "claim_subtype": "other", "target": "No target or deadline.", "materiality": "low", "actionability": "promotional", "resolution_evidence": "No falsifiable commitment; shareholder value untestable from this claim alone.", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "UNRESOLVABLE", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-006", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 6, "date": "2025-06-09", "date_raw": "2025-06-09", "speaker": "Company", "venue": "SEC filing (8-K; Controlled Equity Offering Sales Agreement)", "venue_class": "sec_filing", "claim": "Entered ATM sales agreement with Cantor Fitzgerald & Craig-Hallum to sell up to $300M common stock \"to support its Bitcoin treasury reserve.\"", "claim_class": "transactional", "claim_subtype": "financing", "target": "Up to $300M gross equity raises; at company's discretion.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "424B5 (2025-09-30): program cut to $150M; only 3,936,578 shares / $22,997,761 gross raised under it. Proceeds were used for BTC purchases (per company PRs).", "resolution_authority": "1 (424B5)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-007", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 7, "date": "2025-06-09", "date_raw": "2025-06-09", "speaker": "Company; Michael Mo, CEO", "venue": "Formal press release (joins \"Bitcoin for Corporations\")", "venue_class": "formal_press_release", "claim": "Company rebrands as a \"Bitcoin First Company\"; Mo: \"As KULR continues to scale its Bitcoin treasury, we welcome the chance to align with other institutions…\"", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Continued scaling of BTC treasury; ongoing.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Scaling continued to ~1,082 BTC by end-2025, then fully reversed: all BTC sold by 2026-09-11; \"Bitcoin First\" positioning dropped; Q2 2026 call: \"focus on the core business.\"", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-008", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 8, "date": "2025-05-15", "date_raw": "2025-05-15", "speaker": "Michael Mo, CEO", "venue": "Earnings call (Q1 2025 results)", "venue_class": "earnings_call", "claim": "\"Our future capital market activities are geared towards turbocharging our bitcoin acquisition strategy, thereby establishing KULR as a pioneering BTC-First Bitcoin Treasury Company.\"", "claim_class": "strategic", "claim_subtype": "financing ambition", "target": "Future capital raises → accelerate BTC buying; no deadline.", "materiality": "high", "actionability": "promotional", "resolution_evidence": "Capital-market activity minimal (~$23M ATM usage); \"BTC-First\" identity abandoned within ~15 months (mining exited, all BTC sold Aug–Sep 2026).", "resolution_authority": "3 (PR) ⚠ low-authority", "resolution_authority_level": 3, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-009", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 9, "date": "2025-07-08", "date_raw": "2025-07-08", "speaker": "Company", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "Secured $20M multi-draw credit facility with Coinbase Credit, Inc.; \"intends to use the net proceeds to fund its strategic Bitcoin accumulation goals\"; secured by a portion of BTC holdings.", "claim_class": "transactional", "claim_subtype": "leverage", "target": "$20M facility; proceeds → BTC purchases; available on execution.", "materiality": "high", "actionability": "actionable", "resolution_evidence": "10-Q Q3 2025: initial drawdown $8M on 2025-07-08 at 8% loan fee, 232 BTC segregated as collateral (156.25% coverage); $6.7M of the draw used to purchase 61.4 BTC.", "resolution_authority": "1 (10-Q)", "resolution_authority_level": 1, "resolution_state": "repaid", "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-010", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 10, "date": "2025-07-08", "date_raw": "2025-07-08", "speaker": "Michael Mo, CEO", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"This marks KULR's first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate… diversifying our funding sources.\"", "claim_class": "transactional", "claim_subtype": "leverage", "target": "Non-dilutive capital via BTC-backed borrowing.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Facility obtained and used for BTC purchases (see #9); loan fully repaid in Aug 2026 (see #17). Non-dilutive claim held while active.", "resolution_authority": "1 + 4 (filings + call)", "resolution_authority_level": 1, "resolution_state": "repaid", "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-011", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 11, "date": "2025-07-09", "date_raw": "2025-07-09", "speaker": "Company", "venue": "SEC filing (8-K, Item 7.01) + formal press release", "venue_class": "sec_filing", "claim": "Successfully deployed 3,570 Bitmain S19 XP 140T miners in Asunción, Paraguay; operational capacity 750 PH/s; \"dual acquisition strategy of both mining Bitcoin and purchasing it on the open market.\"", "claim_class": "strategic", "claim_subtype": "operational", "target": "Dual \"buy-or-mine\" accumulation model.", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "Mining revenue recognized: $4.4M Q3 / $6.1M YTD through Sep 2025 (10-Q). Model operated ~13 months, then terminated (mining services agreement exited Aug 2026).", "resolution_authority": "1 (10-Q)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-012", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 12, "date": "2025-07-09", "date_raw": "2025-07-09", "speaker": "Company", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"with a goal of reaching 1.25 EH/s by late summer\" (from 750 PH/s).", "claim_class": "strategic", "claim_subtype": "operational timing", "target": "1.25 EH/s hashrate target; deadline late summer 2025.", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Never reported as reached; mining exited entirely Aug 2026 (mining services agreement terminated for $150k fee).", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": true, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-013", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 13, "date": "2025-07-09", "date_raw": "2025-07-09", "speaker": "Michael Mo, CEO", "venue": "Formal press release", "venue_class": "formal_press_release", "claim": "\"A dual-pronged model allows KULR to capture the greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency.\"", "claim_class": "strategic", "claim_subtype": "operational outcome", "target": "Margin/resiliency improvement; no deadline.", "materiality": "medium", "actionability": "promotional", "resolution_evidence": "The entire dual-pronged apparatus was unwound Aug–Sep 2026 at a loss (BTC sold ~$76.6k avg vs ~$100.6k average cost); 2025 net loss $61.9M.", "resolution_authority": "1–2 (filings/audited)", "resolution_authority_level": 1, "resolution_state": null, "result": "miss", "result_detail": "MISS", "result_v10": "miss", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-014", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 14, "date": "2025-10-09", "date_raw": "2025-10-09", "speaker": "Company", "venue": "SEC filing (8-K, Item 7.01) + formal press release", "venue_class": "sec_filing", "claim": "New hosting partnership with Soluna Holdings: ~3.3 MW of Bitcoin mining capacity at Project Sophie (Kentucky); operations expected Q4 2025.", "claim_class": "strategic", "claim_subtype": "operational timing", "target": "3.3 MW hosted mining; deadline Q4 2025.", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "No located disclosure in 2025 10-K/Q3 materials confirming Q4 2025 go-live; mining exited Aug 2026.", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "unresolvable", "result_detail": "UNRESOLVABLE", "result_v10": "unresolvable", "scored_in_trust": false, "source_class": "primary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-015", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 15, "date": null, "date_raw": "2025-11 (filed)", "speaker": "Company", "venue": "SEC filing (10-Q, Q3 2025)", "venue_class": "sec_filing", "claim": "\"We view our bitcoin holdings as long term holdings and expect to continue to accumulate bitcoin… have not set any specific target… could periodically leverage or sell bitcoin… could be collateralized by our bitcoin holdings… create income streams.\"", "claim_class": "strategic", "claim_subtype": "leverage)", "target": "Continued accumulation; possible future leverage/sales of BTC.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "Accumulation continued into 2026 (~1,085 BTC at Q1 2026 call); BTC was leveraged (Coinbase loan to $20M, 565 BTC collateral) and then sold — \"sell… for general corporate purposes\" and collateralization both materialized, but the \"long-term holdings\" intent was fully reversed by 2026-09-11.", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "date": "not_stated", "source_url": "not_stated" } }, { "id": "KULR-016", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 16, "date": "2026-03-31", "date_raw": "2026-03-31", "speaker": "Michael Mo, CEO", "venue": "Earnings call (Q4/FY 2025)", "venue_class": "earnings_call", "claim": "\"We have maintained our Bitcoin treasury of approximately 1,082 Bitcoins without selling any coins.\" + \"The mission for 2026 is clear. Eliminate distractions and execute with discipline. Our singular focus is to build and sell more KULR ONE batteries.\"", "claim_class": "strategic", "claim_subtype": "operational)", "target": "Resource focus → core battery business in 2026.", "materiality": "high", "actionability": "cautious", "resolution_evidence": "No cash BTC purchases in 2026 (confirmed on Q1 2026 call); management began selling BTC after Q2 (333 BTC sold by Jun 30), exited mining, and authorized full BTC liquidation — actions consistent with the \"focus on core business\" pivot.", "resolution_authority": "1 (8-K) + 4 (call)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-017", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 17, "date": "2026-03-31", "date_raw": "2026-03-31", "speaker": "Michael Mo, CEO", "venue": "Earnings call (Q4/FY 2025)", "venue_class": "earnings_call", "claim": "\"Our progress in 2026 will be judged by core battery revenue growth and improvements in gross margin as volume and automation increase.\"", "claim_class": "strategic", "claim_subtype": "operational outcome", "target": "2026 battery revenue growth + margin improvement; full-year horizon.", "materiality": "medium", "actionability": "cautious", "resolution_evidence": "Q1 2026: revenue +98% YoY ($4.8M), blended gross margin ~29% vs 8% (improvement). Q2 2026: revenue −43% YoY ($2.08M), gross margin −31%.", "resolution_authority": "4 (call) ⚠ low-authority", "resolution_authority_level": 4, "resolution_state": null, "result": "partial", "result_detail": "PARTIAL", "result_v10": "partial", "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-018", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 18, "date": "2026-03-31", "date_raw": "2026-03-31", "speaker": "Michael Mo, CEO", "venue": "Earnings call (Q4/FY 2025)", "venue_class": "earnings_call", "claim": "Automated battery production line comes online H2 2026 (to drive volume/margin improvement).", "claim_class": "strategic", "claim_subtype": "operational timing", "target": "Production-line commissioning; deadline H2 2026.", "materiality": "medium", "actionability": "actionable", "resolution_evidence": "Deadline within window but not yet passed as of 2026-09-22; not verified in located sources.", "resolution_authority": "n/a", "resolution_authority_level": null, "resolution_state": null, "result": "open", "result_detail": "OPEN", "result_v10": "open", "scored_in_trust": false, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-019", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 19, "date": "2026-05-14", "date_raw": "2026-05-14", "speaker": "Michael Mo, CEO", "venue": "Earnings call (Q1 2026)", "venue_class": "earnings_call", "claim": "\"We're committing all of our financial resources to our battery business and not acquiring any Bitcoin with cash. The only Bitcoin acquisition is through our existing BTC mining contracts.\" (~1,085 BTC in treasury.)", "claim_class": "strategic", "claim_subtype": "capital allocation", "target": "Zero cash-funded BTC purchases going forward; mining-only accumulation.", "materiality": "high", "actionability": "actionable", "resolution_evidence": "Q2 2026: no cash purchases; 333 BTC sold since quarter close; mining exited Aug 2026; Sep 11, 2026 8-K: zero BTC held.", "resolution_authority": "1 (8-K) + 4 (call)", "resolution_authority_level": 1, "resolution_state": null, "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-020", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 20, "date": "2026-08-13", "date_raw": "2026-08-13", "speaker": "Mike Kimel, CFO", "venue": "Earnings call (Q2 2026)", "venue_class": "earnings_call", "claim": "\"The board has authorized management to sell any and all Bitcoin holdings and to focus on the core business.\" (Plus: exited mining, repaid $20M Coinbase loan from 333-BTC sale proceeds, released 565 BTC collateral; terminated mining services agreement — $150k fee vs $2.1M remaining commitments.)", "claim_class": "transactional", "claim_subtype": "leverage)", "target": "Full BTC liquidation authorization; mining exit; loan repayment.", "materiality": "high", "actionability": "actionable", "resolution_evidence": "8-K (2026-09-11, Item 2.01): sold remaining ~764 BTC Aug 20–Sep 11, 2026 for ~$58.6M gross (~$76,633 avg); zero BTC holdings.", "resolution_authority": "1 (8-K)", "resolution_authority_level": 1, "resolution_state": "repaid", "result": "hit", "result_detail": "HIT", "result_v10": "hit", "scored_in_trust": true, "source_class": "secondary", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "source_url": "not_stated" } }, { "id": "KULR-021", "company": "KULR Technology Group, Inc.", "ticker": "KULR", "row": 21, "date": "2025-09-30", "date_raw": "2025-09-30", "speaker": "Company", "venue": "SEC filing (424B5 prospectus supplement No. 1)", "venue_class": "sec_filing", "claim": "Reduces ATM maximum from $300M to $150M; discloses 3,936,578 shares sold for $22,997,761 gross proceeds (stock $4.22, 2025-09-29).", "claim_class": null, "claim_subtype": "disclosure, not a claim — excluded from all counts", "target": "Program downsize; backward-looking usage figures.", "materiality": "high", "actionability": null, "resolution_evidence": "—", "resolution_authority": "—", "resolution_authority_level": null, "resolution_state": null, "result": "disclosure", "result_detail": "Resolved fact, not scored.", "result_v10": "disclosure", "scored_in_trust": false, "source_class": "mirror_verbatim", "source_url": null, "taxonomy_version": "1.1", "history": [], "null_reason": { "actionability": "not_applicable", "source_url": "not_stated", "claim_class": "not_stated" } } ] }