WLFI: Treasury Net Unrealized Profit/Loss (Companies)

Included with Plus.

The paper profit or loss on the WLFI of the companies we cover: its value at our own price minus the cost the companies report for it.

Why use it. Shows whether company treasuries are, in total, sitting on gains or losses, which shapes how much room they have to keep buying or how much pressure they face to sell. How to read it. Positive values are unrealized gains, negative values losses. It moves every day with the price and steps when new figures arrive.

Calculation. For each company with a cost basis: coins held x our own WLFI/USD price at the end of the day, minus that cost basis; summed. Companies that have not filed a cost yet are left out of this chart (their coins are in the balance). The open day uses our latest hourly price. A company's cost basis is the cost its filing reports for the coins. Where a figure states coins without a usable cost (often a quarter-end report, or a dated statement between purchase announcements), it comes from the company's filed costs either side: the next filed cost when the coins are the same; else the previous cost per coin for the same or fewer coins; else the previous cost plus the added coins at the average cost of the coins added up to the next filed cost or, without one, at our own price on that date. A filed cost per coin outside the prices WLFI had traded at by then (a figure tagged to the wrong item, or amounts rounded to more than the coins are worth) is not used, and the filing's other cost total for the same coins is used instead where it gives one. Source: the companies' own filings with the US SEC (EDGAR): their 10-K and 10-Q reports and the 8-K announcements in which they state their holdings, or a foreign company's 20-F, 40-F and 6-K, read by CryptoKeyhole every hour since January 2025, when these treasuries began. The companies include AI Financial (ALT5 Sigma); each company's figures are in the breakdown by company. WLFI a company has staked count where its filing counts them in WLFI; liquid-staking tokens count only where the filing's own figure includes them. Values use CryptoKeyhole's own hourly WLFI/USD index from public exchange candles. Each company's figure is the number of WLFI it reports holding for its own account in its SEC filings: its quarterly and annual reports (10-Q and 10-K, or a foreign company's 20-F or 40-F, from their XBRL data or, where the data lack it, the report's own sentence), and, for companies that announce their holdings by 8-K or, for foreign companies, 6-K (press releases and monthly updates), those announcements when they state the number. A figure counts from the date it refers to (a report's period end, or the date an announcement gives) until the company's next figure; the filing date is kept separately and is later, often by weeks. A quarterly figure is checked against the fair value the same filing reports, valued at our own price for that day, and is left out where they disagree. Where a company counts coins it has lent or posted as collateral in its holdings, so does its figure here; coins held for customers are not counted. Limitations: filings lag the holdings they report, so recent purchases appear only once filed, and holdings between figures are not known (8-K announcements fill some of the gaps, only when they state the number). Only companies that file their reports with the US SEC are covered (10-K and 10-Q, or 20-F, 40-F and 6-K for foreign companies): companies listed elsewhere that do not file with the SEC, private companies, funds and ETFs are not included. A company enters the totals at its first filed figure, which can be years after it first bought WLFI when its earlier reports gave only dollar amounts.