UPXI · Upexi, Inc.

HOOD

Robinhood Markets, Inc.

Two bullish calls in two sessions — Bernstein's $160 reiteration on 2026-08-31 and Morgan Stanley's upgrade to Overweight at $150 on 2026-09-01 — plus rising implied odds on the CLARITY vote (Polymarket 12.5% to 14.5% midpoint) failed to produce an up close: $103.51 on 2026-09-01 against $104.81 prior, and 7.7% under the 2026-08-25 close of $112.09. Coverage is widening into a bid that is not, with the 2026-09-15 cloture vote the one dated binary.

COIN

Coinbase Global, Inc.

The 08-31 reclaim at $188.12 was surrendered in one session — the 09-01 close was $176.82 with bitcoin at $78,006 and yields up a fifth day — while the CLARITY odds the equity supposedly discounts ticked up to 14–15% on Polymarket and 20% on Kalshi. That divergence prices COIN as 3.36-beta crypto exposure into the 09-15 cloture vote and the 09-16 FOMC, inside a saturated policy narrative with no company datapoint until November.

CRCL

Circle Internet Group, Inc.

The mid-$90s rejected this leg twice in four sessions — $94.24 on 2026-08-27 then $87.14, $95.55 on 2026-08-31 then $89.48 on 2026-09-01 — with no company news in either direction. Event markets barely moved while the equity ran: Polymarket 14–15% and Kalshi 16–20% on 2026-09-01 versus 13–14% and 20–21% on 2026-08-27. The 2026-09-15 cloture vote and the 2026-09-16 Arc mainnet are the binaries a maturing narrative has already run into.

MSTR

Strategy Inc

The resumption binary resolved on 2026-08-31 — 4,603 BTC for $369.7M at $80,318, holdings 845,050 BTC — and the tape sold it: a 2026-09-01 close of $124.88 against the $137.40 pre-news print of 2026-08-27, roughly 5% above the $118.50 shelf. Strategy held STRC at 12.00% on 2026-09-01 with the preferred quoted $97.10 versus $100 par, leaving a saturated narrative whose credit leg is unresolved into the 2026-09-08 filing.