During the second quarter of fiscal 2025, the Company purchased 4,710 Bitcoin. During the fourth quarter of fiscal 2025, the Company pledged 4,709 of the Bitcoin as collateral in a covered call strategy resulting in the derecognition of the Bitcoin digital asset and the recognition of a Bitcoin digital asset receivable. The following table summarizes the Company's digital asset rollforward and holdings for the year ended January 31, 2026:


Description	Bitcoin (Digital Assets)
Balance, Beginning of fiscal year	—
Additions (Cost of $500 million purchased in Q2)	500.0
Loss on digital assets pledged	(71.8)
Dispositions (pledged/derecognized in Q4)	(428.0)
Remeasurement loss on digital assets	(0.1)
Fair Value, End of fiscal year	$	0.1

The following table provides the required disclosures for our crypto asset holding as of January 31, 2026, including units held, cost basis, fair value, and cumulative unrealized gain (loss).


	Quantity(1)	Cost Basis		Fair Value		Cumulative Unrealized Loss
Bitcoin	1.0	0.2		0.1		(0.1)
Total digital assets held as of January 31, 2026	1.0	$	0.2	$	0.1	$	(0.1)

During the fiscal year ended January 31, 2026, the Company recognized a net loss on digital assets and related receivables of $131.6 million. This was primarily driven by an $71.8 million realized loss upon the derecognition of digital assets pledged as collateral in a covered call strategy, a $59.7 million unrealized loss on the digital asset receivable, and a $0.1 million remeasurement loss on remaining digital asset holdings. The following table summarizes the components of "Loss on digital asset and related receivables" in the Consolidated Statements of Operations for the year ended January 31, 2026:


			Amount
Realized loss on digital assets pledged			(71.8)
Unrealized loss on digital asset receivable			(59.7)
Remeasurement loss on digital assets held			(0.1)
Total loss on Digital asset and related receivables			(131.6)