Spirit Blockchain Capital Inc. Provides Corporate Update on Business Strategy and Clarifies Operating Model

Core Viewpoint - Spirit Blockchain Capital Inc. is focused on developing and commercializing blockchain-based financial infrastructure, with an emphasis on regulated digital-asset participation and payments for compliant market participants [2][4][7] Current Business of the Company - Spirit operates a digital asset/tokenization platform called SpiritLinQ, which facilitates the creation, issuance, and lifecycle management of tokenized assets [2][6] - The company provides strategic support for European digital-asset exchange-traded products (ETPs) and is involved in infrastructure support for products like Ethereum Yield+ and Solana Yield+ [2][4] - Spirit's business model includes licensing and technology fees, processing fees, and infrastructure service retainers, although it is currently not profitable [3][4] Revenue Model - The revenue model encompasses platform licensing and administration fees, processing/spread/FX fees, and enterprise software services [3][6] - The company aims to generate recurring revenue from technology licensing and infrastructure support, moving away from passive investment strategies [4][7] Strategic Operating Subsidiaries - Spirit operates various subsidiaries that enhance its infrastructure strategy, including software operations and validator services, which are integral to its commercial strategy [2][4] Evolution of Business Strategy - The company has transitioned from its initial focus on streaming, royalties, and treasury management to a more infrastructure-centric model, emphasizing platform licensing and compliant payments [5][6]