Response to MSCI Index MatterStrategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.This year alone, we’ve completed five public offerings of digital credit securities— $STRK, $STRF, $STRD, $STRC, and $STRE —representing over $7.7 billion in notional value. We also launched Stretch ($STRC), a revolutionary Bitcoin-backed treasury credit instrument th ...

🔥 UPDATE: Metaplanet plans to raise about $135M via new Class B perpetual preferred shares to expand its Bitcoin-focused treasury strategy. https://t.co/nTWkQFh21e ...

Financial Data and Key Metrics Changes - Total revenue increased by $4.9 million to $9.2 million for the quarter, with net income at $66.7 million and earnings per share at $1.21, all attributed to the performance of the Solana treasury [16] - The company recognized unrealized gains of approximately $78 million during the quarter, significantly impacting reported financials [16] Business Line Data and Key Metrics Changes - The consumer brand business continues to perform as expected, while digital asset revenue generated over $6 million in fiscal Q1, with current daily additions exceeding $75,000 [10][16] - The treasury has generated approximately $7.1 million and 37,742 Solana tokens since inception, with staking revenue contributing $6.1 million to the quarter's increase [16] Market Data and Key Metrics Changes - The company currently owns 2.1 million SOL valued in excess of $327 million, with an average purchase price of $155.57 per token [8][16] - The company has purchased approximately 2,029,100 tokens through direct purchases and swap transactions [16] Company Strategy and Development Direction - The company has adopted a Solana Treasury strategy, pivoting from being a consumer Amazon brand owner to investing in digital assets due to favorable regulatory changes in the U.S. [4][5] - The strategy includes large-scale capital raises and innovative financial instruments, such as a $100 million equity private placement and a $200 million raise with an in-kind convertible note issuance [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Solana as a high-performance blockchain and highlighted its potential to revolutionize financial infrastructure [11][12] - The company is optimistic about the passing of comprehensive digital asset legislation in the U.S., which could significantly accelerate institutional adoption of digital assets [14][15] Other Important Information - The management team emphasizes a risk-prudent strategy, limiting credit risk leverage to 20% and avoiding aggressive on-chain trading [19] - The company has increased adjusted SOL per share in SOL terms by 47% and in U.S. dollar terms by 82% [20] Q&A Session Summary Question: Impact of high-profile crypto investors on the company - Management noted that feedback from the advisory committee has been positive, focusing on market presentation and positioning, with no current plans for revenue generation outside of Solana [23][24] Question: Effective yield and enhancement opportunities - Management indicated that yield has been built step by step, with expectations for improvement in the next quarter as more assets are staked [26][28] Question: Addressing potential deep discounts in trading - Management stated that if the company trades at a discount, it has options such as share buybacks and maintaining low expenses to warrant a premium [31][34]

Company Overview - American Bitcoin (ABTC) has added 1,414 Bitcoin, currently valued at $163 million, to its holdings, bringing its total to 3,865 Bitcoin worth approximately $446 million based on the current price of Bitcoin above $115,200 [1] - ABTC is a subsidiary of Hut 8 Corp. and was formed through a merger of the Trump brothers' business entity with Hut 8, followed by a stock-for-stock merger with Gryphon Digital Mining [5] Treasury Strategy - ABTC continues its aggressive treasury strategy despite Bitcoin's price decline from its all-time high of over $125,000, which was reached in August [2] - The company plans to provide periodic updates on Satoshis per share (SPS), a metric that indicates the volume of Bitcoin attributable to each outstanding share of stock [4] Market Performance - ABTC's stock price increased by more than 11% to trade above $6.20, recovering from a period where shares were below $6 amid a broader downturn in the crypto market [2] - The cryptocurrency market, including Bitcoin, has been affected by macroeconomic uncertainties, although a reduction in U.S.-China trade tensions provided some support [3] Mining Operations - ABTC differentiates itself from other treasury companies through its mining operations, which allow it to produce Bitcoin directly and reduce the average cost per Bitcoin [5] - The number of mining companies has surged to over 200 this year, as institutions seek to capitalize on the growing interest in digital assets [6]

Core Insights - MicroStrategy, the largest corporate Bitcoin holder, is experiencing a significant slowdown in its Bitcoin acquisitions, dropping from tens of thousands of BTC per week to approximately 200 BTC recently [2][3][5] - Despite the reduced buying pace, the company's executive chairman, Michael Saylor, hints at potential future large-scale purchases, indicating that Bitcoin remains central to the company's treasury strategy [8][9] Acquisition Trends - The company's Bitcoin purchases peaked at over 10,000 BTC in a single week, with a record high of 55,500 BTC, but have now dwindled to levels seen five years ago [4][5] - In 2025, MicroStrategy has invested around $19.5 billion in Bitcoin, following a total of $21.7 billion in 2024, maintaining its position as a leading institutional accumulator [9][10] Financial Context - The equity issuance premium for MicroStrategy has decreased dramatically from 208% to 4%, making new stock offerings less effective for raising capital for Bitcoin purchases [5][6] - The company's stock price has fallen approximately 50% from its peak, while Bitcoin is trading about 16% below its all-time high of $126,000, currently around $111,000 [7]

🚨 LATEST: Nasdaq-listed Greenlane Holdings announces $110M private placement to launch the first Berachain treasury strategy, led by Polychain Capital. https://t.co/DET91sTj03 ...

Treasury Strategy - America's first Solana Treasury Company chose SOL over BTC for their treasury strategy [1] - The company considered launching a BTC vehicle overseas but opted for SOL due to its upside potential [1] - SOL is viewed as a productive asset [1]

Core Insights - LM Funding America, Inc. reported a preliminary, unaudited operational update for Bitcoin mining for September 2025, highlighting an increase in Bitcoin mined and a strategic acquisition in Mississippi [1][2]. Financial Performance - In September 2025, the company mined 5.9 Bitcoin, a slight increase from 5.8 Bitcoin in August 2025 [2]. - Bitcoin sold increased from 9.0 Bitcoin in August to 12.5 Bitcoin in September [2]. - The company's Bitcoin holdings decreased from 311.2 Bitcoin in August to 304.5 Bitcoin in September, valued at approximately $34.7 million based on a Bitcoin price of $114,070 [2][3]. - As of October 6, 2025, the value of Bitcoin holdings rose to approximately $38.1 million, with a Bitcoin price of $125,000 [3]. Operational Update - The acquisition of a Mississippi site for $4.3 million added 7.5 MW of capacity and 220 PH/s to the company's operations, funded entirely from the balance sheet [2][3]. - Total machines increased from 5,538 in August to 7,491 in September, with the addition of 2,376 machines in Mississippi [2]. - The average hashrate improved from 0.39 EH/s in August to 0.48 EH/s in September, despite operational challenges during the transition of the Mississippi site [3]. Leadership Changes - Todd Liebel was appointed as Vice President of U.S. Digital Mining & Hosting Co., tasked with overseeing the integration of the Mississippi acquisition and enhancing operational efficiency [3].

AUSTRALIA’S FITELL CORP BETS ON PUMPFUN WITH 216M TOKEN BUY- Fitell Corporation, an Australian fitness firm, has acquired 216.8 million PUMP tokens worth $1.5 million.- The purchase announced October 2 is the first direct step in the company's treasury strategy.- CEO Sam Lu said the buy reflects a commitment to “deepen participation in Solana’s growth story” while diversifying Fitell’s balance sheet.- The company has also begun the process of rebranding as Solana Australia Corporation.- The $PUMP acquisitio ...

Partnerships - Company partners with @solstrategies_ to support treasury strategy [1] - Company partners with @solstrategies_ to power validator integration [1]