Core Viewpoint - Forward Industries, Inc. will host a conference call on February 12, 2026, to discuss its financial and operating results for the three months ended December 31, 2025 [1]. Group 1: Conference Call Details - The conference call will take place at 5:00 p.m. Eastern Time [1]. - Participants can join the call using a toll-free dial-in number (877) 407-2991 or an international dial-in number (201) 389-0925 [3]. - A webcast of the earnings call will be available, and participants can access it using the "call me" option for instant telephone access [3]. Group 2: Company Overview - Forward Industries, Inc. is a Solana-focused digital asset treasury company, aiming to buy, hold, stake, trade, invest in, and grow SOL and related digital assets [5]. - The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana developers and projects to increase shareholder value [5]. - The digital asset treasury strategy was launched in September 2025, supported by industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto [5].

Group 1 - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) in a disciplined manner, currently holding over two million SOL [3] - The company employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases to benefit from potential price appreciation of Solana [3] - Upexi will participate in one-on-one investor meetings at A.G.P.'s Digital Asset Innovation Summit from February 22-25, 2026, in Beaver Creek, Colorado [1][2] Group 2 - The management team includes Brian Rudick, the Chief Strategy Officer, who is available for investor meetings [2] - Upexi operates in a risk-prudent manner to appeal to a wide range of investors and position itself for various market environments [3] - The company also specializes in the development, manufacturing, and distribution of consumer products, enhancing its brand ownership [3]

Group 1 - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) in a disciplined manner, currently holding over two million SOL [3] - The company employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases to benefit from potential price appreciation of Solana [3] - Upexi will participate in one-on-one investor meetings at A.G.P.'s Digital Asset Innovation Summit from February 22-25, 2026, in Beaver Creek, Colorado [1][2] Group 2 - The management team includes Brian Rudick, Chief Strategy Officer, who will be available for meetings during the summit [2] - Upexi operates in a risk-prudent manner to appeal to a wide range of investors and position itself for various market environments [3] - The company also specializes in the development, manufacturing, and distribution of consumer products, enhancing its brand ownership [3]

Core Insights - Sharplink (SBET) has transitioned from an online affiliate marketing company to one of the largest digital asset treasury companies (DATCOs) in the market [1] Company Strategy - The treasury strategy of SBET was announced in June of the previous year, indicating a focused approach towards digital asset management [1]

Company Overview - Forward Industries (FWDI) is positioned to consolidate the digital asset treasury space due to its unlevered balance sheet and lack of corporate debt, allowing it to take advantage of market opportunities while competitors are retrenching [1][2] - The company has strategically avoided leverage, providing flexibility to deploy capital responsibly when opportunities arise, positioning it as a net consolidator rather than a forced seller [2] Industry Context - Digital asset treasury companies are facing pressure from falling cryptocurrency prices, which have led to increased leverage and forced some firms to liquidate crypto holdings to manage debt and maintain liquidity [3] - The sustainability of the digital asset treasury model is being questioned in prolonged bear markets due to these pressures [3] Financial Position - Forward Industries holds approximately 7 million solana (SOL) tokens, which were acquired at an average price of $232, now valued at around $600 million, reflecting a paper loss of about $1 billion as SOL's current price is just above $85 [4] - The company's stock has decreased significantly from a peak near $40 to just above $5, indicating a substantial decline in market valuation [4] Strategic Moves - In 2025, Forward Industries raised approximately $1.65 billion in a private investment in public equity, making it the largest solana-focused treasury company in public markets, with holdings exceeding those of its next three competitors combined [5] - The strategy involves accumulating SOL, staking it for on-chain yield, and leveraging its cost-of-capital advantage to enhance per-share value over time [5] Market Opportunities - The current dislocation in crypto equities presents opportunities for disciplined capital allocation, which can be highly accretive for the company [6] - As market sentiment improves and stock prices rise above net asset value, Forward Industries can issue equity to acquire more crypto; conversely, in weaker markets, generating accretion becomes easier due to compressed prices and expectations [6]

Core Insights - Strategy (MSTR) reported a significant fourth-quarter 2025 loss of $42.93 per share, which is much wider than the previous year's loss of $3.03, primarily due to fair-value accounting adjustments on bitcoin rather than operational issues [1][7] - The company's revenues reached $123 million, exceeding the Zacks Consensus Estimate by 2.83%, and showed a year-over-year increase of 1.9% [1][7] Revenue Breakdown - In Q4 2025, product licenses and subscription services revenues rose by 26.3% year over year to $59.6 million, making up 48.5% of total revenues, with subscription services increasing by 62.1% to $51.8 million, while product licenses fell by 48.5% to $7.9 million [2] - Product Support and Other Services revenues decreased by 16.9% and 1.8%, respectively [2] Profitability Metrics - Gross profit declined by 6% year over year to $81.3 million, with gross margin decreasing by 560 basis points to 66.1% [2] - The company reported an operating loss of $17.4 billion, significantly higher than the $1.0 billion loss in the same quarter last year, primarily due to a $17.4 billion unrealized loss on digital asset holdings [3][7] Bitcoin Holdings - Strategy is the largest bitcoin treasury company globally, holding 713,502 bitcoins at a total cost of $54 billion, averaging $76,000 per bitcoin [4] - The bitcoin yield was 23.1% year to date, with a gain of 101,873 bitcoins generating approximately $8.9 billion in value for the full year 2025 [4] Balance Sheet Overview - As of December 31, 2025, cash and cash equivalents stood at $2.3 billion, a significant increase from $54.3 million as of September 30, 2025 [5] - The market value of the company's digital assets was approximately $59.75 billion, reflecting an average market price of $83,740 per bitcoin as of January 30, 2026 [5] Fundraising Activities - In the reported quarter, MSTR raised approximately $5.6 billion, with an additional $3.9 billion raised between January 1, 2026, and February 1, 2026, through various ATM programs [6]

Core Viewpoint - Upexi, Inc. has entered into a definitive agreement for a registered direct offering of common stock and warrants, aiming to raise capital for working purposes and its SOL maximum return strategy [1][2]. Group 1: Offering Details - The company will sell and issue 6,337,000 shares of common stock and warrants at a combined offering price of $1.17 per share [1]. - The warrants have an exercise price of $1.50 per share, are immediately exercisable, and will expire five years after issuance [1]. - The closing of the offering is expected around February 9, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital, general corporate purposes, and the company's internally managed SOL maximum return strategy [2]. Group 3: Amendment of Existing Warrants - The company has agreed to amend existing warrants for 3,289,474 shares, reducing the exercise price from $4.00 to $2.83 per share and lowering the redemption price trigger from $8.50 to $7.00 per share [3]. Group 4: Company Overview - Upexi, Inc. is a digital asset treasury company focused on acquiring and holding Solana (SOL), currently holding over two million SOL [6]. - The company employs strategies such as intelligent capital issuance, staking, and discounted locked token purchases to enhance value [6]. - Upexi also operates as a brand owner in the development, manufacturing, and distribution of consumer products [6].

Q4 2025 Financial Results February 5, 2026 Copyright © 2026 Strategy. All Rights Reserved. Strategy Q4 2025 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward- looking statements due to various important factors, including fluctuations in the price of Bitcoin and the risk factors discusse ...

Core Viewpoint - Hyperliquid Strategies Inc will host a live webcast on February 11, 2026, to present its financial and operational results for Q4 2025, focusing on its treasury strategy and HYPE token accumulation [1][2]. Group 1: Company Overview - Hyperliquid Strategies Inc (NASDAQ: PURR) is a digital asset treasury platform aimed at maximizing shareholder value through the accumulation of HYPE tokens, which are integral to the Hyperliquid ecosystem [3]. - The company is positioned as the largest HYPE-focused digital asset treasury vehicle, capitalizing on the rapid growth of Hyperliquid and providing exposure to significant revenue pools in digital assets [3]. Group 2: Webcast Details - The webcast will feature senior management, including CEO David Schamis and CFO Brett Beldner, discussing the company's treasury strategy, capital deployment initiatives, and alignment with Hyperliquid's growth [2]. - An audio webcast format will include a Q&A session, with registration encouraged in advance [4].

Core Viewpoint - DeFi Technologies (NASDAQ: DEFT) is facing allegations of issuing materially false and misleading statements regarding its business operations and financial performance during the class period from May 12, 2025, to November 14, 2025 [1]. Group 1: Allegations - The complaint alleges that DeFi Technologies was experiencing delays in executing its DeFi arbitrage strategy, which was a key revenue driver for the company [1]. - It is claimed that DeFi Technologies understated the competition it faced from other digital asset treasury companies, which negatively impacted its ability to execute its DeFi arbitrage strategy [1]. - As a result of these issues, the company was unlikely to meet its previously issued revenue guidance for the fiscal year 2025 [1]. - The defendants allegedly downplayed the true scope and severity of the negative impacts on DeFi Technologies' business and financial results [1]. - Consequently, the public statements made by the defendants were materially false and misleading throughout the class period [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of DEFT during the specified timeframe are encouraged to register for the class action and can do so without any cost or obligation [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2]. - The deadline for seeking lead plaintiff status is January 30, 2026 [2]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3].