Bitcoin Treasury Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Cash & Equivalents	1.74
Cash & Short-Term Investments	1.74
Receivables	0
Prepaid Expenses	0.21
Total Current Assets	1.95
Other Long-Term Assets	92.33
Total Assets	94.28
Accounts Payable	0.35
Total Current Liabilities	0.35
Long-Term Debt	18.49
Total Liabilities	18.84
Common Stock	95.58
Retained Earnings	-44.22
Comprehensive Income & Other	24.08
Shareholders' Equity	75.44
Total Liabilities & Equity	94.28
Total Debt	18.49
Net Cash (Debt)	-16.75
Net Cash Per Share	-3.18
Filing Date Shares Outstanding	9.85
Total Common Shares Outstanding	10.08
Working Capital	1.6
Book Value Per Share	7.49
Tangible Book Value	75.44
Tangible Book Value Per Share	7.49

Source: S&P Capital IQ. Standard template. Financial Sources.