Investor Presentaiton

Use of Excess Cash to Acquire More Bitcoin Incremental bitcoin accretion per share through purchases using excess cash -$726M ($ in Millions) Historical accumulated cash $490 Total Excess Cash Invested Operations $120 ~48K Bitcoins Purchased with Excess Cash $41 $38 $37 2020 2021 2022 2023 2024 YTD ~41.4k BTC ~2.6k BTC ~1.4k BTC ~1.2k BTC ~850 BTC 16 וח

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