Investor Presentaiton

Capital Markets Activities to Acquire More Bitcoin Strong track record of accretive capital allocation strategy ~$2.2B Net Proceeds from Debt Capital Markets Activity ~$3.1B Net Proceeds from Equity ~142K Bitcoins Purchased with Debt & Equity Capital Raised for Bitcoin Purchases (Gross Proceeds in $M) Equity Financing ■Debt Financing $1,000 $1,550 $1,869 $47 $650 $205 2020 2021 ~50.6k BTC 2022 2023 (1) ~7.4k BTC ~55.5k BTC ~29.0k BTC (1) Does not include $160M of incremental equity issued in 2023 to repay $205M of bitcoin-backed loan raised in 2022. 17 וח

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