10. LOAN

In May 2025, the Company entered into a Master Loan Agreement (the “MLA”) with BitGo Prime, LLC providing the Company the ability to secure USD cash loans secured by BTC. On May5, 2025, the Company entered into its first loan under the MLA for a total of $200,000, collateralized by three (3) BTC. The loan bears interest at a rate of 11% per annum, with maturity date of August 31, 2025.

On August 29, 2025, the Company repaid the outstanding balance under the May 2025 BitGo loan and entered into a new loan agreement for a total of $275,000, collateralized by four (4) BTC. The loan bears interest at a rate of 9.99% per annum and the term of the loan is open.

As of September 30, 2025, the aggregate outstanding balance on the BitGo loans was $275,000, The loan includes provisions requiring the collateral to be balanced against the outstanding borrowings.