On April 3, 2026, the Company entered into a loan agreement with Lagodivilla, Ltd. (“Lagodivilla”), pursuant to which the Company advanced a loan in the principal amount of $1.8 million. The loan bears simple interest at a rate of 5.0% per annum and had an original maturity date of June 3, 2026. Pursuant to the agreement, Lagodivilla may satisfy its repayment obligation at maturity either in USDC or, subject to specified conditions, by delivering 102,995 shares of common stock of the Company held by Lagodivilla.

As of June 30, 2026, the principal balance outstanding under the loan was $1.8 million (excluding accrued interest), which is recorded within Notes receivable, current on the Company’s unaudited condensed consolidated balance sheet. Although the original maturity date passed prior to June 30, 2026, the Company and Lagodivilla subsequently agreed to an extension of the loan term. See Note 17, Subsequent Events, for additional information. Management evaluated the collectability of the loan in accordance with ASC 326 and determined that no allowance for credit losses was required as of June 30, 2026.