Item 4 — Purpose of Transaction
The Reporting Person is the Chief Executive Officer and Chairman of the Board of Directors of the Issuer (the "Board"), and, accordingly, in such capacity, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Subject to the Issuer's Insider Trading Policy and the agreements described in Item 6 of this Amendment, the Reporting Person may from time to time buy or sell securities of the Issuer as appropriate for his personal circumstances. Except as described in this Amendment, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, subject to the agreements described herein, the Reporting Person, at any time and from time to time, may review, reconsider and change his position and/or change his purpose and/or develop such plans and may seek to influence management of the Issuer or the Board with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer or other persons. The Reporting Person intends to continuously review his investment in the Issuer and may in the future determine to acquire additional securities of the Issuer or dispose of the securities of the Issuer owned by him or take any other available course of action, including surrendering or selling shares back to the Issuer for tax withholding obligations. Notwithstanding anything contained herein, the Reporting Person specifically reserves the right to change his intention with respect to any or all of such matters. The Reporting Person is the Chairman and Chief Executive Officer of the Issuer and acquired the RSUs in that capacity, pursuant to the BTC Consulting Agreement. Other than the shares of Common Stock acquired in the open-market purchases between May 26, 2026 and May 28, 2028, as described in Item 3 of this Amendment, the Reporting Person acquired the other securities pursuant to the Nakamoto Merger Agreement, the UTXO Merger Agreement, and the BTC Merger Agreement described in Item 3. As a result, the Reporting Person may have influence over the corporate activities of the Issuer. The Reporting Person acquired an aggregate of 191,448 shares of Common Stock in open-market purchases between May 26, 2026 and May 28, 2026, at the prices set forth in Item 3 of this Amendment. The Reporting Person acquired such shares for investment purposes, using his personal funds. The Reporting Person does not have any present plans or proposals as of the date hereof that relate to or would impact any of the transactions described in Item 4(a)-(j) of this Amendment.