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DIGITAL ASSET LOAN RECEIVABLE

6 Months Ended

Jun. 30, 2026

NOTE 4 – DIGITAL ASSET LOAN RECEIVABLE

The Company has entered into digital asset loan arrangements pursuant to which it has lent SUI tokens to third parties in exchange for stated fees payable in digital assets.

Under a digital asset loan arrangement entered into in September 2025 with Galaxy Digital LLC (“Galaxy Digital”), the Company lent SUI tokens under an evergreen facility that may be terminated with seven days’ notice at the Company’s election. The Company earns fees based on a stated annual rate, payable in SUI tokens. Repayment may be made either in kind or in cash equal to the fair value of the digital assets loaned. During the six months ended June 30, 2026, the loan arrangement was fully settled and all outstanding amounts were repaid. The realized loss recognized upon settlement primarily reflected changes in the market value of the underlying SUI tokens during the loan period, rather than any credit-related loss or shortfall in repayment.

In September 2025, the Company entered into a separate digital asset loan agreement with BlueFin Labs Inc. (“BlueFin”), pursuant to which the Company lent 2.0 million SUI tokens in exchange for a fee of 5% of specified revenues generated by certain of BlueFin’s operations relating to its decentralized exchange, payable in SUI tokens. During the six months ended June 30, 2026, the Company and BlueFin entered into an amended and restated digital asset loan agreement (the “Amended and Restated BlueFin Loan Agreement”) whereby the Company lent an additional 4.0 million SUI tokens to BlueFin (increasing the total number of lent SUI tokens to 6.0 million) and increased its fee to 11% of the revenues generated by the specified operations of BlueFin and certain of its affiliates. The Amended and Restated BlueFin Loan Agreement has an initial term ending September 30, 2028, which may be extended upon written consent of both parties. The loaned digital assets are required to be returned in kind, subject to customary exceptions, at maturity or upon earlier termination.

Neither of the above-mentioned arrangements contain a collateral requirement.

(In thousands)	June 30, 2026			December 31, 2025
Digital asset loan receivable — current	$	—		$	1,354
Digital asset loan receivable — non current		4,139			2,806
Less: allowance for credit loss		(578	)		(548	)
Total Digital asset loan receivable (net)	$	3,561		$	3,612

Digital asset loan receivable activity for the six months ended June 30, 2026, is as follows (In thousands, except for token quantities):

	Number of Tokens			Cost basis			Fair value
December 31, 2025		2,965,276		$	8,082		$	3,612
Loans advanced		4,000,000			2,870			2,870
Return of digital asset loan		(961,550	)		(3,394	)		(1,023	)
Realized loss on return of digital asset loan		—			—			(2,371	)
Digital asset loans interest earned		89,959			90			90
Digital asset loans interest received		(93,685	)		(96	)		(96	)
Provision for credit losses		—			—			(30	)
Unrealized gains losses		—			—			509
June 30, 2026		6,000,000		$	7,552		$	3,561

Digital asset loan receivables are measured at fair value on a recurring basis in accordance with ASC 820, Fair Value Measurement, using quoted prices in active markets (Level 1 inputs).