B HODL UPDATE @bitcoinhodlco | AQSE: $HODL | OTCQB: $BHODF | FRA: $F5S Bitcoin Corporate Day, London On Tuesday we took part in Bitcoin Corporate Day in London, a closed-door forum hosted by the @BTCPrague team, bringing together close to 300 senior decision-makers to discuss how Bitcoin actually fits inside a business: on the balance sheet, in payments and settlement, as collateral, and in productive treasury. It’s also worth noting who was in the room. A former Prime Minister and a former Chancellor both attended, as did a former Minister of State in the Cabinet Office. That is a marker of how quickly Bitcoin has moved from the margins into the mainstream of UK business and political thinking, and it is the environment in which B HODL is operating. London was the first stop on the Corporate Day international team tour, with high-quality panel discussions, a genuinely institutional audience, and a conversation that has clearly moved on from whether corporates should hold Bitcoin to how they hold it and what they build with it. I spoke on stage with @bencousens of Antidote, @RayOLightShow of Bitwise, and Charlie Erith of Wiston Capital, drilling down into the blockers and headwinds that are in the way of the Bitcoin industry in the UK, and considering what can be done about them. A perfect summary of what the day was actually about is from Sygnum Bank, shared in the thread. (h/t to @Matyas44Cook, @kucharmartin_ @adamthamesbtc and the entire team for a great achievement!) Antidote: Fireside the Night Before The evening before, Antidote opened their doors for Bitcoin Corporate Day drinks, with a fascinating fireside between our lead investor @adam3us and @jonathanbier . These events, whether formal or informal, are always filled with substantive conversations often in a small room of people who are building in this space, rather than presenting to it. Thanks to @AntidoteBTC for hosting, as ever! Follow-Up Meetings: Liquidity and Lightning The value of an event like Bitcoin Corporate Day is not only the day itself, but also and especially in everything that follows. We have spent the days since in follow-up meetings with existing and prospective counterparties across two themes: Liquidity. Constructive discussions on access to liquidity provided by our operating businesses, and on how counterparties are thinking about Bitcoin-denominated balance sheets going into next year. Lightning business - LSP and Routing Since launching our public Lightning infrastructure we have had a steady stream of inbound interest from businesses that want to connect to well-run nodes, buy inbound liquidity, or build payments on top of our capacity. This week sharpened the scope of that opportunity considerably: • Expansion of our node business — growing capacity and channel count to meet demand from businesses that need reliable inbound liquidity without running their own infrastructure. • Connections to our nodes — new counterparties looking to open channels directly with BHODL Public 01, possible both via clearnet and over Tor. • API and agent access — We use an API for our node (lightning.bhodl.com/docs/#ta…) so that businesses, developers and AI agents can provision liquidity programmatically without manual intervention. The takeaway from the week: there is real, paying demand for well-managed Lightning liquidity, and we are one of a small number of operators able to serve it institutionally. If you are building on Lightning and need reliable infrastructure, you can connect directly here: lightning.bhodl.com/ Lightning Infrastructure Growing Our public node, BHODL Public 01, continues to grow. We now hold 7.01 BTC of capacity across 56 channels, ranking us 103rd globally by capacity and 108th by channel count. Here’s looking ahead to breaking into the top 100!

This is really interesting (and a very nuanced legal point). What the court DID NOT say: It did not rule that Bitcoin is not property. It is (and the legislation makes that clear. See the Property (Digital Assets) Act 2025 linked in the thread). A court cannot overrule legislation. But remember – English law sees Bitcoin as INTANGIBLE property. The specific cause of action in this case was called the tort of conversion. This is a technical civil ‘wrong’, that happens when one person intentionally interferes with another person’s property in a way that completely deprives the owner of its use or possession. What happened in this case was that the seed phrase for the claimant’s @Trezor was accessed by his estranged wife, and she then swept his wallet. The tort of conversion MIGHT have enabled him to bring a claim against her for the lost property. The kicker? The tort of conversion ONLY applies where a tangible, physical asset is involved. The law may over time evolve to change this, but at the moment, other causes of action must be used to bring his claim, such as unjust enrichment and proprietary restitution. TLDR? The court did not say that Bitcoin wasn’t property. They said, correctly, that it is not PHYSICAL property, and that therefore the specific legal claim, and the specific legal remedy, sought by the complainant were not applicable in this case.