Tether sold the Additional PIPE Bitcoin (4,422.688667 bitcoin) to Pubco immediately prior to Closing in exchange for 37,532,514 shares of Pubco Class A Stock and 37,532,514 shares of Pubco Class B Stock per Business Combination Agreement in 8-K filing dated 2025-12-12
Pubco purchased from Tether the June PIPE Bitcoin for an aggregate price equal to the June PIPE Net Proceeds at Closing per Business Combination Agreement in 8-K filing dated 2025-12-12
Tether sold the Option PIPE Bitcoin to Pubco at a purchase price equal to the Option PIPE Net Proceeds at Closing per Business Combination Agreement in 8-K filing dated 2025-12-12
Initial position of 42,000 Bitcoin acquired via contributions from Tether (18,713 BTC), Bitfinex (7,000 BTC), SoftBank via Tether (10,500 BTC), in-kind from PIPE investors (348 BTC), and purchases with net PIPE proceeds (5,440 BTC) per Business Combination Agreement in 8-K filing