Blockmate acquires one bitcoin, now holds two

Mr. Justin Rosenberg reports BLOCKMATE EXPANDS TREASURY, ACQUIRES 1 MORE BITCOIN Blockmate Ventures Inc. has expanded its bitcoin treasury division through the acquisition of one bitcoin, which takes Blockmate's treasury holding to two bitcoin. The new one-bitcoin acquisition was financed from Blockmate's existing cash reserves and is stored with secure wallet infrastructure that has been integrated with Blockmate's audited reporting. The treasury is aligned to Blockmate's conviction that bitcoin will play an increasingly important role as a strategic treasury asset for companies focused on preserving value and managing risk. In scenarios where bitcoin prices rise quickly, businesses like Blockmate's wholly owned subsidiary Blockmate Mining could quickly increase profitability by gaining access to capital and rapidly upscaling. As announced on May 27, 2025, Blockmate Mining has secured a site with electricity costs of just 3.3 U.S. cents per kilowatt-hour -- among the most competitive rates in North America. Once fully developed, the facility is expected to support up to 200 megawatts of mining infrastructure. For illustrative purposes only, based on current bitcoin prices and network difficulty, a fully utilized 200-megawatt site could generate approximately 200 bitcoin per month. Similarly, under current market conditions, the site could support bitcoin mining at an estimated 40-per-cent discount to the prevailing spot price. In scenarios where investees can capitalize on high bitcoin prices, Blockmate's treasury could provide finance options whereby Blockmate benefits from treasury appreciation and financing income. Justin Rosenberg, chief executive officer of Blockmate Ventures, commented: "As an incubator of venture projects specializing in the blockchain space, Blockmate is in a position to gain capital growth exposure to bitcoin, while also building what could potentially be a significant capital facility. Coupled with the Blockmate team's strong track record in building blockchain businesses, Blockmate will be in a stronger position to identify, incubate, commercialize and scale up more innovative blockchain and Web3 projects." Blockmate maintains a strict investment mandate for all investees and has no immediate plans to use the to-be-acquired bitcoin for any specific project at current bitcoin market prices. Subsequently, the bitcoin will remain as an asset on Blockmate's balance sheet until such time arises or it is divested. Further potential bitcoin and digital asset acquisitions will be reviewed periodically. About Blockmate Ventures Inc. Blockmate Ventures is a blockchain and Web3 venture builder investing in and operating scalable blockchain, mining and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the company's portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond. We seek Safe Harbor.