Spirit Blockchain Capital Reports H1 & Q2 2025 Results, Completes SpiritLinQ, & Advances Institutional Blockchain Strategy

Executive Summary

• Spirit Blockchain Capital Inc. reported unaudited financial results for the quarter and six months ended June 30, 2025, alongside key strategic milestones including the launch of ETPs, completion of the SpiritLinQ platform, and the establishment of SpiritReserve Group.
• The company reported a net loss of $1.23 million for Q2 2025 (compared to $0.53 million in Q2 2024) and a total shareholders' deficiency of $151,491 as of June 30, 2025.
• Strategic developments include the launch of Spirit Ethereum Yield+ and Spirit Solana Yield+ ETPs on the SIX Swiss Exchange and Deutsche Börse, the completion of the proprietary SpiritLinQ tokenization platform, and the operational launch of SpiritReserve Group for active treasury yield generation.

Key Details

• Financial Results (Q2 2025):
  • Net loss: $1.23 million (Q2 2024: $0.53 million).
  • Total Assets: $1.0 million.
  • Working Capital Deficit: $276,614 (improved from $1.38 million deficit as of Dec 31, 2024).
  • Shareholders’ Deficiency: $151,491.
• Financial Results (Six Months Ended June 30, 2025):
  • Net loss: $2.36 million (YTD 2024: $0.97 million).
• Balance Sheet Transactions:
  • Issued 239,541 Common Shares upon exercise of outstanding warrants.
  • Issued 4,435,417 Common Shares to settle $350,875 in payables.
  • Recorded a gain of $151,281 from the payable settlement.
• Strategic Product Launches:
  • Spirit ETPs: Launched Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP on the SIX Swiss Exchange and Deutsche Börse in March 2025.
  • SpiritLinQ: Proprietary digital asset tokenization and wealth platform is fully developed; pilot onboarding scheduled for Q3 2025, with full commercial launch expected in Q4 2025.
  • SpiritReserve Group: Established to focus on active treasury operations, deploying multi-token assets (BTC, ETH, SOL, DOGE, XRP) into yield-generating strategies including staking, algorithmic hedging, structured product issuance, and institutional lending.
• Market Access:
  • Common shares began trading on the OTCQB® Venture Market under ticker “SBLCF” on April 22, 2025, following an upgrade to the OTCQB Venture Market.

Notable Quotes

• "The first half of 2025 underscores the Company’s methodical transition into a regulated blockchain infrastructure and income generation platform. With SpiritLinQ development complete and SpiritReserve now operational, we are actively deploying capital into yield-generating strategies, bridging institutional-grade tokenization with real income. This shift marks our complete transition from productization to scalable execution."