Red Light Holland checks in with investors

Executive Summary

• Red Light Holland Corp. provides an update on its Bitcoin balance sheet strategy, confirming the purchase of 10,600 shares of the iShares Bitcoin ETF (IBIT) at an average cost of $44.60 per share.
• The company is establishing a corporate account with a leading exchange to utilize Arch Public Inc.'s algorithmic trading strategies, following a July 25 announcement selecting Arch Public as a partner.
• CEO Todd Shapiro and lead cryptocurrency adviser Scott Melker emphasize a disciplined approach to accumulating Bitcoin and leveraging advanced trading tools to strengthen the company's treasury and create long-term value.

Key Details

• Bitcoin ETF Holdings: Purchased 10,600 shares of the iShares Bitcoin ETF (IBIT).
• Acquisition Cost: Average cost of $44.60 per share.
• Strategic Allocation: Part of a previously disclosed plan to allocate up to $2 million toward Bitcoin and related assets.
• Trading Infrastructure: Working with a leading exchange to establish a corporate account to fully utilize Arch Public Inc.'s algorithmic trading strategies.
• Partnership Context: Builds on the July 25 announcement regarding the selection of Arch Public, recommended by lead cryptocurrency adviser Scott Melker, as a partner for Bitcoin acquisitions.
• Company Mission: Integration of blockchain/cryptocurrency into operations while pursuing missions in functional mushrooms and psychedelics markets.

Notable Quotes

• Todd Shapiro, CEO: "We're pleased to report meaningful progress on our bitcoin balance sheet strategy. Not only have we grown our position in IBIT with 10,600 shares purchased to date, but we are also actively setting up the necessary infrastructure with a major exchange to begin leveraging Arch Public's strategies. This combination of disciplined ETF accumulation and sophisticated trading tools is designed to strengthen our treasury while aligning with our vision of innovation, decentralization and long-term value creation."
• Scott Melker, Lead Cryptocurrency Adviser: "Red Light Holland is taking a balanced and responsible approach to bitcoin, combining ETF exposure with the next steps of advanced trading strategies via Arch Public, while holding bitcoin on a reputable exchange, is a careful decision aimed at building long-term value."