Join us for a live Space with LQWD’s CEO @shoneanstey , President Ashley Garnot & VP Finance Matthew Whitcomb @BitcoinWhitcomb We’re talking where LQWD is at, where we’re headed, and the growing excitement around Bitcoin — with a live Q&A to follow!

LQWD: Struck by Lightning Investment Thesis Liquid Technologies (TSXV: $LQWD; OTC: $LQWDF) offers early exposure to the emerging Bitcoin treasury company trend through a BTC-native operator with proven resilience. Unlike recent opportunistic entrants, UTXO-backed LQWD has held Bitcoin through a full market cycle and operates complementary Lightning Network infrastructure. Clean balance sheet, attractive market premium, increasing institutional attention, and experienced leadership provide optionality for rapid treasury scaling. Company Overview Canadian Bitcoin infrastructure company transitioning to treasury-focused strategy. Holds 166 Bitcoin with Lightning Network operations (operates over 20 global Lightning nodes which generates yield in BTC from routing fees) providing technical differentiation. Founded 2019, public since 2021, and survived 2022-23 bear market without selling Bitcoin. Investment Highlights 1. Credible Bitcoin Leadership CEO Shone Anstey @shoneanstey is a veteran of both internet infrastructure and Bitcoin, active since 2012. He co-founded blockchain analytics firms and previously ran one of Canada’s largest crypto exchanges. In April 2025, LQWD appointed Coyn Mateer @CoynMateer (UTXO) as a director, adding capital markets strength and BTC-native alignment. 2. Bitcoin-Native Resilience Founded in 2019, LQWD has held BTC through bear cycles and was not a late-cycle entrant. Its Bitcoin holdings were built through public equity raises and strategic treasury strategy, not opportunistic pivots. This history signals long-term conviction. 3. Lightning Network Synergy LQWD operates 20+ Lightning Network nodes and earns routing fees denominated in sats. Participation in Lightning requires Bitcoin as collateral for channels, creating structural BTC demand. This provides both technical and operational synergy with its treasury model. 4. Clean Balance Sheet and Aligned Incentives LQWD currently holds 166 BTC, carries no debt or convertibles, and has room to strategically raise capital. The CEO has invested >$500K personally and draws no salary, and UTXO Management has taken a material stake, signaling strong shareholder alignment. 5. Market Recognition Emerging The stock has rallied >150% since Mateer’s appointment, with volume now above 100K shares/day on TSX and OTC. Institutional visibility is nascent but accelerating. Key Metrics BTC Holdings: 166 BTC NAV: $17mm Market Cap: $70mm MC mNAV: 4.1x BTC Yield (Annualized): 17.7% Conclusion LQWD isn’t a trend chaser - it’s an established Bitcoin-native operator with a differentiated model. With a healthy market premium (4x mNAV), first-mover advantage in Canada, and increasing retail and institutional attention, LQWD is positioned as a potential breakout treasury play. If management starts to execute promptly and effectively on capital raises and BTC purchases, starting the flywheel, lightning is primed to strike.