Blok Whatcha Buying Week #13 (Week 49 of 2025) \ stacker news ~Stacker

Week #12

USD/BTC = $86,302 Block 924,920

Here are the stocks I plan on buying this week:

🐂 = Bull Case 🐻 = Bear Case

1. Cathedra (CBTTF: 1,053 sats/share)($0.91/share)

See week #1 for 🐂 and 🐻 case!
Stack 6 Sats per Share with each buy (28.9 BTC on balance sheet)

Latest news:

Q3 Results

Total revenue reached C$5.5 million.

The Company recorded a net loss of C$0.8 million, a reduction of C$3.2 million as compared to the same period of 2024.

Subsequent events:

Consolidation: The Company completed a 30:1 consolidation of its issued and outstanding subordinate voting shares and multiple voting shares with a record date of October 14, 2025 to streamline the Company’s capital structure.
Data Center Expansion: The Company completed the construction of a new 15-megawatt (MW) data center, which effectively increased the existing power capacity by 50% across its portfolio in Kentucky, USA.
Infrastructure Development: The Company continued to advance its pipeline of high-potential sites, reinforcing its commitment to expanding its bitcoin mining and hosting infrastructure.

Investor Relations Page

2. Fold (FLD: 3,533 sats/share ($3.04/share)

Purchase was made via put option assignment

See week #1 for 🐂 and 🐻 case!
Stack 3,189 Sats per Share (1,526 BTC on balance sheet)

Revenue: $7.4 million; 41% YoY increase Net Income: $0.6 million Adjusted EBITDA2 (Loss): ($4.2) million Earnings Per Share: $0.01 per share Adjusted EBITDA (Loss) Per Share2: ($0.09) per share Bitcoin Investment Treasury Holdings1: 1,526 BTC Key Operating Metrics

Total Transaction Volume: $235 million; 43% YoY increase Total Active Accounts: 625,000+, added +7,500 new accounts in the quarter Total Verified Accounts: 82,000+, added +2,000 new verified accounts in the quarter

CEO Commentary

“We delivered a strong third quarter, with consistent growth across core metrics and clear execution on the priorities we set earlier this year,” said Fold Chairman and CEO Will Reeves. “Revenue grew 41% year-over-year QTD, and 48% YTD as of September 30, 2025, and Fold continues to scale as we expand the product suite and make bitcoin part of people’s everyday financial experiences.”

Click here to read the entire report

3. LQWD Technologies (LQWD: 762 sats/share)($0.66/share)

See week #2 for 🐂 and 🐻 case
Stack 865 Sats per Share (238.54) BTC on balance sheet)

Latest news:

Awaiting next report. Investor Relations Page

See week #3 for 🐂 and 🐻 case!
Stack 1,533 Sats per Share (5,765 BTC on the balance sheet.

Latest news:

Q3 Results:

Q3 2025 Financial Summary (vs. Q3 2024)

Highlights from the Company’s results for the third quarter of 2025 from its Bitcoin treasury, as well as its existing integrated healthcare services business, were as follows:

Total Revenue for the third quarter of 2025 was $0.4 million compared to $0.6 million in Q3 2024, which reflects the results of the Company’s healthcare business.
Total operating expenses in Q3 2025 were $10.8 million compared to $1.7 million in the third quarter of 2024, primarily driven by increased SG&A costs related to the Company’s recently launched Bitcoin strategy.
Net Loss for the third quarter of 2025 was $86.0 million or $(0.42) per diluted share compared to $1.0 million or $(0.17) per diluted share in Q3 2024. Net loss was primarily driven by a $59.8 million non-cash charge related to the loss on acquisition of Nakamoto and $22.1 million non-cash charge related to an unrealized loss on digital assets. The net loss was also driven by a realized loss on digital assets of $1.4 million, resulting from Bitcoin sold to fund the Company’s investments in Metaplanet Inc. and Treasury.

Click here to see the full Q3 report

5. Strive (ASST: 1,163 sats/share, $1.01/share)

See week #4 for 🐂 and 🐻 case!
Stack 908 Sats per Share ( 7,525 BTC on the balance sheet)

Latest news:

Q3 Report summary and BTC purchase details

Click here to see Q3 report

Click here to see BTC Treasury dashboard

See week #9 for 🐂 and 🐻 case!
No Bitcoin on the balance sheet

Latest News:

None

Commentary

Still no update on INX. My 2k shares are still in limbo. I think they are still trying to close their M&A deal but no news yet.

BTC took a massive dump and now everyone is bearish and calling bitcoin treasury companies rather dumb ideas. All the fiat mindset thinking is wild.

Most bitcoiners bitch and cry about the price going down and then look at the stock price of these companies going down and dunking on those who purchased shares completely ignoring the fundamentals.

If these companies are not forced sellers of bitcoin and are able to pay their operating expenses either with cash flow from the business or by smartly extending themselves with credit (which is a risk) then these companies are no different than the individual who is holding their stack when the price dumps.

The strong will survive and the weak will get liquidated. As it is true for individuals who panic sell and companies who have poor treasury management and become forced sellers. Those who hold till the end will win.

Until next week.