Balti

Small time investor learning to grow everyday $SOFI $DEFT $QQQG $QGRW

[Balti @BaltiTrades]

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Galaxy Group Investments LLC holds $DEFT under its own fund structure, keeping any downside contained at the subsidiary level. This protects $GLXY from direct exposure if the position moves against them.

[Balti @BaltiTrades]

$DEFT MAJOR Filing Alert 🚨
🏦 Galaxy Digital Inc. filed May 14 / 1,900,000 shares (~$1.31M current value)
This is not a small position. Galaxy Digital is one of the biggest names in crypto finance and they just disclosed 1.9 MILLION shares of $DEFT
$GLXY

[Curtis Schlaufman @CSchlauf]

Don’t let the doomers win.

[Balti @BaltiTrades]

@CSchlauf Ain’t nothing wrong with the company. Glad to continue the ride with $DEFT. Hope to see it prosper more with this coming cycle 💎💪🏻

[Curtis Schlaufman @CSchlauf]

We may be seeing the early stages of a new bull market.

Valour did about $5.5M in trading flows Monday–Wednesday.

Then Thursday and Friday alone brought in roughly $20M.

AUM is back to ~$520M.

Higher asset prices drive more trading flows, and higher AUM, which drives greater monetization %, more revenue and expanding margins.

That’s the operating leverage in the Valour model. $DEFT

[Balti @BaltiTrades]

@CSchlauf That’s what’s up Curtis. 💪🏻💎
Can’t wait for the comeback for $DEFT

[Balti @BaltiTrades]

@CaktusJxck

[Jesus Freakin Congress @TheJFreakinC]

🚨BREAKING: An ICE agent POINTED A GUN at a U.S. citizen, through her car window, while threatening her, in Falls Church, Virginia.

And the excuse?

They claimed she “almost ran them over.”

Except… she had a dash cam recording the entire thing.

She immediately called their bullshit:

“You are so full of shit. I didn’t almost run anyone over.”

The agent tells her, “You aren’t funny.”

She responds, “You aren’t funny.”

Then he threatens her… “Keep it up, I will arrest you.” While he has his gun aimed inches away from her.

She says, “I’m a legal citizen, for what?”

And they keep threatening her with arrest.

Then, the agent repeats the accusation that she tried to run them over.

So, she tells him, “Run you over when? I have dash cam recording. That’s a lie.”

And suddenly… they WALK AWAY.

Because if she had actually tried to run federal agents over, why did they just leave after she called their bullshit, and said she had video proving them wrong?

And just to emphasize the seriousness of what happened…

An ARMED federal agent had his GUN POINTED AT A WOMAN, through her car window, while threatening her with arrest.

Pointing a firearm at someone is an enormous use of force that should NEVER be treated casually… especially when the supposed justification is an accusation they apparently couldn’t… or wouldn’t… back up.

She wasn’t arrested.

They didn’t show her evidence that she committed a crime.

They just threatened her, pointed a gun at her, and repeatedly told her they would lock her up if she continued following them.

And the SECOND she says, “I have it on dash cam,” they WALK AWAY.

Because apparently the threat disappears when there’s a camera that can prove what actually happened.

This is exactly why people need to DOCUMENT these encounters.

Because when armed federal agents can point guns at citizens, and make accusations with seemingly no consequences, the public needs cameras.

And when they threaten you for asking, “For what?”

keep recording.

[Balti @BaltiTrades]

@SimCityBuildIt Can we have it so it stays the same all the time I would love to go into a rainy city every time I log in!!

[Balti @BaltiTrades]

@nmasunivision This is ridiculous even after knowing his father died we can’t give them just a chance for some privacy for a grieving family.

[Anthony Noto @anthonynoto]

@Ashton_1nvests $SOFI

[Balti @BaltiTrades]

@CaktusJxck So basically after market close or after tomorrow market close or even Friday after 4pm….

[Timothy Sweeney @Tim_Sweeney_TAR]

$sofi

Will Sofi announce a stock buyback?

Not a chance. That would not be capital efficient.

If they buy stock in the open market say tomorrow, they'd pay 16.70 a share.

If they bought back 2029 debt they effectively get about a $5 discount because of the value of the capped calls.

So if the price falls after earnings under $14.54 there's no incremental shares to be issued and they effectively buy shares back at $9.45 a share...

Would be a killer move if that's what they intended in the December 2025 capital raise... roughly issue 56 million shares at $27.50 then repurchase 89 million shares for $9.45.

[Balti @BaltiTrades]

@jhnwtt Honestly love this communication. Would’ve like this sooner but I haven’t thought twice about this investment. Going to continue investing into this company. The market is ignoring $DEFT you guys are going to pop off once crypto is back in the spotlight! Keep your heads up💪🏻

[Johan @jhnwtt]

Shareholder update

Share price
First, I want to take the opportunity to assure all shareholders that management and the team take the share price decline very seriously. We are all shareholders ourselves, and we feel the impact alongside you.

Our share price has always been highly correlated with crypto market levels and activity, which, in turn, correlate strongly with our assets under management—the dominant driver of revenues.

In my view, the primary drivers of the share price performance are a very weak crypto market, with altcoins hit significantly harder, sector rotation out of crypto equities, and technical factors mostly related to our capital raise.

Technical factors were one-off; our product innovation is steadily making us more unique and competitive. When the market turns, the business is primed to deliver even higher output than during the last crypto bull market, with even greater asymmetric upside.

Our core business has evolved and continues to become more diversified, scalable, and efficient. Our monetization rate continues to improve on an asset basis, while new, innovative products and business lines are set to go live soon.

It is certainly frustrating when launch deadlines are extended. This is almost exclusively due to a particularly difficult regulatory landscape in the EU —a reality in this sector since the company's founding. As such, it also raises the barrier to entry for competitors who lack our hard-won experience navigating our specific markets.

We saw a similar dynamic in the last cycle, when the company traded below $0.10 during the depths of the 2022/2023 bear market. At that time, the business was far less mature, Stillman was not part of the company, and DeFi Technologies carried more than $40 million of debt. During that period, management, insiders, friends, and family, myself included, helped bootstrap the company with millions of dollars of capital to keep building through the downturn.

Today, the company is considerably better positioned in this crypto bear market than it was in the previous cycle. DeFi Technologies delivered record revenue and net income in 2025, has a fortress balance sheet of approximately $150 million as of the end of Q1, is profitable, has effectively zero debt, and now operates a more diversified platform across Valour and Stillman.

Operations
We continue to invest across our core business areas while building new ones, and we are aggressively identifying and reducing suboptimal costs to lower our break-even level. While the depressed crypto market and high Bitcoin dominance put revenues under pressure, the competitiveness of our operation is only growing stronger, and we are using the weak market regime to strengthen our underlying business.

Our first hedge fund is expected to launch very soon, with more to follow, pending onboarding with one additional trading counterpart, which is now underway.

We plan to scale arbitrage strategies in the second half of the year.

Finansinspektionen, the Swedish FSA, denied approval for the UCITS structure for crypto-related assets; we have appealed the decision and are working to have it overturned. For the benefit of our investors, we aimed to base the first UCITS fund in our main market. We are now instead establishing a UCITS platform elsewhere in the EU as it’s uncertain how long the appeal process will be. We will soon update on the new timeline.

The Valour Custody platform is advancing, with a clearer launch target in the second half of the year, enabling new products and services to be built on top of it.

Stillman Digital’s growth continues despite the market climate, onboarding more and larger clients each quarter, pacing for a record year of revenue.

Crypto winters present significant opportunities for us, backed by our strong balance sheet and scalable platform. We are actively sourcing and pursuing high-value, large-scale acquisitions. It is hard to predict when any transactions may be announced, as we set a high bar for closing deals based on our criteria for shareholder value creation, but the quality and quantity of interesting opportunities are unprecedented.

AI has proven highly effective in optimizing the business, is now integral to daily operations, and will soon contribute directly to revenue generation. You will also see new AI-related investment products in our core markets, complementing our crypto product range.

Furthermore, the team behind our first fund has effectively integrated AI for many years, developing and deploying automated, AI-driven trading algorithms.

We have had net inflows in Vaopur’s ETP’s year to date, which I see as a sign of strength in the current environment. We have also concluded two large, successful brand-building campaigns in our core market, in addition to our ongoing marketing and PR activities.

Some shareholders have voiced concerns regarding the company adding a potential share consolidation to its toolbox. We must maintain maximum strategic optionality for a worst-case scenario—anything less would constitute mismanagement. We have no plans to do a reverse split if not deemed necessary and will use that option only if needed to increase the attractiveness of the share and to be 100% certain we will comply with the Nasdaq framework. It's also notable that 73% of shareholders voted in favor of the company having the option to undertake a share consolidation if needed.

I have never been more confident in our trajectory. The lesson I have learned through all the cycles since my first venture in 2014 is that success in the strong market regimes is defined by how hard we work in the downturns. Thank you for your continued support and patience. I understand these are trying times for all investors, but we are working diligently every day to build a world-class company and rebuild shareholder trust and value.

I look forward to updating you on our progress in the quarters ahead.

[Curtis Schlaufman @CSchlauf]

I’ve been as responsive and transparent as I reasonably can be. But it’s difficult to continue going above and beyond when I’m repeatedly being called a liar, along with the rest of management.

We haven’t lied about anything. Have we made mistakes, adjusted timelines, or pivoted our strategy? Absolutely. That’s the reality of building a business, especially in a rapidly evolving industry.

I’m always happy to engage in good-faith discussions and answer questions, but it’s hard to justify spending extra time trying to help when my responses are consistently met with accusations that I’m being dishonest.

[Mitchell Frondal, MBA @MitchellFrondal]

@CSchlauf @Aider_Khalilov @Salim767715 @EugenJen54441 @Forson Thanks for the post. I am a finance guy and only 2 class from being a certified CFA. I personally see no problems with this business. I get some of these retail guys including myself getting a little frustrated and with newer generations wanting instant and fast returns.

[Balti @BaltiTrades]

Nicely said. $DEFT
Still holding myself and DCA. Thinkings of future calls.

[Curtis Schlaufman @CSchlauf]

The stock will recover. Neither crypto nor the company is dead. I’m also down more than 80% on paper based on my holdings, and I’m not concerned about the long-term outlook. This is profitable business that has a levered monetization model as asset prices recover.

This is a cyclical industry, and this has historically been a cyclical stock. If you look across the sector, many crypto-related equities are also down 70%, 80%, or even 90% from their highs over the past year.

We saw the same sentiment during the last cycle, when the stock declined more than 95% — and we were over $40m in debt at the time. The concerns being raised today are very similar to what we heard then. Cycles eventually turn, and while timing is impossible to predict, my long-term conviction hasn’t changed.

Also - all I’m getting in my DM’s is complaints, questions I have answered dozens of times or people asking for non public information. I will respond to productive questions.

[Balti @BaltiTrades]

@SoFi Niceeee

[Fundamental Investing @Investinc_Intel]

https://t.co/jwcyaK01gw

[Balti @BaltiTrades]

@Dboybruh Pretty much any regular day for us….

[Balti @BaltiTrades]

@amitisinvesting Once it drops under $100