The increase reflects the build out of the treasury strategy includes seven million increase in employee compensation, a four million increase in public company expenses, a 1.5 million increase in digital asset treasury fees, a 1.2 million increase in legal fees, and a 1.1 million increase in travel.

Sep 17, 2026 / CFO / receipt / Andrew Nordstrom, CFO | earnings call 2026-09-17 | transcript d4aa3ece-8414-4db1-a86a-88f228ed0c41 | chars 8621-8922 | segment 8