22. Subsequent Events

Management evaluated subsequent events through July 20, 2026, the date the condensed interim consolidated financial statements were available to be issued.

Share Repurchases

Subsequent to May 31, 2026, the Company repurchased and cancelled an additional 262,873 common shares pursuant to its authorized share repurchase program for total consideration of $268,170 excluding transaction costs. Transaction costs directly attributable to the share repurchases of $5,808 were incurred in connection with the subsequent repurchases and will be recorded as a reduction of share capital within shareholders’ equity.

Digital Asset Activity

Subsequent to May 31, 2026, the Company acquired approximately 130,343 INJ through market purchases and received approximately 55,444 INJ from staking rewards, bringing the Company’s total holdings to approximately 7,746,789 INJ with a total fair value of approximately $41.9 million. These changes have not been recognized in the accompanying condensed interim consolidated financial statements.

Financing Arrangements

Subsequent to May 31, 2026, the Company borrowed an additional $1.26 million under its financing arrangements, the proceeds of which were used primarily to acquire additional digital assets and fund interest and related financing obligations.

On June 2, 2026, the Company entered into a Fourth Amended and Restated Loan Term Sheet with FalconX Charlie Inc., increasing the maximum principal amount available under the financing arrangement from $20.0 million to $24.0 million. The amendment did not otherwise materially modify the principal economic terms of the financing arrangement.