VanEck Mid-September 2026 Bitcoin ChainCheck

Disclosures

Definitions

Bitcoin (BTC) is a decentralized digital currency without a central bank or single administrator. It can be sent from user to user on the peer-to-peer Bitcoin network without intermediaries.

Ether (ETH) is the native asset of the Ethereum network, used to pay for transactions and computation on that network.

Digital asset treasury company (DAT) is a publicly listed company whose primary strategy is to accumulate and hold digital assets on its balance sheet, generally financed through equity or convertible debt issuance.

Fully diluted (FD) shares are the total number of shares assuming all outstanding options, restricted units, warrants, and convertible securities are exercised or settled.

Total shareholder return (TSR) measures the return to a shareholder over a period, combining share price change and dividends, and is often used as a relative performance hurdle in executive compensation plans.

Russell 3000 Index measures the performance of the largest 3,000 US companies, representing a large majority of the investable US equity market.

Annual general meeting (AGM) is a company’s yearly shareholder meeting, at which matters such as director elections, say-on-pay, and equity plan increases are put to a vote.