Past performance is not indicative of future results. Digital asset trading involves substantial risk, including the potential loss of the entire invested capital. Highstake LLC is not registered as an investment adviser in any jurisdiction; the fund operates on a private placement basis, available only to qualified allocators meeting the minimum allocation threshold. Returns shown are net strategy returns after trading, funding, and commission costs; before performance fee. S&P 500 and BTC comparisons shown for directional context only; the strategy is non-correlated to equity beta or BTC spot. Headline max drawdown of −6.7% includes intraday and notional-equity excursions. Final terms confirmed in the SMA agreement. This document is confidential and intended solely for the recipient.