ACE TREASURY

Our Bitcoin Treasury Strategy

Strategy Background
Ace Digital AS’s Bitcoin Treasury Strategy builds on the team’s proven experience in Bitcoin management from February 2022 to April 2025. Initially executed through Ace Premium Fund Ltd. (February 2022–August 2023) and later directly within Ace Digital AS (September 2023–April 2025), the strategy delivered higher returns than Bitcoin with significantly lower volatility and drawdown. This track record, driven by effective risk management across diverse market conditions, underpins the robust foundation for Ace Digital’s treasury approach.

About The Strategy
The strategy targets 100% Bitcoin exposure for the company’s capital through two sub-portfolios:

1. Pure Bitcoin

2. Bitcoin and Bitcoin Derivatives.

This structure provides downside protection for parts of the portfolio to mitigate severe market declines, as Bitcoin has historically experienced 80% drawdowns three times. Viewing Bitcoin as valuable property, we believe insuring it against significant losses is prudent, similar to insuring other assets.

High risk of price swings in the share

Investing in Ace Digital share involves significant risks. The value of your investment may fluctuate considerably and is not guaranteed. Ace Digital is highly exposed to the volatility of the Bitcoin market, which has historically experienced significant price swings. While the company employs hedging strategies to mitigate risks, there is no guarantee that these strategies will be effective. Past performance is not indicative of future results.