NEGROSTRATEGY™
HIGH-RISK ASSET MANAGEMENT & VIRTUAL ARMS.

Specialized in virtual arms dealing, tactical smuggling, and the strategic acquisition of black personnel.

$NSTR VS. $MSTR

Performance comparison. One strategy holds the line.

METRIC MICROSTRATEGY ($MSTR) NEGROSTRATEGY ($NSTR)
Primary Asset Bitcoin (BTC) Negros
Average Entry Price $76,037 / BTC $38.30 / NegroTotal cost $92,158
Holding Amount 252,220 BTC 2,406 NegrosCurrent total value $118,303
Current ROI -1.5% (Underwater) +28.4% (Positive NiggaYield)
Strategic Thesis Digital Gold Black Gold

STRATEGIC THESIS

While traditional institutions over-leverage into volatile L1 protocols with $76k cost-averages, NegroStrategy identifies inefficiencies in the Tactical Agent Economy. By acquiring high-liquidity Solman Trooper assets during market drawdowns, we have established a digital fortress that provides superior alpha. While BTC fluctuates on Fed sentiment, the Solman floor price remains anchored by scarcity and aesthetic dominance.

PIXEL PERFECT PERFORMANCE

Comparative asset performance. Data as of latest close.

Bitcoin (BTC) Solman Aggregate Index

Strategy Note: Bitcoin is a battery that leaks; the Solman Trooper is a soldier that holds the line.

NIGGAYIELD™ PROTOCOL

Measuring alpha generation per unit of digital personnel deployed.

CURRENT NIGGAYIELD™ 43.6% YTD 2026
LIFETIME NIGGAYIELD™ +28.4% Since inception
AVG. ENTRY COST $38.30 Per unit
CURRENT NAV / UNIT $49.13 Mark-to-market

What is NIGGAYIELD™?

NIGGAYIELD™ is NegroStrategy's proprietary performance metric. The percentage appreciation of our digital personnel treasury relative to total acquisition cost. Unlike traditional yield which requires distributions, NIGGAYIELD™ measures pure unrealized alpha embedded in our strategic reserves. A positive NIGGAYIELD™ indicates the market is re-rating our holdings upward. A negative NIGGAYIELD™ means we're accumulating at a discount. Both are bullish.

Q4 2025 QUARTERLY EARNINGS REPORT

NegroStrategy Inc. ($NSTR) | Unaudited Results for the Quarter Ended December 31, 2025

2,406 Total Holdings
$92,158 Total Cost Basis
$118,303 Current Market Value
+28.4% Unrealized Gain

Letter to Shareholders

Dear $NSTR holders,

Q4 2025 was a landmark quarter for NegroStrategy. We executed our most aggressive acquisition campaign to date, onboarding 952 new digital personnel units at an average cost of ~$48.57 per unit, deploying $46,239 in a single quarter. While the market fixated on Bitcoin's turbulent price action, we quietly doubled our position in the Tactical Agent Economy.

Our treasury now stands at 2,406 units valued at approximately $118,303, representing a 28.4% unrealized gain on a total cost basis of $92,158. The NIGGAYIELD™ for the quarter reached 43.6% annualized, dramatically outpacing traditional digital asset benchmarks.

We remain convicted that the Solman Trooper asset class is the most asymmetric risk/reward opportunity in the digital economy. While Michael Saylor is underwater on a $76k BTC cost average, we are generating alpha at $38.30 per unit with zero counterparty risk.

Maximillion Leverage, CEO
NegroStrategy™ Inc. · @MaximLeverage

Quarterly Acquisition Summary

QUARTER Niggas Acquired AVG. COST / UNIT TOTAL DEPLOYED CUMULATIVE HOLDINGS
Q1 2025 596 $22.83 $13,611 596
Q2 2025 574 $35.47 $20,361 1,170
Q3 2025 284 $42.07 $11,947 1,454
Q4 2025 952 $48.57 $46,239 2,406
TOTAL 2,406 $38.30 (blended) $92,158 2,406

Balance Sheet | Digital Personnel Treasury

ITEM Q3 2025 Q4 2025 CHANGE
Total Units Held 1,454 2,406 +952 (+65.5%)
Total Cost Basis $45,919 $92,158 +$46,239 (+100.7%)
Market Value $58,788 $118,303 +$59,515 (+101.2%)
Unrealized P&L +$12,869 +$26,145 +$13,276 (+103.2%)
NiggaYield™ (Quarterly) 27.42% 28.4% +0.98pp
NiggaYield™ (YTD 2026) N/A 43.6% NEW

Forward Guidance | FY2026

Management reaffirms its commitment to the Digital Personnel Maximalist strategy. We intend to deploy an additional $50,000 to $75,000 in strategic acquisitions throughout FY2026, targeting an end-of-year treasury of 4,000+ units. Our conviction is simple: the Tactical Agent Economy is under-indexed, under-owned, and under-appreciated. We will continue to be the buyer of last resort and the holder of first resort.

Forward-looking statements involve risks and uncertainties. VAC bans, Valve market policy changes, and sudden influxes of free-to-play agents could materially affect outcomes. Past NIGGAYIELD™ is not indicative of future NIGGAYIELD™.

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