SATA: the cash flow

MyFinsight

For the year ending 2025-12-31, SATA had $63,576K increase in cash & cash equivalents over the period. -$24,988K in free cash flow.

Cash Flow	2025-12-31
Net loss	-393,598
Depreciation and amortization	71
Accretion of discount on investments, net	0
Reduction in carrying amount of right-of-use assets	22
Gain on lease remeasurement	0
Net unrealized loss on digital assets, at fair value	-194,508
Other derivative loss	-14,731
Share-based compensation expense	21,710
Goodwill and intangible asset impairment	140,785
Non-cash transaction expenses	2,936
Prepaid expenses	2,103
Other current assets	-520
Other non-current assets	-47
Compensation and benefits payable	70
Accounts payable and other liabilities	-4,675
Net cash used in operating activities	-24,976
Purchases of digital assets, at fair value	854,956
Purchases of intangible assets	80
Purchases of property and equipment	12
Cash acquired through business combination	400
Purchases of short-term investments	0
Proceeds from short-term investments	0
Net cash provided by (used in) investing activities	-854,648
Proceeds from issuance of class a common stock	545,143
Proceeds from issuance of pre-funded warrants	283,170
Proceeds from warrant exercises	31,550
Payment of issuance costs	41,986
Proceeds from issuance of preferred stock	161,212
Preferred stock dividends paid	2,267
Payment of withholding tax on vesting of restricted stock	33,622
Redemption of preferred stock	0
Net cash provided by (used in) financing activities	943,200
Net increase (decrease) in cash and cash equivalents	63,576
Cash and cash equivalents, beginning of period	3,923
Cash and cash equivalents, end of period	67,499

Unit: Thousand (K) dollars (except for numbers of shares and EPS).