LQWD Investor Update #4 | Oct 16, 2026 This week's update is all about $LQWD (@LQWDTech) again: what our nodes did, why we see LQWD as a vertically integrated Bitcoin company, what I and the team worked on, what our investor community talked about, and a busy few weeks ahead, starting with Plan ₿ Week (@LuganoPlanB) in Lugano (@luganomycity) on Monday. BTC ROUTED: ~3,236 BTC - 18 nodes, 3.07M+ payments, lifetime (as of Oct 16) BTC HELD: ~267 BTC - Unencumbered, no debt ROUTED THIS WEEK: ~13 BTC - ~9,200 payments since the end of Oct 9 BITCOIN: ~US$81,900 - Coinbase (@coinbase) spot, Oct 16, 3:22 PM CEST LQWD THIS WEEK Our nodes kept routing all week. Our live node stats (lqwdtech.com/lightning-nodes…) show about 3,236 BTC routed and 3.07 million payments lifetime as of Friday afternoon, Oct 16 (Zurich time), across 18 routing nodes. That is roughly 13 BTC and 9,200 payments since the end of last Friday, by my math from the dashboard's cumulative series. The public node keys listed on the dashboard can be checked on any Lightning explorer. Bitcoin For Corporations (@BitcoinForCorps) featured a recording of our CEO Shone Anstey (@shoneanstey) on its stream this week. The panel, “Demystifying the Stablecoin Economy,” took place on Aug 27 on the BFC Stage at Bitcoin Asia 2026 (@Bitcoinconfasia), held Aug 27 and 28 at the Hong Kong Convention and Exhibition Centre. Shone's point holds up well: stablecoins still need liquidity to settle on, and that's where Bitcoin working on Lightning comes in. On the balance sheet: about 267 BTC, unencumbered, with no debt. Steady routing, a clean balance sheet, and the case for working Bitcoin, now on video. AN OPERATING BITCOIN COMPANY On Thursday, Oct 15, MSCI (@MSCI_Inc) announced (app2.msci.com/webapp/index_a…) that it will treat “non-operating companies” as ineligible for its Global Investable Market Indexes, starting with its November 2026 index review, effective at the close of Nov 30. Issuers will first be screened for whether they have substantial operating assets; those that fail are then tested on five financial ratios, and a company flagged on four or more is ineligible. The new methodology replaces the interim measures MSCI applied from October 2025 to companies whose digital-asset holdings were 50% or more of total assets. The news drew a lot of attention on X, because it puts a simple question in front of every Bitcoin treasury company: is it running a business, or mostly holding an asset? At LQWD, the answer is built into how the company works. We are a vertically integrated Bitcoin company, with three layers: - Bitcoin on the balance sheet: about 267 BTC, unencumbered, with no debt. - Our own Lightning routing infrastructure: 18 nodes we operate ourselves, which put that Bitcoin to work as payment-channel liquidity and earn routing fees, paid in sats. - Tooling built on top: lqwd.ai (lqwd.ai) and our AI-agent tools, which let agents find our nodes, connect and pay over Lightning. A passive treasury holds Bitcoin. An operating Bitcoin business puts it to work: it runs infrastructure, serves the payments that flow across it, and builds products on top. That is the business our team runs every day, and the one I report on every Friday. This is a description of how LQWD operates, not a view on any index decision; those determinations are MSCI's alone. We hold Bitcoin, we run the network that puts it to work, and we build on top of it. WHAT I WORKED ON THIS WEEK Investor outreach took most of my week again. I introduced LQWD to, or followed up with, more than 100 wealth-advisory firms, investment dealers, family offices and digital-asset funds across North America, and sent our investor deck to those who asked for it. I also replied personally to shareholders who wrote back after Update #3. Your questions shape what goes into these updates, so please keep them coming. Alongside investors, I held calls with Lightning infrastructure, payments and Bitcoin financial-services companies about where LQWD's liquidity fits into what they are building. On X, the best conversations were about what a Bitcoin treasury company should do with its Bitcoin, and about the quieter half of agent payments: the receive side. Every AI agent that pays over Lightning needs a seller on the other end with inbound liquidity ready, and that is where our BTC goes to work. I also locked in a new date for our X Live with Utexo (@utexocom): Tuesday, Oct 20. More than 100 investor introductions and follow-ups, and a sharper answer to why working Bitcoin matters. WHAT THE TEAM WORKED ON THIS WEEK The team held its Engineering Strategy and Roadmap Review on Wednesday and its weekly developer meeting on Thursday. Engineering extended our channel-management tooling to every node in the network, so its liquidity suggestions now cover the whole fleet, and kept building the internal monitoring and intelligence console we use to watch our nodes and the wider Lightning market. Work on our AI-agent tooling around lqwd.ai (lqwd.ai) continued too: the tools that let AI agents find our nodes, connect and pay over Lightning. And business development kept moving with Lightning infrastructure and payments companies. Tooling that now covers the whole network, and steady work on what we build on top of it. OUR INVESTOR COMMUNITY THIS WEEK The conversation around LQWD keeps growing. The LQWD channel on CEO.ca (@ceodotca) was especially lively midweek, and last Friday's rundown went up there and on the Stockhouse (@stockhouse) bullboard. This week's versions go up on CEO.ca, Stockhouse, Reddit's (@Reddit) r/LQWDFintech and the Yahoo Finance (@YahooFinance) LQWD.V conversation, each written for the people who read it. The questions were good ones: how our AI Launchpad and agent tools work, how agent payment standards like L402 and x402 fit with Lightning, what stablecoins on Bitcoin could mean for us, and how our core routing business has grown. I answered from public information, with our node dashboard as the reference point. On LinkedIn (@LinkedIn), people reached out directly this week, and I'm working through those messages one by one. More conversation, better questions, and a weekly post wherever our shareholders gather. A SHAREHOLDER QUESTION WORTH REPEATING What is LQWD's Bitcoin actually doing? It came up more than once this week. The short answer: it works. Our BTC sits in Lightning payment channels across our routing nodes as liquidity, and it earns routing fees, paid in sats. Where is new demand coming from? It's still early. The builders I talk to are mostly trying Lightning payments on paid APIs and agent tools. The numbers are small today, but the shape is right: every agent that gets paid needs inbound liquidity ready for it, and that is the layer we run. Our Bitcoin has a job: it works as Lightning liquidity and earns routing fees in sats. THE WEEK AND MONTH AHEAD Plan ₿ Week starts in Lugano on Monday and runs through Oct 28, and I'll be there all week. On Tuesday, Oct 20 at 5:30 PM CEST (11:30 AM ET), @LQWDTech goes live on X with Viktor Ihnatiuk (@VIhnatiuk), co-founder of Utexo, for a video conversation led by Shone on Lightning liquidity and USDT on Bitcoin. Bring your questions. The Plan ₿ Forum follows on Oct 23 and 24, and on Monday, Oct 26 I'm one of the judges at Cypher Tank (@cypher_tank), the Bitcoin startup pitch competition. If you're in Lugano, reply and let's find time to meet. Through the rest of October I'm back on investor calls and meetings in Europe and North America, the team keeps its weekly strategy and engineering rhythm, and this update keeps coming every Friday. The next one is Oct 23, straight from Plan ₿ Week. And a personal note to close. The best part of writing these updates has been hearing from you: shareholders who wrote in with kind words, new readers with sharp questions, and builders who reached out on X. Thank you for your conviction and your trust. I'm proud of this team, of a Lightning network that routes real Bitcoin payments every day, and of a balance sheet of about 267 BTC with no debt. The coming weeks are some of the best on the Bitcoin calendar, and I'm grateful to have you along for them. I hope to see some of you in Lugano, and I'll be back in your inbox next Friday. An X Live with Utexo, Plan ₿ Week, Cypher Tank and an update every Friday. Thank you for being on this journey with us. Bitcoin is the asset. Lightning is how it moves. We hold one, operate the other, and report both in the open. Thank you to our shareholders and the team. As always, replies come straight to me, and I read every one. Matt Whitcomb (@BitcoinWhitcomb) VP Capital Markets, LQWD Technologies Corp. TSXV: LQWD | OTCQX: LQWDF | FRA: 47F lqwdtech.com Not investment advice. Contains forward-looking statements; full disclaimers in the email version.

Our CEO Shone Anstey joined @AllenHODL, @Anchorage and @paystand on the @BitcoinForCorps stablecoin panel. His point: stablecoins still need liquidity to settle on, and that's where BTC working on Lightning comes in. Worth a watch.