Correction: Ace Digital AS (Euronext Growth Oslo: ACED)

04 Mar 2026 07:12 CET

Ace Digital - Doubles Down on Ace Fund Following Demonstrated Downside
Resilience and Validated Bitcoin Treasury Execution

PRESS RELEASE
4 March 2026 07:00 CET
Oslo, Norway

Ace Digital AS (Euronext Growth Oslo: ACED) announces an additional NOK 5
million allocation to Ace Fund, reinforcing the Company's Bitcoin treasury
platform following strong relative performance in a severe Bitcoin market
drawdown -- including exposure to preferred instruments from Strategy Inc.
(MSTR). Ace Digital is structurally Bitcoin-bullish and seeks to generate
shareholder returns exceeding Bitcoin over full market cycles through
disciplined, active capital allocation.

Ace Digital maintains a robust liquidity position and has no current need for
external capital. The Company's primary focus remains the disciplined creation
of long-term shareholder value, with particular emphasis on enhancing returns
for existing owners through prudent capital allocation and Bitcoin treasury
strategies. We preserve strategic flexibility for truly compelling
opportunities that would demonstrably benefit current shareholders.

Ace Fund Demonstrated Downside Resilience
Since inception in November 2025 through February 2026:

* Bitcoin has declined 38.8% (USD)
* Ace Fund has delivered a positive return of 7.4% (USD)
* Maximum drawdown has been limited to 0.6%

The approximately 46 percentage point relative performance differential during
a period of significant Bitcoin market stress represents a strong validation
of the fund's capital preservation mandate and active treasury execution.

While the operating history remains limited, the results demonstrate the
platform's ability to preserve capital and compound value during adverse
market conditions.

How Returns Have Been Generated
Ace Fund combines:

* Core long exposure to Bitcoin-related companies
* Systematic harvesting of dividends and corporate cash flows
* Retention of principal positions
* Reinvestment of realized income into Bitcoin alpha opportunities
* Tactical risk management during market dislocations

Rather than relying solely on Bitcoin price appreciation, the strategy seeks
to convert volatility and cash-flow characteristics within the Bitcoin equity
ecosystem into incremental Bitcoin exposure over time.

Ace Fund is structured as a lower-volatility mandate within Ace Digital's
broader Bitcoin platform.

Allocation Across the Bitcoin Capital Structure
As part of its capital allocation framework, Ace Fund holds exposure to debt
instruments issued by Strategy (Nasdaq: MSTR), the world's first and largest
Bitcoin treasury company. Through such instruments, Ace Digital participates
in the capital structure of a globally significant Bitcoin treasury platform
while earning contractual yield characteristics. This reflects the Company's
strategy of allocating capital across the Bitcoin capital structure --- not
solely through equity exposure.

Platform Development and Structure
Ace Fund is currently capitalized solely by Ace Digital and is closed to
external investors. The Company intends to evaluate additional Bitcoin-themed
mandates over time, including both lower- and higher-volatility strategies,
while maintaining strict shareholder alignment and capital discipline.

Ace Digital awaits final regulatory clarifications relating to announced
AIF/AIFM framework developments before determining long-term organizational
structure, domicile considerations, or potential distribution scope.

Long-Term Thesis
Ace Digital maintains a high-conviction long-term view on Bitcoin as a
structurally disruptive financial and monetary technology. While direct
Bitcoin exposure can generate significant long-term upside, volatility can
constrain capital allocation. Ace Digital's treasury platform is designed to
participate in Bitcoin's structural growth while actively managing risk and
capital efficiency.

The Company's ambition is to build the leading Nordic Bitcoin treasury
platform and to compound shareholder value over time through disciplined
execution across market cycles.

Risk Disclosure
Bitcoin and Bitcoin-related investments involve significant volatility,
regulatory risk, liquidity risk, and operational risk. Past performance is not
indicative of future results. There can be no assurance that the Company will
achieve returns exceeding Bitcoin over time.

"We are doubling down on what seems to work: Ace Fund has proven itself as a
powerful implied Bitcoin yield engine, delivering significantly superior
risk-adjusted returns compared to holding Bitcoin outright in the current
drawdown. Drawing lessons from Strategy Inc. (MSTR), whose innovative
high-yielding preferred instruments (STRC and STRD) serve as efficient yield
machines for Ace Fund, we actively scan for other quality Bitcoin-related
companies to diversify our portfolio.

Ace Fund is built as our low-volatility, unlevered layer for conservative
exposure. In contrast, Ace Digital's core Bitcoin treasury strategy is
designed for full upside capture -- we've achieved outperformance versus
Bitcoin since listing through asymmetric convexity in our derivatives
approach, and while we are currently patient, awaiting clearer market signals
to go full throttle again, the goal is never to nail the bottom but to ride
the upside hard when our model says 'now!'. With this capital injection and
focus on principal protection and alpha, we aim to establish Ace Digital as a
cornerstone of the Nordic Bitcoin ecosystem and Ace Fund will be a part of
it." said Alexander Hagen, CEO of Ace Digital AS.

Contact
Alexander Hagen, CEO Ace Digital AS
E-mail: ah@acedigital.no

About Ace Digital
Ace Digital AS is a Norwegian holding company dedicated to creating value in
the Bitcoin ecosystem through strategic investments and active ownership in
subsidiaries. Our vision is to be the Nordic region's leading platform for
Bitcoin investments, with Bitcoin as a cornerstone of our balance sheet. The
company is listed on Euronext Growth Oslo under the ticker ACED.
www.acedigital.no (http://www.acedigital.no/)

Cautionary Statement Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of
applicable securities laws. These include expectations regarding the offer's
benefits, timing of completion, and ability to integrate the companies. Such
statements are subject to risks, including delays in approvals, integration
challenges, findings in the due diligence process, and market changes.
Investors are urged to read the forthcoming information memorandum/prospectus
for details.

No Offer or Solicitation
This communication does not constitute an offer to sell or a solicitation to
buy securities, nor will there be any sale of securities in jurisdictions
where such offer or sale is unlawful without registration or qualification
under applicable securities laws.

More information:
Access the news on Oslo Bors NewsWeb site

667446_Ace Fund February Update.pdf
667446_Pressemelding Ace Digital 4 Mars 2026 Ace Digital Dubbles Down On Ace Fund.pdf