Theo Druker @theodruker: "+25% GROWTH IN JANUARY Dear Copiers,..."

France

+25% GROWTH IN JANUARY Dear Copiers, Followers, and Future Partners, January started the year with strong momentum across global markets. US equities opened 2026 near record highs, supported by resilient consumer demand, continued AI investment, and fiscal tailwinds. Mega cap technology and consumer leaders continued to drive index performance, while crypto markets remained structurally supported after the institutional adoption wave of 2025. This macro backdrop continues to reward portfolios exposed to US equities, defense, and digital assets, with disciplined long-term positioning. ⸻ Portfolio Overview Current Core Positions: GLXY, SPY, ITA, AMZN, BTC, QQQ January was a continuation of our high-conviction positioning across US equities, defense, and digital assets. We increased exposure to Galaxy Digital during the recent pullback, reinforcing our thesis on the digital finance and AI infrastructure cycle. ⸻ Galaxy Digital: Core Conviction in Digital Finance and AI Infrastructure Galaxy Digital remains a major pillar of the portfolio and is currently one of our largest allocations. We significantly increased exposure during the recent dip, lowering our average entry price and strengthening long-term upside potential. A key recent development: In late 2025, Galaxy’s board formally approved a major expansion of its Helios data center campus, committing large-scale capital expenditure to AI and high-performance computing infrastructure. This is a strategic milestone for the company, marking a transition from a pure digital asset services platform toward a full-scale digital and AI infrastructure provider with tangible assets and long-duration revenue potential. This move positions Galaxy directly in the global AI infrastructure buildout cycle, alongside hyperscalers and next-generation data center operators, and materially changes the company’s long-term business mix and valuation profile. Galaxy now sits at the intersection of three structural trends: • Institutional crypto adoption • Tokenization and digital capital markets • AI-driven data center infrastructure demand We intentionally bought the dip, treating volatility as an opportunity rather than a risk. Digital asset equities are inherently volatile, but that volatility creates asymmetric upside when adoption cycles accelerate. Galaxy is positioned as a leveraged play on crypto and AI infrastructure, not just token prices, which is why we remain comfortable with its current weighting while maintaining diversification across equities and ETFs. As with any high-growth thematic exposure, Galaxy carries elevated volatility, and position sizing is managed carefully within a diversified long-term portfolio. The current weighting reflects a high-conviction allocation to the digital infrastructure cycle, balanced by core exposure to broad market and defense assets to maintain portfolio resilience. ⸻ Bitcoin Exposure We also added Bitcoin as a direct exposure to the crypto asset class. BTC continues to function as a digital store of value and a macro hedge, with institutional demand shaping its market structure. This complements Galaxy exposure by balancing infrastructure equity risk with direct asset exposure. ⸻ Amazon and US Equities Amazon remains a core US growth compounder in the portfolio, with leadership across e-commerce, cloud, and AI infrastructure. Alongside SPY and QQQ, Amazon provides exposure to the US tech and consumer ecosystem, while ITA continues to offer structural defense exposure amid ongoing global military replenishment cycles. ⸻ Why This Portfolio Still Makes Sense We are intentionally positioned across three structural megatrends: • US equities and consumer driven growth • Defense and geopolitical security spending • Digital assets and AI infrastructure This creates a portfolio that balances growth, macro resilience, and asymmetric upside, while avoiding leverage and short selling. ⸻ Important Note for Copiers As the portfolio grows, copying with sufficient capital helps maintain synchronization with position sizes and risk management. Adding funds when copying ensures that allocations stay aligned and that trades execute proportionally. ⸻ Why Copy This Portfolio • Long-term conviction driven strategy • Exposure to US megatrends and digital finance • No leverage, no shorts, controlled risk profile • Active management and transparent monthly updates ⸻ Bottom Line We remain focused on multi-year compounding, not short-term noise. Markets will fluctuate, volatility will appear, and narratives will shift, but structural themes drive wealth creation. We will continue to buy high-conviction assets during dislocations and hold through cycles. Copy responsibly and stay aligned with the long-term vision. Théo $SPY (State Street SPDR S&P 500 ETF) $QQQ (Invesco QQQ) $AMZN (Amazon.com Inc) $ITA (iShares US Aerospace & Defense ETF) $GLXY (Galaxy Digital) $BTC

Not investment advice. The author may have financial interests in the mentioned instruments.