Company: MLAC
Filing Date: 2025-12-30
Form Type: 425
Source: 0001213900-25-126602
Chunk: 12

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-12-30
Form: 425
Chunk 12
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that was like a very formulative experience for me. So like you have to, you know, we’re thinking about these, this vehicle as a
long-term vehicle, but like it’s the idea here is not to try to take incremental risk that is unwarranted. The idea is to take a
long-term approach that is prudent, that provides kind of the best exposure you can for your shareholders. And so as we’re thinking
about this strategy going forward, you always in the back of your mind have to keep thinking like, well, like if you have this massive,
people are coming into the space because they think they have a one, two, three, five X. You know, I don’t have any forecasts of
where the market capitalization is going to go, but it’s like, it’s, you know, if you’re buying this is because you
think that there’s an opportunity for you to meaningfully higher, like that, there’s no free lunch, right? Like that, that’s
going to come with periods of doubt and periods of fear. And that’s when you’re going to have, you know, market sell-offs.
And the best thing that you can do is to position yourself to benefit from those moments and not to be the person who’s being harmed
by those moments. So, you know, I think that that will be a key component of how we think about it. And then, yeah, like you said, there’s
all of these digital asset treasuries out there. They’re going to have to distinguish themselves, right? They’re going to
have to capture mind share from people, and they’re going to have to be able to communicate an effective strategy and then deliver
on that. So the capital markets, if nothing, are very efficient. And so over time, I think you will see kind of winners and losers that
kind of show up over time. And I think that we’re excited about our ability to navigate that.

Tony Edward: Yeah, for sure. And I’m just curious to see
how things play out. And I believe in the digital asset treasuries, of course. And I think it’s a great approach, great hybrid approach
of crypto in the TradFi world and allowing folks to get exposure. But I guess as with all things in the free market, you’re going
to have companies that are well run and some that are poorly run. And the chips are going to fall when