Vaultz Capital

Business model (including cryptocurrency-related) Core business: Provides IT consulting, software development, digital marketing, and other services, with clients covering industries such as finance, healthcare, and retail, deeply involved in client projects using the "embedded team" model. The technical layout includes artificial intelligence, cloud computing, blockchain, etc. In 2023, it acquired the blockchain service company Atix Labs to expand its Web3 solution development capabilities. Cryptocurrency-related business: Technical Exploration: Testing blockchain payments, smart contract development, and other scenarios through our own Bitcoin reserves (15 BTC), providing prototype design support for clients. Policy Adaptation: Responding to the Argentine government's promotion of cryptocurrency legalization policies, exploring the application of compliance technology.

Profit model (including cryptocurrency-related) Core profit source: Charge service fees to clients in the form of project-based or long-term contracts, with the revenue structure including fixed-price contracts and flexible service models, achieving revenue of 2.42 billion dollars in 2024. Cryptocurrency-related profits: No direct income: Holding Bitcoin is not used for trading or payment, only as a technical verification tool, and does not generate interest or investment returns. Potential value: Indirectly enhance the premium capability of client projects through blockchain technology services, such as developing a cryptocurrency asset custody system for financial institutions.

The role and significance of the profit model Stability: Traditional IT service revenue accounts for over 99%, ensuring stable cash flow, with a net profit of 166 million USD in 2024. Technical moat: The layout of blockchain technology helps clients meet the demands of Web3 transformation, such as developing NFT marketing platforms for retail enterprises to enhance customer loyalty. Policy Dividend: After the legalization of cryptocurrency in Argentina, Globant can undertake compliance technology projects for the government and enterprises, such as the development of blockchain government affairs systems.

Influential cryptocurrencies and their mechanisms The only influencing currency: Bitcoin ( BTC ). Impact Mechanism: Market signal: As a leading technology company in Argentina, its Bitcoin holding behavior is seen as a barometer for the industry and may encourage local companies to follow suit. Technical verification: By testing the feasibility of blockchain technology through Bitcoin, indirectly promoting the establishment of industry standards, such as participating in the development of the Cardano ecosystem.