Strategic Acquisitions, Inc. (Nevada)

Company at a glance

• Business: Private lending company that provides digital asset–backed loans to businesses and individuals.
• Core asset: Bitcoin (to date, the only collateral accepted).
• Primary markets: Outside the United States, primarily Asia and Europe.
• Corporate events: Merged on December 22, 2022 with Exworth Union Inc., Exworth Management LLC, and World Class Global Technology PTE LTD; treated as a reverse recapitalization with Exworth Union as the accounting acquirer.

What the company does

• Provides term loans denominated in U.S. dollars, collateralized by digital assets.
• Loan size: $500,000 to $5,000,000.
• Term: 3 to 36 months.
• Repayment structure: periodic principal-and-interest payments or interest-only with a final principal payment.
• Collateral mechanics: designates digital assets (currently only Bitcoin) as collateral; loans may be liquidated if collateral value breaches margin thresholds; the company may repledge collateral under certain facilities.
• Origination and servicing: intends to operate a platform to originate and service loans backed by various assets; as of 2025, software development had not begun due to lack of funding.
• Counterparties and funding: Exworth Union is a lender and financing partner; the company may borrow U.S. dollar capital and repledge collateral under capital facilities with financial partners.
• Custody: used Aegis Trust Company to hold collateral until July 2024; custody services were ceased thereafter to reduce costs.

Operational status and history

• Since the merger, the company generated revenue from interest income and fees related to loan receivables.
• In 2023, the company initiated loan administration services and later ceased providing those services.
• As of December 31, 2024 and December 31, 2025, there were zero outstanding loans; all prior loan receivables were settled by borrowers, with the last repayment occurring in July 2024.
• Lending operations have been temporarily ceased since July 2024.

Customers and employees

• Target customers: small businesses and individuals that hold digital currencies and seek liquidity. In practice, lending activity has been very limited.
• Employees: historically described as having no employees; as of April 3, 2026, the company engaged two consultants serving as executive managers for administrative work.

Revenue, profitability and auditor observations

• Historical revenue drivers: interest income and loan origination and related fees.
• Management reports that commercial operations have not generated sufficient revenue to achieve profitability or positive cash flow.
• The auditor’s report includes a going-concern disclosure and notes the need to raise additional funds.

Financial condition and ownership

• Cash flow: management reports negative cash flow from operations.
• Financing needs: the company may need to secure additional financing in the future.
• Ownership concentration: a principal stockholder owns an approximate 86% majority of common stock (assuming no option exercise), enabling substantial control over major decisions.

Infrastructure and location

• Principal office: 2464 Darts Cove Way, Mount Pleasant, Charleston, SC 29466.
• Office status: space provided by the director at no charge; the company has no material assets or ongoing physical operations at this location.

Intellectual property, cybersecurity and compliance

• Intellectual property: limited formal protection; relies on trade secrets, contractual restrictions and standard protections.
• Cybersecurity: basic controls implemented (least-privilege access, two-step verification); the company recognizes ongoing risk from cyber threats and data breaches.
• Regulatory exposure: subject to evolving regulation across multiple jurisdictions, with ongoing compliance costs and potential licensing requirements.

Bottom line

Strategic Acquisitions positions itself as a private lender offering U.S. dollar loans backed by digital assets, with Bitcoin as the accepted collateral to date. Lending activity has been limited since the merger, and operations have been largely on hold after prior loans were repaid in mid-2024. The company plans to develop a proprietary origination and servicing platform but has not funded that effort. The business faces regulatory, market and funding challenges, along with a concentrated ownership structure that gives a principal stockholder substantial control.