Great Estate Blockchain, Inc. (OTC: VAYK), formerly known as Vaycaychella, Inc., reported over $2.0 million in revenue with close to $500,000 in operating profit for the fiscal year of 2025, representing approximately 300% revenue growth over the same period last year. The company's Board of Directors issued a statement addressing significant uncertainties surrounding its blockchain initiative and its home engineering business.
According to the statement, the company had announced a cryptocurrency and blockchain strategy in 2025 to supplement its existing business. However, since the announcement, the blockchain initiative has encountered significant uncertainty driven by factors beyond the company's control, including substantial changes in market conditions. Notably, the price of Bitcoin declined by more than 40% following October 2025. In light of this unanticipated uncertainty, the company has indefinitely suspended implementation of the blockchain initiative.
The company also faces uncertainty with respect to its home engineering business, which was the primary driver of revenue growth in 2025. This line of business was acquired in January 2025 through the issuance of 500,000 Series B preferred shares to the owner in exchange for a 50.1% equity interest. These Series B preferred shares, if converted to common shares, would be valued at $0.005 per common share. The acquisition agreement includes a built-in Valuation Adjustment Mechanism that is triggered if the annual revenue of the acquired business exceeds $1.5 million—a threshold that was surpassed in 2025.
Due to market factors beyond the company's control, the average closing price of its common shares has remained below $0.001 per share over the past month, significantly below the valuation of $0.005 per share at the time of acquisition. As a result, the Valuation Adjustment Mechanism calls for issuance of additional shares to the seller at a price that may not be in the best interests of the company. The company is currently engaged in active discussions with the owner regarding a potential amendment to the acquisition agreement. However, there can be no assurance that such an amendment will be reached. If an amendment cannot be agreed upon, it is anticipated that the acquisition may be reversed, which would result in significant adjustments to the company's financial performance in 2026.
The company remains committed to long-term growth and is actively exploring alternative strategies and opportunities to continue expanding its operations. The full statement from the Board of Directors was included in the company's press release, which is available on PRISM MediaWire.
