Great Estate Blockchain, Inc. (OTC: VAYK), formerly known as Vaycaychella, Inc., reported revenue exceeding $2.0 million with approximately $500,000 in operating profit for the fiscal year 2025, representing roughly 300% revenue growth over the prior year. The company attributed the growth primarily to its home engineering business, acquired in January 2025.
However, the Board of Directors issued a statement addressing significant uncertainties. The company has indefinitely suspended its blockchain and cryptocurrency strategy, citing a more than 40% decline in Bitcoin price since October 2025 and unfavorable market conditions. This initiative was announced via a series of news releases last year but has encountered factors beyond the company's control.
Additionally, the home engineering business, which drove revenue growth, faces uncertainty. The acquisition involved issuing 500,000 Series B preferred shares to the seller in exchange for a 50.1% equity interest, valued at $0.005 per common share upon conversion. However, the average closing price of VAYK common shares has remained below $0.001 per share recently, significantly below the acquisition valuation. A built-in Valuation Adjustment Mechanism, triggered because the acquired business exceeded $1.5 million in annual revenue, could require issuing additional shares to the seller at potentially unfavorable terms.
The company is in active discussions with the seller to amend the acquisition agreement. If no amendment is reached, the acquisition may be reversed, resulting in significant adjustments to 2026 financial performance. The Board remains committed to long-term growth and is exploring alternative strategies. The full statement can be found at PRISM MediaWire.
