GBT Technologies is a Nevada-incorporated shell company with one full-time employee and no meaningful operating revenue. Rather than running an operating business, GBT holds minority equity stakes in early-stage technology ventures. Its primary asset is a combined ~20% stake in VisionWave Holdings (Nasdaq: VWAV), a publicly traded company that holds IP related to an RF-based computer vision system designed to construct 2D/3D images using radio waves, targeting defense and security applications. GBT holds its VWAV shares both directly and through GBT Tokenize Corp., its 50% subsidiary. In January 2026, GBT Tokenize contributed the VWAV shares and GBT's broader IP portfolio into a newly formed joint venture — the VWAV BOCA JV — intended to pursue electronic design automation, defense, and high-security technology projects, though the JV had generated no revenue at formation. GBT's other stated technology focus areas include wireless mesh networking under the "GopherInsight" brand and IoT and AI-enabled tracking, though neither has produced material revenue. GBT also holds a residual stake in MetAlert, a wearable technology company, which had a fair value of roughly $8 as of year-end 2025. GBT's financial position is primarily driven by the mark-to-market value of its VWAV shares rather than any operating cash flow, and the company's CEO is partially compensated in shares, reflecting its cash-constrained position.