According to @QCompounding, Kingsway Financial Services (NYSE: KFS) uses a Search Fund model that first identifies a talented entrepreneur and then acquires a business for them to operate, positioning KFS as an operator-first acquirer, source: @QCompounding (Jan 14, 2026). According to @QCompounding, this approach addresses the primary bottleneck faced by serial acquirers—securing excellent operators—framing operator quality as the core edge in KFS’s M&A strategy, source: @QCompounding (Jan 14, 2026). According to @QCompounding, the disclosure does not mention any cryptocurrency exposure or crypto market impact, source: @QCompounding (Jan 14, 2026).