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Spirit Blockchain Capital Files Q3 2025 Financial Statements and Announces CFO Transition
Globenewswire· 2025-11-29 00:30
Core Points - Spirit Blockchain Capital Inc. has filed its interim financial statements for the three and nine months ended September 30, 2025, in compliance with Canadian Securities Exchange requirements [1] - Lewis Bateman has been appointed as Interim Chief Financial Officer following the departure of Inder Saini [2] - Spirit Blockchain Capital focuses on developing blockchain-based financial infrastructure, including tokenization platforms and digital-asset services, aiming to generate recurring revenue [3]
Spirit Blockchain Capital Reports H1 & Q2 2025 Results, Completes SpiritLinQ, & Advances Institutional Blockchain Strategy
Globenewswire· 2025-08-30 00:54
Core Insights - Spirit Blockchain Capital Inc. reports key milestones and unaudited financial results for Q2 2025, highlighting the launch of Exchange Traded Products (ETPs) and the operational readiness of SpiritLinQ and SpiritReserve Group [1][3] Financial Performance - For Q2 2025, the company recorded a net loss of $1.23 million, compared to a net loss of $0.53 million in Q2 2024. The total net loss for the six months ended June 30, 2025, was $2.36 million, up from $0.97 million in the same period of 2024 [5] - As of June 30, 2025, the company had total assets of $1.0 million and a working capital deficit of $276,614, an improvement from a deficit of $1.38 million as of December 31, 2024 [5] Strategic Developments - The company has completed the development of SpiritLinQ, a proprietary digital asset tokenization and wealth platform, with pilot onboarding scheduled for Q3 2025 and full commercial launch expected in Q4 2025 [5] - Spirit Digital AG launched the Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP on the SIX Swiss Exchange and Deutsche Börse in March 2025, with ongoing efforts to expand the ETP pipeline [5] - The establishment of SpiritReserve Group focuses on active treasury operations deploying multi-token assets into yield-generating strategies, marking a shift from passive asset holding to operational yield management [5] Market Positioning - The company upgraded to the OTCQB Venture Market, enhancing access to U.S. investors, with common shares trading under the ticker "SBLCF" since April 22, 2025 [5] - The strategic shift towards integrated infrastructure includes regulated ETP products, automated yield generation via SpiritReserve, and institutional-grade tokenization via SpiritLinQ, positioning the company for recurring and scalable income streams [5]
Spirit Blockchain Capital Reports Q1 2025 Operational and Financial Highlights
GlobeNewswire News Room· 2025-05-29 22:00
Core Insights - Spirit Blockchain Capital Inc. reported key milestones and unaudited financial results for Q1 2025, highlighting progress in financing, product launches, and operational capabilities [1][3] Financial Performance - The company completed a CAD $2.11 million Listed Issuer Financing Exemption Offering in February 2025 to strengthen its balance sheet [6] - Cash and cash equivalents at the end of the quarter were CAD $1,118,585, an increase from CAD $929,194 at year-end 2024, with a working capital surplus of CAD $729,781 [6] - The entire EOS-tranche of convertible debentures amounting to CAD $1,105,024 was converted into equity, eliminating related interest and derivative liabilities [6] Product Development - On March 27, 2025, Spirit Digital AG launched the Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP on SIX Swiss Exchange and Deutsche Börse, providing regulated, exchange-listed vehicles for ETH and SOL staking strategies [6] Market Positioning - The company upgraded to the OTCQB® Venture Market under the ticker "SBLCF" on April 22, 2025, enhancing access for U.S. investors [6] - Inder Saini was appointed as CFO to strengthen financial controls, and a strategic partnership was formed with Astralane to develop a Staked SOL Index [6] Company Overview - Spirit Blockchain Capital Inc. focuses on blockchain infrastructure and digital asset yield opportunities through three verticals: infrastructure yield, blockchain investments, and regulated exchange-listed products [3]
Spirit Blockchain Capital Inc. Files 2024 Audited Financial Statements and Provides Corporate Update
Globenewswire· 2025-05-01 03:17
Core Insights - Spirit Blockchain Capital Inc. has filed its audited financial statements and management's discussion and analysis for the fiscal year ended December 31, 2024, indicating a commitment to transparency and regulatory compliance [1][3] - The audited financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) and highlight material uncertainties regarding the company's ability to continue as a going concern [2] Corporate Update - The company is focusing on strengthening its operational platform and prioritizing revenue-generating initiatives as it moves into the next phase of corporate development [4] - Management is actively evaluating opportunities to leverage existing investments and blockchain expertise to support long-term growth [4] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company that focuses on the blockchain technology sector, with a diversified portfolio that includes investments in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies [5] - The company's goal is to create shareholder value through strategic investments in the rapidly expanding digital asset landscape [5]
Spirit Blockchain Capital Inc. Achieves Significant Milestone with Upgrade to OTCQB Trading Platform
Globenewswire· 2025-04-22 13:00
Core Insights - Spirit Blockchain Capital Inc. has successfully upgraded to the OTCQB Venture Market, effective April 22, 2025, enhancing its visibility and accessibility to U.S. investors [1][2][3] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company focused on the blockchain technology sector, with a diversified portfolio that includes investments in blockchain infrastructure, cryptocurrencies, mining operations, and emerging blockchain technologies [5] Upgrade Significance - The upgrade to OTCQB is a significant milestone for the company, representing a commitment to enhancing shareholder value and providing greater visibility within the U.S. investment community [2][3] - The OTCQB is recognized by the U.S. Securities and Exchange Commission as a public market that offers public information for analysis and value of securities [3] Benefits of OTCQB Upgrade - Enhanced visibility and accessibility to the U.S. investment community [7] - Improved liquidity potential and a broader shareholder base [7] - Greater transparency through higher reporting standards [7] - Increased credibility with the financial community [7]