Company Approved to Transfer to Higher Nasdaq Market Tier Following Continued Growth and Recent Index InclusionsNew York, NY, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a blockchain-powered fintech group, today announced that it has received approval from Nasdaq to transfer its listing from the Nasdaq Capital Market to the Nasdaq Global Market — a move that reflects the Company's continued development and its complianc ...

Sonic Labs has appointed Mitchell Demeter as its new Chief Executive Officer, marking an important moment for the blockchain company. The move comes as the network’s native token, S, rallied nearly 5% in the past 24 hours, which defies the broader altcoin market slump. Leadership Shift to Drive Global Growth Demeter, best known for launching the world’s first Bitcoin ATM and co-founding one of Canada’s earliest digital exchanges, brings extensive experience bridging blockchain innovation with institutio ...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- SOL Strategies Inc. (CSE:HODL) (“SOL Strategies” or the “Company”), is pleased to announce that it has agreed to increase the size of its previously announced private placement of up to C$25,000,000 of units of the Company (the “Units”) pursuant to the listed issuer financing exemption ...

Core Points - SOL Strategies Inc. has launched a private placement offering up to C$25,000,000 of units under the LIFE Exemption [1][9] - Each unit consists of one common share and one warrant, with the warrant exercisable at C$8.90, a 30% premium to the unit price of C$6.85 [2][9] - The offering will be conducted by Canaccord Genuity Corp. as the lead agent, with a cash commission of 6.0% on gross proceeds [3][9] - Proceeds from the offering will be used for general corporate purposes and investments aligned with the company's investment principles [4] Offering Details - Offering Size: Up to C$25,000,000 [9] - Unit Pricing: C$6.85 [9] - Warrant Exercise Price: C$8.90, valid for 36 months [9] - Jurisdictions: Available in all Canadian provinces except Quebec and other offshore jurisdictions [9] - Closing Date: Expected around October 1, 2025, subject to necessary approvals [9] Company Overview - SOL Strategies Inc. operates within the blockchain innovation sector, focusing on the Solana ecosystem [10]

Core Insights - SOL Strategies Inc. announced the resignation of Leah Wald as CEO and Director, effective October 1, 2025, with Michael Hubbard appointed as Interim CEO [1][3] - The company has undergone significant transformation, including a NASDAQ cross-listing and the development of a Solana treasury model [4][5] Leadership Transition - Leah Wald has completed her role in leading the company through a critical phase, and Michael Hubbard, with extensive experience in the Solana ecosystem, will take over as Interim CEO [1][2][3] - Hubbard founded a Solana validator, Laine, which peaked at over 5.5 million SOL delegated before its acquisition by SOL Strategies [2] Company Evolution - The transition marks a pivotal year for SOL Strategies, evolving into a sophisticated infrastructure provider focused on the Solana blockchain ecosystem [4][5] - The company aims to create shareholder value and provide institutional staking services while pursuing its treasury goals as part of the DAT++ model [5]

Blockchain Innovation & Regulation - Chainlink Co-Founder discussed blockchain innovation with U S SEC Chairman and White House policymakers [1] - The discussion focused on how the U S can maintain its leading position in blockchain innovation [1] Tokenized Assets & Market Infrastructure - Growing the U S share of tokenized assets through onchain data, cross-chain interoperability, and compliant market infrastructure is a key focus [1] - Data oracles can be used to generate unified golden records for greater market transparency [1] Onchain Compliance & Efficiency - Updating transfer agency rules to enable onchain public equities and digital-native transfer agents is being considered [2] - Automating onchain compliance can reduce fraud and enable more efficient tokenized markets [2]

Core Points - SOL Strategies Inc. has received approval to list its common shares on the Nasdaq Global Select Market, enhancing its visibility and liquidity [1][3][5] - The company's shares will begin trading on Nasdaq under the symbol "STKE" on September 9, 2025, while continuing to trade on the Canadian Securities Exchange under "HODL" [2][4] - The Nasdaq listing is expected to attract institutional investors and accelerate the company's validator growth and operational scalability within the Solana ecosystem [5][6] Company Overview - SOL Strategies Inc. is a Canadian company focused on investing in and providing infrastructure for the Solana blockchain ecosystem, specializing in strategic investments and infrastructure solutions for decentralized applications [6]

Core Insights - BNB Network Company (BNC) has achieved a significant milestone by increasing its total BNB holdings to 325,000 tokens, up from an initial purchase of 200,000 tokens, making it the largest BNB treasury globally [1][2][3] Company Strategy - The expansion of BNC's BNB holdings reflects its strong belief in the long-term growth and adoption of the BNB ecosystem, enhancing its balance sheet and commitment to supporting the BNB Chain [2][3] - BNC's CEO, David Namdar, emphasized that reaching 325,000 BNB is a testament to the company's vision for the future and the importance of BNB in the crypto economy [3] Market Positioning - As the largest dedicated BNB treasury, BNC offers unique exposure to a resilient and widely adopted blockchain ecosystem, attracting interest from institutional partners and investors globally [3] - The company aims to build a trusted and strategically positioned digital asset treasury, with plans for further scaling its holdings and introducing innovative structures to create lasting value for shareholders [4] Company Overview - BNC is a publicly traded entity focused on managing the world's largest corporate treasury of Binance Coin (BNB), providing institutional-grade exposure to BNB for investors [5]

Core Viewpoint - SOL Strategies Inc. is moving forward with a stock consolidation to meet NASDAQ listing requirements, which is expected to enhance its visibility in U.S. capital markets and attract institutional investors interested in the Solana blockchain ecosystem [1][3]. Group 1: Stock Consolidation Details - The Board of SOL Strategies has approved a consolidation of its common shares on a basis of one new share for every eight existing shares [1]. - The consolidation was previously approved by shareholders at the Annual General Meeting on June 19, 2025, and is subject to approval from the Canadian Securities Exchange [1]. - The anticipated effective date for the consolidation is around August 5, 2025 [1]. Group 2: Impact on Shareholders - Shareholders' percentage ownership and voting power will remain unchanged post-consolidation, with minor adjustments for fractional shares [1]. - No fractional shares will be issued; instead, they will be rounded down to the nearest whole share, with cash provided for any fractional amounts [2]. Group 3: Company Strategy and Future Plans - The CEO of SOL Strategies emphasized the commitment to meeting NASDAQ's listing standards and the potential for expanding access to institutional investors [3]. - The company aims to enhance its visibility in U.S. capital markets and continue building the institutional backbone of the Solana ecosystem [3]. - The company's name and stock symbol will remain unchanged after the consolidation [2]. Group 4: Company Overview - SOL Strategies Inc. is a Canadian investment company focused on the Solana blockchain ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [4].

Market Opportunity - The U S financial system can gain global market share by enabling tokenization [1] - The U S is positioned to lead in the onchain financial system if it embraces blockchain innovation early [1] Strategic Recommendation - Government Affairs team explores how the U S financial system can gain global market share by enabling tokenization [1]