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Prenetics Becomes First Healthcare Company to Execute Aggressive Bitcoin Treasury Strategy, Secures $20M in BTC, Appoints Former OKEx COO to Board
Globenewswire· 2025-06-18 12:45
Core Insights - Prenetics Global Limited has become the first healthcare company to establish a Bitcoin treasury, completing a $20 million purchase of 187.42 BTC at an average price of $106,712 per Bitcoin [2][17] - The company aims to significantly increase its Bitcoin holdings and become one of the largest corporate Bitcoin holders in the healthcare sector, inspired by strategies from MicroStrategy and Metaplanet [1][3][8] - Prenetics has appointed Andy Cheung, former COO of OKEx, to its Board of Directors to provide strategic oversight for its Bitcoin treasury initiative [3][5] Financial Strategy - Prenetics has a strengthened balance sheet with over $117 million in total liquidity, including approximately $66 million in cash reserves and a debt-free balance sheet [15] - The Board has approved a majority allocation of its balance sheet to Bitcoin, demonstrating a strong commitment to digital asset adoption [9] - The company is actively discussing partnerships with leading financial institutions to develop a long-term Bitcoin acquisition plan [10] Operational Integration - Prenetics plans to accept cryptocurrency payments across its direct-to-consumer platforms, creating a seamless Bitcoin ecosystem from treasury to operations [11] - The company is implementing sophisticated alpha-generating strategies to maximize returns on its Bitcoin holdings, including yield generation and strategic lending [10] Business Growth - Prenetics has increased its full-year 2025 revenue guidance to $80-100 million, indicating confidence in its core business trajectory [12] - The company has achieved significant growth with over 55,000 customers and a 91% subscription rate across its health brands [14] Leadership and Expertise - The strategic appointment of industry leaders like Andy Cheung and Tracy Hoyos Lopez enhances Prenetics' credibility and operational guidance in the crypto space [5][13] - The company is leveraging the expertise of its advisory team to navigate the complexities of corporate Bitcoin adoption and to architect the future intersection of healthcare and digital assets [7][8]
Eyenovia Announces Appointment of a Strategic Advisor for Digital Asset Treasury Strategy and Amendment of Debt Agreement with Avenue Capital Group
Globenewswire· 2025-06-18 12:32
Core Insights - Eyenovia, Inc. is advancing its digital asset capital strategy by building a strategic treasury of HYPE, the native token of the Hyperliquid protocol [1][7] - Avenue Capital Group has become the largest common stockholder and has amended Eyenovia's senior secured debt to support the HYPE treasury, extending the maturity date to July 1, 2028, and reducing the interest rate from 12% to 8% [2] - Max Fiege has been appointed as Strategic Advisor to enhance the HYPE Treasury strategy, focusing on stakeholder education and ecosystem advocacy [4] Financial Developments - The amendment to the debt includes interest-only payments for the first 18 months, followed by equal principal and interest payments for the next 18 months [2] - The reduced interest rate and extended maturity are expected to provide financial flexibility as the company builds its HYPE treasury [2] Strategic Appointments - Max Fiege, with a background in blockchain and digital assets, will assist in the treasury architecture and risk oversight for Eyenovia [4][5] - His expertise is anticipated to enhance the company's position in the digital finance landscape [5] HYPE Token Overview - HYPE is the native token of the Hyperliquid layer one blockchain, allowing for non-custodial trading and offering utility such as trading fee discounts [6] - As of June 2025, HYPE ranks as the 12th-largest cryptocurrency by market capitalization [6] Company Overview - Eyenovia is a pioneering digital ophthalmic technology company, focusing on both innovative eye treatment solutions and building a treasury of HYPE [7] - The company is also developing the Optejet User Filled Device, targeting multiple billion-dollar markets in ophthalmic treatments [8]
NEW: 🇺🇸 US Senate Passes Landmark Crypto Stablecoin Bill - What Comes Next?
Altcoin Daily· 2025-06-18 00:06
Today is a day I've been working towards for over four months after months of intense negotiations. We are minutes away from passing the Genius Act. Breaking news.The US Senate has officially passed the Genius Act, a landmark piece of crypto legislation that establishes a regulatory framework for stable coins for the first time in history. Senator Bill Hagert's legislation that will be a first step towards modernizing the American payment system and integrating digital assets into the US economy in a respon ...
JPM Files Digital Asset Trademark: Set to Ride on Stablecoin Traction?
ZACKS· 2025-06-17 14:50
Key Takeaways JPM filed a trademark for "JPMD," tied to digital asset trading, transfer, and payment services. JPM's move follows rising stablecoin interest and $1B daily use of its JPM Coin for wholesale payments. JPM is in talks with major banks like BAC on launching a joint stablecoin amid evolving regulations.On June 15, JPMorgan (JPM) filed a trademark application for “JPMD” with the United States Patent and Trademark Office (USPTO), suggesting potential plans related to digital currency. This move i ...
iPower Announces Strategic Shift Toward Crypto Treasury and Blockchain Infrastructure Services
Globenewswire· 2025-06-17 13:00
Bitcoin Treasury Strategy to Anchor New Business FocusRANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational compo ...
AgriFORCE (NASDAQ: AGRI) Ignites Energy-Led Digital Infrastructure Strategy with Launch of First Commissioned Site in Berwyn, Alberta and Execution of Strategic LOI for Alberta Expansion
Globenewswire· 2025-06-17 12:30
Core Insights - AgriFORCE Growing Systems Ltd. has announced significant advancements in its Power & Compute strategy, focusing on Bitcoin treasury accumulation, modular compute infrastructure, and energy-first monetization [1][5] Group 1: Operational Milestones - The Berwyn site is the first operational deployment under the Power & Compute Initiative, currently running with a capacity of over 425 kW, with plans to expand to over 625 kW [2][6] - A binding Letter of Intent (LOI) has been signed with BlueFlare Energy™ to develop an additional 1.3 MW of power and compute capacity at two new sites in Alberta [4][6] Group 2: Strategic Vision - The company aims to convert stranded gas into ESG-compliant digital compute rapidly, with a target of reaching 1 EH/s compute capacity by Q1 2026 [3][5][12] - The operational model includes a blended approach where up to 50% of capital raises are allocated to direct Bitcoin purchases, and up to 50% of mined Bitcoin is retained in the corporate treasury [9] Group 3: Infrastructure and Technology - The infrastructure includes high-efficiency mining pods and a proprietary operating system for telemetry and predictive maintenance, ensuring ESG compliance [7][10] - The company has exclusive access to over 50 MW of natural gas, with plans to expand to over 100 MW by 2026, utilizing mobile, off-grid systems to bypass utility delays [12]
Dominari Securities Serves as Exclusive Placement Agent to SRM Entertainment on a $100 Million Equity Investment
Prnewswire· 2025-06-17 12:30
- SRM Launches TRON Treasury Strategy NEW YORK, June 17, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) today announced that its wholly owned subsidiary, Dominari Securities LLC, served as the exclusive placement agent, successfully leading the placement of a $100 million equity investment for SRM Entertainment, Inc. (Nasdaq: SRM). The transaction, which included the issuance of 100,000 shares of Series B Convertible Preferred Stock and 220 million warrants, represents a total potential investme ...
Biggest Moment in Cryptocurrency History Happening NOW!!! (Cardano, Solana, XRP)
Altcoin Daily· 2025-06-16 22:01
They control trillions of dollars of wealth. They're only just now coming online. I think that's the biggest unlocking potential for the Bitcoin ETFs.And big big crypto news today as Bitcoin's price is reflecting the latest headlines. Starting off the day at about $14,000 at time of recording. Bitcoin is at $18,000 and pushing higher.This is all as one of the largest banks in America. The Bank of America just labeled Bitcoin as one of the biggest disruptors of all time. Smash the like button if you've been ...
陈茂波最新发声!香港金管局将尽快处理稳定币牌照申请
Zheng Quan Shi Bao· 2025-06-16 07:24
The Financial Secretary of Hong Kong, Paul Chan Mo-po, has spoken out on stablecoins! On June 15, Paul Chan Mo-po stated in a blog post titled 'Accelerate Forward, Set Sail for Steady Navigation' that after the Stablecoin Ordinance comes into effect, the Hong Kong Monetary Authority will process the received license applications as soon as possible, so that eligible applicants can carry out their business. He also revealed that Hong Kong will soon issue a second policy declaration on the development of digi ...
Crypto Legislation ‘GENIUS Act’ Nears Passage
Bloomberg Technology· 2025-06-13 18:18
This report that potentially we see Amazon were already really galvanizing themselves to have their own stablecoins. How quickly could that up end Visa and MasterCard. Well, look, I think if you're a major technology company or you're a major commerce firm or you're a major financial institution, when you get legal certainty that stablecoin money is a new form of electronic money that is available to the global financial system, you're going to you're going to pay attention. And obviously you're going to lo ...