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Core Insights - AlphaTON Capital has appointed William De'Ath as Chief Partnership Officer to enhance global partnerships and ecosystem expansion, particularly focusing on the TON Mastercard program [1][3][6] Company Overview - AlphaTON Capital is a digital asset treasury company that develops the Telegram ecosystem and manages a strategic reserve of TON tokens, providing institutional-grade exposure to the TON ecosystem and Telegram's billion-user platform [7][8] - The company implements a comprehensive M&A and treasury strategy, combining direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders [7] Leadership and Strategy - William De'Ath brings over three decades of experience in commercial strategy, blockchain, and AI ventures, which will be crucial for AlphaTON's growth and leadership in the ecosystem [3][4] - De'Ath's role includes overseeing the TON Mastercard business, expanding global adoption, and building long-term relationships with institutional stakeholders [10] Financial Impact - De'Ath has a proven track record, having delivered $28 million in annual recurring revenue (ARR) at PETRONAS through global partnerships and contracts with Fortune 500 companies [5] Future Growth Initiatives - The company aims to scale the TON Mastercard program and accelerate its global M&A strategy, leveraging De'Ath's leadership and network [6][10] - AlphaTON is focused on real-world adoption of cryptocurrency, aiming to integrate crypto into everyday life through the TON Mastercard initiative [6][10]

Legal Disclaimer - The document explicitly states that it does not constitute investment advice or a recommendation to purchase a specific digital asset [1]

Core Insights - Billionaire Michael Saylor's company, Strategy, has acquired an additional 487 BTC, bringing its total holdings to 641,692 BTC, valued at over $65 billion [1][6] - The recent purchases were made between November 3 and November 9, totaling $49.9 million at an average price of $102,557 per Bitcoin [1][6] - Strategy remains the largest corporate holder of Bitcoin globally, continuing a multi-year accumulation strategy [2][6] Funding and Financial Strategy - The latest Bitcoin acquisition was financed through proceeds from the sale of several classes of perpetual preferred stock under Strategy's at-the-market (ATM) program [2] - Between November 3 and November 9, the firm generated approximately $50 million in net proceeds from four preferred stock offerings, without issuing new common stock [3] - The company has over $15.8 billion in Class A common stock available for future issuance, indicating potential for further Bitcoin purchases [7] Market Position and Long-term Strategy - Strategy's incremental acquisition approach reflects a disciplined stance focused on long-term value amidst market volatility [4] - Saylor views Bitcoin as a means for institutions to preserve capital in an inflationary environment, demonstrating a commitment to a Bitcoin-centric treasury model [5] - The company's strategy positions it as a structural pillar in the evolving digital asset economy, reinforcing Saylor's vision for long-term appreciation of Bitcoin [7]

As filed with the U.S. Securities and Exchange Commission on November 7, 2025 Registration No. 333-290409 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 82-3998490 (I.R.S. Employer Identificati ...

Financial Performance - Trump Media (DJT) total assets amounted to $3.1 billion [1] - Trump Media (DJT) operating cash flow reached $10.1 million [1] - Trump Media (DJT) generated $61.1 million in revenue [1] - Trump Media (DJT) posted a net loss of $54.8 million [1] Key Factors - Net loss primarily due to digital asset valuation changes [1] - Net loss also due to legal costs [1]

Core Insights - Waton Financial Limited has delivered a tokenized AI agent named "DeMarc" to MOG Digitech Holdings Limited, marking its first commercial implementation under the "InfoMan" initiative [1][2] - The AI agent is designed to enhance investor relations through secure data management and intelligent automation, aligning with Waton's broader AI Enterprise Optimization strategy [2][4] - The integration of DePearl™ technology within the InfoMan framework positions Waton as a key player in the financial technology and intelligent automation sectors [4][5] Company Overview - Waton Financial Limited is a holding company based in the British Virgin Islands, providing a range of financial services including securities brokerage and asset management [6] - The company emphasizes technology-driven solutions and a customer-centric approach to deliver innovative financial services [6] Partner Company Overview - MOG Digitech Holdings Limited specializes in fintech solutions, focusing on digital infrastructure and enterprise solutions for the financial and commercial sectors in Asia [7] - The company is also involved in advancing stablecoin and decentralized finance ecosystems, highlighting its commitment to blockchain innovation [7]

Core Insights - Bonk, Inc. has completed a strategic refresh of its Board of Directors, appointing three new members to enhance expertise in digital assets and capital markets [1][2][3] - The new Board composition gives Bonk-aligned members a clear majority, with a total of seven members [2] - The company is focusing on its subsidiary, BONK Holdings LLC, as part of its new strategy [2] New Appointments - Connor Klein, an investment partner at New Form Capital, brings expertise in financial infrastructure and DeFi [4] - Stacey Duffy, a financial due diligence expert, has extensive experience in complex transactions for corporate and private equity clients [4] - Jamie McAvity, co-founder and CEO of Cormint, Inc., has a proven track record in scaling high-growth operations in the digital asset space [4] Board Changes - The resignations of Jordan Schur and Rich Pascucci from the Board were announced, although Schur will continue as President of Bonk, Inc. [3] - The new appointments are seen as a strategic advantage for the company as it aims to build a premier public vehicle for the BONK ecosystem [3][4] Company Strategy - Bonk, Inc. is evolving to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space [3] - The company also has a beverage division that includes a patented product designed to reduce blood alcohol content [3]

MalaysiaCentral bank announces three-year tokenization roadmap through Digital Asset Innovation Hub. Targets SME supply chain financing, Shariah-compliant Islamic products, green finance, and 24/7 cross-border settlements. Working group explores MYR stablecoins and wholesale CBDC integration. Malaysia joins Singapore and Hong Kong in Asia's tokenization race.6/7 ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $84.2 million, with adjusted pre-tax income of $16.4 million, representing 19.4% of total revenue [6][12] - Year-to-date total revenue through September 30, 2025, was $172.8 million, with adjusted pre-tax income of $23.2 million, representing 13.4% of total revenue [6][12] - Net income attributable to shareholders for Q3 was $4.6 million, or $2.58 per fully diluted share, compared to $1.4 million or $0.81 per share in the prior quarter [13] Business Line Data and Key Metrics Changes - Cohen & Company Capital Markets (CCM) generated $133 million in revenue for the first nine months of 2025, up from $22.7 million in the full year of 2021 [8] - CCM accounted for 77% of total company revenue for the first nine months of 2025, up from 15% in 2021 [8] - New issue and advisory revenue for Q3 was $228 million, primarily driven by SPAC M&A activity and IPO transactions [14] Market Data and Key Metrics Changes - CCM has underwritten 18 SPAC IPOs year-to-date, with a gross pipeline of possible transactions valued at $300 million [9][10] - The company raised over $12 billion with crypto clients, placing CCM in the top three firms on Wall Street in the digital asset space [8] Company Strategy and Development Direction - The company aims to be the advisor of choice in the growth and frontier technology sectors, including blockchain, fintech, and rare earth metals [9] - The focus on SPACs and digital assets is expected to continue, with plans to enhance liquidity through an equity trading team [7][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating more than $50 million in revenue for Q4 2025 and over $220 million for the full year [11] - The declining interest rate environment has positively impacted trading revenue, which was up 26% in Q3 from the previous quarter [10] Other Important Information - Compensation and benefits expense for Q3 was $53.7 million, representing 64% of revenue [17] - The company declared a quarterly dividend of $0.25 per share, payable on December 3, 2025 [19] Q&A Session Summary - There were no questions during the Q&A session, and management concluded the call without further inquiries [23][25]