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Bit Origin Announces Completion of Share Capital Reduction
Globenewswire· 2025-08-04 20:30
Core Viewpoint - Bit Origin Ltd has successfully completed a reduction of its issued share capital, enhancing its flexibility for future corporate actions and potential capital raises [1][4]. Group 1: Share Capital Reduction Details - The Grand Court of the Cayman Islands confirmed the Company's special resolution to reduce the par value of each issued and authorized share from US$0.30 to US$0.000001 [2]. - Following the reduction, the authorized share capital is US$500, divided into 500,000,000 ordinary shares with a par value of US$0.000001 each, including 475,000,000 Class A Ordinary Shares and 25,000,000 Class B Ordinary Shares [3]. - All issued shares remain fully paid up, and the Share Capital Reduction was registered by the Cayman Islands Registrar of Companies on July 25, 2025 [3]. Group 2: Management Commentary - Mr. Jinghai Jiang, Chairman and CEO, stated that the completion of the share capital reduction provides increased flexibility for executing future corporate actions, including potential capital raises and strategic transactions [4].
BTC Digital Ltd. Postponed Extraordinary General Meeting to August 22, 2025
Prnewswire· 2025-08-04 12:00
Core Viewpoint - BTC Digital Ltd. has postponed its extraordinary general meeting to August 22, 2025, due to a lack of quorum, with no changes to the meeting's location, record date, or proposals [1][2]. Group 1: Meeting Details - The extraordinary general meeting was initially scheduled for July 21, 2025, and was adjourned to August 4, 2025, before being postponed again to August 22, 2025, at 9:30 a.m. Eastern Time [1][2]. - The meeting will take place at 61 Robinson Road, Level 6 & 7, 738, Singapore 068893 [2]. Group 2: Voting Information - The Company's Board of Directors recommends shareholders vote FOR the important proposals outlined in the proxy statement for the meeting [3]. - Shareholders who have already voted do not need to take further action unless they wish to change their votes, which will still be counted at the postponed meeting [3]. - The Company encourages shareholders who have not yet voted to do so now to avoid additional solicitation and expenses [3]. Group 3: Proxy Solicitation - BTC Digital Ltd. has engaged Advantage Proxy, Inc. to solicit proxies from shareholders prior to the postponed meeting [4]. - Only holders of record of ordinary shares as of June 27, 2025, are entitled to vote at the postponed meeting [4]. Group 4: Company Overview - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining sectors [6]. - The Company aims to develop blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool operations, and miner accessories [6].
Hyperscale Data Announces Preliminary Cash and Restricted Cash Position of $27 Million and Total Assets of $214 Million as of June 30, 2025
Prnewswire· 2025-08-04 10:00
Core Insights - Hyperscale Data, Inc. has reduced its debt by over $20 million year-to-date and is focusing on building a stronger asset base [1] - The company aims to position itself at the intersection of AI infrastructure and blockchain technology, with plans to update stockholders on digital asset acquisition strategies [1][2] - As of June 30, 2025, the company reported a cash position exceeding its market capitalization and total assets of approximately $214 million [2][7] Financial Performance - Preliminary financial results for the quarter ended June 30, 2025, indicate a strong cash position and disciplined financial management [1] - Cash and cash equivalents, along with restricted cash, totaled approximately $27 million [7] - The company expects to file its final results in the Form 10-Q with the SEC [2] Strategic Initiatives - Hyperscale Data plans to begin publishing monthly updates on its digital asset holdings starting in August 2025 [1] - The company is preparing for the divestiture of its subsidiary Ault Capital Group, expected around December 31, 2025, which will allow it to focus on data center operations and digital asset holdings [5][6] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become shareholders of ACG [6] Business Operations - Through its subsidiary Sentinum, Inc., Hyperscale Data operates a data center for mining digital assets and providing colocation and hosting services [4] - The company is engaged in various industries, including AI software, social gaming, defense, and medical sectors, through its diversified holdings [5]
X @Ivan on Tech 🍳📈💰
Ivan on Tech 🍳📈💰· 2025-08-01 15:08
Government Stance on Crypto - The U S has entered the Golden Age of Crypto, indicating a positive regulatory environment [1] - The U S government, under the President, is exploring new possibilities in decentralized computing and digital payments [1] Call to Action - The Treasury Secretary encourages companies to start, launch protocols, and hire workers in the U S [1] Blockchain Technology - The U S government aims to unlock the potential of blockchain technology [1]
Wellfield Technologies Inc. Announces Grant of Management Cease Trade Order and Status Report
Newsfile· 2025-07-31 21:05
Core Viewpoint - Wellfield Technologies Inc. has received a management cease trade order (MCTO) from the British Columbia Securities Commission, allowing the company until September 29, 2025, to file its audited financial statements for the fiscal year ending March 31, 2025, after missing the original deadline of July 29, 2025 [1][2][6]. Group 1: Management Cease Trade Order (MCTO) - The MCTO prohibits the chief executive officer and chief financial officer from trading in the company's securities until the annual filings are completed [2]. - Other individuals are still permitted to trade in the company's securities despite the MCTO [2]. - The company is required to comply with alternative information guidelines while in default, including issuing bi-weekly default status reports [3][8]. Group 2: Filing Requirements and Timeline - The company must file its annual financial statements and related management discussion and analysis by September 29, 2025, which is two months beyond the original deadline [1][6]. - Failure to file within this extended period may lead to a cease trade order (CTO) being imposed by securities commissions [6]. Group 3: Company Status and Compliance Efforts - As of the date of the announcement, the company is not undergoing any insolvency proceedings and has disclosed no undisclosed material information [4]. - The company is actively working with its auditor to complete the annual filings and aims to remedy the filing default by August 29, 2025 [7].
Red Light Holland CEO Todd Shapiro Invited by Blockchain Futurist Conference for Fireside Chat and Panel Hosting
Newsfile· 2025-07-30 12:05
Core Insights - Red Light Holland's CEO, Todd Shapiro, has been invited to the Blockchain Futurist Conference in Miami, scheduled for November 5-6, 2025, to discuss the intersection of blockchain technology and the psychedelics industry [1][3] - The conference aims to explore themes of decentralization and deregulation, particularly how blockchain can support psychedelic deregulation and enhance personal sovereignty [1][3] Company Overview - Red Light Holland is an Ontario-based corporation focused on the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as psilocybin truffles in the Netherlands [1][7] - The company has committed to investing up to C$2 million in Bitcoin and related assets, which aligns with its strategy to embrace decentralized finance [3][4] Conference Details - The Blockchain Futurist Conference is a significant event that gathers innovators and thought leaders in blockchain, cryptocurrency, and related fields, promising immersive experiences and expert panels [2] - Todd Shapiro's sessions will cover the role of Bitcoin in corporate treasuries, the potential of Web3 in health and wellness, and regulatory considerations for merging traditional and digital assets [4]
eToro Continues Journey Towards a Tokenized Future With Launch of 24/5 Trading, Futures and Tokenized Stocks
Globenewswire· 2025-07-29 14:31
Core Insights - eToro is evolving its product offerings towards a tokenized future, emphasizing the potential of blockchain technology to facilitate significant wealth transfer through the tokenization of traditional assets [2][5][6] - The company plans to expand its trading hours from 24/5 to 24/7, allowing users to trade US-listed stocks and ETFs, as well as spot-quoted futures, enhancing flexibility and accessibility [3][4][7] Company Developments - eToro will introduce an initial list of 100 popular US-listed stocks and ETFs for 24/5 trading, aiming to empower users to trade in real-time [2][4] - The platform has launched spot-quoted futures in collaboration with CME Group, providing accessible-sized contracts and familiar pricing, currently available in select European markets [3][4] - The company has a history of involvement in tokenization, having launched tokenized gold and silver in 2019, and is now set to launch US-listed equities as ERC20 tokens on the Ethereum blockchain [5][6] Industry Context - New regulations, such as MiCA in Europe and the Genius Act in the US, are creating opportunities for the tokenization of real-world assets, which are legally backed and regulated [2][6] - The benefits of tokenization, including 24/7 transferability, are being recognized, with stable coins demonstrating these advantages [2][6]
ARK Invest's Digital Asset Revolutions Fund Selects SOL Strategies as Its New Solana Staking Provider
Newsfile· 2025-07-28 12:57
Core Insights - ARK Invest's Digital Asset Revolutions Fund has selected SOL Strategies as its new Solana staking provider, which validates SOL Strategies' institutional infrastructure [1][2][3] - The partnership will transition ARK's Solana validator operations to SOL Strategies' enterprise-grade infrastructure, enhancing ARK's digital asset investment strategies [2][3] - SOL Strategies' integration with BitGo, a leading institutional custody platform, will facilitate seamless validator services for ARK [2] 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] - The company aims to be at the forefront of blockchain innovation, emphasizing its commitment to institutional clients [3][4] Industry Context - ARK Invest is recognized for its innovative approach in sectors like blockchain technology and has been an early adopter of cryptocurrency staking strategies [3] - The firm has previously invested in various staking solutions, including Solana and Ethereum staking ETFs, indicating a strong commitment to capturing staking yields for investors [3]
X @CryptoJack
CryptoJack· 2025-07-27 05:30
#Blockchain technology is unlocking new possibilities. Where do you think we’ll be in 5 years with this tech? ...
BNY partners with Goldman Sachs to offer tokenized money market funds: CNBC Crypto World
CNBC Television· 2025-07-23 19:53
Today, Goldman Sachs and VNY team up on tokenized money market funds. Crypto custodian Bitco confidentially files to go public. And the CEO of OKXUS breaks down what regulatory advancements here in the states means for the crypto exchange.Welcome to CNBC's Crypto Worlds. I'm Tana McKiel. Digital currencies in the red this morning.By noon Eastern, Bitcoin slipped around a quarter of 1% to $118,600. Ether fell nearly 2% back to the $3,600 level. And Salana dropped 4.5% to $192.Okay, let's talk about the top s ...