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Safety Shot Provides Further Details on Strategic Board Refresh and Corporate Vision
Globenewswire· 2025-09-18 13:06
Group 1 - The company is seeking shareholder approval for the appointment of three new directors and the resignation of two existing directors, with the vote expected in October [2][3] - The company has reserved the trading symbol "BNKK" with Nasdaq as part of its strategic transformation, which includes a name change [2] - The CEO expressed confidence in the new directors' expertise and the positive impact they will have on the company's strategic vision [3] Group 2 - Safety Shot, Inc. is evolving to bridge traditional public markets and the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [3] - The company's beverage division includes the patented Sure Shot beverage, which is designed to rapidly reduce blood alcohol content, and Yerbaé's plant-based energy beverage [3]
Safety Shot Launches BONK Holdings to Build Treasury in $2.5 Billion BONK Ecosystem
Globenewswire· 2025-09-11 12:30
Core Insights - Safety Shot, Inc. has formed a new subsidiary, BONK Holdings LLC, to manage its digital asset strategy and has executed a $5 million purchase to increase its BONK treasury to over $63 million [1][2] Group 1: Company Strategy - BONK Holdings has built its treasury through previous raises and a recent $5 million purchase, acquiring approximately 228.9 billion $BONK at an average cost of $0.00002184, now holding over 2.5% of the total circulating supply valued at around $55 million [2] - The company aims to unlock intrinsic value for shareholders and plans to actively manage its BONK treasury by participating in the Solana DeFi ecosystem through staking, providing liquidity, and yield farming, which is expected to generate non-dilutive returns [3] - The formation of BONK Holdings and the partnership with FalconX are seen as pivotal steps in establishing a premier publicly traded vehicle for the BONK ecosystem, with the current digital and cash assets valued above the entire market cap [4] Group 2: Revenue Generation - The company has a 10% revenue sharing interest from the profitable letsBONK.fun platform, which will fund ongoing BONK token acquisitions once custody practices are finalized [4] - Safety Shot is focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets, bridging traditional public markets and the digital asset ecosystem [5]
Safety Shot Appoints BONK Core Contributor Mitchell Rudy (Nom) to Board of Directors
Globenewswire· 2025-09-05 12:30
Core Insights - Safety Shot, Inc. is transitioning to integrate with the digital asset ecosystem by appointing Mitchell Rudy, a core founder of BONK, to its Board of Directors, following the resignation of Dave Long [1][2][3] - The appointment of Mr. Rudy aligns with the company's strategic focus on becoming a premier publicly-traded vehicle for digital assets, leveraging his expertise in the Solana ecosystem [2][3] - The company aims to build a bridge between traditional public markets and the BONK ecosystem, focusing on acquiring revenue-generating assets within the DeFi space to enhance its treasury of digital assets [4] Company Strategy - Safety Shot is evolving to connect traditional public markets with the digital asset ecosystem, particularly through its strategic integration with letsBONK.fun [4] - The company is focused on creating new revenue streams to support its balance sheet and growth in the digital asset space [4] - The beverage division includes the patented Safety Shot beverage, which is designed to rapidly reduce blood alcohol content, alongside Yerbaé's plant-based energy beverage [4]
AIRNET TECHNOLOGY INC. COMPLETES US$180.0 MILLION REGISTERED DIRECT OFFERING
Prnewswire· 2025-08-28 12:00
Core Insights - AirNet Technology Inc. has completed a registered direct offering, raising approximately US$180.0 million through the sale of 80,826,225 ordinary shares and accompanying warrants [1] - The proceeds from this offering were paid entirely in digital assets, specifically around 819.07 Bitcoin and 19,928.91 Ethereum [2] - This financing marks a strategic transformation for AirNet, positioning the company as a dedicated participant in the digital asset ecosystem, supported by a team of cryptocurrency professionals [3] Financial Details - The gross proceeds from the offering amounted to approximately US$180.0 million [1] - The digital assets received include approximately 819.07 Bitcoin and 19,928.91 Ethereum, which were received before the deduction of offering expenses [2] Strategic Direction - The completion of this financing is seen as a pivotal new beginning for AirNet, aligning its treasury with future digital asset initiatives [4] - The company aims to maximize shareholder value through a sophisticated, multi-faceted strategy guided by its new team of experts in the cryptocurrency field [3][4]
Safety Shot Secures $30 Million Strategic Investment From BONK Core Team and FalconX
Globenewswire· 2025-08-25 12:30
Core Insights - Safety Shot, Inc. has successfully priced a $30 million financing, which includes a registered direct offering of approximately $5 million in cash and a private placement of $25 million paid in BONK tokens, with shares priced at $0.46 each [1][2] - The investment reflects significant demand for the company's new strategic direction, providing a fortified balance sheet to support aggressive growth strategies [2][3] - The transaction marks a pivotal shift in public companies' engagement with the digital asset space, as Safety Shot acquires a direct stake in the profitable BONK ecosystem, creating a recurring revenue stream [3][4] Financial Details - The financing consists of $5 million in cash and $25 million in BONK tokens, with a total offering of $30 million [1] - Shares are priced at $0.46 each, indicating a structured approach to capital raising [1] Strategic Direction - The company aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [7] - The partnership with BONK is seen as a foundation for creating a new model for value creation, enhancing the company's growth potential [4][3] Management Commentary - The CEO of Safety Shot emphasized the significance of the investment, highlighting the capital and resources brought by strategic investors to ensure success [4] - Mitchell Rudy, a key figure in BONK, expressed confidence in the partnership, indicating a long-term vision for the ecosystem [4]
X @Poloniex Exchange
Poloniex Exchange· 2025-08-20 13:30
Industry Collaboration & Compliance - Poloniex becomes a founding member of TRM Labs' Beacon Network, aiming to combat illicit finance in real time [1] - The Beacon Network is a global initiative focused on strengthening cross-border cooperation and compliance standards within the digital asset ecosystem [1] - The initiative involves collaboration from various industry players including Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, Crypto.com, Zodia Custody, Blockchain, Anchorage, Bitfinex, HTX Global, OKX, LFJ_gg and 1inch [1] Security & Ecosystem - The industry emphasizes the importance of building a safer digital asset ecosystem through enhanced cooperation and compliance [1] - TRM Labs' Beacon Network aims to unite the industry to prevent illicit finance [1]
VCI Global Announces US$2 Billion Partnership Secured by Sovereign-Grade Encrypted Infrastructure
Globenewswire· 2025-08-19 11:59
Core Insights - VCI Global Limited has announced a partnership to establish a sovereign-grade infrastructure venture backed by 18,000 BTC, valued at over US$2.16 billion [1][2] - The joint venture will hold a 70% equity stake by VCI Global, focusing on commercialization and infrastructure management while the digital asset partner retains custody of the BTC reserves [2] - The initiative aims to accelerate institutional adoption of cryptocurrency through secure Bitcoin storage, AI computing, and real-world asset monetization [2][5] Company Overview - VCI Global is a cross-sector platform builder that integrates deep technology with financial architecture to create sovereign-ready digital ecosystems [11][12] - The company has expanded its capabilities in sovereign-grade cybersecurity and AI, launching products like Qsecore and QTrustCard [6][10] - VCI Global's mission is to empower governments and institutions in Southeast Asia to scale securely and independently [12] Technological Infrastructure - The Bitcoin reserves will be stored in QuantVault, a proprietary encrypted storage platform that ensures institutional-grade protection [3] - The development roadmap includes creating a Sovereign Reserve Vehicle (SRV) to transform encrypted infrastructure into revenue-generating assets [3][4] - QuantGold, another platform by VCI Global, focuses on secure data monetization and integrates military-grade encryption with blockchain technology [8][9] Market Positioning - With Bitcoin's market capitalization exceeding US$2.32 trillion and limited BTC left to mine, VCI Global positions itself among a select group of Nasdaq-listed companies integrating large-scale Bitcoin reserves with advanced infrastructure [4] - The partnership enhances VCI Global's leadership in sovereign cybersecurity, AI computing, and institutional crypto infrastructure [5][7] - The focus on national-scale digital asset custody and AI-driven analytics aligns with the rising global demand for secure digital asset frameworks [5][7]
Snail, Inc. Advances Stablecoin Initiative by Establishing a New Wholly Owned Subsidiary, Snail Coins LLC
Globenewswire· 2025-07-22 12:30
Core Insights - Snail, Inc. has established Snail Coins LLC as a subsidiary to manage its USD-backed stablecoin initiative and digital asset management strategy [1][2][3] - The stablecoin project aims to provide a secure and scalable solution to address gaps in digital payments and financial infrastructure, particularly following the enactment of the GENIUS Act [3][4] Company Developments - The formation of Snail Coins LLC represents a strategic commitment to the integrity and success of the stablecoin project, aligning with the regulatory landscape that is evolving to support digital finance innovation [4] - The GENIUS Act creates a federal regulatory framework for USD-backed stablecoins, which is expected to enhance market trust and attract institutional interest [3][4] Industry Context - The recent regulatory developments are seen as a catalyst for broader adoption of compliant digital financial solutions, positioning the company favorably within the digital asset ecosystem [3][4]
Supreme Court of British Columbia Grants Final Order to WonderFi Approving Acquisition by Robinhood
Newsfile· 2025-07-21 22:40
Core Viewpoint - The Supreme Court of British Columbia has granted a final order approving the acquisition of WonderFi Technologies Inc. by Robinhood Markets, Inc. through its subsidiary Wrangler Holdings Inc. at a price of C$0.36 per share [1][3]. Group 1: Acquisition Details - The acquisition involves WonderFi's common shares being purchased for C$0.36 each, with holders of brokers warrants receiving cash equal to the Black-Scholes value of each warrant prior to the closing [1]. - The acquisition is subject to the satisfaction or waiver of remaining conditions, including final regulatory approvals, and is expected to be completed in the second half of 2025 [3]. Group 2: Regulatory Approval - On July 17, 2025, Robinhood received a no-action letter from the Canadian Competition Bureau, indicating that there will be no application under the Competition Act regarding the acquisition [2]. Group 3: Company Overview - WonderFi is a leader in both centralized and decentralized financial services, managing over $1.7 billion in client assets under custody [6]. - The company aims to provide diversified investment exposure across the global digital asset ecosystem and owns market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca [8].
NextGen Digital Expands Cloud AI Hosting & Digital Infrastructure Operations & Provides Corporate Update
Globenewswire· 2025-06-05 11:30
Core Insights - NextGen Digital Platforms Inc. has expanded its fleet of computing workstations for its Cloud AI Hosting business, which has started generating revenue [1][2] - The addition of three new high-performance Nvidia GPU workstations increases the total active GPU fleet to five, enhancing operational cash flows and demand capture in the AI computing sector [2] - NextGen aims to expand into the digital asset ecosystem, including cryptocurrency mining and blockchain infrastructure, leveraging its existing expertise and asset base [3] Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform (PCSections.com) and a hardware-as-a-service business (Cloud AI Hosting) focused on the AI sector, both developed in-house [4] - The company plans to democratize access to cryptocurrencies by providing exposure to a diversified basket of digital assets through a regulated public vehicle [4] - NextGen is also considering the evaluation and acquisition of other micro-technology platforms to enhance its operational segments [4]