Core Viewpoint - TON Strategy Company is undergoing a leadership transition, including a search for a new CEO and the expansion of its Board of Directors to strengthen its governance structure as it continues to operate as a public company [1][2][5]. Leadership Transition - The current CEO, Veronika Kapustina, will step down but will remain in the role during the transition period to ensure continuity [2]. - The company has engaged Heidrick and Struggles to find additional independent directors and Intersection Partners to search for a new CEO [4]. Board Expansion - TON Strategy currently has five members on its Board, with plans to add more independent directors to enhance governance [3]. - The company is flexible regarding the number of new appointments to select the best candidates through an independent search process [3]. Business Operations - The company focuses on accumulating Toncoin, the native cryptocurrency of Telegram, for long-term investment and aims to expand its holdings and support the development of a tokenized economy within Telegram [6]. - In addition to its digital asset strategy, the company operates legacy business units, including MARKET.live and LyveCom, which focus on livestream shopping and social commerce [7].

Core Viewpoint - Bakkt Holdings, Inc. has established an at-the-market (ATM) equity program allowing it to sell shares for up to $300 million to enhance financial flexibility and capitalize on growth opportunities [1][2]. Group 1: ATM Equity Program - The ATM program provides Bakkt with the ability to offer and sell shares of its common stock at its discretion for aggregate gross proceeds of up to $300 million [1]. - As of the announcement date, no shares have been sold under the ATM program [1]. Group 2: Strategic Intent - The program is intended to enhance Bakkt's financial flexibility and support its long-term growth strategy, including expanding the Bakkt Agent initiative and scaling Zaira's stablecoin payments platform [2]. - Bakkt plans to increase investment in its global initiatives, particularly in Japan and India, and enter additional high-potential markets to build on its global momentum [2]. Group 3: Company Overview - Founded in 2018, Bakkt is focused on building next-generation financial infrastructure, enabling institutional participation in the digital asset economy, including Bitcoin, tokenization, stablecoin payments, and AI-driven finance [4]. - The company is positioned at the center of a transformation in how money moves and how markets operate, emphasizing scale, security, and regulatory compliance [4].

Core Viewpoint - Sharps Technology, Inc. is expanding its relationship with Coinbase Institutional by launching an institutional-grade validator on the Solana network, marking a significant shift from being a treasury participant to an active contributor to the network's security and decentralization [1][2]. Group 1: Company Strategy - The company will delegate a portion of its SOL treasury holdings, which currently exceed 2 million SOL, to the newly established Coinbase-operated validator [3]. - This initiative builds on the existing relationship with Coinbase Institutional, leveraging its custody, OTC, and operational infrastructure as part of the broader digital asset treasury strategy [4]. Group 2: Industry Impact - The launch of the STSS Validator positions the company as one of the first U.S.-listed firms to transition from a treasury-only approach to an active participant in blockchain development [5]. - The partnership with Coinbase aims to enhance the security, compliance, and operational reliability of institutional-grade infrastructure, reflecting the growing trend of institutions moving on-chain [5]. Group 3: Company Background - Sharps Technology is a medical device and pharmaceutical packaging company that offers patented smart-safety syringe products, focusing on ultra-low waste capabilities and incorporating advanced safety features [9]. - The company has adopted a digital asset treasury strategy centered on accumulating SOL, the native digital asset of the Solana blockchain, to generate on-chain yield [10].

Core Insights - AVAX One Technology Ltd. has launched an Avalanche treasury dashboard to enhance shareholder transparency and provide key portfolio and company metrics [1][2][3] Group 1: Dashboard Features - The dashboard includes real-time data on AVAX market pricing, estimated net asset value (NAV), AVAX holdings, and other treasury and capital structure metrics [2][3] - The dashboard is powered by Blueprint, an institutional staking and digital-asset orchestration platform, and is intended to be a living resource that may expand over time [3] Group 2: Company Strategy and Goals - AVAX One aims to build a regulated gateway to the Avalanche ecosystem, focusing on institutional access and transparency as foundational principles [3][4] - The company plans to compound long-term value for shareholders through AVAX accumulation, onchain yield, and strategic acquisitions [4]

Core Viewpoint - Hyperscale Data, Inc. has successfully achieved a Bitcoin treasury amounting to approximately $80.2 million, which is 102% of its market capitalization as of January 5, 2026, and aims to reach $100 million in Bitcoin as part of its digital asset treasury strategy [1][2]. Group 1: Bitcoin Treasury and Market Capitalization - The company's Bitcoin treasury, including current holdings and cash for future purchases, totals around $80.2 million, representing 102% of its market capitalization [1]. - The company has set a goal to maintain its Bitcoin holdings at parity with its market capitalization while pursuing a broader strategy to accumulate Bitcoin [1]. - The next target for the company is to achieve $100 million in Bitcoin on its balance sheet [1]. Group 2: Subsidiary Holdings and Strategy - The wholly owned subsidiary Sentinum, Inc. held approximately 524.6978 Bitcoin as of January 4, 2026, valued at around $48 million based on the Bitcoin price of $91,413 [2]. - ACG, another wholly owned subsidiary, held 8.000 Bitcoin as of January 4, 2026, acquired in the open market [3]. - The company plans to fully deploy cash allocated to its digital asset treasury strategy into Bitcoin purchases over time, targeting at least 5% of allocated cash each week [4]. Group 3: Reporting and Transparency - Hyperscale Data intends to provide weekly updates on the total amount of Bitcoin owned and the amount purchased during the prior week, ensuring consistent and transparent reporting [5]. - The company does not plan to provide regular updates on cash balances but will continue to report on Bitcoin holdings and purchases [5]. Group 4: Future Plans and Divestiture - The company expects to divest ACG in the third quarter of 2026, after which it will focus on operating data centers and holding digital assets [8]. - Until the divestiture occurs, the company will continue to provide mission-critical products through ACG and its subsidiaries across various industries [8].

Core Viewpoint - YZILabs Management Ltd. expresses disappointment in CEA Industries Inc.'s Board for prioritizing self-entrenchment over stockholder interests and calls for a fair director nomination and election process [1][2][3] Group 1: Board Actions and Stockholder Rights - The Board has adopted a poison pill and bylaw provisions that hinder stockholders' ability to act by written consent, which YZi believes adds unnecessary constraints beyond Nevada law [1][2] - YZi warns that the Board's actions could expose it to liability for failing to fulfill fiduciary duties, as it appears to prefer restricting stockholder rights rather than acknowledging its mistakes [2][3] - The Board has delayed the 2025 Annual Meeting past its scheduled date, raising concerns about manipulative behavior regarding the election process [4] Group 2: Strategic Direction and Token Strategy - YZi rejects the Board's claim that it has never considered alternative tokens for its digital asset treasury strategy, citing a comment from CEO David Namdar about contemplating a switch to other crypto assets [5][11] - There is a concern among stockholders that the Board's actions may betray their interests, as they expect representation aligned with the token strategy in which they invested [5] Group 3: Shareholder Engagement and Future Actions - YZi is closely monitoring the Company's activities and disclosures, particularly regarding the upcoming 2025 Annual Meeting, which is critical for stockholders to vote on the Board's composition [3][4] - YZi Labs aims to provide stockholders with the opportunity to elect new board members at the 2025 Annual Meeting, emphasizing the need for better governance and alignment with shareholder interests [5]

Core Insights - iPower Inc. has completed its initial acquisitions under its Digital Asset Treasury (DAT) strategy, marking its first capital deployment into digital assets [1] - The CEO of iPower emphasized that this deployment is a significant milestone in the company's broader crypto strategy, reflecting a disciplined approach to building digital asset exposure [1] - iPower plans to evaluate additional digital asset purchases in the coming weeks, contingent on market conditions and internal risk management [1] Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands [2] - The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics, and manufacturing, with plans to pursue initiatives in digital assets and blockchain integration [2] Transaction Details - iPower purchased 15.1 Bitcoin (BTC) at an average price of $87,686.33 per BTC, totaling approximately $1,325,400 [4] - The company also purchased 301.1 Ethereum (ETH) at an average price of $2,934.67 per ETH, amounting to approximately $883,600 [4]

As filed with the Securities and Exchange Commission on December 18, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DEFI DEVELOPMENT CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7389 83-2676794 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6401 Congress Av ...

Core Viewpoint - CEA Industries Inc. has successfully transformed into BNC, closing a $500 million financing round and accumulating over 500,000 BNB tokens, laying a strong foundation for its digital asset treasury strategy [2][8]. Financial Highlights - For Fiscal Q2 2026, the company reported a net income of $283.6 million, which includes a $206.8 million gain on the change in fair value of warrant liability [9]. - Earnings per share (EPS) for the quarter stood at $5.36 [9]. - The company closed a $500 million private placement on August 5, 2025, with the potential to deliver up to $1.25 billion in gross proceeds if all associated warrants are exercised [9]. Operational Highlights - BNC has become the world's largest BNB treasury, holding over 500,000 BNB tokens, providing significant exposure to the digital asset ecosystem [8]. - The company launched a share repurchase program worth $250 million, reflecting management's confidence in its intrinsic value, and acquired 1.8 million shares for $11.3 million at an average price of $6.27 per share [9]. - A new Nasdaq ticker symbol "BNC" was introduced on August 6, 2025, marking a significant branding change [9]. Governance and Strategic Initiatives - The Board of Directors has been strengthened with the appointment of Dr. Russell Read, Carly E. Howard, and Annemarie Tierney, enhancing expertise in investment management, digital assets, and governance [9]. - The company has launched an investor dashboard to provide real-time visibility into its digital asset holdings and performance [9]. Business Outlook - CEA Industries is committed to executing its digital asset treasury strategy, aiming to acquire 1% of the total BNB supply while continuing opportunistic share repurchases [4].

Group 1 - LiveOne will introduce its B2B partners to shareholders and investors at Mar-a-Lago on December 17, 2025 [1] - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA [2] - The company focuses on delivering premium experiences and content worldwide through memberships and live and virtual events [2] Group 2 - LiveOne's subsidiaries include Slacker, PodcastOne, PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] - The company operates an over-the-top application powered by Slacker, available on multiple platforms including iOS, Android, Roku, and others [2] - For more investor information, LiveOne provides resources on its investor relations website [2]