Digital asset treasury strategy
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BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH
Newsfile· 2025-06-02 12:30
Core Insights - BTCS Inc. has acquired 1,000 Ether (ETH) for approximately $2.63 million, increasing its total ETH holdings to about 13,500 ETH, which represents a 50% increase from 9,063 ETH at the end of Q1 2025 [1][2]. Company Strategy - The CEO of BTCS emphasized that the expanding ETH position is part of a broader strategy focused on building scalable, revenue-generating blockchain infrastructure rather than merely a treasury strategy [2]. - BTCS aims to maximize strategic value from every ETH purchase by utilizing Crypto.com's institutional offering, which helps reduce slippage and optimize capital deployment across blockchain initiatives [2]. Partnership with Crypto.com - Crypto.com Exchange, launched in the U.S. in 2024, provides advanced trading capabilities with deep global liquidity and ultra-low latency, catering to institutional and advanced clients [2][3]. - The partnership with Crypto.com is intended to enhance BTCS's cryptocurrency acquisition strategy and support its ongoing crypto reserve journey [3]. Company Overview - BTCS Inc. is focused on driving scalable revenue growth through blockchain infrastructure operations, specializing in block building and validator node management [3]. - The company operates a branded block-building operation called Builder+, which optimizes block construction for on-chain validation to maximize gas fee revenues [3]. - BTCS has developed ChainQ, an AI-powered blockchain data analytics platform, to enhance user access and engagement within the blockchain ecosystem [3].
Janover Purchases Approximately $10.5 Million of Solana (SOL) as Part of New Treasury Strategy
Newsfilter· 2025-04-15 12:00
Core Viewpoint - Janover Inc. has adopted a digital asset treasury strategy, focusing on accumulating Solana (SOL) as a key asset, reflecting a commitment to capital deployment in favorable market conditions [1][2][3] Group 1: Treasury Strategy - The Board of Directors approved a new treasury policy on April 4, 2025, allowing for long-term accumulation of cryptoassets, starting with Solana [2] - Janover intends to operate one or more Solana validators to stake its treasury assets, securing the network and earning rewards for reinvestment [2][3] Group 2: Current Holdings and Financial Metrics - As of April 15, 2025, Janover holds a total of 163,651.7 SOL, valued at approximately $21.2 million, including staking rewards [1][7] - The recent purchase of 80,567 SOL was valued at about $10.5 million, marking the third execution under the new treasury strategy [1] - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.11, valued at $14.47 per share, with a 120% growth in SPS compared to the last purchase [7]
New Janover Management Team Raises Approximately $42 Million to Enhance U.S. Public Market Digital Asset Treasury Strategy
Newsfilter· 2025-04-07 12:00
Core Viewpoint - Janover, Inc. has successfully raised approximately $42 million through a private offering of convertible notes and warrants, aimed at accelerating its acquisition of digital assets, particularly within the Solana ecosystem [1][3]. Group 1: Offering Details - The aggregate principal amount of the convertible notes sold was approximately $42 million, with an interest rate of 2.5% per year, maturing on April 6, 2030 [2]. - The notes are convertible into common stock, contingent upon the company's market capitalization reaching or exceeding $100 million prior to conversion, with a minimum conversion price set at $4.81 [2]. - For every $1,000 in principal amount of convertible notes purchased, warrants were issued to purchase approximately 8.333 shares at an exercise price of $120 per share and approximately 6.666 shares at an exercise price of $150 per share [2]. Group 2: Company Strategy - The proceeds from the offering are intended to enhance the company's efforts in acquiring digital assets, starting with the Solana ecosystem through the US public markets [3]. - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to crypto assets, beginning with Solana (SOL), to provide investors with economic exposure to SOL investment [7]. Group 3: Company Overview - Janover Inc. operates as an AI-powered online platform that connects the commercial real estate industry, offering data and software subscriptions along with value-added services [5]. - The company serves over one million web users annually, including property owners, developers, and various lenders, facilitating billions of dollars in debt financing each year [6].