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NewGen Announces Planned $30 Million Strategic Investment in Solana Digital Asset Staking
Globenewswire· 2025-06-02 12:30
Core Insights - NewGen is expanding its digital asset portfolio by investing US$30 million in staking Solana, demonstrating a commitment to blockchain technology [1][2][3] - The investment will be financed through existing credit facilities totaling US$126 million [1] - This move follows an initial US$1 million investment in Bitcoin made in December 2024, indicating management's confidence in blockchain assets [3][4] Company Strategy - NewGen plans to establish a dedicated subsidiary focused on digital asset operations and investments, enhancing operational focus and strategic flexibility [3] - The investment in Solana is seen as a natural evolution of the company's digital asset strategy, reflecting a growing conviction in digital assets as a legitimate asset class [4] - The company aims to leverage Solana's high-speed transaction capabilities and staking rewards to create value for shareholders [2][4] Industry Context - Solana is recognized as a leading blockchain platform with a growing ecosystem of decentralized applications, which aligns with NewGen's strategic positioning [2] - The staking mechanism of Solana allows token holders to earn rewards while supporting network security and decentralization, presenting significant growth potential [2]
CORRECTION: VivoPower Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules
Globenewswire· 2025-05-30 11:36
Company Overview - VivoPower International PLC is transforming into the world's first XRP-focused digital asset enterprise, focusing on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2] - The company operates globally, with a presence in the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as an award-winning global sustainable energy solutions B Corporation [3] Business Units - VivoPower has two main business units: Tembo and Caret Digital. Tembo focuses on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [3] - Caret Digital is dedicated to maximizing the use cases for renewable power, including digital asset mining [3] Recent Developments - VivoPower announced a US$121 million private placement priced at US$6.05 per share, which is above the last market closing price, as part of its new strategic direction [1]
Matador Technologies Inc. Enters Binding LOI to Partner with Indian Digital Asset Product Strategy Firm
Globenewswire· 2025-05-29 16:00
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF) is pleased to announce that it has entered into a binding letter of intent ("LOI") to invest in a publicly traded Indian technology company, tentatively named HODL Systems (“HODL”), that implements a treasury strategy which includes investing into digital assets. Under the terms of the LOI, Matador will commit to invest up to USD$3,200,000 (“Investment Amount”) in a share warrant struc ...
VivoPower Receives Revised US$200 Million Enterprise Value Non-Binding Proposal from Energi Holdings For 51% Direct Acquisition of Tembo e-LV
Globenewswire· 2025-05-29 14:30
Core Points - VivoPower International PLC has received a revised non-binding proposal from Energi Holdings Limited for a strategic acquisition of a 51% controlling stake in its subsidiary, Tembo e-LV B.V., with an enterprise valuation of US$200 million for 100% of Tembo [1][2] - Energi's proposal supports Tembo's planned business combination with Cactus Acquisition Corp. 1 Limited, with an equity valuation of US$838 million [1][3] - VivoPower is committed to optimizing its capital structure, with proceeds from strategic transactions prioritized for debt retirement and potential returns to shareholders [4] Company Overview - VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [7] - The company operates globally, with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [8] - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining, agriculture, and defense [9][10]
Hyperscale Data Subsidiary Ault Capital Group Plans to Launch XRP Lending Platform for U.S. Public Companies in Q3 2025
Globenewswire· 2025-05-29 10:30
Core Viewpoint - Hyperscale Data, Inc. is launching an enterprise-focused XRP lending platform through its subsidiary Ault Capital Group, Inc. in Q3 2025, marking its entry into decentralized finance (DeFi) [1][4] Group 1: Platform Details - The lending platform will be available exclusively to public companies listed on NYSE, NYSE American, and NASDAQ, allowing them to borrow fixed amounts of XRP under negotiated terms [2] - Loans will be secured by the applicant's assets and may be convertible into registered shares of common stock [2] - ACG plans to hedge market exposure by utilizing XRP futures contracts on the Chicago Mercantile Exchange, enhancing risk management in cryptocurrency lending [3] Group 2: Strategic Initiatives - The platform aims to provide a secure, compliant, and institutional-grade solution for blockchain-based lending, part of ACG's broader initiative to tokenize real-world assets and offer alternative financing solutions [4] - Additional crypto-financial instruments are expected to be announced in the coming months, indicating ongoing innovation in the sector [4] Group 3: Company Background - Hyperscale Data operates a data center through its subsidiary Sentinum, focusing on mining digital assets and supporting AI ecosystems [7] - The company plans to divest ACG by December 31, 2025, transitioning to solely owning and operating data centers for high-performance computing services [8]
DeFi Development Corp. to Host X Spaces Event: “Validators 101: Powering Solana’s Future”
Globenewswire· 2025-05-28 20:00
BOCA RATON, FL, May 28, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) today announced that it will host a live X Spaces conversation on Friday, May 30, 2025, at 1:00 p.m. Eastern Time, titled “Validators 101: Powering Solana’s Future.” The live conversation will feature leaders from Sanctum, the protocol behind Solana’s leading Liquid Staking Token infrastructure, and BONK, the meme-powered community fueling Solana adoption and validator expansion. The conversation will expl ...
DeFi Dev Corp. Announces Adoption of Liquid Staking Token Technology Developed by Sanctum; DFDV Becomes the First Public Company to Invest in Liquid Staking Tokens
Globenewswire· 2025-05-28 12:00
About DeFi Development Corp. BOCA RATON, FL, May 28, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company" or "DeFi Dev Corp."), the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced its adoption of liquid staking token ("LST") technology. As part of this initiative, DeFi Dev Corp. will invest part of its SOL treasury in dfdvSOL, an LST representing stake delegated to DeFi Dev Corp. validators and built with protocol infras ...
Captor Capital Corp. Drives Strategic Expansion with US$500,000 Bitcoin Acquisition and US$450,000 Convertible Loan Note from European Institutional Investor
Globenewswire· 2025-05-27 21:29
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Captor Capital Corp. (“Captor” or the “Company”) (CSE: CPTR) is excited to announce a significant milestone in its growth strategy with the acquisition of US$500,000 in Bitcoin for treasury holdings and the issuance of unsecured convertible loan notes (the “Notes”) in the aggregate amount of US$450,000 to a European-based institutional investor (the “Noteholder”). These strategic moves reinforce Captor’s commitment to innovative financial strategies and delivering e ...
Rumble Cloud Enters Strategic Collaboration with TRON
Globenewswire· 2025-05-27 13:29
First phase of collaboration provides TRON with data storage infrastructure LONGBOAT KEY, Fla., May 27, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced a strategic collaboration with TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps). In the initial phase of the collaboration, Rumble Cloud will provide access to its infra ...
SEALSQ Invests in Wecan Token to Advance Post-Quantum Digital Identity and Strengthen Blockchain Security, following a Strategic Partnership with SOLANA
Globenewswire· 2025-05-27 12:30
Core Viewpoint - SEALSQ Corp has made a strategic investment in Wecan Token to enhance its digital identity solutions and reinforce its commitment to secure and decentralized identity management [1][2]. Group 1: Investment and Strategic Importance - The investment in Wecan Token is a significant step towards enabling trusted KYC processes and digital identity services using blockchain technology [2]. - SEALSQ is establishing a dedicated reserve of Wecan Tokens to support its digital trust ecosystem and future integrations [2]. Group 2: Integration and Use Cases - By integrating Wecan Token with SEALSQ's WISeID platform, the company aims to enhance secure identity verification across regulated industries, including KYC compliance and digital onboarding [3]. - The Wecan Token serves as a utility token for secure digital signatures, consent management, and verified data sharing, facilitating legally binding digital transactions [5]. Group 3: Benefits for Financial Institutions - Financial institutions can benefit from reduced operational costs, enhanced security, and improved customer trust through seamless digital interactions enabled by the integration of Wecan Token [6]. - The use of verifiable credentials and blockchain-based identity proofs streamlines onboarding processes and minimizes manual verification efforts [8]. Group 4: Future Growth Potential - The Wecan Token has a capped supply of 6 billion tokens and is positioned to play a crucial role in next-generation digital services, particularly in identity management and digital signature workflows [7]. - SEALSQ's investment reflects a long-term belief in decentralized identity, aiming to set new standards for privacy and trust in the digital economy [8][9]. Group 5: Wecan Group Overview - Wecan Group, founded in 2015, specializes in blockchain-based solutions for secure data management, focusing on improving data handling efficiency for various sectors [9][11]. - Wecan Comply is a leading platform for orchestrating KYC and KYB compliance data, connecting financial institutions through a secure data exchange protocol [10].