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X @Wendy O
Wendy O· 2025-07-22 20:12
Strategic Partnership - Windtree Therapeutics (WINT), a Nasdaq-listed biotech firm, partners with Kraken for crypto treasury management [1] - This marks the first Nasdaq-listed firm to directly hold BNB for treasury purposes [1] - The partnership aims to bridge traditional shareholders with DeFi on Binance Smart Chain [2] Treasury Management - Kraken will handle custody, trading, and OTC execution for Windtree's BNB assets [1] - Windtree's crypto treasury strategy focuses on BNB, valued at $200 million [1] - $60 million has already been raised, with plans for up to $140 million more [1] Regulatory and Shareholder Considerations - The move is pending shareholder and regulatory approval [2]
BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy
Prnewswire· 2025-07-14 12:46
Core Insights - BitMine has surpassed $500 million in Ethereum (ETH) holdings, exceeding the initial $250 million raised through a private placement by over 100% [1][2] - The company's current ETH holdings total 163,142 at a price of $3,072.67 per ETH [1] - The strategy aims to strengthen the broader Ethereum ecosystem and increase the company's stake in the Ethereum network [2][3] Company Strategy - The CEO of BitMine expressed satisfaction with the significant addition to the ETH treasury just three days after closing the private placement [3] - The company aims to increase ETH held per share through reinvestment of cash flows, capital markets activities, and staking yield [3] - BitMine's approach is compared to other companies like Microstrategy, which has benefited from large Bitcoin holdings, suggesting a similar potential for ETH treasuries [4] Business Operations - BitMine focuses on long-term investment in Bitcoin and Ethereum, with operations in low-cost energy regions [5] - The company engages in Bitcoin mining, synthetic Bitcoin mining, and advisory services related to Bitcoin [5]
Mercurity Fintech's Chaince Securities Appointed as Strategic Advisor for Classover's Solana-Focused Treasury Strategy
GlobeNewswire News Room· 2025-05-01 12:30
Core Insights - Mercurity Fintech Holding Inc. has been appointed as a strategic digital asset advisor for Classover Holdings Inc. to guide its new Solana-based treasury initiative [1][2] - Classover plans to allocate a significant portion of its proceeds towards acquiring, staking, and holding Solana (SOL) tokens as a core corporate reserve asset [2] - The partnership aims to position Classover at the forefront of institutional blockchain adoption, enhancing its financial foundation and creating long-term value for shareholders [2] Company Overview - Mercurity Fintech Holding Inc. is a digital fintech company focused on delivering innovative financial solutions while adhering to compliance and operational efficiency principles [3] - Chaince Securities, LLC is a FINRA-registered broker-dealer specializing in equity capital markets, investment banking, and asset management, with a commitment to building long-term client relationships [5] - Classover Holdings Inc. is a leader in educational technology, offering live online courses for K-12 students and focusing on personalized instruction and innovative course design [6][7] Strategic Initiatives - Classover's treasury strategy includes structuring and deploying a Solana-based treasury framework and supporting validator node operations to optimize staking rewards [6] - Chaince Securities will provide comprehensive digital asset services, including risk management and evaluating strategic blockchain partnerships [6] - The partnership is seen as a significant step for traditional companies adopting crypto treasury strategies, indicating a shift in corporate finance practices [2]