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Metavesco Launches OTCfi Treasury Adoption Program for OTC Companies
Prnewswire· 2025-09-16 13:03
Core Viewpoint - Metavesco, Inc. has launched the OTCfi Treasury Adoption Program to encourage publicly traded OTC companies to incorporate OTCfi tokens into their balance sheets, aiming to enhance liquidity and opportunities within the OTC market [1][3]. Group 1: OTCfi Token Overview - OTCfi is branded as the "Community Token of the OTC," designed to serve as a digital asset treasury benchmark for OTC issuers, enhancing community alignment and visibility in retail trading channels [2]. - Early adopters of OTCfi include Metavesco and American Diversified Holdings Corporation, indicating initial traction within the market [2]. Group 2: Treasury Adoption Program Details - The Treasury Adoption Program invites OTC issuers to commit a portion of their treasury to OTCfi holdings, with early adopters receiving a 10% match on their treasury purchases, distributed after one year if they maintain their original allocation [3]. - The program is structured to reward long-term adopters and promote stability and alignment within the OTC community, as all treasury purchases must occur in the open market [3]. Group 3: Community Engagement and Recognition - Participating companies will be publicly recognized as adopters and featured in various community initiatives, such as OTC Money Mondays and the Weekly OTC Stock Picking Competition [4]. - The program aims to create a flywheel effect of adoption that increases visibility, strengthens narratives, and attracts liquidity for the entire OTC trading community [5]. Group 4: Company Background - Metavesco, Inc. is a diversified holding company focused on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services, with a commitment to long-term growth through strategic initiatives [6].
Here's 1 New Reason to Consider Buying Chainlink
Yahoo Finance· 2025-09-11 18:11
Core Insights - A significant capital accumulation by a company can alter asset performance by tightening supply and creating new demand for dips [1] Group 1: Company Actions - Caliber, a real estate asset management company, has made its first purchase of Chainlink tokens and plans to continue buying as part of a digital asset treasury program [2][5] - The initial purchase was a test, with intentions to build a substantial position funded by an equity line of credit, cash reserves, and sales of equity-based securities [5] - The strategy aims for long-term appreciation and yield generation through staking, which currently offers an annual yield of approximately 4.3% [5] Group 2: Market Implications - Caliber's new crypto treasury strategy positions it among businesses looking to accumulate digital assets, potentially influencing the market dynamics for Chainlink [6] - If other corporate buyers enter the market for Chainlink, it may drive prices higher as existing holders are incentivized to sell [6] - The presence of a long-term holder like Caliber could catalyze demand for Chainlink, especially as it plays a crucial role in connecting blockchains with traditional finance [7][8] Group 3: Token Economics - Chainlink has a total supply of 1 billion tokens, with approximately 680 million currently in circulation [10] - Scheduled supply releases are around 7% of the total supply per year, allowing investors to assess the balance between new issuance and demand from long-term accumulators [10]
Trump Media boosts CRO, converting Truth Gems to crypto with Truth Social integration
Yahoo Finance· 2025-09-09 15:56
Core Insights - Truth Social has integrated Cronos (CRO) tokens into its platform, enhancing the utility of the token and providing new engagement incentives for users [1][2] - The integration allows subscribers of the premium Patriot Package to convert accumulated Truth Gems into CRO tokens, expanding the use cases of CRO beyond traditional trading [2] - Crypto.com CEO highlighted this development as a significant milestone for the CRO ecosystem, indicating a strategy focused on increasing token demand through partnerships [3] Token Performance - Following the announcement, CRO experienced a price surge of over 4%, reaching a peak of $0.27 before settling at $0.25 [4] Strategic Partnerships - Trump Media & Technology Group (TMTG), the parent company of Truth Social, has entered into a purchase agreement with Crypto.com for 684.4 million CRO tokens, valued at approximately $105 million, which constitutes about 2% of the token's circulating supply [5] - TMTG has launched a new entity aimed at acquiring up to 19% of CRO's supply through a planned SPAC merger, establishing a dedicated digital asset treasury around CRO [6] Future Plans - Crypto.com is also involved in Trump Media's plans to develop digital asset exchange-traded products, with intentions to launch a suite of crypto-based ETFs later this year, pending regulatory approval [7]
Everything Blockchain (OTC: EBZT) Signs MOU with Flare to Explore XRP Yield Model After $100M Deployment by Nasdaq Peer
Globenewswire· 2025-08-29 15:00
Core Insights - Everything Blockchain Inc. (EBZT) has signed a memorandum of understanding with Flare Network to explore an XRP yield strategy, positioning itself as one of the first U.S. public companies to do so [1][2] - The partnership aims to unlock the financial utility of XRP, transforming it from a speculative asset into a yield-bearing instrument [5][10] - This initiative follows VivoPower's recent $100 million XRP deployment into Flare's ecosystem, marking a significant step in institutional treasury management [3][6] Company Strategy - EBZT plans to utilize Flare's FAssets and Firelight infrastructure to convert wrapped XRP (FXRP) into yield-generating positions while ensuring compliance and transparency [2][5] - The company aims to create a virtuous treasury cycle by generating yield through blockchain infrastructure and reinvesting proceeds to enhance its digital asset treasury [4][9] - EBZT is actively seeking partnerships with blockchain projects and token foundations to scale its digital asset treasury [8] Industry Context - The partnership highlights the increasing institutional credibility of the XRP ecosystem, with Flare Network achieving a Total Value Locked (TVL) of $236 million as of August 2025 [6] - The involvement of global stakeholders, including members of the Saudi royal family, in XRP-based corporate treasury structures indicates a rising trend in institutional asset allocation towards XRP and Flare [7]
Bit Digital (BTBT) Q2 2025 Earnings Transcript
The Motley Fool· 2025-08-15 19:58
Core Insights - Bit Digital has completed a significant transformation, pivoting to a dedicated Ethereum treasury and staking platform following the IPO of its former subsidiary, WhiteFiber [2][13][20] - The company aims to build one of the largest institutional Ethereum balance sheets in public markets while reducing its legacy Bitcoin mining exposure [14][23][35] Business Transformation - The IPO of WhiteFiber has allowed Bit Digital to focus on its Ethereum strategy, retaining approximately 74.3% ownership, which may reduce to 71.5% if the green shoe option is exercised [3][21] - The transition to Ethereum treasury and staking is expected to streamline operations and reduce costs significantly [10][41] Financial Performance - Total revenue for Q2 2025 was $25.7 million, with a notable decline in Bitcoin mining revenue to $6.6 million, down 59% year-over-year [5][27] - Cloud services revenue increased by 33% year-over-year to $16.6 million, while Ethereum staking revenue was $400,000, reflecting a slight decline [6][28] - Gross profit reached $12.5 million, resulting in a gross margin of approximately 49%, an improvement from the previous year [7][29] Ethereum Holdings and Staking - As of August 11, 2025, Bit Digital held approximately 121,000 ETH, a significant increase from 3,663 ETH at the end of Q2 2025 [3][23] - The company had about 105,000 ETH actively staked by August 11, with an annualized effective yield of approximately 3.1% [4][23] Strategic Outlook - Management plans to scale ETH holdings and optimize staking yield while maintaining a strong liquidity position, with total liquidity of approximately $273 million as of June 30, 2025 [8][31] - The company is exploring capital market alternatives to raise further capital for ETH purchases in a nondilutive manner [35][36] Regulatory Environment - Recent regulatory developments, including the Genius Act and the Clarity Act, are seen as positive steps toward broader institutional adoption of Ethereum [11][33][52] - The company believes that improved regulatory clarity will enhance Ethereum's role in digital payments and financial infrastructure [32][55]
Freight Technologies Secures up to USD $20 Million to Create an Official Trump Token ($TRUMP) Treasury
GlobeNewswire News Room· 2025-04-30 12:30
Core Viewpoint - Freight Technologies, Inc. (Fr8Tech) is strategically investing in Official Trump Tokens ($TRUMP) as part of its digital asset strategy, marking it as one of the first public companies to do so [1][2]. Group 1: Financial Strategy - Fr8Tech has entered into an agreement for the issuance of convertible notes with a facility of up to USD $20 million, specifically for purchasing Official Trump Tokens [1]. - The company plans to initially issue notes amounting to USD $1 million in the first tranche, with the potential for an additional USD $19 million in subsequent drawdowns [2]. Group 2: Market Positioning - The acquisition of FET Tokens, valued at approximately USD $8 million, is part of Fr8Tech's strategy to diversify its crypto treasury alongside the purchase of $TRUMP tokens [2]. - Fr8Tech aims to promote productive commerce between the United States and Mexico, highlighting Mexico as the top trading partner for the U.S. [2]. Group 3: Company Overview - Fr8Tech is a technology company focused on optimizing and automating supply chain processes through AI and machine learning, offering a range of proprietary platform solutions [4]. - The company's portfolio includes various services such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [4].