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Bitcoin Purchases to be made by SolarBank Using Net Cash from Geddes Solar Power Project
Prnewswire· 2025-06-05 12:00
Core Insights - SolarBank Corporation is implementing a Bitcoin treasury strategy by allocating net cash from its Geddes Solar Power Project to acquire Bitcoin, positioning itself as a pioneer in the renewable energy sector adopting this strategy [1][4][7] - The Geddes Project has a designed capacity of 3.79 megawatts (MW) DC and is repurposing a closed landfill, addressing clean energy needs and transforming contaminated sites [3][8] - The company has a development pipeline exceeding 1 gigawatt, indicating significant growth potential beyond its current operational capacity of over 32 MW [3][10] Company Strategy - The Bitcoin treasury strategy will be evaluated for extension to other solar and battery energy storage projects, enhancing the company's asset base as an independent power producer [2] - The allocation strategy for Bitcoin purchases will depend on net cash generated after operational costs and market conditions, with no Bitcoin purchases made as of the announcement date [5][8] Market Position - SolarBank is among the first renewable energy companies to adopt a Bitcoin treasury strategy, joining other corporations in this innovative approach [7] - The company is capitalizing on growing institutional adoption of Bitcoin and increasing demand for distributed solar and battery storage solutions [9] Financial Model - The Geddes Project is expected to generate revenue starting in June 2025, with a portion of net revenue allocated to Bitcoin purchases based on market conditions [3][8] - This model creates dual value streams: stable energy revenue and digital asset holdings, enhancing the company's financial resilience [8]
K Wave Media, Inc. (纳斯达克股票代码:KWM) (以下简称“K Wave”或“公司”) 宣布签订 5 亿美元股权购买融资协议以支持比特币财资战略
Globenewswire· 2025-06-05 06:00
KWM 宣布战略目标:将效仿 2024 年全球表现最佳股票 Metaplanet Inc.(回报率超过 4000%)的模式,立志成为“韩国的 Metaplanet”纽约和韩国首尔, June 05, 2025 (GLOBE NEWSWIRE) -- 韩国首家在纳斯达克上市的媒体联盟 K Wave Media, Inc. (纳斯达克股票代码:KWM) (以下简称“K Wave”或“公司”) 今日宣布,公司已与 Bitcoin Strategic Reserve KWM LLC 签订了证券购买协议,规定公司出售至多 5 亿美元的普通股。 此次融资所得款项将用于支持公司以比特币为中心的数字资产财资战略,以及营运资金和并购活动,进一步拓展其内容和 K-POP 相关业务。 根据该计划,在特定限制条件下,K Wave 将把此次融资出售股票所得款项的相当一部分用于购买、长期持有比特币 (BTC) 并优化其收益——这使其成为首批将比特币直接纳入核心财资运营的上市媒体公司之一。 此外,公司计划运营比特币 Lightning Network 节点,并投资比特币原生基础设施,以增强去中心化并获取链上交易奖励。 K Wave 致力于 ...
SolarBank Announces Bitcoin Treasury Strategy
Prnewswire· 2025-06-03 13:51
Core Viewpoint - SolarBank Corporation is adopting a treasury strategy that integrates Bitcoin as a strategic reserve asset, inspired by successful models from other companies, aiming to leverage the growing adoption of Bitcoin while maintaining its primary focus on renewable energy development [1][2]. Company Strategy - The company has filed an application with Coinbase Prime for secure custody and management of its Bitcoin holdings, which is expected to provide financial resilience against currency debasement and inflation [1][3]. - SolarBank's primary business remains as a renewable energy developer and power producer, with a significant pipeline of over 1 GW in development across North America [2]. Financial Partnerships and Projects - SolarBank has established a $100 million community solar financing partnership with CIM Group, targeting 97 MW of renewable power projects in the USA [4]. - The company has also engaged in a $49.5 million transaction with Qcells to deploy community solar power plants using "Made-in-USA" solar panels [4]. - Additionally, a $41 million clean energy partnership with Honeywell aims to repurpose closed landfill sites for community solar farms [4]. - A $25 million credit facility from Royal Bank of Canada is intended to support SolarBank's battery energy storage system (BESS) project portfolio [4]. Market Position and Growth - SolarBank is positioned as a first-mover in blending clean energy with decentralized finance (DeFi) and Web3, appealing to tech-savvy investors and capitalizing on the growth of the renewable energy sector [4]. - The company generates recurring revenue through long-term Power Purchase Agreements (PPAs) with utilities and partners, enhancing its financial stability [2].
DeFi Development Corp. Delivers Record Month with Key Integrations, Treasury Growth, and Institutional Partnerships
Globenewswire· 2025-06-02 23:30
Core Insights - DeFi Development Corp. reported a record-setting May 2025, highlighting advancements in validator infrastructure, treasury growth, and strategic integrations [1][2][3] Group 1: Company Strategy and Operations - The company has adopted a treasury policy focused on accumulating and compounding Solana (SOL), providing investors with direct economic exposure to SOL while participating in the Solana ecosystem's growth [4] - DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is actively engaged in decentralized finance (DeFi) opportunities [4] - The company aims to differentiate itself from other crypto vehicles by compounding SOL exposure per share over time, establishing itself as a pioneering Solana treasury strategy [3] Group 2: Recent Achievements - In May 2025, DeFi Development Corp. achieved its largest monthly SOL purchase, reinforcing its strategy to build a leading publicly traded Solana treasury [8] - The company announced a validator partnership with Bonk, Solana's largest memecoin community, expanding its network of revenue-generating validators [8] - A letter of intent was signed with Kamino Finance, the largest DeFi lending protocol on Solana, to integrate the dfdvSOL liquid staking token [8] - As of May 31, 2025, the company's treasury held a record 621,313 SOL, marking its largest holding to date [8]
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].
Webus Signs up to $300 Million XRP Treasury Management Agreement with Top-Tier Manager Samara Alpha, Making a Major Step in Its XRP Treasury Strategy
Globenewswire· 2025-06-02 12:00
Core Insights - Webus International Limited has signed a Delegated Digital-Asset Management Agreement with Samara Alpha Management LLC to establish a strategic framework for future digital asset treasury operations [1][2] - The agreement designates Samara Alpha as the exclusive delegated manager for Webus's digital assets, with a management cap of up to US$300 million [2] - The implementation of the agreement will occur in phases, with the management mandate becoming effective only upon the actual transfer of digital assets to designated custody wallets [3] Company Overview - Webus International Limited specializes in AI-driven mobility solutions, focusing on premium, customizable chauffeur services globally [5] - The company operates under the "Mobility-as-a-Service" (MaaS) model, providing personalized transportation experiences with a fleet of luxury vehicles and professional chauffeurs [5] - The flagship brand "Wetour" offers high-end customized travel services, including airport transfers and luxury-chartered services for both leisure and business travelers [6] Management Commentary - The CEO of Webus emphasized that the agreement provides a clear structure for trusted digital asset management and strategic optionality while maintaining prudent controls [4] - The Chief Investment Officer of Samara Alpha highlighted their institutional approach to digital asset management, focusing on rigorous risk management and specialized expertise [4]
DigiAsia (FAAS) Appoints D. Boral Capital as Placement Agent for $100M Strategic Bitcoin Treasury Raise
Newsfile· 2025-06-02 11:00
DigiAsia (FAAS) Appoints D. Boral Capital as Placement Agent for $100M Strategic Bitcoin Treasury RaiseJune 02, 2025 7:00 AM EDT | Source: DigiAsia CorpNew York, New York--(Newsfile Corp. - June 2, 2025) - DigiAsia Corp. (NASDAQ: FAAS) ("DigiAsia" or the "Company"), a technology-first fintech platform, today announced that it has appointed D. Boral Capital as exclusive placement agent for its proposed capital raise of up to $100 million. The capital will be allocated to establish and manage Di ...
Trump Media Closes Bitcoin Treasury Deal
Globenewswire· 2025-05-30 15:24
Company Launches Far-Reaching Bitcoin Treasury Strategy SARASOTA, Fla., May 30, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that it has closed its previously announced private placement offering (“the Offering”) with approximately 50 institutional investors. The Offering consisted of the sale of (i) ...
KULR Expands Bitcoin Holdings to 800 BTC, Reports 220.2% BTC Yield
Globenewswire· 2025-05-20 12:30
This strategic move aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin. BTC Yield as a Key Performance Indicator Year to date, KULR has achieved a BTC Yield of 220.2%, leveraging a combination of surplus cash and its At- The-Market (ATM) equity program to fund acquisitions. KULR uses "BTC Yield" as a key performance indicator (KPI) for its Bitcoin Treasury strategy. BTC Yield is calculated as ...
BitMine Launches Bitcoin Treasury Advisory Practice and Enters into $4M Transaction with First BTC Treasury Advisory Client
Globenewswire· 2025-05-19 20:15
Core Insights - BitMine Immersion Technologies, Inc. has launched a Bitcoin Treasury Advisory Practice and completed a $4 million strategic transaction with a U.S. exchange-listed company [1][2] - The company is offering "Mining as a Service" (MaaS) to its strategic partner and plans to extend this service to other companies holding Bitcoin [1][3] - The strategic agreement includes leasing 3,000 Bitcoin ASIC miners for $3.2 million, with $1.6 million paid upfront, and an additional $800,000 consulting agreement for one year [2][3] Company Overview - BitMine focuses on Bitcoin mining, Synthetic Bitcoin Mining, and providing advisory services to companies interested in Bitcoin-denominated revenues [5] - The company operates in low-cost energy regions, including Trinidad and Texas [5] Market Context - Nearly 100 public companies have adopted Bitcoin as a treasury holding, with expectations for this number to grow [4] - The CEO of BitMine highlighted that the current transaction exceeds the company's entire revenue for the 2024 fiscal year, indicating strong growth potential in the Bitcoin advisory market [4]