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DeFi Development Corp. Purchases 16,447 SOL, Becomes Leading Solana Treasury Company
Globenewswire· 2025-05-15 12:00
BOCA RATON, FL, May 15, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company") announced today the purchase of 16,447 Solana ("SOL") at an average price of $139.66 representing a total cost of approximately $2.3 million. At current market prices, the value of the purchased SOL is approximately $2.9 million. This marks the Company's 11th SOL purchase under its crypto treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 609,190 SOL, valued at appro ...
DeFi Development Corp. Reports First Quarter 2025 Financial Results and Provides Strategic Update on Solana Treasury Activity
Globenewswire· 2025-05-14 12:00
BOCA RATON, Fla., May 14, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (“DeFi Dev Corp” or the “Company”), a public-market vehicle focused on long-term Solana (“SOL”) accumulation, today announced financial results for the first quarter ended March 31, 2025, and provided a strategic update on recent treasury activity. Q1 2025 Financial Highlights: 379% year-over-year improvement in annual recurring revenue related to SaaS businessSaaS revenue of approximately $191,000, up 163% year-over-ye ...
GD Culture Group Limited Announces $300 Million Funding Commitment to Build Cryptocurrency Reserve of Bitcoin and Trump Coin
Globenewswire· 2025-05-12 13:15
Group 1 - GD Culture Group Limited ("GDC") has entered into a Common Stock Purchase Agreement to sell up to $300 million of its common stock [1] - Proceeds from the stock sale will support the Company's crypto asset treasury strategy, including the purchase of Bitcoin and OFFICIAL TRUMP [2] - GDC aims to enhance its balance sheet with high-performance digital assets and align with the decentralized finance (DeFi) ecosystem [3] Group 2 - The adoption of crypto assets as treasury reserve holdings is a strategic move reflecting industry trends and GDC's strengths in digital technologies and livestreaming e-commerce [4] - GDC's partnership with the Investor is expected to provide strong momentum for its initiatives and reinforce its leadership in blockchain-driven industrial transformation [4] - The Company plans to enter the livestreaming market with a focus on e-commerce through its subsidiary, AI Catalysis [5]
DeFi Development Corp. Purchases Record 172,670 SOL, Surpasses $100M in Treasury Holdings
Globenewswire· 2025-05-12 12:00
BOCA RATON, FL, May 12, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) announced today the purchase of 172,670 Solana (“SOL”) at an average purchase price of $136.81 and valued at approximately $23.6 million. This marks the Company’s 10th Solana purchase under its digital asset treasury strategy and the largest purchase to date. Following the transaction, DeFi Development Corp. now holds a total of 595,988 SOL, valued at approximately $102.7 million, inclusive of staking rewa ...
Hut 8 Subsidiary American Bitcoin Announces Go-Public Transaction
Globenewswire· 2025-05-12 10:30
Transaction designed to drive American Bitcoin’s capital markets access and growth trajectoryMIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreeme ...
“智汇黔行 算启未来”全球去中心化移动网络高峰论坛
Jin Tou Wang· 2025-05-12 03:53
SOLWAVE生态大中华区CEO陶俊杰发表主题演讲,深入阐释如何通过区块链、AI与去中心化通信技 术,构建无国界、低成本的全球移动网络生态。他强调:"SOLWAVE的愿景不仅是技术突破,更是生 态共创。" 活动现场,SOLWAVE生态全球启动仪式成为焦点。在倒计时中,嘉宾共同触发激光装置,宣告项目正 式上线这一里程碑标志着SOLWAVE迈入全球化技术落地阶段。 全球去中心化移动网络高峰论坛在贵阳成功举办,共绘算力共享生态新蓝图 5月10日,"智联数字经济未来 构建算力共享生态"全球去中心化移动网络高峰论坛再在"中国数谷"贵阳 隆重举行。本次活动汇聚了全球区块链、通信技术领域的顶尖专家、企业领袖及行业代表,共同探讨去 中心化移动网络与算力生态的前沿趋势,并见证了SOLWAVE生态全球启动等多项里程碑时刻。 SOLWAVE生态全球启航,AI与区块链重构移动网络 活动在民族舞蹈《苗韵》中拉开序幕随后,SOLWAVE全球副总裁约瑟夫·穆罕默德登台致辞。他表 示:"SOLWAVE致力于通过DePIN架构与AI技术,构建去中心化的全球移动网络生态,让用户从资源消 费者转变为网络共建者。" 深圳区块链信息行业联合会长王学宗 ...
ThreeD Capital Inc. Announces Joint Operating Agreement with Sheldon Inwentash to Monetize HyperCycle Digital Assets
GlobeNewswire News Room· 2025-05-09 21:00
Core Viewpoint - ThreeD Capital Inc. has entered into a Joint Operating Agreement with its CEO Sheldon Inwentash to monetize complementary digital assets, specifically HyperCycle tokens and masternodes, aiming to generate income through the HyperCycle decentralized AI computation ecosystem [1][2]. Group 1: Agreement Details - The Joint Operating Agreement involves ThreeD contributing 6,291,456 HyperCycle tokens valued at approximately $550,000 USD, while Mr. Inwentash contributes 12 HyperCycle masternodes of equal value [2]. - Each party retains beneficial ownership of their contributed assets, with ThreeD maintaining control of the HyperCycle tokens and Mr. Inwentash retaining ownership of the masternodes, which will be temporarily managed by ThreeD for operational purposes [3]. - Revenues and expenses from the Joint Operation will be shared equally (50/50) between ThreeD and Mr. Inwentash, with an income cap of $2,000,000 CAD, at which point the operation will terminate and assets will be returned [4]. Group 2: Regulatory and Compliance Aspects - The transaction is classified as a related party transaction under Multilateral Instrument 61-101, with exemptions from formal valuation and minority approval requirements due to the transaction's value being below 25% of the Company's market capitalization [5]. - The transaction is subject to approval from the Canadian Securities Exchange [6]. Group 3: Company Overview - ThreeD Capital Inc. is a publicly-traded Canadian venture capital firm focused on opportunistic investments in junior resources and disruptive technologies, aiming to invest in early-stage companies globally [7].
PSQ (PSQH) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:32
Financial Data and Key Metrics Changes - Revenue for Q1 2025 grew by 95% year over year to $6,750,000 compared to $3,470,000 in Q1 2024 [5][27] - Operating expenses decreased by 10% year over year from $16,100,000 in Q1 2024 to $14,400,000 in Q1 2025 [6][29] - Gross margin expanded to 58% in Q1 2025 from 43% in Q1 2024 [8][27] Business Line Data and Key Metrics Changes - The FinTech division contributed $3,050,000 to revenue, while the brand segment contributed $3,270,000 [5] - The Public Square marketplace added just over $400,000 in revenue [5] - Subscription orders in the EveryLife brand accounted for 68% or $2,200,000 of Q1 revenue, indicating strong repeat customer strength [23] Market Data and Key Metrics Changes - The buy now pay later segment saw a slight dip in originations volume due to seasonal shifts post-Christmas [12] - The database of prequalified applicants for the buy now pay later services grew by 198,196 in Q1 [13] Company Strategy and Development Direction - The company is focusing on integrating synergies between its payments and marketplace segments, emphasizing a Made in America product assortment [17][20] - The strategy includes leveraging AI tools to enhance underwriting and mitigate risks, which is seen as critical for future growth [16] - The company aims to turn operating cash flow positive by the end of 2025 while maintaining a focus on reducing operating expenses [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for their payment processing services, particularly from merchants facing cancellations from other providers [33] - The company anticipates significant revenue growth in the latter half of 2025 as it ramps up its marketplace and payment services [24] - Management highlighted the importance of grassroots marketing and community engagement as key drivers for growth [19] Other Important Information - The company has made strategic decisions to purchase leases and retain high-quality consumer receivables, totaling $1,100,000 in cash outflows [28] - A new line of credit is expected to reduce the cost of capital by approximately 50% by the end of Q3 2025 [17] Q&A Session Summary Question: Can you talk about the surprises, both favorable and unfavorable, on your payments rollout? - Management noted overwhelming demand for payment services, driven by merchants seeking reliable solutions after being dropped by other providers [32][33] - A challenge mentioned was the need for merchants to prioritize their technology replacements, which could slow down onboarding [36] Question: How should we think about your product pipeline and plans to move beyond baby and feminine hygiene? - Future product development is driven by customer feedback, with a focus on expanding into home essentials [40][42] Question: Could you talk about some of the cross-selling you've been working on? - Currently, 90% of synergies are from buy now pay later to payments, with plans to shift focus to marketplace merchants in the second half of the year [46][49] Question: What specific milestones or developments does Public Square anticipate could drive profitability? - Key milestones include onboarding signed GMV and the organic growth of the Public Square marketplace [62][63] Question: Will you ever accept Bitcoin as a form of payment on your platform? - Management expressed strong interest in exploring nontraditional payment methods, including Bitcoin and stable coins, as part of their future strategy [76][78]
Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner at Thiel Site
Globenewswire· 2025-05-08 13:00
AGYP advances gas-to-power site for sustainable Bitcoin mining operationsTrapped gas converted to energy for off-grid AI & data infrastructureThiel site prepares final testing and computing equipment deliveryNatural gas solutions support decentralized computing and edge centers CARROLLTON, Texas, May 08, 2025 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP) (”AGYP”), a Texas-based energy company focused on revitalizing underutilized domestic oil and gas resources, is pleased to provide a project up ...
Valour Launches Curve DAO (CRV) and Litecoin (LTC) ETPs on Spotlight Stock Market, Expands Nordic Presence and Reveals New Products in Roadmap to 100 ETPs
Globenewswire· 2025-05-07 11:30
Valour Launches CRV and LTC ETPs on Spotlight: Valour, a subsidiary of DeFi Technologies, has listed the Valour Curve DAO (CRV) and Valour Litecoin (LTC) SEK ETPs on Sweden’s Spotlight Stock Market, further expanding its Nordic footprint.Comprehensive Digital Asset Exposure: With over 65 ETPs live, Valour is advancing toward its 100 ETP goal with new single-asset, thematic basket, and leveraged products—including upcoming listings for Tron (TRX), Stellar (XLM), BTC 2x, and ETH 2x.Continued Product Innovatio ...