As filed with the Securities and Exchange Commission on December 22, 2025. Registration Statement No. 333-291156 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BNB Plus Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 50 Health Sciences Drive Stony Brook, New York 11790 631-240-8800 (Address, including zip code, and telephone ...

Core Viewpoint - The potential exclusion of Michael Saylor's Strategy from MSCI and other major stock indexes could lead to a significant loss in demand for its shares, estimated at up to $9 billion, and negatively impact the broader cryptocurrency sector [1][8]. Group 1: MSCI's Proposal and Industry Impact - MSCI proposed to exclude companies with digital asset holdings representing 50% or more of their total assets from its global benchmarks, arguing they resemble investment funds [2]. - The exclusion could lead to significant outflows from passive asset managers, who hold approximately 30% of a large-cap company's free float, which is particularly concerning for the digital asset treasury (DAT) industry [5]. - Analysts suggest that if MSCI excludes DAT companies, other index providers are likely to follow suit, potentially affecting the eligibility of DATs in equity indexes overall [4]. Group 2: Financial Implications for Strategy - Shares of Strategy, which began as MicroStrategy, saw a 3,000% increase after starting to buy bitcoin in 2020, but have since fallen about 43% this year due to a slump in cryptocurrency values [3]. - Analysts estimate that $2.5 billion of Strategy's market value is derived from MSCI, with an additional $5.5 billion from other indexes, indicating a substantial financial risk if excluded [8]. - JPMorgan projects that Strategy could face $2.8 billion in outflows if excluded from MSCI, escalating to $8.8 billion if removed from other indexes like the Nasdaq 100 and various Russell indexes [8]. Group 3: Industry Sentiment and Reactions - Strategy's leadership, including Michael Saylor, has downplayed concerns regarding potential exclusion, although they acknowledge that it could lead to $2.8 billion in stock liquidation and "chill" the industry [6]. - The proposed exclusion could effectively shut DATs out of the $15 trillion passive-investment market, significantly weakening their competitive position [7].

🔥 LATEST: Nasdaq-listed Mangoceuticals partners with Cube Group to form Mango DAT, targeting a $100M Solana digital asset treasury. https://t.co/w9z9Haqj9s ...

Core Insights - The company has announced a $100 million Solana-focused digital asset treasury strategy in partnership with Cube Group, aiming to leverage high-yield opportunities for sustainable growth [1][2][11] Group 1: Strategic Initiatives - The initiative positions the company at the forefront of institutional adoption within the Solana ecosystem, focusing on optimized entry points for long-term value creation [2][12] - The strategy is led by Cube Group, which has a proven track record in digital asset treasuries, and will manage custody, execution, and overall strategy for the company [3][4] - The company has filed a trademark application for "MULTI-DAT," indicating its strategic expansion into the digital asset sector, allowing for various financial activities including virtual currency transactions and investment portfolio oversight [5] Group 2: Digital Asset Treasury 2.0 Strategy - The strategy includes evaluating corporate treasury allocations into established digital assets to diversify holdings and enhance balance-sheet efficiency [8] - It explores participation in tokenized real-world assets to gain liquidity and transparency in a regulated environment [8] - The company plans to integrate regulated stablecoins for treasury management and cross-border activities, aiming to streamline operations and advance its core business [8] Group 3: Yield and Growth Model - The strategy aims for annualized SOL staking yields of 7-8%, with active management targeting yields of 8-20% [16] - The company emphasizes a non-dilutive growth model, utilizing Solana's staking mechanisms to enhance shareholder value without diluting existing shares [9][10] - The initiative is designed to generate superior risk-adjusted returns and contribute to the broader adoption of digital assets in mainstream finance [12]

Core Insights - FG Nexus Inc. has repurchased approximately 7.0 million shares of its common stock at an average price of $3.17 per share from October 23, 2025, to December 17, 2025, representing over 16% of its outstanding shares at a substantial discount to net asset value [1][3] - As of December 17, 2025, the company holds 40,088 ETH and cash and USDC holdings of approximately $25.2 million, with total debt outstanding at $11.9 million and a net asset value per share of approximately $3.53 [2][3] - The company aims to enhance its treasury yield by staking its ETH and implementing additional yield strategies while positioning itself as a strategic gateway into digital-asset-powered finance [4] Stock Buyback Program - The stock buyback program has successfully repurchased 7.0 million shares, which is over 16% of the outstanding shares, at an average price of $3.17 per share [1][3] - The company plans to continue buying back shares below net asset value while maintaining a strong ETH and cash balance [3] Financial Position - As of December 17, 2025, FG Nexus holds 40,088 ETH and approximately $25.2 million in cash and USDC [2] - The total debt outstanding is reported at $11.9 million, with outstanding shares of common stock totaling 36.5 million [2] - The net asset value per share is approximately $3.53, indicating a potential opportunity for investors [2] Strategic Focus - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets [4] - The company plans to stake its ETH and implement additional yield strategies to enhance treasury yield [4]

Download the Complete Report Here By Brandon Hornback SOL Strategies Inc. (NASDAQ: STKE) is the premiere play on Solana’s (SOL) accelerated growth, packaged as an easily-accessible public equity. After a broad-based selloff in shares of digital asset treasury (DAT) companies,STKE presents a rare opportunity to own a compelling business at a price that may not last long. The company commands a large and growing holding of SOL, a yield-rich digital asset. STKE now holds 526,600 SOL on its balance sheet and ...

🇺🇸 BULLISH: US firms now dominate the digital asset treasury space. https://t.co/0LjM1uTPuw ...

Core Insights - Hyperscale Data Inc. has a Bitcoin treasury valued at approximately $75.5 million, which constitutes about 97.5% of its market capitalization as of December 14, 2025 [1] - The company aims to hold Bitcoin equal to 100% of its market capitalization as part of a broader $100 million digital asset treasury strategy [2] Group 1: Bitcoin Holdings - Hyperscale Data's subsidiary, Sentinum Inc., held approximately 498.46 Bitcoin as of December 14, including 69.68 Bitcoin from mining and 428.79 Bitcoin acquired on the open market, valued at around $44 million at a Bitcoin price of $88,175 [3] - The company has allocated an additional $31.5 million in cash for future Bitcoin purchases, employing a dollar-cost averaging strategy to mitigate short-term market volatility [4] Group 2: Strategic Focus and Milestones - Executive Chairman Milton "Todd" Ault III highlighted the achievement of 97.5% market capitalization as a significant milestone, emphasizing the company's commitment to Bitcoin accumulation despite price fluctuations [5] - The company targets deploying at least 5% of its allocated cash weekly for Bitcoin purchases, with plans to provide weekly updates on its Bitcoin holdings as it works towards its $100 million digital asset treasury target [5]

Core Insights - Caliber has selected StoneX as an institutional platform for trading and custody to support its Digital Asset Treasury (DAT) Strategy, enhancing its capabilities in digital asset management [1][2] - Caliber aims to provide differentiated exposure to Chainlink's Token, LINK, through disciplined accumulation and long-term holding, reinforcing its position in both real asset investing and blockchain infrastructure [2][3] Company Overview - Caliber is a diversified real estate and digital asset management platform with over $2.7 billion in managed assets and a 16-year track record in private equity real estate investing [3] - In 2025, Caliber became the first U.S. public real estate platform to launch a Digital Asset Treasury strategy centered on Chainlink (LINK), allowing investors to participate through publicly traded equity and private real estate funds [3] Strategic Partnership - StoneX will provide Caliber with access to deep liquidity and institutional-grade custody, leveraging its infrastructure trusted by major financial institutions [1][2] - StoneX Digital, launched in June 2022, focuses on providing institutional clients with advanced digital asset trading tools and market access, aligning with the growing demand for regulated digital asset services [4][5]

Core Insights - Caliber has staked 75,000 LINK tokens with a leading Chainlink node operator, marking its first direct involvement in the Chainlink Network's infrastructure [1][2][3] - The staking is part of Caliber's Digital Asset Treasury (DAT) strategy, aimed at providing public equity investors with transparent exposure to digital finance infrastructure [3][4] - Caliber expects to earn a token-denominated yield from its staked LINK while retaining possession and control of the tokens [2][3] Company Strategy - The staking initiative is a significant milestone in Caliber's DAT strategy, which focuses on actively supporting Chainlink's growth rather than passive holding of LINK [3][4] - By partnering with node operators, Caliber aims to participate in the economic value generated from the transformation of traditional finance to on-chain systems [5] - The company has a legacy of identifying misunderstood opportunities and aims to secure the core routing layer for modernizing global finance [5] Market Context - As of the announcement, the cumulative transaction value enabled by Chainlink's services reached $27 trillion, indicating substantial market activity [5] - Caliber's initiative positions it as an early participant in the evolving landscape of digital finance, with expectations of increased institutional support for node operators as the network matures [5][6] - The move reflects a broader trend of integrating traditional finance with blockchain technology, which is seen as a transformative shift in the industry [4][5]