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Matador Technologies Receives Final Approval for Change of Business – Clearing the Way for Bitcoin Ecosystem Strategy
Globenewswire· 2025-07-02 11:30
Core Insights - Matador Technologies Inc. has received final approval from the TSX Venture Exchange to transition to a hybrid "Technology / Investment" issuer, enabling it to operate flexibly within the Bitcoin economy [2][3][5] - The company now holds 77.4 Bitcoin and Bitcoin equivalents, including a recent acquisition of 8.4 BTC for CAD$1.2 million, and maintains a disciplined capital base of approximately CAD$5.3 million [5][6] - Matador is pursuing a strategic investment in HODL Systems, a digital asset firm in India, aiming for a 24% ownership stake, which is subject to TSXV approval [8][18] Business Strategy - The approval allows Matador to execute its strategy of scaling Bitcoin holdings, investing in Bitcoin infrastructure, and developing related digital asset technologies [3][4][12] - The company plans to deploy capital into Bitcoin-native technologies and markets, focusing on treasury management, custody, synthetic mining, and tokenization [13][12] - Matador's balance sheet reflects its core thesis that sound money infrastructure is essential for the next generation of financial services [7] Market Expansion - India is identified as a strategic market for Matador, with significant growth potential in technology infrastructure and digital financial services [9][11] - The investment in HODL Systems positions Matador to leverage India's growing investor base and interest in financial innovation [10][18] - The company aims to monetize its balance sheet through synthetic mining and yield generation while expanding its global footprint [12][13] Leadership and Governance - Matador's strategic direction is supported by a seasoned leadership team and a Strategic Advisory Board, including industry veterans [14] - The current Vice-President of Finance, Geoff St. Clair, will continue in his role, bringing extensive experience in finance and corporate development [15][16]
Digital Asset Technologies Appoints Alexander Kravets to Advisory Board
Globenewswire· 2025-07-02 11:30
VANCOUVER, BC, July 02, 2025 (GLOBE NEWSWIRE) -- Digital Asset Technologies Inc. (CSE: DATT) (OTCPK: EATBF) (FSE: 988) (“DATT” or the “Company”), a technology focused investment issuer, is pleased to announce that Alexander Kravets has joined its Advisory Board. Mr. Kravets brings a deep background spanning Wall Street trading, fintech innovation, and cryptocurrency market leadership. A seasoned trader and technology entrepreneur, Alexander founded the U.S. operations of CEX.IO in 2018, establishing it as o ...
X @Bloomberg
Bloomberg· 2025-07-02 11:16
Banca Sella is running an internal pilot to test custody of digital assets like stablecoins https://t.co/9PeFdGkZhi ...
X @Cointelegraph
Cointelegraph· 2025-07-02 01:30
🇺🇸 JUST IN: Arizona Governor Katie Hobbs has vetoed the state’s digital assets reserve fund bill HB2324.She claimed the bill would prevent local law enforcement from cooperating with the state on digital asset forfeiture by removing seized assets from local jurisdictions. https://t.co/d4LI2j8ASH ...
X @Bloomberg
Bloomberg· 2025-07-02 00:45
Binance, the world's largest digital-assets exchange, will keep hundreds of its remote workers in Singapore despite a crackdown on unlicensed crypto outfits in the city-state https://t.co/TvIrb1UxQo ...
X @Bloomberg
Bloomberg· 2025-07-01 22:10
Binance, the world's largest digital-assets exchange, will keep hundreds of its remote workers in Singapore despite a crackdown on unlicensed crypto outfits in the city-state https://t.co/ErzYdAnSeW ...
X @CoinDesk
CoinDesk· 2025-07-01 20:35
We are thrilled to see SEC approval, paving the way for this Grayscale fund, benchmarked to the CoinDesk 5 Index, to be uplisted as an ETF, and enabling investors and advisors to capture the largest and most liquid digital assets in a single product.Full story by @HeleneBraunn:https://t.co/pUiHgZPelX ...
Bit Digital, Inc. Announces Full Exercise of Underwriters' Option to Purchase Additional Ordinary Shares
Prnewswire· 2025-07-01 20:01
NEW YORK, July 1, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced that the underwriters of its recent underwritten public offering have fully exercised their option to purchase an additional 11,250,000 ordinary shares, resulting in additional net proceeds to the Company of approximately $21.4 million, before estimated offering expenses. The exercise of the option closed on July 1, 2025.After giving effect to the full exercise of the underwriters' optio ...
Dogecoin Cash Inc. (OTCQB: DOGP) Forms Dogecoin Treasury, Inc. to Support Development of Dogecoin-Related Tools and Infrastructure
Globenewswire· 2025-07-01 14:53
Core Viewpoint - Dogecoin Cash Inc. has established a new subsidiary, Dogecoin Treasury, Inc. (DTI), to develop and manage software tools and infrastructure related to Dogecoin, including the ongoing development of the Dogecoin Protocol [1][2][3] Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) is a publicly traded company involved in digital asset development and operates PrestoDoctor, a leader in medical cannabis telemedicine [4] - The company holds the first patented cannabis strain and a patented cannabis lozenge for hypertension treatment, focusing on cannabis product development and licensing [4][5] Business Segments - The core business segments include cannabis telemedicine and the development of cannabis-based products, with an emphasis on expanding the product portfolio through strategic licensing and partnerships [5] - The company is exploring blockchain technology and decentralized finance (DeFi) applications to enhance transparency and efficiency in cannabis supply chains [6] Strategic Initiatives - Dogecoin Cash, Inc. is actively pursuing strategic mergers, acquisitions, and joint ventures to strengthen its position in both the cannabis and blockchain sectors [7] - The company aims to broaden its investor base and enhance shareholder value through market expansion and diversification of revenue streams [8] Future Vision - The long-term vision of Dogecoin Cash, Inc. includes leveraging blockchain for real-world applications, such as traceability in the cannabis industry and DeFi lending solutions [9]
CORRECTION: SharpLink Gaming Increases ETH Treasury Holdings to 198,167; Staking Rewards Yield 222 ETH Since June 2, 2025
Globenewswire· 2025-07-01 13:52
Core Viewpoint - SharpLink Gaming, Inc. has strategically increased its Ethereum holdings and is positioning itself as a leader in the digital economy by embedding Ethereum into its capital strategy [1][3][7] Group 1: Ethereum Holdings and Financial Strategy - SharpLink has increased its total Ethereum holdings to 198,167 ETH, acquiring an additional 9,468 ETH for $22,825,734 at a weighted average price of $2,411 per ETH during June 23-27, 2025 [1] - The company raised approximately $24.4 million in net proceeds through its At-The-Market facility by selling 2,525,637 shares, with a majority of the proceeds aimed at further increasing its ETH treasury holdings [2] - As of June 30, 2025, 100% of SharpLink's ETH reserves have been deployed in staking protocols, earning 102 ETH in rewards during June 21-27, 2025 [3] Group 2: New Reporting Metrics and Performance - SharpLink introduced a new reporting metric called "ETH Concentration," calculated by dividing the number of ETH held by 1,000 assumed diluted shares outstanding [4] - The initial ETH Concentration was 2.00 ETH and has increased by 17.7% to 2.35 ETH as of June 27, 2025 [5] Group 3: Investor Relations and Strategic Partnerships - SharpLink has engaged Elevate IR as its investor relations agency to develop a comprehensive communications strategy tailored to the company's evolving priorities [6] - The CEO emphasized that Ethereum is not just a treasury asset but a foundational element for the next generation of capital management and online gaming infrastructure [7] Group 4: Industry Positioning and Future Vision - SharpLink aims to transform the multi-billion-dollar iGaming industry into a more dynamic and equitable ecosystem by leveraging smart contracts, DeFi protocols, and Web3 infrastructure [8]