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Sharps Technology and Pudgy Penguins Announce Strategic Partnership
Prnewswire· 2025-09-10 20:01
Core Insights - Sharps Technology has formed a strategic partnership with Pudgy Penguins to enhance exposure and connectivity within the Solana digital asset treasury space [1][3] - Pudgy Penguins is recognized as a leading brand in the crypto space, with significant cultural impact and institutional recognition [2][4] - The partnership aims to integrate Pudgy Penguins' intellectual property with Sharps Technology's Solana treasury, creating new engagement opportunities for both retail and institutional audiences [4][5] Company Developments - Sharps Technology has recently acquired over 2 million SOL, valued at over $400 million, through a private investment in public equity (PIPE) transaction [3][10] - The company is focused on a digital asset treasury strategy that aims to accumulate SOL, leveraging capital markets to generate consistent on-chain yield [9][10] - The partnership with Pudgy Penguins is seen as a milestone in executing Sharps Technology's differentiated digital asset treasury strategy [3][4] Brand Recognition - Pudgy Penguins has achieved over 220 billion content views and has established partnerships with major brands such as NASCAR, Walmart, and Lotte [2] - The brand is often referred to as the "internet's Mickey Mouse" and has gained significant traction in the Web3 space [2][11] - The collaboration is expected to accelerate institutional adoption of the Pudgy Penguins brand, enhancing its cultural relevance [4][5]
Yorkville, Now Trading as $MCGA, Pulls Back the Curtain on Unprecedented Planned Business Combination
Globenewswire· 2025-09-10 12:30
Core Viewpoint - The proposed business combination between Yorkville Acquisition Corp. and Trump Media & Technology Group Corp. aims to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring the CRO cryptocurrency token from the Cronos ecosystem [2][4][22]. Group 1: Business Combination Details - Yorkville Acquisition Corp. will be renamed Trump Media Group CRO Strategy, Inc. upon the closing of the business combination [2][4]. - The business combination involves Yorkville Acquisition Corp., Trump Media, and Crypto.com, with the goal of creating a publicly listed CRO-focused digital asset treasury company [2][3]. - The transaction is subject to customary closing conditions, and there are no assurances that the closing will occur [4][18]. Group 2: Strategic Focus and Funding - The founding partners are pursuing a pure play digital asset treasury strategy, allowing for a higher percentage of capital to be allocated to acquiring CRO tokens [6][7]. - The expected funding structure includes over $400 million in cash and a $5 billion equity line of credit, creating a potential total funding package of $6.42 billion [8][15]. - The strategy aims to accumulate and actively manage a digital asset treasury composed of CRO tokens, with a focus on yield-generating assets [17][22]. Group 3: Unique Aspects of CRO - CRO is positioned as a high-performance, interoperable blockchain designed for speed and scalability, making it suitable for decentralized applications [11]. - Unlike Bitcoin, which is primarily a store of value, CRO has functional roles within its ecosystem, including securing the network and facilitating decentralized applications [12]. - The integration of CRO with platforms like Truth Social is expected to enhance its utility and create engagement-based rewards systems [9][11]. Group 4: Ownership and Governance - Following the business combination, Trump Media Group CRO Strategy, Inc. will be majority-owned by the founding partners, including Trump Media and Crypto.com [18]. - Founding partners have agreed to a one-year lock-up on their shares, ensuring alignment with long-term shareholders [19][20]. Group 5: Advisors and Legal Framework - Clear Street is serving as the exclusive capital markets advisor, while DLA Piper LLP and Skadden, Arps, Slate, Meagher & Flom LLP are providing legal counsel [21]. - Yorkville Acquisition Corp. plans to file a Registration Statement with the SEC, which will include a preliminary proxy statement and prospectus related to the business combination [28].
CEA Industries ($BNC) Expands Holdings to 418,888 BNB ($368M USD), Strengthening Position as World's Largest BNB Treasury
Globenewswire· 2025-09-10 12:10
Core Insights - CEA Industries Inc. has purchased an additional 30,000 BNB tokens for $26 million, increasing its total holdings to 418,888 BNB valued at $368 million, solidifying its position as the largest corporate BNB treasury globally [1][2] - The company aims to own 1% of BNB's total supply by the end of 2025, which would enhance its influence in the digital asset markets [2] - CEO David Namdar highlighted a significant capital shift into digital asset treasuries, estimating a range of $100–200 billion, with BNB positioned as a key player in this transition [3] Company Strategy - CEA Industries focuses exclusively on BNB, allowing it to leverage network effects and participate in on-chain yield strategies, aligning with the long-term growth of the BNB ecosystem [4] - If the company's treasury plan is fully executed, including potential warrants that could yield up to $750 million, BNC's BNB holdings could surpass $1.25 billion, establishing one of the largest digital asset treasuries [5] Market Position - BNB has shown strong performance, achieving its highest monthly average and trading close to all-time highs, indicating robust activity within the BNB Chain ecosystem [3] - BNB is currently the leading blockchain by daily active users and decentralized trading volume, with over $12 billion in total value locked [3]
X @Andy
Andy· 2025-09-07 23:02
Recorded with Canary Capital CEO & Injective CEO this week to cover:- Steven's October Timeline for 20-50 Crypto ETF Approvals- Why Staking ETFs Beat Non-Staking Versions- How Treasury Companies Are Outperforming ETFs- The Good vs Bad Digital Asset Treasury Playbookhttps://t.co/R6MiIUFsdK ...
Yorkville Acquisition Corp. Announces Ticker Symbol Change to “MCGA” Ahead of Trump Media Group CRO Strategy, Inc. Listing
Globenewswire· 2025-09-05 16:30
Group 1 - Yorkville Acquisition Corp. will change its name to Trump Media Group CRO Strategy upon the completion of the business combination with Trump Media & Technology Group Corp. and Crypto.com [2][5] - The new ticker symbol for Yorkville Acquisition Corp. will be "MCGA" starting September 8, 2025, with the corresponding symbols for publicly-traded units and warrants being "MCGAU" and "MCGAW" respectively [1][3] - Trump Media Group CRO Strategy aims to strategically invest in digital asset ecosystems, focusing on the acquisition and management of the native cryptocurrency token of the Cronos ecosystem, known as CRO [4][2] Group 2 - Trump Media operates platforms such as Truth Social and Truth+, which aim to provide a safe space for free expression and family-friendly content, respectively [7] - Crypto.com, founded in 2016, is recognized for its regulatory compliance and security, with a vision of making cryptocurrency accessible to everyone [8] - The business combination is intended to create a digital asset treasury company that connects traditional investment opportunities with digital assets [4][2]
TONX (Formerly Verb) Exec Chairman Featured on CNBC ‘Squawk Box’ Asia
Globenewswire· 2025-09-04 12:30
Core Insights - The company, formerly known as Verb Technology Company, has rebranded to TON Strategy Company and began trading as TONX on the Nasdaq Capital Market on September 2, 2025 [2] - TONX's strategy focuses on accumulating Toncoin ($TON) and providing public market equity investors access to this unique asset class, leveraging its integration with Telegram, a platform with one billion users [3][4] Company Strategy - The company aims to steadily expand its $TON treasury through various means, including capital raising transactions, staking rewards, and open market purchases [4] - TONX positions itself as a significant infrastructure provider within the TON blockchain ecosystem, capitalizing on its unique integration with Telegram for digital wallets, payments, and applications [3] Legacy Operations - In addition to its digital asset strategy, the company continues to operate legacy business units such as MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, which focuses on AI-powered social commerce [5]
X @Bankless
Bankless· 2025-09-02 15:15
Company Overview - ETHZilla, formerly 180 Life Sciences Corp, pivoted to Ethereum and rebranded in early August [1] - The company secured $425 million via a private investment (PIPE) with over 60 investors [1][6] - Peter Thiel's Founders Fund holds 75% of ETHZilla, acquiring 116 million shares [4] Treasury Management & Strategy - ETHZilla partnered with Electric Capital for yield management, initially holding 82186 ETH on August 12 [2] - As of August 27, ETHZilla holds 102237 ETH, bought at $394872 for $403 million, now valued at $466 million [3] - The company's onchain strategy leverages Electric's infrastructure for yields up to 15%, surpassing traditional options [4] - ETHZilla aims to be a top-3 ETH treasury, focusing on long-term ETH growth and yields [5] DeFi Focus & Opportunities - ETHZilla's strategy includes daily ETH purchases via ATM sales and a $250 million buyback for shares above NAV [6] - The company views DeFi's current phase as a "2005-08 sweet spot," scaling protocols like Aave, Uniswap, and Lido [7] - ETHZilla's DeFi-centric approach aims to weather market shakeouts by funding liquidity pools and reinforcing Ethereum's infrastructure [7]
X @Easy
Easy· 2025-09-02 13:38
Another HUGE day for Digital Asset Treasury Companies.Have seen a handful of people say Solana was the clear trade after ETH treasuries, and the obvious BTC Treasuries.But we are now seeing it play out in REAL TIME.$STSS just became the LARGEST holder of Solana by a publicly traded company.I'm excited to continue to work alongside @stsssol to bring more eyes to their DAT, as it is the LARGEST Solana holder for ALL digital asset treasury companies.Holding over $400 MILLION dollars worth of Solana.STSSsol (@s ...
Caliber Appoints Michael Trzupek to Lead Governance on Crypto Advisory Board
Globenewswire· 2025-09-02 11:30
Core Insights - Caliber has established a Crypto Advisory Board (CCAB) to oversee its Digital Asset Treasury (DAT) Strategy, focusing on accumulating LINK tokens for long-term value and yield generation [1][3] - Michael Trzupek has been appointed as the first member of the CCAB, bringing extensive experience in finance and blockchain infrastructure [1][2][3] - The DAT Strategy aims to strengthen Caliber's balance sheet and connect traditional real estate markets with the digital financial ecosystem [3][4] Company Overview - Caliber (NASDAQ: CWD) is an alternative investment firm managing over $2.9 billion in assets, specializing in hospitality, multi-family residential, and industrial real estate [4] - The company launched its Digital Asset Treasury strategy in 2025, focusing on LINK, the token associated with Chainlink's blockchain infrastructure [4] Leadership and Strategy - Michael Trzupek's background includes roles at Imagination Technologies and Core Scientific, where he managed treasury and investment operations [2][3] - The leadership believes Trzupek's expertise will be crucial in executing the LINK DAT Strategy effectively [3]
VivoPower Partners with Doppler Finance for Institutional XRP and RLUSD Yield Programs: Maximizing Returns on Crypto Treasury Strategy
GlobeNewswire News Room· 2025-09-02 10:00
Core Insights - VivoPower International PLC has entered a partnership with Doppler Finance to deploy an initial US$30 million of XRP, aiming to unlock institutional-grade yield opportunities for its XRP holdings [1][3] - The yield strategy is designed as a regenerative loop, where yields earned on deployed XRP will be reinvested back into VivoPower's reserves, creating compounding long-term value for shareholders [2][4] - South Korea is a strategically important market for VivoPower, holding US$30 billion of XRP, which represents 20% of the global circulating supply [1][3] Company Overview - VivoPower is a sustainability-driven enterprise focused on digital treasury transformation, acquiring and managing XRP digital assets as part of a diversified digital treasury strategy [4][5] - The company operates globally, with a presence in regions including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia [5] - VivoPower has two business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is centered on renewable power use cases, including digital asset mining [5] Partnership Details - The partnership with Doppler Finance is expected to enhance VivoPower's digital asset treasury and decentralized finance solutions strategy in South Korea [3][6] - Doppler Finance provides a yield generation protocol built on the XRP Ledger, combining regulated custody and audited reserves to ensure safety and scalability [6] - The collaboration aims to support the growth of the XRP ecosystem in South Korea, particularly in payment remittances, real-world asset tokenization, and DeFi lending [3][4]