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Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2026-02-11 14:00
Core Viewpoint - Bit Origin Ltd has regained compliance with Nasdaq's minimum bid price requirement, which is crucial for its long-term strategy and shareholder value enhancement [1][2][3] Group 1: Compliance with Nasdaq - On February 9, 2026, Bit Origin received a notification from Nasdaq confirming compliance with the minimum bid price requirement under Listing Rule 5550(a)(2) [1][2] - The company was previously notified on February 21, 2025, that its Class A ordinary shares failed to maintain a minimum bid price of $1.00 for 30 consecutive business days [2] - Nasdaq determined that from January 20, 2026, to February 6, 2026, the closing bid price of the company's shares was at or above $1.00, thus closing the compliance matter [2] Group 2: Company Strategy and Focus - The Chairman and CEO of Bit Origin expressed satisfaction in regaining compliance, emphasizing the importance of maintaining the Nasdaq listing for the company's long-term strategy [3] - The company remains focused on executing strategic initiatives and enhancing long-term value for shareholders [3] Group 3: Company Overview - Bit Origin Ltd is an emerging growth company that focuses on digital asset innovation and blockchain-based strategies, including digital asset treasury initiatives [3]
Grant Cardone Compares Bitcoin To Printing Press, Telephone, Internet, Says It Advances Money
Yahoo Finance· 2026-01-03 15:45
Core Insights - Grant Cardone positions Bitcoin as a transformative innovation comparable to historical advancements like the printing press and the internet, suggesting it will take time for widespread adoption [1][2] - Bitcoin's price has experienced volatility, reaching a peak of $126,000 in 2025 before dropping to around $88,000, reflecting an 11% decline this year due to market uncertainties [2] - Cardone has launched several funds that integrate Bitcoin with real estate, aiming to leverage Bitcoin's volatility and liquidity for real estate investors [3] Fund Launches - Cardone has initiated three Bitcoin and real estate funds: the 10X Space Coast Bitcoin Fund, the 10X Miami River Fund, and the 10X Boca Raton Bitcoin Fund, with plans for a total of ten funds [4][5] - The 10X Space Coast Bitcoin Fund combines 300 apartment units with $15 million in Bitcoin, while the 10X Miami River Fund merges 346 apartments with $300 million in Bitcoin [5] - The upcoming 10X Boca Raton Bitcoin Fund aims to integrate $100 million with 366 apartment units [6] Investment Strategy - Cardone continues to accumulate Bitcoin during its price fluctuations, viewing the current market conditions as an opportunity to acquire the asset at lower prices [6]
'National Security' at Risk If MSCI Excludes Crypto Treasuries, Warns Bitcoin Giant Strategy
Yahoo Finance· 2025-12-10 21:08
Core Viewpoint - The letter from Strategy to MSCI argues that excluding crypto-buying firms from indices could negatively impact national security and innovation in the digital asset space [1][2][3]. Group 1: MSCI's Proposal and Its Implications - Strategy contends that MSCI's proposal to exclude companies with over 50% digital assets is misguided and could have harmful consequences for innovation and economic development [2][3]. - The letter emphasizes that crypto-buying firms are legitimate companies, not ineligible investment funds, and criticizes the 50% threshold as arbitrary and discriminatory [2][3]. - JPMorgan has warned that if MSCI proceeds with its proposal, outflows from Strategy could reach $2.8 billion, indicating significant financial implications for the firm [2]. Group 2: National Security Concerns - The letter raises national security concerns, highlighting that the Trump administration has supported pro-innovation policies and digital assets, making it an inappropriate time to undermine this technology [3]. - Strategy warns that MSCI risks losing its perceived neutrality as an index provider if it discriminates against digital assets in its index criteria [4]. Group 3: Market Performance - Strategy's stock price was reported at over $184, down more than 2% on the day, and has seen a nearly 53% decline over the past six months as interest in crypto-buying firms wanes [5].