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MSTR Slips 3% Even As Michael Saylor Lauds Bitcoin's Role As 'Digital Capital' - Strategy (NASDAQ:MSTR)
Benzinga· 2025-11-12 18:59
Core Insights - Strategy Inc. (NASDAQ:MSTR) is experiencing a decline of over 3%, with investors reacting negatively to Michael Saylor's digital finance vision and selling near the $250–$260 resistance zone [1] Digital Finance Vision - Michael Saylor emphasized 2025 as a crucial year for digital assets and corporate capital models at Cantor Crypto 2025 [2] - Saylor described Bitcoin's evolution from "digital gold" to "digital capital," which is foundational for a new financial system based on programmable money [3] - The U.S. is positioned as a "Bitcoin superpower" due to significant pro-Bitcoin cabinet appointments and the acceptance of Bitcoin as collateral by major financial institutions like JPMorgan Chase, Charles Schwab, Wells Fargo, and The Bank of New York Mellon [3][4] Corporate Adoption of Bitcoin - The number of public companies holding Bitcoin has increased to over 200, up from 60 last year, with the IBIT ETF surpassing $100 billion in assets [5] Strategy Inc.'s Business Model - Strategy Inc. is evolving into a digital treasury company, issuing securities, purchasing Bitcoin, and building credit on top of it [6] - The company has executed its digital treasury model 85 times, deploying $48 billion and owning 3.1% of Bitcoin's total supply [7] - Saylor compared Bitcoin to "insulin for corporate finance," allowing companies to store economic energy rather than depleting it through dividends [8][9] Credit Innovation - Saylor introduced a new digital credit strategy, describing it as the "birth of a new product class" due to the volatility of traditional bonds in Bitcoin-backed finance [10] - New tokenized credit instruments like Stride and Stretch are being developed, with Stretch projected to be the largest IPO of 2025, offering AI-engineered yields between 9% and 21% [11] - Strategy's credit line is over-collateralized up to sevenfold and currently rated B by S&P, with aspirations to achieve investment-grade status [12] Technical Analysis of MSTR - MSTR is showing a clear downtrend from an August high near $450, with bearish pressure confirmed by Parabolic SAR [13][15] - The stock is testing support at $215–$225, which is an accumulation zone from March and April, and failure to maintain this level could lead to further declines towards $190 or $175 [16][17] - Momentum indicators show weakness with lower highs and lows since September, and a sustained break above $275 would signal potential buyer strength [18]
OOB Token Debuts on Kraken Following VCIG's US$100 Million Acquisition
Globenewswire· 2025-11-12 13:23
Core Insights - VCI Global Limited has announced the debut of the OOB Token on Kraken, following a US$100 million acquisition of OOB tokens, marking a significant milestone in its digital treasury initiative [1][3] - The OOB Token aims to bridge real-world payments with institutional trust, integrating regulated capital markets with blockchain liquidity [1][2] Company Overview - VCI Global is focused on developing and scaling platforms across various sectors, including artificial intelligence, encrypted data infrastructure, and digital treasury systems [5][6] - The company positions itself as a cross-sector platform builder, enabling enterprises and institutions to capture opportunities in the evolving digital economy [6] Strategic Partnerships - The partnership with Tether as a strategic shareholder enhances liquidity and credibility for the OOB Token, while Kraken provides global access and integrity in the digital asset market [2][4] - Additional ecosystem supporters include Solana Co-Founder Anatoly Yakovenko and CMCC Global, further strengthening the OOB Token's market position [4] Treasury Management Framework - VCI Global's Treasury Management role ensures that OOB operates with transparency and liquidity, implementing staking and burn mechanisms to control circulation [3][5] - The oversight framework aims to deliver measurable utility in both cross-border and everyday transactions, enhancing the token's value for users and investors [3][5]
Sky Quarry Signs MOU to Target Real-World Tokenization of Commodities
Globenewswire· 2025-08-20 11:30
Core Viewpoint - Sky Quarry Inc. has signed a Memorandum of Understanding (MOU) with Continuum Network to explore the potential of tokenizing its commodities in blockchain-enabled markets, aiming to enhance market participation and strengthen its financial position [1][2][3] Group 1: Partnership Details - The collaboration will evaluate technical, regulatory, and commercial aspects of creating a secure framework for resource-linked commodity tokens [2] - The partnership will assess platform architecture, smart contract design, and regulatory requirements, including SEC review [2][3] - Continuum Network will provide expertise in blockchain architecture and smart contract development to ensure compliance and security [3][4] Group 2: Financial Implications - Tokenizing non-cash assets could potentially free up hundreds of billions of dollars in working capital across the energy industry, facilitating growth for domestic companies [3] - The real-world asset tokenization sector is projected to become a multi-trillion-dollar market by 2030, indicating significant future opportunities [3] - The collaboration aims to build a robust digital treasury model to strengthen Sky Quarry's financial foundation [3][4] Group 3: Company Focus and Future Plans - Sky Quarry is focused on recycling waste asphalt shingles into valuable materials while exploring opportunities at the intersection of energy and digital assets [4][6] - The company is in discussions regarding treasury assets that may be candidates for its contemplated Treasury Model [4] - Sky Quarry plans to host a webinar to introduce its digital asset strategy, indicating a commitment to transparency and stakeholder engagement [5]