Company Expansion - Thiel Capital has opened a new office in Miami, located in the Wynwood area, which is known for its startup and cultural scene [2][3] - The new office is intended to complement Thiel Capital's existing operations in Los Angeles [2] Industry Context - Miami's startup and finance environment has become increasingly attractive, especially during and after the pandemic, leading to relocations from firms based in California and New York [3] - The proposed wealth tax in California, which would impose a one-time 5% tax on residents with net worths exceeding $1 billion, has prompted concerns among billionaires about potential relocations [4][7] Tax Proposal Details - The wealth tax proposal is designed to generate $100 billion over five years to offset cuts in healthcare, education, and food assistance [5][6] - The tax would affect approximately 200 billionaires in California, which has a population of over 39 million [6]

Core Viewpoint - The article emphasizes the importance of the price at which quality companies are purchased, suggesting that this is a critical factor in successful investing [1]. Group 1 - The author identifies as a buy-and-hold investor focused on quality blue-chip stocks, Business Development Companies (BDCs), and Real Estate Investment Trusts (REITs) [1]. - The goal is to help lower and middle-class workers build investment portfolios consisting of high-quality, dividend-paying companies [1]. - The author aims to provide a new perspective to assist investors in achieving financial independence [1].

Core Insights - Tetragon has released its Monthly Factsheet for November 2025, providing updates on its financial performance and key metrics [1]. Company Overview - Tetragon is a Guernsey closed-ended investment company, with non-voting shares listed on Euronext in Amsterdam and traded on the Specialist Fund Segment of the London Stock Exchange [3]. - The investment manager for Tetragon is Tetragon Financial Management LP [3]. Financial Performance - The Net Asset Value (NAV) of Tetragon is reported at $3,877 million [5]. - The Fully Diluted NAV per Share stands at $41.85 [5]. - The current share price (TFG NA) is $18.35 [5]. - The Monthly NAV per Share Total Return is -0.6% [5]. - The Monthly Return on Equity is -0.2% [5]. - The most recent quarterly dividend is $0.11, resulting in a dividend yield of 2.4% [5].

分组1 - Brett Ashcroft Green is a CERTIFIED FINANCIAL PLANNER™ with expertise in private credit and commercial real estate mezzanine financing [1] - He has worked with high-net-worth and ultra-high-net-worth individuals globally, indicating a focus on affluent clientele [1] - His professional experience includes collaboration with leading commercial real estate developers such as The Witkoff Group and Fortress Investment Group [1]

Core Viewpoint - Elixxer Ltd. successfully held its annual and special meeting of shareholders on December 30, 2025, where all proposed resolutions were approved by an overwhelming majority of votes cast. Group 1: Shareholder Meeting Results - A total of 3,798,208 shares were voted at the meeting, representing 33.50% of the total issued and outstanding common shares of the company [2] - All matters submitted for approval were passed with significant support from shareholders [2] Group 2: Director Elections - The following individuals were elected as directors of the company until the next annual meeting: - Jayahari Balasubramaniam: 3,759,707 votes in favor (98.99%) [3] - Alexey (Alex) Kanayev: 3,759,737 votes in favor (98.99%) [3] - Mark E. Romano: 3,759,737 votes in favor (98.99%) [3] - Edward Milewski: 3,759,737 votes in favor (98.99%) [3] Group 3: Auditor Appointment - CAN Partners LLP was appointed as the company's auditors for the upcoming year with 99.06% of votes in favor [3] Group 4: Special Resolutions - A special resolution to amend the articles of incorporation for a name change was approved with 3,760,311 votes in favor (99.00%) [4] - A special resolution for the consolidation of shares on a basis of up to 90 pre-consolidation shares for 1 post-consolidation share was approved with 3,754,823 votes in favor (98.86%) [4] - The stock option plan was re-approved with 3,756,098 votes in favor (98.99%) [5] - A resolution to issue common shares to settle indebtedness was approved with 123,627 votes in favor (75.01%) [5] Group 5: Delisting Resolution - A resolution for voluntary delisting from TSXV was passed with 113,932 votes in favor (69.13%) [6] Group 6: Company Overview - Elixxer Ltd. is a Canadian public company listed on the TSX Venture Exchange and the US OTC-Pink exchange, focusing on investments in Canada and other countries, and seeking new high-growth opportunities [7]

Core Viewpoint - Birchtree Investments Ltd. has executed a non-binding term sheet to acquire a 50% equity interest in Digital Motion Corporation, aiming to enhance its portfolio in the Web3 financial products sector [1][4]. Group 1: Transaction Details - The acquisition involves the issuance of common shares valued at no less than USD$10,000,000 (approximately CAD$13,674,278) based on a deemed issuance price of CAD$0.20 per share [4]. - If the trading price of Birchtree Shares is below CAD$0.20 at closing, the number of shares issued may be adjusted [4]. - The transaction is classified as an arm's length transaction with no finder’s or broker fees involved [4]. Group 2: Conditions and Governance - Closing of the transaction is contingent upon customary conditions, including the execution of a definitive agreement, satisfactory due diligence, and necessary approvals from regulatory bodies and shareholders [5]. - Digital Motion will have the right to nominate two directors to Birchtree's board following the transaction [6]. Group 3: Financial Structure and Shareholding - Post-transaction, Digital Motion's shareholders will hold approximately 32.8% of the total issued Birchtree Shares, while existing shareholders will retain about 67.2% [8]. - The transaction is not expected to change control of Birchtree, as current shareholders will continue to hold more than 50% of the shares [8]. Group 4: Initial Financial Commitment - Birchtree has agreed to advance a refundable deposit of USD$100,000 to Digital Motion, which will be refunded if a definitive agreement is not executed by February 27, 2026 [7].

经查，周口市城乡开发投资有限公司于2022年8月至2023年4月分别发行了公司债券22周城03、23周城 01、23周城02和23周城04，并挂牌转让。但发行人在募集资金使用管理、信息披露方面，有关责任人在 职责履行方面，存在违规行为。 【大河财立方消息】12月29日，上交所披露纪律处分决定书，对周口市城乡开发投资有限公司及有关责 任人予以通报批评。 此外，发行人还有募集资金专户管理不规范的违规行为。上交所指出，2023年3月至4月，发行人将23周 城01募集资金6.107亿元从专户划转至一般户存放。此外，22周城03、23周城01、23周城02、23周城04 存在共用募集资金专户的情况。 最后，上交所还认定，发行人存在未如实、准确披露募集资金使用情况。纪律处分决定书显示，2023年 4月至2024年4月，发行人在2022年年报、2023年中报、2023年年报中，未如实、准确披露22周城03、23 周城01、23周城02、23周城04的募集资金使用及专户管理情况。此外，2024年7月19日，发行人披露临 时公告，称22周城03募集资金使用情况与约定用途一致，与实际情况不符。 根据上述违规行为，结合相关法律法规 ...

36氪正在寻找一批真正对时代有好奇心、有判断力、敢说真观点的年轻人。 我们邀请你加入36氪青年特攻队——一个由在校青年组成、面向未来的内容小组。 我们始终关注年轻人，也需要年轻人。 一起观察时代的缝隙、捕捉新趋势、讲出真正的创新故事。 本次同时开放 了 AI、投资报道实习作者 招募，请 大家自行选择投递方向（要求不同，但可同时投递）。 AI方向 近身感受AI的世界 （投递简历时，需要同时提供细分团队笔试题目哦） 说明：作者岗位重点面向26年毕业应届同学发起邀约，在校期间可以实习身份加入，预计实习6个月，实习期满通过考核者可毕业后留任为正式员工！脚 本创作岗位面向广大人才邀约，不限毕业时间，可长期实习/兼职合作~ 本次同时开放了 AI、投资报道实习作者 招募，请大家自行选择投递方向（要求不同，但可同时投递）。 ③ 公众号《未来人类实验室》-作者方向：年轻创业者人物专访 （标签：人物/想象力/文笔） 本方向需回答题目：3、6、8、12、13 ① 公众号《智能涌现》-作者方向：AI明星创业公司报道，巨头公司商业写作 （标签：创投/大公司/影响力判断） 本方向需回答题目：1、2、3、5、10 ②视频号《36氪》/抖音 ...

Core Viewpoint - Metaplanet is aggressively expanding its bitcoin holdings, aiming for significant growth in its bitcoin treasury management strategy while also developing a revenue-generating business model around bitcoin derivatives. Group 1: Bitcoin Acquisition - In the fourth quarter, Metaplanet purchased an additional 4,279 bitcoin for a total of $451 million, averaging $105,412 per bitcoin, bringing its total holdings to 35,102 BTC, making it the fourth largest publicly traded company in terms of bitcoin ownership [1] - The company has a target of owning 210,000 BTC by the end of 2027 [1] Group 2: Financial Performance - Metaplanet has spent approximately $3.78 billion on bitcoin at an average price of $107,607 [2] - The company's shares have increased by 8% this year, closing at 405 yen ($2.60), although they remain down 80% from their all-time high in June [2] Group 3: Revenue Generation - Metaplanet has established a bitcoin income generation business that utilizes derivatives to create recurring revenue while supporting its long-term bitcoin holdings [3] - The company anticipates this unit will generate around $55 million in revenue for the full fiscal year [3] - The firm's multiple to net asset value (mNAV) is just above 1, indicating a balance between its enterprise value and bitcoin net asset value [3]

Group 1 - The company held its 12th meeting of the 6th Board of Directors on December 29, 2025, with all 9 directors present, complying with relevant laws and regulations [2][8] - The board approved the proposal to invest in and establish a fund, which is a related party transaction, with a total subscription amount of 500 million yuan [3][11] - The company will act as a limited partner, contributing 29 million yuan, which is 5.8% of the total fund subscription [11][13] Group 2 - The fund will be managed by Foshan Jianfa Private Fund Management Co., Ltd., a wholly-owned subsidiary of the company's controlling shareholder, Foshan Jianfa [11][18] - The fund's investment focus includes strategic emerging industries such as new energy, new materials, and advanced manufacturing [25] - The fund's operational period is set for 16 years, with a total partnership duration of 25 years [24] Group 3 - The independent directors have reviewed and approved the related party transaction, confirming it does not harm the interests of the company or its minority shareholders [36] - The company has previously engaged in related transactions with Foshan Jianfa and its subsidiaries totaling 937.3951 million yuan since the beginning of 2025 [35] - The establishment of the fund is seen as a strategic move to support the company's transformation and enhance its operational efficiency [34]