Workflow
Digital Asset
icon
Search documents
Safety Shot Provides Further Details on Strategic Board Refresh and Corporate Vision
Globenewswire· 2025-09-18 13:06
Group 1 - The company is seeking shareholder approval for the appointment of three new directors and the resignation of two existing directors, with the vote expected in October [2][3] - The company has reserved the trading symbol "BNKK" with Nasdaq as part of its strategic transformation, which includes a name change [2] - The CEO expressed confidence in the new directors' expertise and the positive impact they will have on the company's strategic vision [3] Group 2 - Safety Shot, Inc. is evolving to bridge traditional public markets and the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [3] - The company's beverage division includes the patented Sure Shot beverage, which is designed to rapidly reduce blood alcohol content, and Yerbaé's plant-based energy beverage [3]
TNL Mediagene (NASDAQ: TNMG) to Establish Digital Asset Treasury
Prnewswire· 2025-09-17 12:30
Core Insights - The Company is launching a strategic initiative to integrate digital assets into its business model, establishing a digital asset treasury (DAT) that will include BTC, ETH, and SOL as treasury assets [1] - The DAT Strategy will exclude digital assets that do not meet criteria of scale, liquidity, institutional adoption, and regulatory transparency [1] - A digital asset treasury advisory group has been formed, consisting of experts from leading digital asset and Web3 companies [1] - BTC, ETH, and SOL are recognized for their scale, liquidity, and ecosystem development, making them suitable for treasury holdings [1] - The Company has published a shareholder letter detailing the new digital asset strategy and its expected synergies with existing Media, Technology, and Digital Studio businesses, which generated $48.5 million in consolidated revenue for FY2024, reflecting a 35% year-on-year growth [1] - The Company has over 45 million monthly unique users and 189 million monthly digital footprints [1]
Safety Shot Announces Strategic Board Refresh to Align with New Corporate Vision
Globenewswire· 2025-09-17 12:30
Core Insights - Safety Shot, Inc. has appointed three new directors with expertise in venture capital, financial due diligence, and Bitcoin mining to support its growth strategy [1][2][3] - The new board composition will consist of seven members, with a majority aligned with the company's subsidiary, BONK Holdings LLC [2] - The company aims to bridge traditional public markets with the digital asset ecosystem and is focusing on acquiring revenue-generating assets in the DeFi space [3] New Board Members - Connor Klein, an investment partner at New Form Capital, has a background in financial infrastructure, real-world assets, and DeFi, previously working at Morgan Stanley and a crypto payments startup [4] - Stacey Duffy is a financial due diligence expert with experience in complex transactions for corporate and private equity clients, having worked at Alvarez & Marsal and KPMG [4] - Jamie McAvity, co-founder and CEO of Bitcoin mining company Cormint, has scaled operations to 130MW and has been recognized for efficiency in Bitcoin mining [4] Strategic Direction - The appointments are intended to enhance the company's capabilities in digital assets and high-growth operations, particularly in relation to BONK Holdings [2][3] - The CEO of Safety Shot emphasized the importance of the new directors' expertise in executing the company's vision and unlocking the value of its beverage division [3]
Forward Industries buys 6.82M SOL tokens for $1.58B
Yahoo Finance· 2025-09-16 13:20
Core Insights - Forward Industries (FORD) has made initial liquid Solana (SOL-USD) purchases totaling 6.82 million SOL at an average price of $232 per SOL, amounting to approximately $1.58 billion [1] - The company aims to establish itself as the world's largest Solana treasury company, which is expected to enhance the Solana ecosystem and provide long-term value for shareholders [1] - The acquisition of non-locked SOL was achieved through open market purchases and on-chain transactions, marking the deployment of proceeds from a recently closed $1.65 billion private investment in public equity financing [1] Financial Details - The total cost of the initial Solana purchases is approximately $1.58 billion [1] - The private investment in public equity financing closed on September 11 and is noted as the largest Solana-focused digital asset treasury raise to date, led by Galaxy Digital, Jump Crypto, and Multicoin Capital [1] Strategic Goals - The company is executing a differentiated Solana treasury strategy designed to capitalize on one of the fastest-growing and most profitable blockchain networks [1] - The chairman of the board emphasized the importance of on-chain purchases as part of the company's strategy moving forward [1]
BitMine Discloses $10.77B Crypto and Cash Holdings, Leads Global Ethereum Treasuries
FinanceFeeds· 2025-09-15 15:18
Core Insights - BitMine Immersion Technologies holds a total of $10.77 billion in crypto, cash, and strategic investments as of September 14, 2025, including 2,151,676 ETH, 192 Bitcoin, $214 million in Eightco equity stakes, and $569 million in cash [1][3]. Group 1: Company Positioning - BitMine is recognized as the world's largest Ethereum corporate treasury and ranks second in overall crypto holdings, following Strategy Inc. which holds approximately $73.4 billion in Bitcoin [2]. - The company has surpassed the 2 million ETH milestone, positioning itself as a leader in digital asset treasury management [3][4]. - BitMine's stock trades at higher volumes than most US-listed peers, with an average daily trading volume of $2 billion, ranking 28 among US equities [5]. Group 2: Strategic Focus - The company's strategy emphasizes long-term ETH accumulation, driven by the belief that Ethereum represents a significant macro trade opportunity over the next 10-15 years [5]. - BitMine's operations include Bitcoin mining, synthetic mining, hashrate as a financial product, and tailored advisory services, supported by major funds and personal investors [4][6]. - The company aims to expand both ETH acquisition and liquidity management, leveraging strategic guidance from top institutional partners [8]. Group 3: Market Outlook - The convergence of Wall Street, blockchain, and AI is expected to create a supercycle for Ethereum, with large holders poised to benefit as tokenized economies scale [3][9]. - Regulatory changes, such as the GENIUS Act and SEC's Project Crypto, are anticipated to provide more clarity and scaling opportunities for digital asset-backed treasuries in 2025 [8].
Metavesco: ADHC Joins OTCfi Movement With Treasury Purchase
Prnewswire· 2025-09-15 13:14
Core Insights - Metavesco, Inc. has welcomed the announcement from American Diversified Holdings Corporation regarding its purchase of OTCfi tokens, marking a significant step in enhancing the visibility of the OTC market [1][2] - The CEO of Metavesco emphasized the goal of OTCfi to become a central digital asset treasury token for the OTC community, aiming to attract more retail investors and quality issuers [2][4] - ADHC views the acquisition of OTCfi as a strategic addition to its balance sheet, aligning with its vision to strengthen the OTC ecosystem [2][4] Company Overview - Metavesco is a diversified holding company focused on acquiring and managing assets across various sectors, including consumer packaged goods and staffing services, with a commitment to long-term growth through organic expansion and strategic acquisitions [5] Strategic Initiatives - The partnership between Metavesco and ADHC is expected to encourage other OTC issuers to explore Digital Asset Treasury strategies that can enhance their financial positions and engage with retail investors [4] - Metavesco is negotiating with ADHC for a call option to purchase additional OTCfi tokens at a strike price of $0.002 per token, indicating a proactive approach to expanding its holdings [4] Community Engagement - Metavesco plans to implement community-focused initiatives such as weekly live streams, AMAs, and collaborative formats to engage retail investors and maintain momentum in the OTC market [8] - The company aims to establish a neutral identity for the OTC community, facilitating coordination among traders, holders, creators, and issuers to attract liquidity and attention [8]
Allied Gaming Adds Bitcoin And Ethereum To Treasury In Bold Digital Asset Bet
Yahoo Finance· 2025-09-12 16:30
Core Insights - Allied Gaming & Entertainment Inc. (AGAE) has made its first direct investment in cryptocurrency by adding Bitcoin and Ethereum to its treasury holdings, reflecting a strategy to diversify its balance sheet and advance blockchain initiatives [1][2] - The company believes that digital assets will play a significant role in the entertainment and finance sectors, integrating crypto into its ecosystem and preparing for stablecoin and utility token launches [2][4] Financial Performance - For the quarter ending June 30, 2025, AGAE reported total revenue of approximately $1.9 million, a decrease of about 27% from $2.6 million in the same quarter the previous year [3] - The net loss for the quarter widened to $4.8 million, compared to a loss of $3.9 million in the prior year, with an adjusted EBITDA loss of $2.1 million, up from $1.7 million in the second quarter of 2024 [3] - The company ended the quarter with around $60 million in cash and short-term investments, and working capital stood at $44.9 million, providing resources for its strategic pivot towards digital assets [3][5] Market Reaction - Following the announcement of its cryptocurrency investments, AGAE shares surged by 85.49%, trading at $1.69 [5]
CleanCore Acquires Over 500 Million DOGE as Part of Strategic Treasury Accumulation Plan
Globenewswire· 2025-09-11 20:27
Core Insights - CleanCore Solutions, Inc. has reached a significant milestone by accumulating over 500 million Dogecoin as part of its strategic acquisition plan, aiming to acquire up to 1 billion DOGE within 30 days [1][2][3] - The Official Dogecoin Treasury, backed by the Dogecoin Foundation, is designed to strategically accumulate DOGE in anticipation of increased utility and adoption [2][3] - The long-term objective of the company is to secure up to 5% of the circulating supply of Dogecoin, positioning itself as a leading digital asset treasury [2][3] Company Strategy - The accumulation of 500 million DOGE demonstrates the speed and scale of the company's treasury strategy, with a vision to establish Dogecoin as a premier reserve asset [3] - House of Doge is focused on developing initiatives that unlock advanced real-world use cases for Dogecoin, which is expected to drive utility-driven demand [3][5] - The Official Dogecoin Treasury is securely custodied on Bitstamp by Robinhood's trusted platform, aiming to capture momentum through disciplined accumulation strategies [3] House of Doge Initiatives - House of Doge is committed to advancing Dogecoin as a widely accepted and decentralized global currency by investing in necessary infrastructure [5] - The initiatives include developing financial products, real-world asset tokenization, and cultural partnerships to anchor long-term utility and growth for Dogecoin [5] - The goal is to transition Dogecoin beyond its meme origins and fulfill its mission of "Doing Only Good Everyday" on a global scale [5]
Circle, Fireblocks Partner to Accelerate Stablecoin Adoption for Financial Institutions
Yahoo Finance· 2025-09-11 18:15
Group 1 - Circle Internet Group Inc. is recognized as one of the best IPO stocks to buy and hold for three years [1] - Circle and Fireblocks announced a collaboration aimed at accelerating the adoption of stablecoins by financial institutions [1][2] - The partnership combines Circle's stablecoin network with Fireblocks' digital asset infrastructure, enhancing security and efficiency for financial institutions [2][3] Group 2 - The collaboration aims to create an "institutional-grade, programmable financial system" for cross-border treasury and tokenized asset settlement [2] - Fireblocks secures over $10 trillion in digital asset transactions, indicating its significant role in the digital asset ecosystem [2] - Circle's products will be integrated with Fireblocks' platform, providing seamless access to Circle's stablecoins and introducing Circle Gateway for unified USDC balance across blockchains [3]
Avalanche Foundation pushes AVAX price to seven-month high with $1 billion fundraising talks
Yahoo Finance· 2025-09-11 11:25
Core Insights - The Avalanche Foundation is reportedly seeking up to $1 billion in funding to establish dedicated treasury companies for its AVAX token, leading to a significant price increase for AVAX, which rose nearly 9% to $29, its highest level in seven months [1][2] Group 1: Funding and Market Performance - AVAX's performance has outpaced the broader top-20 crypto assets, which saw an average increase of 3% during the same period, placing AVAX among the top 10 gainers on CryptoSlate's list for September 11 [2] - Decentralized exchanges on the Avalanche network processed nearly $900 million in trading volume in the past day, marking the highest figure since March and ranking as the sixth-largest among all blockchain networks [3] Group 2: Treasury Companies Development - The Avalanche Foundation is in advanced discussions to create at least two digital asset treasury companies (DATCOs) focused on the AVAX token, with plans to raise up to $500 million through a private investment in a Nasdaq-traded company led by Hivemind Capital [4] - A second deal, structured through a special purpose acquisition vehicle led by Dragonfly Capital, aims to raise another $500 million, expected to conclude in October [5] Group 3: Market Impact and Trends - Proceeds from both fundraising efforts will be used to purchase AVAX tokens at discounted prices, which is anticipated to strengthen the token's market base and amplify interest in AVAX [5][7] - The trend of establishing treasury companies is growing in the industry, with Ethereum-focused treasury companies accumulating over 4.9 million ETH valued at $21.7 billion, and Solana DATCOs acquiring over 4.4 million SOL worth approximately $992 million [6]