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LQWD's Lightning Network Strategy Shows Strong Initial Bitcoin Yield; Results Highlight Potential Yield at Scale on LQWD's BTC Treasury
Newsfile· 2025-08-27 12:00
Core Insights - LQWD Technologies Corp. has reported strong initial results from its Lightning Network yield initiative, achieving an approximate 24% annualized yield over a 24-day testing period with 19.75 Bitcoin deployed [1][2][4] - The company aims to continue scaling its Bitcoin deployment while optimizing strategies to maximize yield on its Bitcoin treasury [2][4] - The test results indicate a conservative APR of approximately 2.5% if all deployed Bitcoin had been active from the start, but the weighted result of 24% reflects more efficient deployment [3] Company Operations - LQWD operates as a Lightning Service Provider (LSP), utilizing a portion of its Bitcoin treasury to support its global infrastructure [5][7] - The company's network has processed around 1.6 million transactions, highlighting its significant role in facilitating instant, low-cost global payments [5] - LQWD's infrastructure is designed to earn transaction fees and support network liquidity, contributing to the advancement of Bitcoin adoption through the Lightning Network [7][8] Strategic Positioning - With a strategic Bitcoin treasury and scalable infrastructure, LQWD offers investors exposure to both Bitcoin's long-term appreciation and the revenue potential of Lightning-based payment technology [8]
BIT Mining Limited Launches DOLAI, a USD-backed Stablecoin on Solana, Expanding in AI-Powered Financial Infrastructure
Prnewswire· 2025-08-26 10:00
Core Viewpoint - BIT Mining Limited has launched DOLAI, a USD-backed stablecoin aimed at integrating AI agents, merchants, consumers, and institutional finance within the Solana blockchain ecosystem, with plans for multi-chain interoperability [1][2][6] Group 1: Stablecoin Features - DOLAI is a compliant, institutional-grade stablecoin, ensuring 1:1 dollar collateralization with reserves in cash and short-term U.S. Treasuries, adhering to U.S. regulatory requirements [2] - The infrastructure includes robust AML/KYC and OFAC screening to ensure compliance with current regulations [2] Group 2: AI Integration and Interoperability - DOLAI is designed as an AI-native payment currency, facilitating autonomous machine-to-machine transactions through emerging AI payment protocols [3] - The stablecoin is natively available on Solana, with API connectivity for seamless swaps across multiple blockchains and over 20 stablecoins [4] Group 3: Banking and Institutional Use - Institutions can mint and redeem DOLAI via ACH or wire transfers, bridging traditional finance with crypto-native settlement [4] - DOLAI aims to support fast, low-cost purchases, online shopping, remittances, and micro-payments by autonomous AI agents [9] Group 4: Future Vision and Ecosystem Development - The company envisions DOLAI as a currency for the agentic economy, enabling AI agents to autonomously access data, services, and liquidity while settling payments instantly on-chain [6] - BIT Mining Limited is expanding its blockchain-based ecosystem to include AI, stablecoins, and payment infrastructure, enhancing on-chain efficiency and participation across various blockchain ecosystems [7]
BIT Mining Limited to Report Second Quarter 2025 Financial Results on August 14, 2025
Prnewswire· 2025-08-11 11:00
Group 1 - BIT Mining Limited plans to release its unaudited financial results for Q2 2025 on August 14, 2025, after U.S. market close [1] - The company is transitioning its core business towards Solana (SOL) treasury operations, focusing on building an integrated ecosystem centered on SOL staking and ecosystem development [2] - BIT Mining is repurposing its legacy capabilities, including 7nm ASIC design, data center operations, and mining machine manufacturing, to optimize treasury efficiency and support sustainable value creation [2]
BIT Mining Advances Solana Strategy with 27,191 SOL Purchase and Validator Launch
Prnewswire· 2025-08-05 10:30
Core Insights - BIT Mining Limited has launched its first Solana (SOL) validator and purchased 27,191 SOL for approximately US$4.89 million, marking a strategic shift into the Solana ecosystem [1][2] - The validator is operated by BIT Mining's internal team and aims to contribute to Solana's network decentralization and security while generating on-chain rewards [2][3] - The company plans to raise up to $300 million for further SOL acquisitions and infrastructure development, indicating a strong commitment to the Solana ecosystem [1][4] Company Strategy - The launch of the validator is seen as a foundational step in operationalizing BIT Mining's Solana strategy, emphasizing active participation in powering the network rather than merely holding SOL [3] - BIT Mining is exploring additional opportunities within the Solana ecosystem, combining its growing SOL treasury with validator operations to capture financial and strategic benefits [3][4] - The company is transitioning its core business towards Solana treasury operations, leveraging its expertise in blockchain infrastructure to optimize treasury efficiency [4]
Banxa Holdings Inc. Announces Mailing of Meeting Materials and Receipt of Interim Order
Newsfile· 2025-08-01 20:05
Core Viewpoint - Banxa Holdings Inc. is preparing for an annual general and special meeting to discuss a proposed arrangement for the acquisition of its shares at a cash consideration of C$1.55 per share [2][4]. Group 1: Meeting Details - The meeting is scheduled for August 28, 2025, at 10:00 a.m. Vancouver time [1]. - Meeting materials were mailed to securityholders on August 1, 2025, for those recorded as of July 24, 2025 [2]. - The agenda includes voting on annual business matters for the financial years ended June 30, 2024, and 2023, and the Arrangement Resolution [2]. Group 2: Arrangement Resolution - The Arrangement involves OSL Group Limited and OSL BNXA Acquisition Inc. acquiring all issued and outstanding shares of Banxa for C$1.55 per share [2]. - Completion of the Arrangement is contingent upon several factors, including approval at the meeting, a final court order, acceptance by the TSX Venture Exchange, and necessary regulatory approvals [5]. Group 3: Company Overview - Banxa is a leading infrastructure provider for embedded crypto, facilitating seamless integration of crypto and fiat payments for businesses [9]. - The company operates globally with a focus on enhancing payment solutions and regulatory compliance in the evolving crypto economy [9].
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
Globenewswire· 2025-07-15 18:46
Core Viewpoint - LQWD Technologies Corp. has launched an at-the-market equity program allowing the issuance of up to $10,000,000 in common shares to support its strategy of accumulating Bitcoin and expanding its Lightning Network infrastructure [1][2]. Group 1: Equity Program Details - The ATM Program enables the company to issue common shares from treasury to the public at its discretion [1]. - Distributions will be made under an equity distribution agreement with Haywood Securities Inc., and sales will occur only in Canada [3][4]. - The program will remain effective until either all shares are sold or until December 31, 2025, unless terminated earlier [5]. Group 2: Strategic Importance - The ATM Program is designed to enhance LQWD's ability to execute its strategy of rapidly accumulating Bitcoin, which is essential for powering the Lightning Network [2]. - The company aims to lead in the Lightning Network ecosystem, with Bitcoin holdings as a core component of its strategy [4]. Group 3: Financial Use of Proceeds - Net proceeds from the ATM Program are intended for the continued development and growth of the company, including acquisitions, research and development, and marketing initiatives [5]. - Until utilized, proceeds may be held as cash or invested at the company's discretion [5]. Group 4: Company Overview - LQWD Technologies Corp. focuses on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [11]. - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [11]. - LQWD offers investors exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution [12].