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Shareholder of Empery Digital Inc. Calls for Resignation of CEO and Entire Board of Directors
Globenewswire· 2026-02-04 23:17
Core Viewpoint - Tice P. Brown, a significant stockholder of Empery Digital Inc., is demanding the resignation of CEO Ryan Lane and the entire Board of Directors, citing mismanagement and self-serving actions that hinder shareholder returns [2][3][4]. Company Management and Governance - The current management, led by CEO Ryan Lane, is accused of entrenchment and mismanagement, with a specific mention of a "poison pill" strategy that is seen as a tactic to block shareholder capital returns [2][4]. - The Board of Directors is criticized for allowing unprofessional conduct and failing to fulfill their responsibilities, leading to calls for their immediate replacement [3][4]. Financial Performance and Strategy - Empery Digital Inc. is described as having a single significant asset that could be liquidated to return capital to shareholders, highlighting the inefficiency of the current management in maximizing shareholder value [5]. - The company has a $105 million margin loan that is deemed reckless, with suggestions that it should be paid off by liquidating Bitcoin holdings [6]. Operational Concerns - There are allegations of high operational costs, including payroll for employees associated with Ryan Lane's hedge fund and expensive office rent in Rockefeller Center, which are seen as detrimental to the company's financial health [6]. - The management's strategy is criticized for lacking clarity, with vague plans for a potential sale at a discount to market NAV, while immediate liquidation could yield full NAV [6].
NewGen and Evident Capital Successfully Activate Commitment Campaign for Inaugural Tokenized Real Estate Bond, Delivering on Cross-Border Real World Asset Financing Strategy
Globenewswire· 2026-02-04 13:30
Core Insights - NewGenIVF Group Limited has successfully launched its inaugural tokenized bond issuance campaign, demonstrating its expertise in real-world asset tokenization and commitment to digital asset innovation [1][2][3] Group 1: Company Strategy and Developments - The Commitment Campaign for the tokenized bond issuance is live on Evident Capital's platform, fulfilling the company's goals to transform its balance sheet and unlock new capital sources for business growth [1][4] - The inaugural tokenized bond will reference NewGen's flagship residential project in the UAE, located near the first casino resort in Ras Al Khaimah, providing professional investors with regulated exposure to a differentiated real-world asset pipeline [2][3] - The campaign allows professional investors to review transaction information and submit non-binding indications of interest, enabling real-time demand assessment and optimization of the bond structure before binding subscriptions [2][4] Group 2: Execution and Market Positioning - The launch of the Commitment Campaign occurred in under two weeks following the company's announcement, showcasing NewGen's ability to execute complex projects rapidly [1][6] - The campaign is designed to align with Hong Kong's regulatory expectations for tokenized securities, reducing friction compared to traditional offline bookbuilding methods [4][6] - NewGen's strategy aims to fund its UAE real estate pipeline through non-dilutive, debt-style tokenized bonds, preserving value for existing shareholders while tapping into new capital pools [5][6] Group 3: Future Outlook and Innovation - The successful execution of the Commitment Campaign establishes a baseline for further innovation in NewGen's real-world asset strategy [3][5] - The project represents a significant step in bridging UAE real estate into Asian capital markets via a regulated tokenization framework, offering a scalable model for future cross-border deals [5][6] - NewGen's digital assets division has demonstrated its capability to deliver innovative solutions rapidly, positioning the company to capture market attention during significant industry events [6]
Galaxy Digital reports Q4 loss as digital asset prices fall, posts full-year adjusted EBITDA gain
Yahoo Finance· 2026-02-03 13:50
Core Insights - Galaxy Digital reported a net loss of $482 million in Q4, primarily due to a 24% decline in total cryptocurrency market capitalization [1] - For the full year, the company experienced a net loss of $241 million, impacted by lower digital asset prices and $160 million in one-time costs related to bitcoin mining infrastructure and corporate reorganization [2] - Despite losses, Galaxy achieved an adjusted gross profit of $426 million and adjusted EBITDA of $34 million for the full year, indicating operational resilience [3] Financial Performance - In Q4, Galaxy's Global Markets segment generated an adjusted gross profit of $30 million, down from a record quarter earlier, with trading volumes declining by about 40% [4] - The Asset Management and Infrastructure Solutions segment reported $21 million in adjusted gross profit in Q4, with $6.4 billion in assets under management and $5.0 billion in assets under stake [5] - The asset management business recorded $2.0 billion in net inflows during 2025, representing 34% organic growth, alongside the expansion of its institutional staking platform [6]
Virtune AB (Publ) ("Virtune") has completed the monthly rebalancing for January 2026 of its Virtune Crypto Altcoin Index ETP
Globenewswire· 2026-02-02 14:54
Core Insights - Virtune AB has completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP, which is listed on Nasdaq Stockholm, Nasdaq Helsinki, and Xetra [1] Group 1: Product Portfolio - In addition to the Virtune Crypto Altcoin Index ETP, Virtune's product portfolio includes various ETPs such as Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, and others, totaling over 15 different products [2] Group 2: Index Allocation - As of January 30, before rebalancing, the index allocation included Bitcoin Cash (10.68%), XRP (10.40%), and Polkadot (10.31%) among others [3] - After rebalancing, the index allocation was reset to equal weights of 10% for each asset, with Polkadot being excluded and replaced by BNB [3] Group 3: Performance - The performance of the Virtune Crypto Altcoin Index ETP for January was reported at -14.62% [4] Group 4: Rebalancing Purpose - The monthly rebalancing aims to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins, promoting diversification [5] Group 5: Unique Offering - The Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region, allowing investors to gain broad exposure to alternative crypto assets without heavy concentration in any single asset [6]
Further to the notice dated 23 January regarding the 10:1 share split for the Virtune Bitcoin Prime ETP (VIRBTCP), there has been a Potential Adjustment Event.
Globenewswire· 2026-01-30 12:05
Core Viewpoint - The announcement details a stock split for the Virtune Bitcoin Prime ETP, which will not affect the total value of investors' holdings, as each existing share will be split into ten new shares, resulting in a proportional decrease in NAV per share [2][3]. Group 1: Stock Split Details - The share split will occur at a ratio of 10:1, with the last day of trading under the old shares being January 30, 2026, and the first day of trading with the new shares being February 2, 2026 [6]. - The new ISIN for the shares will be SE0027598038, replacing the old ISIN SE0025012032, and the new WKN will be A4ARC3, replacing the old WKN A4AN8F [9]. Group 2: Company Information - Virtune AB is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges, headquartered in Stockholm [7]. - The company emphasizes its commitment to regulatory compliance and strategic collaborations with industry leaders to provide innovative investment products aligned with the evolving global crypto market [8].
Correction: Virtune Announces Upcoming 10:1 Share Split for the Virtune Bitcoin Prime ETP (VIRBTCP)
Globenewswire· 2026-01-30 09:37
Core Viewpoint - Virtune AB (Publ) announces a 10:1 share split for the Virtune Bitcoin Prime ETP, aimed at enhancing trading liquidity and accessibility for investors [1][2]. Share Split Details - The share split will take effect on February 2, 2026, across all markets where the product is available [2]. - Each existing share will be divided into ten new shares, resulting in a reduction of the NAV per share by a factor of ten, while the total value of investors' holdings remains unchanged [3][4]. - The product name and ticker will remain the same, but a new ISIN and WKN will be assigned [5]. Product Information - The Virtune Bitcoin Prime ETP will have the following identifiers: - Old ISIN: SE0025012032 - New ISIN: SE0027598038 - Old WKN: A4AN8F - New WKN: A4ARC3 - The last day of trading with the old ISIN is January 30, 2026, and the first day of trading with the new ISIN is February 2, 2026 [6]. Company Overview - Virtune AB is a fully regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges [8]. - The company emphasizes regulatory compliance and strategic collaborations to empower global investors with innovative investment products [9].
AlphaTON Capital to Present at Miami Beach Convention Center to over 2500 attendees for Live Event on State of the Company
Globenewswire· 2026-01-29 14:00
Core Viewpoint - AlphaTON Capital is a leading public technology company focused on scaling the Telegram super-app, targeting an addressable market of one billion monthly active users [2][3]. Financial Overview - AlphaTON Capital has $24.5 million in assets and 23.4 million shares outstanding, with no debt or convertibles [1]. - The company holds $11 million in cash and has a deposit of $4 million for 576 B300 AI GPUs [1]. Business Strategy - The company employs a comprehensive M&A and treasury strategy that includes direct digital asset acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders [3]. - AlphaTON Capital provides institutional-grade exposure to the TON ecosystem and Telegram's platform while adhering to governance standards and reporting transparency as a Nasdaq-listed company [3]. Leadership - The company is led by CEO Brittany Kaiser, Executive Chairman and CIO Enzo Villani, and Chief Business Development Officer Yury Mitin [3]. Event Participation - AlphaTON Capital announced its participation in the WSB Redacted Live Event at the Miami Convention Center, scheduled for January 29 and 30, 2026 [2][3].
Digital Currency X Technology Inc. Regains Compliance with Nasdaq Minimum Market Value of Listed Securities Requirement
Globenewswire· 2026-01-29 12:18
Group 1 - Digital Currency X Technology Inc. has regained compliance with Nasdaq's market value requirement after previously failing to maintain a minimum market value of listed securities of $35 million [1] - The company was notified on December 12, 2025, about its non-compliance, but the January Notice confirmed that it has met the requirement for the last 20 consecutive business days, from December 23, 2025, to January 22, 2026 [1] - The matter regarding compliance with Nasdaq Listing Rule 5550(b)(2) is now closed [1] Group 2 - Digital Currency X Technology Inc. is focused on developing infrastructure for secure cryptocurrency custody and storage solutions [2] - The company has treasury holdings exceeding $1.4 billion and is positioned at the forefront of institutional digital asset adoption [2] - The company's digital currency strategy includes treasury optimization, participation in decentralized finance (DeFi) ecosystems, and the development of advanced custody infrastructure [2]
Sonim Technologies Public Entity Rebrands As DNA X, Inc., A Digital Asset Management Company
TMX Newsfile· 2026-01-27 21:30
Core Viewpoint - Sonim Technologies is rebranding to DNA X, Inc. following the asset sale to NEXA, with proceeds aimed at debt retirement and funding digital asset management operations [1][2]. Group 1: Company Name Change and Operations - The company will now operate under the name DNA X, Inc., focusing on the digital asset trading platform acquired in December 2025 [2]. - The Nasdaq trading symbol will temporarily remain as SONM, with a planned transition to DNAX in the near future [2]. Group 2: Financial Implications - Proceeds from the asset sale are expected to be used for debt retirement and to provide working capital for the company's operations in digital asset management [1].
NewGen to Execute Up to US$2 Million Share Repurchase Program Through Benchmark
Globenewswire· 2026-01-27 13:30
Core Viewpoint - NewGenIVF Group Limited is executing a share repurchase program to enhance shareholder value, reflecting management's confidence in the company's long-term potential and current undervaluation in the market [2][5]. Group 1: Share Repurchase Program - The Board of Directors has authorized a share repurchase program of up to US$2 million, to be executed in the open market [3]. - The program will be implemented through The Benchmark Company, which will handle the execution and operational aspects of trades [4]. - The share repurchase program allows the company to buy back shares based on market conditions, share price, and trading volume, without obligating the company to repurchase a specific number of shares [5]. Group 2: Company Overview - NewGenIVF Group is a diversified entity focusing on real estate development, digital asset management, and reproductive health solutions [7]. - The company operates through three strategic divisions: NewGenProperty, NewGenDigital, and NewGenSup, leveraging technology for sustainable growth and high ROI [7]. - NewGen's legacy business includes providing IVF and assisted reproductive treatment services across Asia, positioning the company to capitalize on emerging opportunities in various sectors [7].