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SOL Global Announces Share Consolidation
Newsfile· 2025-12-09 01:47
Core Points - SOL Global Investments Corp. has announced a share consolidation of its common shares at a ratio of ten Pre-Consolidation Common Shares for one Post-Consolidation Common Share [1][3] - The record date for the consolidation is set for January 14, 2026, with trading of the new shares expected to begin on the same date, pending approval from the Canadian Securities Exchange [2] - The consolidation aims to support long-term shareholder value amidst improving conditions in the digital asset markets, particularly within the Solana ecosystem [3] Company Actions - The Board of Directors approved the consolidation during the annual general and special meeting of shareholders held on February 21, 2025 [3] - All outstanding stock options, deferred share units, and performance share units will be proportionately adjusted to maintain their economic value post-consolidation [3] - Letters of transmittal will be sent to registered shareholders with instructions for exchanging existing share certificates for new ones [4] Post-Consolidation Details - After the consolidation, the company will have approximately 22,999,743 Post-Consolidation Common Shares outstanding [1] - The new shares will have a different CUSIP and ISIN number, and no fractional shares will be issued; any fractions will be rounded down [5] - The company's name and trading symbol will remain unchanged following the consolidation [2] Strategic Focus - The company is strategically focused on the Solana ecosystem, aligning with recent developments in blockchain technology and infrastructure upgrades, including the upcoming Alpenglow consensus protocol [3] - This focus is expected to enhance Solana's scalability and transaction settlement speed, reinforcing the company's investment strategy in digital assets [3][6]
From 2,600% Gain to 86% Wipeout, Crypto’s Hottest Trade Crumpled
Yahoo Finance· 2025-12-06 14:00
What began the year as one of the best trades in the stock market has, in a matter of months, turned into one of the worst. An array of public companies thought they had found a sort of perpetual motion machine: Use your corporate cash to buy up Bitcoin or other digital tokens and presto, your share price shot up even more than the value of the tokens you bought. Most Read from Bloomberg It was a playbook invented by Michael Saylor, who transformed his company, Strategy Inc., into a publicly traded Bitc ...
Strive Urges MSCI to Scrap Proposal Excluding Major BTC Holders
Yahoo Finance· 2025-12-06 08:23
Strive, a Nasdaq-listed firm and the 14th-largest public holder of Bitcoin, is pushing back against MSCI’s plan to remove companies with significant digital-asset exposure from its global indexes. Key Takeaways: Strive says MSCI’s plan to exclude crypto-heavy firms would shut investors out of key growth sectors. JPMorgan warns Strategy could face up to $2.8B in losses under the proposal. Strive argues BTC-focused firms are vital to AI infrastructure and structured finance, making the cutoff unfair. ...
The Multi-Sector Validation Shock: Why SMX Became Impossible for Markets to Ignore
Accessnewswire· 2025-12-05 18:20
Core Insights - The surge in attention around SMX (NASDAQ:SMX) reflects a convergence of recognition across multiple industries seeking the same solution [1][6] - SMX's technology addresses structural flaws in various sectors, including gold, rare earth minerals, ESG systems, and digital assets [6][7] Gold Market - For over a century, gold authenticity relied on documentation, but SMX demonstrated that gold bars can retain their identity at the molecular level through various processes [2] - This breakthrough eliminated a significant structural barrier in the gold industry [2] Rare Earth Minerals - Rare earth mineral supply chains identified SMX's technology as a solution to prove the origin of materials, which is crucial for industries like electric vehicles and aerospace [3] - SMX enables rare earths to maintain their identity from the mine to the final product [3] ESG Systems - SMX's technology allows for the validation of claims regarding recycled content and material recovery, shifting ESG reporting from estimates to evidence [4] - This has significant implications for sectors dealing with plastics, textiles, and chemicals [4] Digital Assets - SMX's platform enables real-world material performance to be expressed as a verified digital signal, enhancing trust in digital asset markets [5] - This integration completes the picture of how various industries can utilize SMX's technology [5] Market Reaction - The market is responding to a correction in understanding rather than speculation, as multiple industries converge around SMX's enabling technology [7][8] - The recognition of SMX's platform as a unifying infrastructure layer across different sectors is driving market adjustments [7][8] Company Overview - SMX offers marking, tracking, measuring, and digital platform technology to help businesses transition to a low-carbon economy amid new regulatory challenges [9]
Bitcoin, Ethereum and XRP Dive as Liquidations Hit $500 Million—While Stocks Rise
Yahoo Finance· 2025-12-05 17:56
Crypto prices fell sharply again Friday, with Bitcoin diving below the $90,000 mark while Ethereum flirted with a drop below the $3,000 mark—all while crypto liquidations piled up across the board. Bitcoin fell to $88,420 on Friday morning and was recently trading at $89,215, marking a more than 3% drop over the last 24 hours as the leading cryptocurrency dove from a price above the $92,000 level. It's the second major plunge for Bitcoin over the last week, after the coin plummeted below the $85,000 mark ...
Onfolio Holdings Executes First Step of Strategic Roadmap with Cryptocurrency Purchases
Globenewswire· 2025-12-04 13:30
Core Insights - Onfolio Holdings Inc. has utilized $2.45 million from a recent capital raise to purchase cryptocurrencies including Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) during a market drawdown, indicating a strategic entry point for investment [1][4] - The company aims to build a multi-token cryptocurrency treasury as part of its treasury management strategy, expecting to generate approximately $91,000 annually in passive staking income from its crypto holdings [2][5] Investment Strategy - The allocation of the $2.45 million investment includes 40% to ETH at an average price of $3,076.30, 40% to SOL at an average price of $144.50, and 20% to BTC at an average price of $91,948.38 [9] - The company currently holds 318 ETH, 6,771 SOL, and 5 BTC as of December 3, 2025, reflecting its commitment to diversifying its digital asset portfolio [3] Financial Implications - The new $300 million financing facility enhances the company's ability to generate recurring income from cryptocurrency yield, provides exposure to potential price appreciation in crypto assets, and allows for debt reduction and increased capital for growth [5][6] - The strategic moves are expected to improve profitability, strengthen the balance sheet, and position the company for significant growth, with acquisitions back on the near-term roadmap [6]
Bitcoin MENA大会将于阿布扎比举行
Shang Wu Bu Wang Zhan· 2025-12-03 09:20
ZAWYA网11月28日报道,Bitcoin MENA大会将于12月8-9日在阿布扎比国家展览中心举办。本次大会由 ADNEC Group与BTC Inc联合主办,预计将吸引超1.2万名访客。大会将聚焦比特币、机构资本、能源创 新、监管政策等话题,展示阿联酋尤其是阿布扎比在算力基础设施、矿业布局、主权级采纳及数字资产 监管方面的领先地位,并突显其快速发展的能源体系与完善监管环境。 ...
Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy
Yahoo Finance· 2025-12-01 18:47
Yorkville Acquisition Corp. has filed a confidential Form S-4 with the U.S. Securities and Exchange Commission, marking a major step toward completing its proposed business combination with affiliates of Trump Media & Technology Group and Crypto(.)com. The filing comes as the SPAC appoints two public-company veterans, Steve Gutterman as chief executive officer and Sim Salzman as chief financial officer, ahead of the launch of a new digital-asset treasury company focused on the Cronos (CRO) ecosystem. Yor ...
Ripple Secures Major Payments Institution (MPI) License From Singapore Regulator
Yahoo Finance· 2025-12-01 13:05
Ripple will now be able to widen the range of regulated payment services from its Singapore hub. On 1 December 2025, Ripple announced that the company secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). For Ripple, this basically means a strengthened position in Asia-Pacific. And broader institutional use of XRP and its RLUSD stablecoin in cross-border payments. With this, Ripple is now among a small group of blockchain-focused companies worldwide that hold a ...
The UK Just Dropped Its Stablecoin Rulebook—And That 40% Cash Requirement Could Reshape The Crypto Market
Yahoo Finance· 2025-11-29 02:01
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bank of England unveiled comprehensive regulations on Nov. 11 that could make the U.K. a global hub for digital assets—or drive major stablecoin issuers straight to America’s more lenient shores. The proposals introduce strict reserve requirements for “systemic” stablecoins, with issuers forced to park 40% of their backing in non-interest-bearing accounts at the BoE and another 60% in U.K. government b ...