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Spirit Blockchain Capital Reports H1 & Q2 2025 Results, Completes SpiritLinQ, & Advances Institutional Blockchain Strategy
Globenewswire· 2025-08-30 00:54
Core Insights - Spirit Blockchain Capital Inc. reports key milestones and unaudited financial results for Q2 2025, highlighting the launch of Exchange Traded Products (ETPs) and the operational readiness of SpiritLinQ and SpiritReserve Group [1][3] Financial Performance - For Q2 2025, the company recorded a net loss of $1.23 million, compared to a net loss of $0.53 million in Q2 2024. The total net loss for the six months ended June 30, 2025, was $2.36 million, up from $0.97 million in the same period of 2024 [5] - As of June 30, 2025, the company had total assets of $1.0 million and a working capital deficit of $276,614, an improvement from a deficit of $1.38 million as of December 31, 2024 [5] Strategic Developments - The company has completed the development of SpiritLinQ, a proprietary digital asset tokenization and wealth platform, with pilot onboarding scheduled for Q3 2025 and full commercial launch expected in Q4 2025 [5] - Spirit Digital AG launched the Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP on the SIX Swiss Exchange and Deutsche Börse in March 2025, with ongoing efforts to expand the ETP pipeline [5] - The establishment of SpiritReserve Group focuses on active treasury operations deploying multi-token assets into yield-generating strategies, marking a shift from passive asset holding to operational yield management [5] Market Positioning - The company upgraded to the OTCQB Venture Market, enhancing access to U.S. investors, with common shares trading under the ticker "SBLCF" since April 22, 2025 [5] - The strategic shift towards integrated infrastructure includes regulated ETP products, automated yield generation via SpiritReserve, and institutional-grade tokenization via SpiritLinQ, positioning the company for recurring and scalable income streams [5]
Everything Blockchain (OTC: EBZT) Signs MOU with Flare to Explore XRP Yield Model After $100M Deployment by Nasdaq Peer
Globenewswire· 2025-08-29 15:00
Core Insights - Everything Blockchain Inc. (EBZT) has signed a memorandum of understanding with Flare Network to explore an XRP yield strategy, positioning itself as one of the first U.S. public companies to do so [1][2] - The partnership aims to unlock the financial utility of XRP, transforming it from a speculative asset into a yield-bearing instrument [5][10] - This initiative follows VivoPower's recent $100 million XRP deployment into Flare's ecosystem, marking a significant step in institutional treasury management [3][6] Company Strategy - EBZT plans to utilize Flare's FAssets and Firelight infrastructure to convert wrapped XRP (FXRP) into yield-generating positions while ensuring compliance and transparency [2][5] - The company aims to create a virtuous treasury cycle by generating yield through blockchain infrastructure and reinvesting proceeds to enhance its digital asset treasury [4][9] - EBZT is actively seeking partnerships with blockchain projects and token foundations to scale its digital asset treasury [8] Industry Context - The partnership highlights the increasing institutional credibility of the XRP ecosystem, with Flare Network achieving a Total Value Locked (TVL) of $236 million as of August 2025 [6] - The involvement of global stakeholders, including members of the Saudi royal family, in XRP-based corporate treasury structures indicates a rising trend in institutional asset allocation towards XRP and Flare [7]
THE GROWHUB LIMITED Announces Closing of $15 Million Initial Public Offering
Prnewswire· 2025-08-29 15:00
Company Overview - The GrowHub Limited is a Singapore-based company that specializes in enhancing product traceability and authenticity within supply chains through its proprietary blockchain technology platform [5] - The company offers solutions such as blockchain traceability, anti-counterfeit measures, and carbon management to promote transparency and sustainability [5] - GrowHub's business comprises three main divisions: the GrowHub Platform, product trading facilitation, and IT professional services [5] Initial Public Offering (IPO) Details - GrowHub announced the closing of its initial public offering of 3,750,000 Class A Ordinary Shares at a price of $4.00 per share, resulting in total gross proceeds of $15 million before deductions [1] - The shares began trading on the NASDAQ Stock Market under the ticker symbol "TGHL" on August 28, 2025 [1] - The offering was conducted pursuant to the company's registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 25, 2025 [3] Underwriting and Legal Counsel - Alexander Capital acted as the lead book-running manager for the offering, with Network 1 Financial Securities serving as a co-underwriter [2] - Loeb & Loeb LLP is the U.S. legal counsel for the company, while Akerman LLP is the U.S. legal counsel for Alexander Capital [2]
Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-08-29 13:00
SINGAPORE, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until February 16, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, on February 21, 2025, Nasdaq notified ...
巴拉圭计划投资 600 万美元在 Polkadot 区块链上发行代币化股权
Xin Lang Cai Jing· 2025-08-28 14:55
(来源:吴说) 巴拉圭计划投资 600 万美元在 Polkadot 区块链上发行代币化股权,用于发展亚松森创新谷(Assuncion Innovation Valley)项目。该项目将包括酒店、大学和数据中心等基础设施建设。(Cointelegraph) 来源:市场资讯 ...
X @Chainlink
Chainlink· 2025-08-28 14:30
RT Watcher.Guru (@WatcherGuru)JUST IN: 🇺🇸 US Department of Commerce partners with Chainlink $LINK to bring "government macroeconomic data onchain." https://t.co/fd6hjkgT1b ...
X @mert | helius.dev
mert | helius.dev· 2025-08-28 14:01
seems both pyth and chainlink are being used to put USA economic data onchain?cool! https://t.co/f9GL6FB6B3 ...