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Ripple, Securitize Add RLUSD Access for BlackRock’s BUIDL & VanEck’s VBILL
Yahoo Finance· 2025-09-23 14:39
Core Insights - Ripple has partnered with Securitize to launch a smart contract enabling holders of BlackRock's BUIDL and VanEck's VBILL tokenized treasury funds to exchange their shares for Ripple USD (RLUSD), enhancing liquidity and on-chain transactions [1][2] - The integration allows investors to swap their holdings for RLUSD 24/7, providing access to stable digital dollars and DeFi opportunities, with BUIDL support already live and VBILL integration forthcoming [2][6] Group 1: Partnership and Functionality - The collaboration aims to automate liquidity across tokenized markets, delivering real-time settlement and programmable liquidity for compliant on-chain investment products [5] - RLUSD is designed for institutional use, emphasizing regulatory clarity, stability, and utility, with partnerships like Securitize being crucial for unlocking new liquidity [4][7] Group 2: Market Impact and Adoption - Since its launch in late 2024, RLUSD has achieved a market capitalization exceeding $700 million, backed 1:1 by high-quality liquid assets and subject to strict reserve management [8] - The integration with Securitize represents RLUSD's first deployment within a tokenization infrastructure, with plans for broader applications and integration with the XRP Ledger to expand liquidity channels [6][7]
Crypto Treasury Craze Cracks as Firms Start Borrowing to Buy Back Share
Yahoo Finance· 2025-09-23 10:45
Group 1 - The trend of small-cap firms loading their balance sheets with cryptocurrencies is beginning to show signs of distress, as many are now resorting to debt-funded share buybacks to support falling stock prices [2][8] - At least seven companies, including those in online gaming, golf cart manufacturing, and biotech, are actively buying back their shares [2] - Market values of some firms have fallen below the worth of their crypto assets, indicating investor skepticism about the sustainability of the crypto treasury strategy [3][8] Group 2 - The acquisition of Semler Scientific by Strive Asset Management highlights how companies trading below the value of their crypto holdings are becoming attractive for takeovers [4] - ETHZilla, which rebranded and invested in ether tokens, experienced a 76% drop in stock price from its peak, illustrating the volatility associated with crypto investments [4] - Empery Digital has expanded its debt facility to $85 million for share buybacks, despite holding $476 million in Bitcoin, which exceeds its $378 million market cap [6] Group 3 - Analysts express concerns that using debt for share repurchases contradicts the foundational principles of the crypto treasury model, which relies on the appreciation of digital assets [5][6] - Companies like SharpLink Gaming, Ton Strategy, and CEA Industries are also implementing similar buyback strategies after their token-heavy approaches failed to perform in the market [7][8]
Anthony Scaramucci Involved as AgriFORCE One Rebrands to an AVAX Treasury Company; Shares Rise 132%
Yahoo Finance· 2025-09-22 16:34
AgriFORCE Growing Systems (AGRI) is rebranding as AVAX One and launching a $550 million capital raise to become the first Nasdaq-listed company focused on acquiring avalanche (AVAX), the native token of the Avalanche blockchain, the company said in a press release Monday. Anthony Scaramucci, founder of investment firm Skybridge Capital, and a long-term advocate of digital assets, is joining as the head of the firm's advisory board. Shares of AgriFORCE were trading 132% higher following the announcement. ...
Helius (NASDAQ:HSDT) Begins Purchases of SOL, the Native Asset of Solana Blockchain
Globenewswire· 2025-09-22 11:00
Core Viewpoint - Helius Medical Technologies, Inc. has initiated its digital asset treasury strategy by acquiring Solana (SOL) tokens, demonstrating confidence in the Solana ecosystem and aiming to maximize shareholder value through strategic investments [1][2][3]. Company Strategy - The company has acquired over 760,190 SOL tokens at an average cost basis of $231, while holding over $335 million in cash to support its digital asset treasury strategy [1][8]. - Helius aims to leverage capital markets to generate consistent on-chain yield, focusing on accumulating SOL as part of its long-term strategy [8]. Market Position - Solana is recognized as the fastest growing blockchain, processing over 3,500 transactions per second and averaging about 3.7 million daily active wallets, with more than 23 billion transactions year to date [5]. - The SOL token offers a ~7% native staking yield, positioning it as a financially productive asset compared to non-yield-bearing assets like Bitcoin [5]. Stakeholder Engagement - The company has received support from various stakeholders within the Solana ecosystem, including staking providers and DeFi protocols, reinforcing its commitment to maximizing shareholder value [4].
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
-The Company announces a major strategic initiative to integrate digital assets into its business model and to establish a digital asset treasury ("DAT"), with digital assets limited to BTC, ETH and SOL — the three most established digital assets — designated as part of the Company's treasury assets. The Company emphasizes that its DAT Strategy will exclude other digital assets that do not meet standards of scale, liquidity, institutional adoption and regulatory transparency -The Company has formed a digita ...
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
Forward Industries (FORD) announced initial liquid solana (SOL-USD) purchases totaled 6.82M at an average of $232 per SOL for a total cost of approximately $1.58B. “Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,” said Kyle Samani, chairman of the board of directors of Forward Industries. “We are building the world’s largest Solana trea ...
BitMine Discloses $10.77B Crypto and Cash Holdings, Leads Global Ethereum Treasuries
FinanceFeeds· 2025-09-15 15:18
BitMine Immersion Technologies (NYSE: BMNR) recently published its latest figures: a total holdings of $10.77 billion in crypto, cash, and strategic investments as of September 14, 2025. BitMine’s reserves include 2,151,676 ETH (valued at $4,632 per ETH), 192 Bitcoin, $214 million in Eightco “moonshot” equity stakes, and $569 million in cash.The company ranks as the world’s largest Ethereum corporate treasury, and is currently second to Strategy Inc. (formerly MicroStrategy) in overall crypto holdings, with ...
Metavesco: ADHC Joins OTCfi Movement With Treasury Purchase
Prnewswire· 2025-09-15 13:14
"This marks a huge first step in bringing a bigger spotlight to the OTC," said Ryan Schadel, CEO of Metavesco. "We're building OTCfi to become the digital asset treasury token of the OTC and a banner the community can rally behind, so credible stories break through, more retail joins the conversation, and more quality issuers get the attention they deserve." ADHC commented:"Adding OTCfi as our first treasury holding aligns perfectly with our vision. This is a small but meaningful addition to our balance she ...