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DEFT Investors Have Opportunity to Lead DeFi Technologies, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-12-03 22:56
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of DeFi Technologies, Inc. securities, alleging that the company made false and misleading statements during the class period from May 12, 2025, to November 14, 2025, which negatively impacted investors [1][1][1] Summary by Relevant Sections Class Action Details - The class action lawsuit has already been filed, and investors who purchased DeFi Technologies securities during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][1][1] - Interested parties must move the court to serve as lead plaintiff by January 30, 2026 [1][1][1] Allegations Against DeFi Technologies - The lawsuit claims that DeFi Technologies faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver [1][1][1] - It is alleged that the company understated the competition it faced from other digital asset treasury companies, impacting its ability to execute its strategy [1][1][1] - The lawsuit states that DeFi Technologies was unlikely to meet its previously issued revenue guidance for the fiscal year 2025 due to these issues [1][1][1] - Defendants allegedly downplayed the negative impact of these issues on the company's business and financial results, leading to materially false and misleading public statements [1][1][1] Rosen Law Firm's Background - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [1][1][1] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [1][1][1]
Portnoy Law Firm Announces Class Action on Behalf of DeFi Technologies, Inc. Investors
Globenewswire· 2025-12-03 17:15
Core Viewpoint - DeFi Technologies, Inc. is facing a class action lawsuit due to alleged misleading statements and undisclosed issues affecting its business and financial results during the specified class period from May 12, 2025, to November 14, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that DeFi Technologies faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver [3]. - It is alleged that DeFi Technologies understated the competition from other digital asset treasury companies, impacting its ability to execute its strategy [3]. - The company is unlikely to meet its previously issued revenue guidance for the fiscal year 2025 due to these issues [3]. Group 2: Investor Impact - The lawsuit asserts that the defendants downplayed the severity of the negative impacts on DeFi Technologies' business and financial results [3]. - Investors suffered damages when the true details about the company's challenges became public [3]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in this case and offers complimentary case evaluations [2][4]. - The firm has a history of recovering over $5.5 billion for aggrieved investors [4].
Upexi to Participate in Upcoming December Investor Conferences
Globenewswire· 2025-12-03 13:00
Core Viewpoint - Upexi, Inc. is actively participating in multiple investor conferences in December 2025 to enhance investor engagement and showcase its focus on Solana and digital assets [1][2][3] Group 1: Investor Conferences - Upexi will attend the Benchmark's 14th Annual Discovery 1x1 Investor Conference on December 4, 2025, in New York City, with Chief Strategy Officer Brian Rudick representing the company [2] - The company will also participate in the Solana Breakpoint 2025 conference from December 11-13, 2025, in Abu Dhabi, where CEO Allan Marshall and Chief Strategy Officer Brian Rudick will be present for a panel discussion on December 12, 2025 [2] - A virtual webinar titled Webull CCS Investment Crypto/DAT will take place on December 17, 2025, featuring a presentation by Brian Rudick [3] Group 2: Company Overview - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL), currently holding over two million SOL [4] - The company employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases, aiming for disciplined and accretive growth [4] - Upexi also operates as a brand owner in the development, manufacturing, and distribution of consumer products, appealing to a diverse range of investors [4]
YZi Labs has Issued Formal Notice to 10X Capital and Cautions Shareholders of CEA Industries, Inc. Regarding the Value-Destructive Actions of 10X Capital, the Company's Asset Manager
Globenewswire· 2025-12-03 13:00
Core Viewpoint - YZi Labs Management Ltd. has issued a formal Notice and Demand for Corrective Action to 10X Capital Asset Management LLC, citing mismanagement, lack of transparency, and potential breaches of fiduciary duty that could lead to sustained depreciation of CEA Industries, Inc. share prices [1][2]. Group 1: Mismanagement and Governance Issues - YZi Labs accuses 10X of threatening to abandon the BNB Treasury Strategy, which was previously represented to investors as a key focus for a $500 million PIPE investment [2]. - The management of BNC has reportedly misled shareholders and caused significant value destruction, with BNC's stock trading approximately 19% below pre-PIPE announcement levels and 87% below post-announcement levels [4][14]. - There are claims of delayed disclosures regarding BNC's assets and a lack of a public dashboard for transparency, which are standard practices among other Digital Asset Treasury (DAT) leaders [5]. Group 2: Demands for Corrective Action - YZi Labs demands that 10X confirm compliance with the BNB Treasury Strategy by December 5, 2025, and provide assurance that BNB assets have not been improperly disposed of [3]. - The Notice calls for amendments to the Asset Management Agreement (AMA) and the release of fundamental information expected from a publicly traded DAT, including operational plans and risk frameworks [6]. - YZi Labs seeks timely updates on BNC's BNB holdings and other critical information to restore investor confidence [7]. Group 3: Shareholder Actions - YZi Labs plans to take necessary actions to protect shareholder interests, including soliciting consent to expand the Board with independent and experienced directors [8]. - A preliminary consent solicitation has been filed with the SEC to facilitate these changes [10].
Ethereum treasuries collapse 80% as the trade unwinds, Bitwise warns
Yahoo Finance· 2025-12-02 21:30
Core Insights - The Ethereum treasury boom is experiencing a significant decline, with purchases dropping 81% from August's peak of 1.97 million Ether to just 370,000 in November [1][5] - The trend mirrors previous cycles where the demand for alternative cryptocurrencies cannot be sustained by the same pool of capital [2] - Bitmine, a leading player in Ethereum treasury purchases, holds over 3.73 million Ether, significantly more than its competitors [6] Treasury Purchases - Ethereum treasury purchases peaked in August at 1.97 million Ether but fell to 370,000 in November, indicating a substantial decline in interest [5] - The monthly supply of new Ether remains constant at approximately 80,000, suggesting that while purchases still exceed supply, this gap is closing rapidly [5] Market Dynamics - The current market scenario is characterized by a "winner-takes-most" dynamic, with Bitmine dominating the Ethereum treasury space [3][6] - The structural bid for Ether may disappear if treasury buying continues to decline while supply remains constant, leading to falling market-cap-to-net-asset-value multiples [4] Future Outlook - The ongoing decline in treasury purchases is expected to impact the overall demand for Ether, as the gap between purchases and supply is shrinking [5] - The situation reflects a broader trend in the cryptocurrency market, where the emergence of alternatives leads to a redistribution of capital [2]
Forward Industries Provides Shareholder Update Following the Launch of its Solana Treasury Strategy
Businesswire· 2025-12-02 21:30
Group 1 - The company has launched a digital asset treasury strategy focused on Solana in September 2025 [1] - Forward Industries has rapidly built the largest Solana treasury in the world [1] - The company has established an institutional-grade foundation for its treasury operations [1]
Investor Notice: Robbins LLP Informs Investors of the DeFi Technologies Inc. Securities Class Action
Prnewswire· 2025-12-02 20:30
Core Viewpoint - A class action lawsuit has been filed against DeFi Technologies Inc. for allegedly misleading investors about its business prospects and financial performance during a specific period [1][2]. Group 1: Allegations and Financial Performance - The lawsuit claims that DeFi Technologies did not disclose delays in executing its DeFi arbitrage strategy, which was a key revenue driver [2]. - It is alleged that the company understated the competition it faced from other digital asset treasury (DAT) companies, impacting its ability to execute its strategy [2]. - As a result of these issues, DeFi Technologies is unlikely to meet its previously issued revenue guidance for fiscal year 2025 [2]. - On November 14, 2025, DeFi Technologies reported a revenue decline of nearly 20%, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million [3]. - The reduction in revenue forecast was attributed to delays in executing DeFi Alpha arbitrage opportunities due to increased competition and consolidation in digital asset price movements [3]. - Following the disappointing financial results, the company's stock price fell by $0.40 per share, or 27.59%, closing at $1.05 per share on November 17, 2025 [3]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action against DeFi Technologies Inc. and can contact Robbins LLP if they wish to serve as lead plaintiff [3]. - The lead plaintiff acts on behalf of other class members in directing the litigation, and shareholders do not need to participate in the case to be eligible for recovery [3].
Rosen Law Firm Urges DeFi Technologies, Inc. (NASDAQ: DEFT) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2025-12-02 17:13
Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit against DeFi Technologies, Inc. (NASDAQ: DEFT) on behalf of investors who purchased securities between May 12, 2025, and November 14, 2025, alleging that the company misled investors regarding its business operations and financial performance [1][2]. Allegations - The lawsuit claims that DeFi Technologies made false and misleading statements, failing to disclose significant delays in executing its DeFi arbitrage strategy, which was a key revenue driver [3]. - It is alleged that the company understated the competition it faced from other digital asset treasury companies, impacting its ability to execute its strategy [3]. - The lawsuit asserts that DeFi Technologies was unlikely to meet its previously issued revenue guidance for the fiscal year 2025 due to these issues [3]. - Defendants allegedly downplayed the severity of the negative impacts on the company's business and financial results, leading to materially false public statements [3]. - Investors reportedly suffered damages when the true details about the company's situation became public [3]. Next Steps for Investors - Shareholders interested in serving as lead plaintiffs must file their motions with the court by January 30, 2026 [4]. - Investors do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4]. Rosen Law Firm Background - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [6].
Upexi, Inc. Announces Closing of up to $23 Million Private Placement Common Stock and Warrants Offering
Globenewswire· 2025-12-02 13:00
Core Viewpoint - Upexi, Inc. has successfully closed a private placement offering, raising approximately $10 million, with potential additional proceeds of around $13 million from warrant exercises, aimed at enhancing its digital asset treasury strategy focused on Solana [1][5]. Group 1: Offering Details - The private placement involved 3,289,474 shares of common stock and warrants to purchase an equal number of shares at a combined purchase price of $3.04 [1]. - The total gross proceeds from the offering are approximately $10 million, with the potential for an additional $13 million from the exercise of warrants [1]. - The net proceeds will be utilized for working capital, general corporate purposes, and the company's internally managed SOL maximum return strategy [1]. Group 2: Company Overview - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) in a disciplined manner [5]. - The company employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases [5]. - Upexi currently holds over two million SOL and also specializes in the development, manufacturing, and distribution of consumer products [5].
CZ’s YZi Labs in Boardroom Coup Bid for World’s Largest BNB Treasury
Yahoo Finance· 2025-12-02 10:42
Core Viewpoint - CEA Industries Inc. is facing a governance battle initiated by YZi Labs, which seeks to overhaul the company's board and leadership amid significant share price decline despite holding a large BNB position [1][2]. Governance and Board Changes - YZi Labs has filed a consent solicitation with the SEC to expand BNC's board, repeal recent bylaw changes, and elect new directors [3]. - The filing includes a consent card for shareholders to support or reject the proposed changes [3]. - If a majority of shares consent, YZi Labs can restructure the board without a shareholder meeting [4]. Shareholder Concerns - YZi Labs, holding approximately 5% of BNC's shares, claims the current board has failed in timely disclosures and maintaining investor communications [4]. - The firm emphasizes that shareholders deserve a well-functioning board and warns of further shareholder value destruction if no action is taken [5]. Financial Performance - BNC's share price has plummeted over 92% from a peak of more than 600% increase in July, closing around $6.47 recently [6]. - The company's net asset value is reported at $8.09 per share, resulting in a market NAV multiple of approximately 0.8× [6]. Operational Issues - YZi Labs' filing highlights operational failures, including delays in registration documents for offerings and lack of investor updates [7].