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DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week
Businesswire· 2026-02-11 13:12
"Company†), a global Asian food platform and digital asset treasury company, today announced the acquisition of 100 Bitcoin (BTC), increasing its total holdings to 1,683 BTC under its structured Bitcoin accumulation program. This marks the Company's third Bitcoin purchase of 2026 and reflects its continued commitment to a disciplined approach to treasury management. DDC's strategy integrates digital assets as a...[Back to Newsroom] DDC Extends Bitcoin Accumulation Program into Fifth Consecutive Week-# DDC ...
Forward Industries Partners with Sanctum to Launch fwdSOL Liquid Staking Token
Businesswire· 2025-12-02 21:05
Core Insights - Forward Industries has announced a strategic partnership with Sanctum to launch fwdSOL, a new liquid staking token (LST) that will allow the company to generate staking yield on SOL while exploring additional returns through DeFi and institutional borrowing strategies [1][2]. Group 1: Partnership and Token Launch - The partnership will see Forward Industries delegate approximately 1,725,100 SOL to Sanctum, representing 25% of the company's SOL holdings, which will be converted into fwdSOL [2]. - By utilizing fwdSOL, Forward Industries aims to earn native staking yield while also deploying the token across various on-chain opportunities to enhance performance, including using it as collateral for borrowing assets [2][4]. Group 2: Strategic Goals and Statements - Kyle Samani, Chairman of Forward Industries, emphasized that this initiative reflects the company's commitment to maximizing the potential of its SOL holdings and enhancing capital deployment efficiency [4]. - FP Lee, Co-Founder & CEO of Sanctum, noted that Forward Industries' approach to treasury management exemplifies how liquid staking can facilitate more sophisticated on-chain strategies while maintaining liquidity [4]. Group 3: Company Background and Future Plans - Forward Industries has been active in developing a Solana treasury strategy since September 2025, focusing on acquiring SOL and increasing SOL-per-share through tailored strategies and active treasury management [5]. - The company is supported by prominent investors and partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital, which enhances its strategic positioning in the digital asset economy [5].
Circle Reports Third Quarter 2025 Results
Businesswire· 2025-11-12 11:25
Core Insights - Circle Internet Group, Inc. reported strong financial results for Q3 2025, highlighting significant growth in revenue and net income, driven by the increasing adoption of USDC and the launch of the Arc public testnet [3][4][5]. Financial Highlights - Total revenue and reserve income reached $740 million, a 66% increase year-over-year [4][5]. - Net income from continuing operations was $214 million, reflecting a 202% year-over-year increase [4][5]. - Adjusted EBITDA was $166 million, up 78% year-over-year, with an adjusted EBITDA margin of 57% [4][5][10]. - USDC in circulation grew to $73.7 billion, marking a 108% increase year-over-year [5][6]. Corporate & Commercial Highlights - The Arc public testnet was launched with participation from over 100 companies across various sectors, indicating strong interest in programmable financial infrastructure [3][5][10]. - Circle is exploring the launch of a native token on the Arc network to enhance network participation and adoption [10][11]. - The Circle Payments Network (CPN) expanded to include 29 financial institutions, with 500 more in the pipeline, demonstrating growing commercial partnerships [5][16]. Key Operating Indicators - Average USDC in circulation was $67.8 billion, a 97% increase year-over-year [6]. - The stablecoin market share reached 29%, up 643 basis points [6]. - The number of meaningful wallets holding USDC increased to 6.3 million, a 77% growth [6]. Recent Developments - Reserve income increased to $711 million, a 60% year-over-year growth, primarily due to the rise in average USDC circulation [10][22]. - Other revenue surged to $29 million, up from $1 million year-over-year, driven by subscription and services revenue [10][22]. - Total distribution, transaction, and other costs rose to $448 million, a 74% increase year-over-year, reflecting higher distribution payments due to increased USDC circulation [10][22].