Digital asset treasury management
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Digital Currency X Technology Inc. Regains Compliance with Nasdaq Bid Price Requirement and Hearing Cancelled
Globenewswire· 2026-02-20 13:15
Core Viewpoint - Digital Currency X Technology Inc. has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market [1][2]. Group 1: Compliance and Listing Status - The company received a notification from Nasdaq confirming compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) [1]. - A previously scheduled hearing on February 24, 2026, has been canceled due to the company's regained compliance [2]. - The company's securities will continue to be listed and traded on the Nasdaq Capital Market without interruption [2]. Group 2: Company Overview - Digital Currency X Technology Inc. is a pioneering digital asset treasury management company focused on secure cryptocurrency custody and storage solutions [3]. - The company is positioned at the forefront of institutional digital asset adoption and is executing a comprehensive digital currency strategy [3]. - Key components of the company's strategy include treasury optimization, participation in decentralized finance (DeFi) ecosystems, and development of advanced custody infrastructure [3].
Digital Currency X Technology Inc. Announces 12 for 1 Share Consolidation
Globenewswire· 2026-01-20 11:30
Core Viewpoint - Digital Currency X Technology Inc. has announced a share consolidation on a 12 for 1 ratio to regain compliance with Nasdaq listing requirements, effective January 22, 2026 [1][2]. Share Consolidation Details - The share consolidation will automatically convert every 12 ordinary shares into one ordinary share without requiring action from shareholders [3]. - No fractional shares will be issued; shareholders will receive one full share instead of any fractional share resulting from the consolidation [3]. Changes in Share Capital - The authorized share capital will remain at US$3,000,000,000, but the structure will change from 10,000,000,000 shares of par value US$0.3 to approximately 833,333,333 shares of par value US$3.6 [4]. - The total issued and outstanding Class A ordinary shares will decrease from 234,717,048 shares to approximately 19,559,754 shares, while Class B ordinary shares will decrease from 16,001 shares to approximately 1,334 shares [4]. Company Overview - Digital Currency X Technology Inc. is focused on digital asset treasury management, with treasury holdings exceeding US$1.4 billion [5]. - The company aims to develop secure cryptocurrency custody solutions and is actively participating in decentralized finance (DeFi) ecosystems [5].
Jim Cramer on Bitmine Immersion: “Let’s Steer Clear of That”
Yahoo Finance· 2025-12-21 15:13
Core Insights - Jim Cramer expressed skepticism about Bitmine Immersion Technologies, Inc. (NYSE:BMNR), indicating that it is part of a "year of magical investing" that he believes is over, advising investors to avoid it [1] - Bitmine focuses on blockchain-related activities, including digital asset treasury management, advisory services, and mining equipment leasing and sales [1] - Cramer referenced a detailed analysis by his colleague regarding the company's share value, ultimately advising against investing in BMNR [1] Company Overview - Bitmine Immersion Technologies, Inc. is involved in the bitcoin ecosystem, providing services related to digital assets and mining equipment [1] - The company is positioned within the blockchain sector, which has seen fluctuating investor interest [1] Investment Perspective - While acknowledging the potential of BMNR, the analysis suggests that certain AI stocks may offer better upside potential and lower downside risk [1]
Chief Strategy Officer Wilfred Daye's Article Published by CoinsPaid Media Reflects MFH's Strategic Vision for Digital Asset Treasuries
Globenewswire· 2025-10-03 12:30
Core Insights - Mercurity Fintech Holding Inc. (MFH) published an article by Chief Strategy Officer Wilfred Daye discussing digital asset treasury strategies and associated risks [1][2] - The article emphasizes the evolution of Digital Asset Treasuries (DAT) from a simple 'buy-and-hold' strategy to a more sophisticated capital markets discipline [3] Digital Asset Treasury Strategies - DAT companies utilize market-to-net-asset-value dynamics, convertible securities, and preferred stock to accumulate Bitcoin [2] - Key risks identified include market-to-net-asset-value ratio (mNAV) compression, refinancing exposure, and index-eligibility considerations [2] MFH's Approach - MFH aims to align treasury design with institutional-grade safeguards, clear risk limits, transparent disclosures, and diversified liquidity [3] - The company focuses on connecting traditional finance with crypto-native assets through compliant structures and prudent balance-sheet management [3] Treasury & Capital-Markets Principles - Risk-aware accumulation is emphasized, advising the judicious use of market windows and avoiding destructive issuance under unfavorable mNAV conditions [7] - Financing discipline is highlighted, treating convertible securities and preferred stock as leverage tools with explicit guardrails [7] - Liquidity and transparency are prioritized, ensuring robust disclosures and auditability suitable for institutional allocators [7] - The company advocates for evolution beyond Bitcoin reliance by investing in infrastructure and partnerships that create operating revenue [7]