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Hyperscale Data Reports Weekly and Total $XRP Purchases
Prnewswire· 2025-08-12 10:30
Core Viewpoint - Hyperscale Data, Inc. is actively expanding its investment in digital assets, particularly $XRP, through its subsidiary Sentinum, with a commitment to purchase up to $10 million worth of $XRP as part of its cryptocurrency investment strategy [3] Group 1: Acquisition Details - Sentinum acquired 8,150 tokens of $XRP at an average price of $3.0712, totaling approximately $25,000 during the week of August 4 to August 10, 2025 [1] - Following this acquisition, Sentinum's total holdings of $XRP reached 15,100 tokens, valued at approximately $49,490.25 based on the closing price of $3.2775 on August 10, 2025 [2] Group 2: Strategic Commitment - The company plans to report Sentinum's $XRP acquisitions weekly, enhancing transparency in its digital asset investment activities [3] - The company has paid down approximately $25 million of non-affiliated debt, improving its financial position to focus on long-term value initiatives, including its AI-driven data center platform [3] Group 3: Future Plans - The company anticipates increasing the pace of $XRP purchases in the coming weeks as part of its disciplined dollar cost averaging strategy [3] - Hyperscale Data is evaluating opportunities to enhance its digital asset strategy, which may include retaining a portion of mined Bitcoin and expanding its digital asset reserves [3]
BEN Witnesses Steady Rise in AUM: What's Driving the Rally?
ZACKS· 2025-08-06 17:01
Core Insights - Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.62 trillion for July 2025, reflecting a slight increase from the previous month due to market gains and flat long-term net inflows, which included $3 billion of long-term net outflows at Western Asset Management [1][10]. AUM Breakdown - Equity assets reached $662.8 billion, marking a 1% increase from the previous month. Multi-asset AUM was $184.7 billion, also up nearly 1%. Cash management balance increased marginally to $72 billion. However, fixed income AUM declined to $440 billion, and alternative AUM fell to $257.5 billion [2]. Growth Trends - Over the last five fiscal years ending in 2024, BEN's AUM experienced a compound annual growth rate (CAGR) of 3.1%, with continued growth in the first nine months of fiscal 2025. Strategic acquisitions have played a significant role in supporting this growth [3]. Strategic Partnerships and Acquisitions - In July 2024, Franklin partnered with Japan's SBI Holdings to focus on ETFs and emerging asset classes, including digital assets and cryptocurrencies. The acquisition of Putnam Investments in January 2024 is expected to enhance Franklin's growth in the retirement sector, increasing its defined contribution AUM to over $100 billion [4]. Diversification Efforts - Franklin's strategy to diversify into asset classes with growing client demand is anticipated to drive AUM growth. A regionally-focused distribution model has improved BEN's non-U.S. business, resulting in favorable net flows [5]. Competitor Performance - Competitors like Invesco and T. Rowe Price have also shown AUM growth. Invesco's AUM grew at a CAGR of 8.5% over the last five years, while T. Rowe Price's AUM saw a CAGR of 2.3% over the past four years [6][8]. Price Performance and Valuation - Franklin's shares have increased by 24.4% in 2025, contrasting with a marginal decline in the industry. The company trades at a forward price-to-earnings (P/E) ratio of 10.91, which is below the industry average [9][11]. Earnings Estimates - The Zacks Consensus Estimate indicates a year-over-year decline of 13% in fiscal 2025 earnings, with a projected growth of 14.7% for fiscal 2026. Earnings estimates for both years have been revised upward over the past 30 days [12].
Top Win International Limited (Nasdaq: SORA), and Simon Gerovich of Metaplanet partner with KCGI, Korea’s premier financial group, in planned investment in SGA Co., Ltd., a KOSDAQ-listed software services provider
Globenewswire· 2025-07-14 12:12
Group 1 - Top Win International Limited has partnered with Simon Gerovich and KCGI for a planned investment in SGA Co., Ltd, which has received board approval for a third-party share issuance to this consortium [1][2] - Upon completion of the investment, the consortium will become the largest shareholder of SGA Co., Ltd, with proceeds aimed at strategic asset acquisitions and general corporate purposes [2] - SGA Co., Ltd plans to leverage the consortium's global network and expertise to pursue new initiatives in the digital asset space while maintaining its core business operations [2] Group 2 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and has recently ventured into the Web3 ecosystem and digital assets as part of its future business direction [3]
Top Win International (Nasdaq: SORA) Launches Voluntary Tender Offer for Thai Listed Company
Globenewswire· 2025-07-07 13:35
Group 1 - Top Win International Limited, through its subsidiary AsiaStrategy, intends to make a tender offer for the securities of DV8 Public Company Limited, a company listed on The Stock Exchange of Thailand [1][2] - AsiaStrategy plans to acquire up to 152,842,577 ordinary shares, representing 11.58% of DV8's total issued and paid-up share capital, at an offer price of THB 0.56 per share and THB 0.01 per warrant [2] - The offer period is expected to close on August 20, 2025, and is subject to acceptance by DV8's security holders [2] Group 2 - The transaction is supported by a coalition of Bitcoin visionaries and strategic investors, marking a significant moment for Thailand's capital markets [3] - This alliance includes leaders from Bitcoin treasury companies across multiple stock exchanges and institutional investors from various regions [3] Group 3 - Top Win International Limited specializes in the trading, distribution, and retail of luxury watches and is expanding into the Web3 ecosystem to focus on digital assets [4] - The company has been operational since 2001 and is headquartered in Wan Chai, Hong Kong [4]
Mercurity Fintech Officially Joins Russell 2000 Index
GlobeNewswire· 2025-06-30 13:00
Group 1 - Mercurity Fintech Holding Inc. has officially joined the Russell 2000® Index, effective after the U.S. market close on June 27, 2025, enhancing institutional investor access and market visibility [1][2] - The company has also been included in the broader Russell 3000® Index, which signifies a significant milestone for gaining access to a wider base of institutional investors [2][3] - The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 [3] Group 2 - As of June 2024, approximately $10.6 trillion in assets were benchmarked to Russell U.S. indexes, which are maintained by FTSE Russell, serving as benchmarks for investment managers and institutional investors [4] - The inclusion in the Russell Index is expected to increase awareness and visibility for Mercurity Fintech among professional investment managers, potentially leading to greater institutional investment [3][5] - The company aims to bridge traditional finance and digital innovation, offering services that span digital assets, financial advisory, and capital markets solutions [5]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Strategy Incorporated (f/k/a MicroStrategy Incorporated) – MSTR
GlobeNewswire News Room· 2025-05-05 18:05
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices by Strategy Incorporated, following significant financial losses reported by the company [1][3]. Financial Performance - Strategy disclosed a $5.91 billion unrealized loss on its digital assets for Q1 2025, which is anticipated to lead to a net loss for the quarter [3]. - The company expressed concerns about its ability to regain profitability in future periods, particularly if it continues to incur significant unrealized losses related to its digital assets [3]. Market Reaction - Following the announcement of the financial losses, Strategy's stock price experienced a sharp decline during intraday trading on April 7, 2025 [3].