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Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Bitcoin Treasury Company Nakamoto Sells Approximately 600 BTC to Repay Debt
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
Solana Infrastructure Company Helius Acquires Light Protocol to Advance On-Chain Privacy Infrastructure
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
Coinbase Founder's New Company NewLimit Raises $435 Million in Series C Funding, Valued at $3.1 Billion
: NewLimit, a longevity technology startup co-founded by Coinbase founder Brian Armstrong, announced the completion of a $435 million Series C funding round, achieving a valuation of $3.1 billion. The round was led by Peter Thiel's fund, Founders Fund, with continued participation from Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, Valor Equity Partners, and others. New investors introduced in this round include Thrive Capital, Greenoaks, and Quiet Capital.In 2021, Brian Armstrong, along with former GV partner and bioengineer Blake Byers and stem cell biologist Jacob Kimmel, jointly invested $110 million to establish NewLimit in South San Francisco.
“New Stock God” Serenity Reportedly Responds to Potential Sivers Investigation: Sivers Should Transform into a U.S. Company While Retaining Its European Subsidiary to Position Itself in the Photonics Market
“New Stock God” Serenity posted on X, seemingly responding to the potential investigation into Sivers, stating that Sivers (SIVE) should fully transform into a U.S. company, with Nasdaq listing as the first step—given that the company already possesses a U.S. capital structure, a significant equity stake, and support under the CHIPS Act. Such a transformation would deliver higher valuation premiums and M&A opportunities. Meanwhile, negative reporting by Swedish local media—allegedly influenced by short sellers—is hindering the development of AI photonics, whereas the U.S. market offers greater financing opportunities and support from institutions, funds, and indices.
Stock prices of multiple crypto treasury firms declined as they pivoted toward exploring digital credit fundraising, but sustainability remains questionable.
According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.
Japanese Bitcoin Treasury Company Metaplanet Acquires Licensed Securities Firm Siiibo Securities
Odaily, Japanese Bitcoin treasury company Metaplanet has reached an agreement to acquire 100% of the equity in Siiibo Securities, a licensed Type 1 securities firm in Japan. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities.Metaplanet stated that this acquisition is its first major M&A deal and the first concrete step in executing its long-term strategy, "Project Nova," which aims to build a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities' Type 1 securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-linked yield products for Japanese investors.Metaplanet announced that its balance sheet currently holds 40,177 BTC. Following this acquisition, Metaplanet Securities will leverage its securities business license to offer new Bitcoin yield investment opportunities in the Japanese market. The company recognized the Siiibo Securities team's previous achievements in building Japan's online corporate bond market, and the merger will further promote the development of Bitcoin-related financial products in Japan.
Bitcoin Treasury Company Nakamoto Sells Approximately 600 BTC to Repay Debt
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
UK FCA Warns Football Clubs to Exercise Caution Regarding Unauthorized Crypto Company Sponsorship Agreements
According to The Block, the UK’s Financial Conduct Authority (FCA) has sent letters to football clubs—including English Premier League clubs—warning them to exercise caution when entering into sponsorship agreements with unauthorized cryptocurrency firms, in order to protect fans from financial risks.
U.S. CFTC Appoints Patrick Schorno as Chief Economist to Strengthen Regulatory Economic Analysis Capabilities
Odaily Odaily Planet Daily reports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced the appointment of Dr. Patrick J. Schorno as the agency's Chief Economist. In this role, he will provide economic advisory support to the Commission and integrate regulatory cost-benefit analysis and related research work. It is reported that this appointment aims to strengthen economic analysis capabilities for the U.S. derivatives market, enhance the transparency and scientific rigor of regulatory policies, and support ongoing regulatory coordination efforts with the U.S. Securities and Exchange Commission (SEC).Dr. Schorno previously served as Deputy Chief Economist at the Public Company Accounting Oversight Board (PCAOB), held the position of Executive Director at Ally Financial, and worked as a Financial Economist at the Federal Reserve Bank of Richmond. His research has been published in journals such as the Journal of Banking & Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance.The CFTC stated that this appointment will further enhance its economic analysis capabilities in the formulation of financial regulatory policies.
“New Stock God” Serenity Reportedly Responds to Potential Sivers Investigation: Sivers Should Transform into a U.S. Company While Retaining Its European Subsidiary to Position Itself in the Photonics Market
“New Stock God” Serenity posted on X, seemingly responding to the potential investigation into Sivers, stating that Sivers (SIVE) should fully transform into a U.S. company, with Nasdaq listing as the first step—given that the company already possesses a U.S. capital structure, a significant equity stake, and support under the CHIPS Act. Such a transformation would deliver higher valuation premiums and M&A opportunities. Meanwhile, negative reporting by Swedish local media—allegedly influenced by short sellers—is hindering the development of AI photonics, whereas the U.S. market offers greater financing opportunities and support from institutions, funds, and indices.
Paxos receives SEC clearing agency registration approval
blockchain infrastructure platform and stablecoin issuer Paxos has announced that its subsidiary, Paxos Securities Settlement Company, has obtained registration as a clearing agency with the U.S. SEC, allowing it to provide clearing and settlement services as a central securities depository in the United States. In October 2019, the SEC issued a no-action letter to Paxos, permitting a pilot for blockchain-based U.S. stock settlement services, which went live in February 2020. Paxos stated that the pilot achieved same-day settlement, reduced costs, and improved operational efficiency within a regulated framework. Stablecoins and digital assets issued by Paxos include PayPal USD, Global Dollar, and Pax Gold. The SEC issued a Wells Notice to Paxos in 2023 regarding the issuance of Binance USD and concluded its investigation in 2024. Additionally, Paxos reached a $48.5 million settlement with the NYDFS in August 2025 concerning compliance issues related to Binance and BUSD. (Cointelegraph)
Stock prices of multiple crypto treasury firms declined as they pivoted toward exploring digital credit fundraising, but sustainability remains questionable.
According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.
Harvard's crypto holdings lose over $150 million in one year, chasing BTC at highs before dumping ETH
according to on-chain analyst Ai Yi's monitoring, Harvard Management Company first established a cryptocurrency position during the market rally in Q2 2025; in Q3, when BTC prices were near all-time highs, it significantly increased its holdings, boosting the number of shares by 257%, with IBIT once accounting for 20% of its portfolio, making it the largest public holding. In Q4, as the market declined, it reduced its BTC holdings while establishing an ETH position, only to clear all ETH after holding for just one quarter and exiting at a loss. Its BTC cost basis ranged from $107,000 to $114,000, while the ETH cost basis was $4,000. Over the year, it incurred losses exceeding $150 million in the crypto space.
Altman: OpenAI to Operate as "Permanently Low-Profit" Company, Aiming to Follow Stripe's Model
Odaily OpenAI CEO Sam Altman stated at Stripe Sessions that OpenAI aspires to become an infrastructure company that is "permanently low-profit, yet massive and fast-growing," offering products akin to "smart meters" that allow anyone to purchase them to automate businesses, develop products, or embed them into their own services. He compared OpenAI to Stripe, noting that their model is usage-based billing, and as the internet scales, both Stripe and its users benefit.Altman revealed that OpenAI has already signed 20-year contracts for electricity and land to support this goal. He acknowledged that switching costs in AI are low, and the recent massive influx of users from competing programming tools to Codex proves that the smarter AI becomes, the easier it is to switch platforms. He pointed out that while some companies might try to capture the entire industry chain, OpenAI does not plan to do so, believing that models and data centers are a whole, and other companies can build products on top of them.Altman also emphasized that businesses should not overestimate AI's impact on existing business structures. Although AI has changed many existing processes, good products will still survive in the market. He specifically mentioned that Shopify CEO Toby Lütke is the best AI adopter he has ever seen.
U.S. FBI Joins Forces with Multiple Countries to Dismantle Several “Pig Butchering” Cryptocurrency Fraud Networks, Arresting 276 Suspects
According to Fox News, the U.S. Federal Bureau of Investigation (FBI), in collaboration with law enforcement agencies in Dubai, China, and Thailand, conducted a large-scale multinational joint operation that successfully dismantled at least nine overseas cryptocurrency scam centers and arrested 276 suspects, involving millions of dollars in illicit funds. In this operation, the U.S. District Court for the Southern District of California filed federal charges of wire fraud and money laundering against six suspects. Those charged include nationals from Myanmar and Indonesia, who operated scam organizations under names such as “Sanduo Group” and “Giant Company.” Dubai police arrested 275 suspects, while the Royal Thai Police apprehended one additional fugitive. These scam networks employed the “pig-butchering” scheme—building fake friendships or romantic relationships to gain victims’ trust, then luring them into transferring funds to fraudulent cryptocurrency investment platforms, after which the proceeds were laundered and transferred to criminal accounts. This operation aligns with the executive order signed by Trump on March 6, 2026, aimed at combating overseas criminal networks that exploit U.S. citizens. The FBI’s dedicated initiative, “Operation Level Up,” has notified approximately 9,000 victims and recovered roughly $562 million in losses for U.S. citizens. The FBI urges victims to report incidents through the Internet Crime Complaint Center (IC3).
TD Cowen reiterates its Buy rating; Smarter Web Company remains the only scaled Bitcoin treasury company in the UK.
According to The Block, TD Cowen analysts Lance Vitanza and Jonnathan Navarrete reiterated their “Buy” rating on UK-listed Smarter Web Company, maintaining their price target at £1 (approximately $1.36). The analysts noted that the company recently acquired additional bitcoin for approximately £57,000 (about $77,000), effectively lowering its marginal holding cost. Its leverage ratio of roughly 8% is considered relatively conservative compared to peers. Smarter Web currently holds 2,750 BTC, making it the largest corporate bitcoin holder in the UK and the 27th-largest publicly disclosed bitcoin treasury globally. However, with bitcoin’s current price hovering around $77,600—significantly below the company’s average acquisition price of $110,800—its holdings are sitting on an unrealized loss of approximately $91.1 million, representing a decline of roughly 30%.
ZEC Treasury Company Cypherpunk Responds to Price Volatility: All Software Has Vulnerabilities, Zcash Will Demonstrate Security Capabilities
Odaily, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.
ZEC Treasury Company Cypherpunk Responds to Market Volatility: All Software Contains Vulnerabilities; Formal Verification Will Enhance Security
Cypherpunk, the ZEC treasury company, responded on X to the market volatility of the ZEC token, stating that all software contains vulnerabilities and citing the historical Bitcoin incident in which a bug led to the accidental minting of 184 billion BTC. However, this does not mean blockchain technology should be abandoned; instead, security should be enhanced through formal verification and provable correctness.
Syndicate Development Company to Gradually Cease Operations, SYND Governance Unaffected in Short Term
Syndicate, a DAO infrastructure service provider, has announced it will gradually cease operations. It stated that after five years of continuously building on-chain developer infrastructure, the Rollup market has undergone fundamental changes. Currently, the Rollup market has significantly shrunk, some Rollup projects are gradually shutting down, and the market has shifted from EVM Rollups to custom chains built from scratch by consulting teams, leading to a notable decline in reusable technology and network value.Syndicate stated that its system consists of two parts: Syndicate Labs, responsible for development, will be closed, while the independent entity Syndicate Network Collective (Wyoming DUNA), which holds SYND tokens and has governance rights, will continue to exist. SYND governance will not be affected in the short term.Furthermore, Syndicate emphasized that this decision to cease operations is unrelated to recent cross-chain security incidents. Affected users and SYND holders have been fully compensated through the treasury reserves, and team and investor tokens are currently still in a lock-up period.
Hang Seng Hong Kong-US Tech Index to Include SpaceX
Hang Seng Indexes Company issued an announcement stating that SpaceX will be listed on June 12, 2026. Therefore, the compilation methodology for the Hang Seng Hong Kong-US Tech Index will add SpaceX (stock code: SPCX.O) to the designated list of US constituent stocks (currently: the Magnificent Seven).The weights of the eight US-listed constituent stocks will be recalculated to equal weight after the market close on June 23, 2026 (SpaceX's 7th trading day). The new constituent stock and the updated constituent weights will take effect on June 29, 2026 (SpaceX's 11th trading day).SpaceX's president stated that the company will focus on the long term and is less concerned with quarterly performance.
Bitcoin Treasury Company Nakamoto Sells Approximately 600 BTC to Repay Debt
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
Solana Infrastructure Company Helius Acquires Light Protocol to Advance On-Chain Privacy Infrastructure
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
Delphi Digital: Only About 12% of Newly Listed Tokens on CEXs Since January Last Year Have Outperformed Their Issuance Price, Reflecting Market Depth Imbalance
Delphi Digital has released its "Token Market Status Report," indicating that the token market in this cycle has been suppressed by multiple structural issues, including token unlocks occurring on a fixed schedule regardless of project performance, protocol revenues failing to effectively flow back to token holders, and airdrops gradually evolving into sources of exit liquidity.The report shows that since January 2025, among all newly listed tokens on major centralized exchanges (CEX), if purchased on the listing day and held to the present, an average investment of $1,000 would have dwindled to approximately $500. The median decline is 82%, with only about 12% of tokens still trading above their issuance price, reflecting a market structure that prioritizes "listing quantity over quality."Regarding tokenomic design, the research points out that across more than 400 unlock events, within a sample of 33, 28 tokens significantly underperformed relative to Bitcoin in the three weeks before and after the unlock, resulting in an average excess loss of approximately 7%. Moreover, most unlocks occur within 30 days, making it difficult for the market to effectively absorb the supply shock.The report also notes that the long-standing industry issue of "missing value accrual" is beginning to change. An increasing number of protocols are starting to use "Fee Switch" mechanisms to return revenue to token holders. For example, Hyperliquid allocates nearly all its fees to buybacks, Uniswap is burning 100 million UNI tokens, Jupiter uses 50% of its fees for buybacks locked for three years, and Aave has passed a DAO-approved weekly buyback plan of $1 million.However, the report emphasizes that fee-based buybacks alone are insufficient to resolve supply pressure. For instance, the scale of buybacks for some projects still cannot offset the selling pressure from token unlocks, leading to a situation where "buybacks only offset inflation but fail to generate net buying pressure."Simultaneously, the structure of institutional capital is shifting. Institutional holdings of Bitcoin-related ETFs like IBIT have grown 62% year-over-year, with advisory channels increasing by 204% and sovereign wealth funds and endowments rising by 228%, while arbitrage-focused hedge funds continue to exit. Long-term capital, including BlackRock, Morgan Stanley, and Mubadala Investment Company, is increasing its allocation.The report concludes that in the next phase, more attractive token assets will simultaneously feature "revenue accrual mechanisms" and "supply release structures linked to protocol performance." However, the current market remains in the early stages of structural repair.
ZEC Treasury Company Cypherpunk Responds to Price Volatility: All Software Has Vulnerabilities, Zcash Will Demonstrate Security Capabilities
Odaily, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.
U.S. CFTC Appoints Patrick Schorno as Chief Economist to Strengthen Regulatory Economic Analysis Capabilities
Odaily Odaily Planet Daily reports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced the appointment of Dr. Patrick J. Schorno as the agency's Chief Economist. In this role, he will provide economic advisory support to the Commission and integrate regulatory cost-benefit analysis and related research work. It is reported that this appointment aims to strengthen economic analysis capabilities for the U.S. derivatives market, enhance the transparency and scientific rigor of regulatory policies, and support ongoing regulatory coordination efforts with the U.S. Securities and Exchange Commission (SEC).Dr. Schorno previously served as Deputy Chief Economist at the Public Company Accounting Oversight Board (PCAOB), held the position of Executive Director at Ally Financial, and worked as a Financial Economist at the Federal Reserve Bank of Richmond. His research has been published in journals such as the Journal of Banking & Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance.The CFTC stated that this appointment will further enhance its economic analysis capabilities in the formulation of financial regulatory policies.
Related news
Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Salesforce to Acquire AI Customer Service Agent Company Fin for Approximately $3.6 Billion
According to Bloomberg, Salesforce has agreed to acquire Fin—a company developing AI-powered customer agents—for approximately $3.6 billion, advancing its enterprise AI business strategy.
Meta CEO Admits 'Missteps' in AI Team Restructuring as Company Continues Billions in AI Investment
: Meta CEO Mark Zuckerberg acknowledged that the company experienced "missteps" during the restructuring of its AI team, as Meta continues to invest billions of dollars in AI development. (Cointelegraph)
Hang Seng Hong Kong-US Tech Index to Include SpaceX
Hang Seng Indexes Company issued an announcement stating that SpaceX will be listed on June 12, 2026. Therefore, the compilation methodology for the Hang Seng Hong Kong-US Tech Index will add SpaceX (stock code: SPCX.O) to the designated list of US constituent stocks (currently: the Magnificent Seven).The weights of the eight US-listed constituent stocks will be recalculated to equal weight after the market close on June 23, 2026 (SpaceX's 7th trading day). The new constituent stock and the updated constituent weights will take effect on June 29, 2026 (SpaceX's 11th trading day).SpaceX's president stated that the company will focus on the long term and is less concerned with quarterly performance.
Japanese Bitcoin Treasury Company Metaplanet Acquires Licensed Securities Firm Siiibo Securities
Odaily, Japanese Bitcoin treasury company Metaplanet has reached an agreement to acquire 100% of the equity in Siiibo Securities, a licensed Type 1 securities firm in Japan. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities.Metaplanet stated that this acquisition is its first major M&A deal and the first concrete step in executing its long-term strategy, "Project Nova," which aims to build a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities' Type 1 securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-linked yield products for Japanese investors.Metaplanet announced that its balance sheet currently holds 40,177 BTC. Following this acquisition, Metaplanet Securities will leverage its securities business license to offer new Bitcoin yield investment opportunities in the Japanese market. The company recognized the Siiibo Securities team's previous achievements in building Japan's online corporate bond market, and the merger will further promote the development of Bitcoin-related financial products in Japan.
Bitcoin Treasury Company Nakamoto Sells Approximately 600 BTC to Repay Debt
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.