Latest news with #SecurityFirst
Miami Herald
5 days ago
- Business
- Miami Herald
Security First International Holdings, Inc. Forges Groundbreaking Joint Venture with BTCx Developers to Establish Shareholder-Backed, Non-Custodial Bitcoin Treasury Reserve
FORT LAUDERDALE, FL / ACCESS Newswire / August 4, 2025 / Security First International Holdings, Inc. (OTC:SCFR), a diversified holding company with a focus on innovative financial solutions, today announced a strategic joint venture with the BTCx Developer Team, the creators of BTCx, a leading Bitcoin derivative token. This partnership aims to pioneer a revolutionary model for corporate treasury management, allowing Security First to integrate Bitcoin exposure into its balance sheet while empowering its shareholders with a unique non-custodial backing mechanism. This groundbreaking initiative will enable Security First International Holdings, Inc. to utilize BTCx as a core component of its corporate treasury reserves. What sets this venture apart is the innovative "shareholder-backed derivative reserve" model, designed to align the company's digital asset strategy with the principles of decentralization and individual asset control. Under this model, participating Security First shareholders will have the unprecedented opportunity to voluntarily contribute their native Bitcoin (BTC) to a highly secure, transparent, and auditable multi-party computation (MPC) vault or a decentralized proof-of-reserve protocol managed by the BTCx developers. Crucially, these shareholders will retain ultimate control over their private keys through advanced cryptographic techniques, ensuring they never relinquish sole custody of their underlying Bitcoin. In return for their participation, these shareholders will receive newly minted BTCx tokens directly to their personal wallets, maintaining a verifiable 1:1 peg with their locked BTC. Security First's corporate treasury will then acquire BTCx tokens, which are directly backed by this collective, shareholder-controlled Bitcoin reserve. This innovative structure provides Security First with Bitcoin price exposure and the flexibility of a tokenized asset, while offering unparalleled transparency and aligning directly with the self-custody ethos valued by the crypto community. "This joint venture with the BTCx Developer Team represents a monumental leap forward for corporate treasury management and shareholder empowerment," said Brian Fowler, CEO of Security First International Holdings, Inc. "We are not just adding Bitcoin to our balance sheet; we are doing so in a way that respects the foundational principles of decentralization and individual ownership. By allowing our shareholders to non-custodially back our BTCx reserves, we are building a treasury strategy that is both secure and deeply aligned with our investor base, setting a new standard for public companies embracing digital assets." The BTCx Developer Team brings robust blockchain infrastructure and expertise in maintaining the integrity and peg of the BTCx token. This collaboration will ensure the highest levels of security, transparency, and auditability for the underlying Bitcoin reserves. Lead Developer for the BTCx Team, commented, "We are thrilled to partner with Security First International Holdings, Inc. on this visionary project. Their commitment to a non-custodial, shareholder-aligned treasury model perfectly showcases the power and flexibility of BTCx. This initiative will not only bolster Security First's financial strategy but also serve as a powerful testament to the utility and trustworthiness of tokenized Bitcoin in institutional settings." The joint venture is expected to provide Security First with enhanced liquidity for its digital asset holdings, potential for yield generation through DeFi integrations enabled by BTCx, and a clear, auditable pathway for Bitcoin adoption. For shareholders, it offers a unique opportunity to support the company's growth while maintaining direct control over their Bitcoin. About Security First International Holdings, Inc.: Security First International Holdings, Inc. (OTC:SCFR) is a diversified holding company focused on identifying and developing innovative solutions across various sectors. With a commitment to security, transparency, and technological advancement, SCFR seeks to create long-term value for its shareholders through strategic investments and groundbreaking partnerships. Contact: Brian FowlerCEObrian@ SOURCE: Security First International Holdings, Inc.
Yahoo
15-03-2025
- Business
- Yahoo
Winter Haven Army vet left with unrepaired, rotting lanai roof for years
WINTER HAVEN, Fla. (WFLA) — An 81-year Army Vet said it's been four years with no repairs to his lanai's roof. When things hit a standstill, he contacted 8 On Your Side. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'Over in this area, it's sloping way down,' homeowner Roger Swiger said. 'APEX came by and said the roof looked like it was damaged. Could they go inspect it?'That was in 2020. A year later, APEX Roofing & Restoration completed the job. Man says social security benefits terminated without warning or explanation 'And they did not do my lanai,' Swiger said. Ever since, he has questioned why. His insurance, Security First, was billed a little more than $1,300 and a $1,300 lien was placed against his property. He said since then the lanai's roof has rotten wood, and he's had to place garbage cans out to catch any leaking water.'Two different agents once telling me they paid them for the lanai, and the other one told me they did not because it wouldn't be covered because it wasn't part of the original roof, but it's connected to the house,' said no direct answer, 8 On Your Side asked APEX Roofing, which shared this statement. Apex routinely puts customer satisfaction, above all, as our highest priority. We have reviewed the contract and scope of work for this homeowner. Apex performed all services as outlined and paid for by Mr. Swiger's insurance provider. The local municipal code inspector passed the roof after final inspection, indicating that the work met inspection standards and was signed off by the local government. The back lanai was never part of the insurance carrier's scope of work and the customer did not contract with us to replace its roof. Because the lanai was not part of the scope of work, Apex never received any funds for any work on the lanai. APEX Roofing Swiger contacted his insurance company.'I told Security First you have no problem raising my rate, but you don't want to repair my damages,' he said. 'You just gave me an $800 increase per year, and yet four years later, you're still got me with a messed-up lanai.' APEX said it was the insurance company that determined the lanai roof should be excluded. 8 On Your Side reached out to Security First and we are waiting for a response. In the meantime, good news came as a surprise for the Army Vet when APEX said: 'Because we value this community and we know that our individual customers' situations are complex, and that navigating insurance coverage is cumbersome, we would like to go the extra mile for this homeowner and give him a positive resolution. We have offered to gift this additional repair to him free of charge. Apex Roofing is always committed to ensuring that our clients are happy and satisfied, with a positive resolution to any issue they face.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
