Latest news with #treasury
Bloomberg
40 minutes ago
- Business
- Bloomberg
SharpLink Hires Leader Behind BlackRock's Crypto ETFs as Co-CEO
SharpLink Gaming Inc. has hired an executive from BlackRock Inc. — who spearheaded the launches of its record-breaking Bitcoin and Ethereum exchange-traded products — to manage its Ethereum treasury. Joseph Chalom, head of strategic ecosystem partnerships at BlackRock, joins SharpLink as co-chief executive officer, leading alongside incumbent CEO Rob Phythian, who will serve as the principal CEO. Phythian will later transition to serve as the company's president in the next quarter while keeping his role as a board member, according to a press release.
Globe and Mail
a day ago
- Business
- Globe and Mail
Blockmate Launches Bitcoin Treasury Division in Line with 'Mine-and-Hold' Strategy
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) ('Blockmate' or the 'Company') is pleased to announce the launch of a dedicated Bitcoin treasury division, further aligning its corporate strategy with a long-term belief in the value of Bitcoin. The division has already been established, with secure wallet infrastructure in place and an initial purchase of one Bitcoin completed. This initiative reflects Blockmate's conviction that Bitcoin will play an increasingly important role as a strategic treasury asset for companies focused on preserving value and managing risk. This development complements Blockmate's existing operations through its wholly owned subsidiary, Blockmate Mining, which is pursuing a 'mine-and-hold' strategy aimed at accumulating Bitcoin on its balance sheet as operations scale. As announced on May 27, 2025, Blockmate Mining has secured a site with electricity costs of just USD 3.3 cents per kilowatt-hour — among the most competitive rates in North America. Once fully developed, the facility is expected to support up to 200 megawatts (MW) of mining infrastructure. While Blockmate does not currently own mining hardware to fully utilize this capacity, this figure represents the long-term potential of the site. For illustrative purposes only, based on current Bitcoin prices and network difficulty, a fully utilized 200MW site could generate approximately 200 Bitcoin per month. Similarly, under current market conditions, the site could support Bitcoin mining at an estimated 40% discount to the prevailing spot price. These estimates are subject to change based on network conditions, hardware availability, electricity pricing, and the market price of Bitcoin. There is no assurance that these conditions will remain favorable or that Blockmate will be able to achieve these projections. Justin Rosenberg, CEO of Blockmate Ventures, commented: 'Holding Bitcoin on Blockmate's balance sheet provides capital growth opportunities for shareholders, as well as liquidity options should Blockmate Mining or future investees seek to take advantage of elevated Bitcoin market prices. These scenarios represent a win-win, enabling the Company to realize value through both operational success and treasury appreciation.' As the Bitcoin market continues to evolve and Blockmate Mining progresses, the Company will regularly assess further treasury purchases to enhance balance sheet agility in parallel with its mine-and-hold strategy. The price of Bitcoin is highly volatile and may decrease significantly over time. As a result, any holdings or treasury strategies involving Bitcoin are subject to market risk and could lead to financial loss. Planned Bitcoin acquisitions are currently under review and will be disclosed through the TSX Venture Exchange in due course. On July 10th, Blockmate provided an online investor update covering the strategic rationale and rollout of Blockmate Mining, which can be viewed here: About Blockmate Ventures Inc. Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company's portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond. To learn more, visit Blockmate welcomes investors to join the Company's mailing list for the latest updates, webinars and industry research by subscribing at ON BEHALF OF THE BOARD OF DIRECTORS Justin Rosenberg, CEO Blockmate Ventures Inc justin@ (+1-580-262-6130) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Yahoo
2 days ago
- Business
- Yahoo
From balance sheet to alpha engine: The Bitcoin treasury strategy arms race
From balance sheet to alpha engine: The Bitcoin treasury strategy arms race originally appeared on TheStreet. Bitcoin treasuries have moved from a curiosity to a capital markets trend with teeth. What began as MicroStrategy's audacious balance sheet bet has ballooned into a $100 billion movement across public and private companies. The question now isn't whether to hold Bitcoin—it's how to manage it. Today's treasuries are increasingly being scrutinized not just for exposure, but for strategy. Passive buy-and-hold approaches—common among early adopters—are now being challenged by firms looking to generate yield, hedge volatility, and even deploy AI-driven trading overlays. 'Everyone wants to have this Bitcoin treasury so that people can get proxy exposure to Bitcoin,' said David Brickell of FRNT. 'But it kind of seems a waste of balance sheet. How do we actually maximize that?' The answer, for many, lies in treating Bitcoin less like gold and more like a yield-generating portfolio asset. Firms like FRNT and Hilbert Capital are experimenting with frameworks borrowed from traditional corporate treasury practices: optimizing for drawdowns, layering in risk management tools, and targeting alpha without compromising core holdings. This approach aims to deliver returns that outperform Bitcoin itself—without exposing the firm to catastrophic downside. But as more companies jump in, the space is becoming noisy. 'When people like GameStop are doing it, borrowing money to buy Bitcoin, it starts to feel bubbly,' said Lucy Balicki. The market has begun to blur the line between strategic treasury allocation and stock-pumping theatrics. Still, the trend is clear: Bitcoin is no longer just a speculative asset. It's becoming a programmable layer of corporate finance. And in this new era, the winners won't just be the ones who hold the most BTC—they'll be the ones who manage it best. From balance sheet to alpha engine: The Bitcoin treasury strategy arms race first appeared on TheStreet on Jul 23, 2025 This story was originally reported by TheStreet on Jul 23, 2025, where it first appeared. Sign in to access your portfolio
Independent Singapore
2 days ago
- Business
- Independent Singapore
CIMB sees Singapore as key growth driver in ASEAN push
SINGAPORE: Malaysian banking giant CIMB Group is preparing for significant growth in Singapore. The city-state plays a key role as a wealth and treasury hub in Southeast Asia. In 1Q 2025, Singapore contributed 14% of the bank's profit before tax, up from 11% the previous year. Group CEO Novan Amirudin believes this trend will continue over the next five to six years. In a media interaction, Amirudin stated: 'We envisage this percentage to grow over the next five, six years because of the role that Singapore plays today within the Asean market. It's clearly been a very successful wealth centre, and we have also been beneficiaries of that. 'Singapore has also been an established treasury centre. A lot of multinational companies or regional companies are using Singapore as their hub to manage treasuries,' he added. CIMB views Singapore as a crucial wealth and treasury centre to connect to its broader ASEAN business. The bank is shifting away from a universal bank approach, with plans to adopt a strategic niche approach for each market it operates in, moving away from a one-size-fits-all model. By focusing on specific market segments, CIMB plans to increase its impact and efficiency. See also Economist says recession will 'certainly hit' Singapore This focused strategy has already resulted in impressive outcomes, including a sixfold increase in Singapore dollar-Malaysia ringgit transactions and substantial growth in its Malaysian customer base in Singapore. Innovation drives CIMB's strategy, particularly in supporting new business sectors. The bank has started offering simple sustainability-linked loans for SMEs, created digital enrolment processes, and is actively supporting expansions in the Johor-Singapore Special Economic Zone. CIMB initiatives in data centre financing stand out, showing the bank's forward-thinking investment plans. Acknowledging how operating as a universal bank is unsuitable for CIMB amid shifts in digitalisation and regional competition, the bank is diversifying its income sources and focusing on niche segments. Nearly 30% of income now comes from non-interest revenue, such as fees, foreign exchange, and advisory services. The bank's regional strategy indicates a clear understanding of different market dynamics. In Singapore, it capitalises on the market's strengths as a wealth and treasury hub. In Indonesia, it is exploring opportunities in Islamic banking. Meanwhile, in Thailand and Cambodia, the focus is on cross-border wholesale segments. This tailored approach helps CIMB maximise its resources and potential in each unique market. To manage economic uncertainties, CIMB has been carefully reducing its risk profile, reducing credit losses, and keeping exposure low to unstable markets. Amirudin explains their philosophy simply: 'We will operate in different jurisdictions based on how we can contribute to customers and societies in that particular market.' By combining strategic focus, new financial solutions, and a solid understanding of local market differences, CIMB Group sees itself navigating the complicated economic environment of Southeast Asia in the near to medium term.
Globe and Mail
3 days ago
- Business
- Globe and Mail
DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy
VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces that it has engaged a consultant to assess and help implement institutional-grade treasury management within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company ("STC"). This platform would serve both DMG and STC's clients by offering custody services. DMG is also assessing additional capabilities intended to further enhance treasury value. Digital asset treasuries have recently gained prominence for their ability to generate net asset value (NAV) premiums through active management, in contrast to exchange-traded funds (ETFs), which typically trade in line with the value of their underlying assets. DMG's digital asset portfolio is currently composed solely of bitcoin, although the Company is considering the inclusion of other digital assets. To support the platform, DMG may utilize its existing bitcoin, add its proceeds from Bitcoin mining and/or raise capital to expand its treasury. As of the date of this press release, DMG is ranked #54 among Top Public Bitcoin Treasury Companies on DMG's CEO, Sheldon Bennett, commented, 'Investors are moving beyond ETFs and HODLing. They want strategies that actively build digital asset value. At DMG, we control the entire stack – secure computing infrastructure, Bitcoin mining operations and our regulated custody platform. This integration delivers a solution that few can match. By leveraging our end-to-end platform, we can facilitate the creation and expansion of digital asset portfolios for ourselves and our clients.' About Systemic Trust Company Ltd. Systemic Trust is fully regulated under the Alberta Loans and Trust Corporations Act, ensuring client digital assets are managed with the highest standards of compliance and security. Systemic Trust combines regulatory compliance, cutting-edge technology and robust insurance coverage to deliver the ultimate digital asset custody experience. About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & Director Tel: +1 (778) 300-5406 Email: investors@ Web: For Investor Relations: investors@ For Media Inquiries: Chantelle Borrelli Head of Communications chantelle@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, assessing and implementing institutional-grade treasury management features within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company, the consideration of the inclusion of other digital assets in treasury management, securing new clients for the Systemic Trust digital asset custody subsidiary, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
