Micro-cap company AIxCrypto Holdings (AIXC) has filed an S-1 amendment with the SEC to fully liquidate its digital asset holdings, including Bitcoin, Ethereum, and Solana, booking an unrealized loss of approximately 50%. Post-liquidation, the firm plans to pivot into the robotics market via the RoboShare platform. The move follows a previous transformation from a pharmaceutical firm to a crypto treasury strategy. Separately, Kinetics Fund disclosed ownership of Ripple Labs Series A preferred stock in SEC filings, while XRP-focused treasury firm Evernorth (XRPN) continues to hold about 473 million XRP and is preparing for a SPAC listing on Nasdaq.
Micro-cap company AIxCrypto Holdings (AIXC) has filed an amendment to its S-1 with the U.S. Securities and Exchange Commission (SEC), and the message is pretty direct: it plans to fully liquidate its digital asset holdings and shut down its crypto treasury strategy. As of August 31, the company had sold 33.49 Bitcoin, 497.56 Ethereum, 6,325.92 Solana, plus smaller amounts of LINK, BNB, and ADA. Management logged an unrealized loss of about 50%. And after dumping the assets, the company says it will shift fully into the robotics market through the RoboShare platform.
AIXC started out as a pharmaceutical company before it moved into a crypto treasury strategy. The filing says this is not the first case of a small-cap firm selling off altcoin holdings because operational pressure forced it to protect the core business. At the same time, the Kinetics Fund said in SEC filings that it owns Series A preferred stock in Ripple Labs. Separate story, but related space: XRP-focused treasury firm Evernorth (XRPN) still holds about 473 million XRP and is getting ready for a SPAC listing on the Nasdaq exchange. (Source: U.Today)
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