Nasdaq Microdisk Company AIxCrypto Holdings disclosed that it has decided to liquidate its digital asset portfolio and end its previous crypto treasury strategy. According to the revised document S-1 submitted to the U.S. Securities and Exchange Commission on September 4, this disposition occurred after the company incurred significant book losses, with management recording unrealized losses of about 50%.
Main positions that have been sold
As of August 31, the assets disposed of by the company included 33.49 BTC, 497.56 ETH, and 6,325.92 SOL.
- Simultaneously sell a smaller position of LINK holdings.
- Simultaneously sell a smaller position of BNB holdings.
- Simultaneously sell a smaller position of ADA holdings.
For XRP, AIXC is listed in regulatory documents as a position with 'insignificant amount'.
Ending encrypted treasuries, shifting to robot platforms
The company disclosed that after completing this round of asset sales, it will restart its business direction, fully shifting to the robotics market, and use the RoboShare platform as the new business carrier. AIXC was previously a pharmaceutical company that later ventured into crypto asset allocation; now it is adjusting its main business once again.
This means that the company no longer considers digital assets as a core part of its financial portfolio, but instead chooses to reinvest the funds to support new business directions.
The differentiation among similar companies continues.
The report mentioned that Tokyo-based company Remixpoint had previously also emptied its holdings of counterfeit coins such as ETH, SOL, DOGE, as well as 1.19 million XRP coins, in order to purchase energy storage systems, but it retained its Bitcoin holdings.
Meanwhile, another treasury company, Evernorth ( XRPN ), which holds XRP as its core position with XRP as the main component, still holds approximately 473 million XRP and is advancing the process to list on NASDAQ through SPAC.
Additional information:From the disclosed information, some small-cap companies are reducing or exiting their exposure to altcoins in order to alleviate operational pressures; however, there is no uniform strategy among these companies regarding their treasury management, and each company is still adjusting their portfolio structure according to their main business and financing arrangements.
