The company’s fiscal transition was anchored by the November 2025 appointment of Dawei Yuan as CEO and Chairman. Under Yuan’s leadership, the firm launched a treasury strategy centered on the accumulation of Bitcoin Cash. This initiative was bolstered by a December 2025 private placement, which raised $500 million through the issuance of 50 million Class A ordinary shares and pre-funded warrants priced at $10.00 each.
Expansion efforts continued into early 2026 with the firm moving to establish internal BCH self-mining operations to lower acquisition costs. Simultaneously, the company is seeking a Bermuda Class IILT insurance license, aiming to provide life insurance products denominated in digital assets. Yuan described these moves as a disciplined approach to the evolving ecosystem, intended to leverage the firm’s strengthened capital base for long-term shareholder value. The full Form 20-F filing is now accessible via the SEC and the company’s investor relations portal.
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