08-02 12:37 Saturday
According to official news, Nasdaq-listed company ATA Creativity Global (Nasdaq: AACG) announced that it has signed an agreement with Baby BTC Strategic Capital, a fund led by Babylon Foundation as a limited partner (LP).
According to Bijie.com, Nasdaq-listed ATA Creativity Global (Nasdaq: AACG) has officially announced an agreement with Baby BTC Strategic Capital, led by the Babylon Foundation as an LP. The latter will acquire a controlling stake in ATA for $100 million, consisting of $30 million in new shares and $70 million in warrants, and will restructure its board of directors. ATA will transform into the world's first listed platform focused on the BTCFi ecosystem, collaborating closely with the Babylon project (currently 45,000 BTC staked). The company will also acquire a large number of Baby tokens, targeting Baby's circulating market capitalization of over $100 million, to establish a dual-track model of "BTCFi infrastructure + Baby token reserves," bridging the gap between crypto and traditional finance compliance.
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