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SkyAI faces pressure from major shareholders to hold accountable for SOL's liquidation decision, while Korea's Meritz Securities partners with Optimism to explore tokenized infrastructure

According to BBX data, yesterday global publicly listed companies in the U.S. stock market and mainstream financial institutions disclosed the latest developments in the disposal of crypto asset treasury, corporate governance accountability, and Layer 2 security tokenization cooperation. The core information is as follows:Shareholder Bastion Trading, holding approximately 9.99% of SkyAI shares, issued a statement pressuring for accountability regarding the liquidation of SOL and demanding a board restructuring: Major shareholder Bastion Trading, which holds approximately 9.99% of the NASDAQ-listed company SkyAI (NASDAQ: $SKYA), officially released a statement requesting that SkyAI's Executive Chairman Paul K. Danner III and three directors Soren Bo Christiansen, Timothy J. Ruemler, and Jason L. Monroe publicly explain their specific roles in evaluating, approving the takeover offer, and overseeing the complete liquidation of SOL, including who authorized and supervised the liquidation, reviewed the timing of the transaction, execution methods, counterparties, and transaction costs.Meritz Securities of South Korea signs MOU with Optimism Foundation to explore tokenized financial asset clearing based on OP Stack: South Korea's mainstream financial institution Meritz Securities announced the signing of a memorandum of understanding (MOU) with the Optimism Foundation. The two parties will jointly study the issuance, clearing, and distribution framework of tokenized financial assets based on OP Mainnet and other OP Stack networks, deeply exploring the commercial viability of using Ethereum public Layer 2 as a financial-grade distribution and clearing infrastructure. Meritz Securities stated that it will focus on exploring tokenized financial products based on high-quality local assets within the legal and licensing compliance framework, and will promote implementation in conjunction with the progress of South Korea's security token offering (STO) regulations. Previously, KB Securities and DB Securities in South Korea have also successively accessed the OP Stack ecosystem to explore related tokenization businesses.

SkyAI major shareholder questions the clearing of the SOL treasury and demands an increase in the offer price

According to GlobeNewswire, SkyAI's major shareholder Bastion Trading stated that it and its affiliates collectively hold about 9.99% of the company's common stock and require SkyAI's executive chairman and several directors to publicly explain the decision-making process for approving the liquidation of all SOL treasury and the cash tender offer.Bastion pointed out that SkyAI initiated the tender offer on October 16 and disclosed in subsequent documents that it had emptied all SOL treasury. A month ago, the company still stated that it would continue to adhere to the Solana DAT strategy and held over 2 million SOL. Bastion believes that the current tender offer price of $3 per share or for eligible warrants is too low and demands that it be raised to at least $3.50, and that the maximum acquisition ratio for pre-financing warrants be increased from 95% to 100%.Bastion also requested that the Strategic Advisor Warrants be excluded from the offer and that the securities and potential earnings held by directors, management, and affiliates be disclosed. It stated that if the relevant directors cannot prove they have fulfilled their independent oversight and fiduciary duties, they should voluntarily resign; otherwise, a special shareholders' meeting should be convened to allow shareholders to decide the future composition of the board.

Strategy Bitcoin holdings reached 848,000 coins, SkyAI liquidated SOL and initiated a $200 million share buyback

According to data, yesterday and in recent days, global publicly listed companies in the U.S. stock market disclosed their latest official accounts regarding the allocation of crypto assets, stock buybacks, and capital structure optimization. The core updates are as follows:Strategy (NASDAQ: $MSTR) purchased 267 BTC, increasing the buyback limit to $3 billion: According to the latest 8-K document submitted by Strategy, the company bought 267 bitcoins at an average price of approximately $82,900 between October 12 and 18, 2026, totaling about $22.1 million (of which $22 million came from MSTR common stock ATM issuance, and $100,000 from its own USD Cash). During the same period, the company raised approximately $22 million through its ATM plan (selling 140,900 shares); additionally, it used USD Cash reserves to spend $193.1 million to repurchase 1,938,800 shares of STRC preferred stock. The company's board officially authorized the total amount for the digital credit securities buyback plan to be significantly increased from $2 billion to $3 billion (as of October 18, the remaining limit is approximately $1.16 billion). As of October 18, Strategy held a total of 848,517 bitcoins (with a total holding cost of approximately $64.02 billion, at an average price of approximately $75,446), with a USD Reserve balance of $4.83 billion and a USD Cash balance of $447.3 million.Strive (NASDAQ: $ASST) accumulated 4,045 BTC last week, with total holdings surpassing 36,800: According to the 8-K document submitted by Strive to the SEC, the company purchased 1,223 bitcoins at an average price of approximately $81,734 between October 14 and 16. Together with the previously disclosed 2,822 bitcoins purchased between October 12 and 13, Strive increased its holdings by a total of 4,045 bitcoins last week (with an average purchase price of approximately $82,803). As of October 16, its balance sheet held a total of 36,818 bitcoins, along with 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $49.35 million) and about $317.5 million in cash.BitMine (NASDAQ: $BMNR) increased its holdings by over 12,500 ETH last week, raising its total holdings to 6.04 million: Nasdaq-listed mining company BitMine disclosed that it increased its holdings by 12,535 ethers last week. As of October 18, 2026, its total ether holdings reached 6,041,481 ETH (approximately 4.9% of the total supply of ether in the entire network). Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $15.1 billion (including $582 million in cash and securities, 215 BTC, $180 million in Beast Industries equity, and $74 million in Eightco investments). Among these, the staked ether remains at 5,067,309 ETH (accounting for 84% of total holdings), valued at approximately $12 billion, with a current annualized staking yield of about $309 million.SkyAI (NASDAQ: $SKYA) liquidated all SOL and launched a $201.3 million cash tender offer: Nasdaq-listed company SkyAI announced that it initiated a cash tender offer on October 16, intending to acquire up to 95% of all classes of issued common stock, various pre-financing warrants, and strategic warrants at a price of $3 per share/unit (approximately 0.95 times its net asset value mNAV), with a total acquisition amount of about $201.3 million (the offer will expire on October 30 at 12:00). SkyAI explicitly disclosed that as of October 16, the company held approximately $223.8 million in cash and had fully sold all SOL on its balance sheet, so the offer is no longer constrained by SOL price fluctuations, and the acquisition funds will be 100% covered by existing cash. SkyAI plans to maintain its Nasdaq listing status after the offer is completed, shifting its strategic focus to a comprehensive financial platform that combines Solana stablecoin payment channels with AI.

first_img CITIC Securities released the second phase report on the listing guidance for MiniMax A shares

The website of the China Securities Regulatory Commission shows that CITIC Securities released the "Report on the Progress of the Guidance Work for the Initial Public Offering and Listing of MiniMax Group Inc. (Phase II)" on October 15. This phase of guidance started on July 10, 2026, and lasted for more than three months. CITIC Securities, together with Tongshang Law Firm and Ernst & Young, continuously monitors the company's operational performance and compliance in accordance with regulatory requirements and the guidance agreement, and conducts guidance through on-site training and communication on specific issues.The report states that the guidance target has established an internal governance structure and relevant company management systems, but there is still room for optimization in execution. CITIC Securities will collaborate with intermediary institutions, combine due diligence, continuously refine and improve corporate governance and standardized operations, propose rectification suggestions, and supervise the implementation of internal controls. In the next phase, work will continue with Tongshang Law Firm and Ernst & Young, focusing on enhancing standardized operational levels and preparing for guidance acceptance.On May 29, 2026, CITIC Securities signed a guidance agreement with MiniMax and submitted a guidance filing application to the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on the same day, which was accepted, marking MiniMax's official entry into the guidance period. The large model company MiniMax (00100.HK) was listed on the main board of the Hong Kong Stock Exchange on January 9, 2026, approximately four years from establishment to listing, and has focused on the research and development of full-modal models since its inception.

first_img Anthropic established a public welfare fund, committing to invest 5% of its shares

On October 18, the artificial intelligence company Anthropic announced that it would allocate a portion of its company shares to the newly established Anthropic Public Benefit Fund, with the shareholding ratio of this entity increasing as the company grows. Subject to shareholder approval, the company committed to contributing 5% of Anthropic shares on that day; thereafter, for every 50% increase in company value above a set benchmark, the board may discretionarily increase the contribution by an additional 2%.The fund will be established as a wholly-owned LLC rather than a 501(c)(3) or other forms, allowing for adjustments between different donation methods. The Anthropic equity held by the fund will not be used for lobbying or political donations in the U.S. or abroad. Anthropic stated that the fund aims to advance its mission with greater flexibility and scale, such as making large donations to traditional non-profit organizations or directly allocating resources to specific populations. The company had previously committed $200 million to research and address the impact of AI on the labor market.As a public benefit corporation, most of the mission-related work is still conducted internally, including AI safety and explainability research, applied biomedical research, and providing discounts on Claude to non-profit organizations and research institutions. At the company's founding, the co-founders committed to donating 80% of their equity holdings; the company also operates an equity donation matching program, with about half of the employees participating. With this announcement, approximately 20% of Anthropic shares will be used for public benefit, and this percentage may increase after reaching specific valuation milestones. The structure, governance, and corresponding milestones of the fund will be announced in the coming months.
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