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U.S. publicly traded company OFA Group has signed a $200 million equity financing agreement, which will be used to expand into cryptocurrency assets

By: theblockbeats.news|2025/07/15 13:01:47

BlockBeats News, July 15th, according to an official announcement, U.S.-listed company OFA Group announced that it has entered into a committed equity subscription agreement with Atsion Opportunity Fund LLC, with a maximum financing amount of up to $1 billion, expandable to $2 billion upon mutual agreement.

If the financing is obtained, the funds raised will be primarily used to support OFA's cryptocurrency asset management strategy. This strategy will initially assess strategic positions in Bitcoin (BTC), Solana (SOL), or Sui (SUI) under Bitwise's guidance, and explore the asset allocation direction of yield and revenue-generating strategies.

After the CPI is published, traders are sticking to their bet on a September Fed rate cut.

10x Research: Bitcoin Expected to Exceed $160,000 by Year End