DV8 has completed its first capital gains since securing about 241 million (approximately $7.4 million) following a strategic shift to becoming Southeast Asia’s first cryptocurrency company, according to a filing released on July 16.
The funding round ended with a guaranteed mobility rate of 99.9%, marking a significant vote of trust from existing shareholders of the company’s long-term Bitcoin native model.
The salary increase issued 301,491,057 new shares issued from the exercise of the DV8-W2 warrant at a strike price of 0.80 baht per share. The total remaining invalid warrants was only 345,930 units. DV8 reported a 38% growth in the Cash Treasury and a 13% increase in yield per share after the round.
Who is DV8?
The board of directors of DV8 has previously expressed its intention to replicate a strategic style of corporate finance strategy centered on Bitcoin accumulation and value creation of digital asset support. The company’s financial model is consistent with a wide range of pivots led by regional consortiums of crypto-centric investors such as Metaplanet, Solaventure and Kliff Capital, and recently acquired the tielisted electronics and retail companies through voluntary bid offers.
Tokyo-based public company Metaplanet has emerged as one of the world’s largest corporate Bitcoin holders following its own financial transformation, and has become a reference point that guides the transition to domestic violence. Stocks of Japanese companies increased by more than 11,000% across the Ministry of Finance pivot, reinforcing the appeal of this strategy among companies exploring Asian alternative financial models.
The transformation of domestic violence is also driven by a leadership overhaul led by Thai Businessman Chatchaval Jiaravanon, internationally known for the acquisition of Fortune Magazine. His appointment as chairman was part of a broader board reshuffle aimed at relocating domestic V8 as a cryptocurrency infrastructure company targeting the Southeast Asian market.
Recent moves by the consortium, including the acquisition of Seoul-based SGA Co., signal a coordinated effort to institutionalize the adoption of the Ministry of Cryptocurrency across the region to support new digital asset ventures. Investors are highlighting their interest in expanding to the Philippines, Vietnam, Indonesia and Malaysia by partnering with viable local companies.
The THB 241 million salary increases represent the first major liquidity injection into DV8 since the Crypto pivot and will be used to accelerate operational conversions. According to the company, capital sets the foundation for implementing its long-term digital asset strategy and serves as a template for future funding rounds related to the expansion of the Ministry of Finance.
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