OFA Group (NASDAQ:OFAL) saw its stock surge 26.6% following the announcement of a $100 million digital asset treasury initiative, alongside the appointment of Bitwise Asset Management to oversee its cryptocurrency strategy.
Fresh off celebrating its IPO with a Nasdaq closing bell event, the architecture and technology firm revealed that this digital asset treasury is part of a larger plan to integrate crypto holdings into its balance sheet. The goal is to create yield-generating opportunities while securing working capital to support ongoing operations and future growth.
The company intends to leverage this treasury to fund three main business areas: AI-driven architecture innovation via its PlanAid platform, which automates building code compliance; real estate development powered by proprietary AI tools; and advancements in senior care infrastructure focused on safety and efficiency through AI applications.
“The establishment of our digital asset treasury positions us at the forefront of corporate treasury management, enabling us to harness the potential of crypto assets to generate yield and provide non-dilutive capital for strategic initiatives,” said Thomas Gaffney, COO of OFA Group.
OFA Group operates through its subsidiary, Office for Fine Architecture Limited, delivering architectural services for both commercial and residential projects. The company is also pioneering AI technologies that blend human expertise with artificial intelligence to revolutionize architectural design.
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