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The agreement authorizes the company to issue and sell common stock with a total value of up to $75 million through an agent, using an at-the-market pricing mechanism. This financing arrangement will provide the company with a flexible channel for capital supplementation, supporting its future business operations and development plans. The specific quantity, timing, and price of the stock sales will be determined based on market conditions, the company's stock performance, and other factors.

According to the cryptocurrency position weekly report released by CME, BTC open positions are 20,631 contracts, a decrease of 11.33% compared to the previous period; ETH open positions are 28,463 contracts, a decrease of 20.59% compared to the previous period.

This contract renewal extends the partnership between both parties and marks the company's continued trust in Sloan's leadership. Although the details of the agreement have not been fully disclosed, this move is generally seen as an important measure to stabilize management, helping to ensure consistent execution of the company's strategy. In the context of increasing competition in the fintech sector, maintaining the stability of the core management team is crucial for the company's long-term development.