Nasdaq-listed AIxCrypto plans to exit crypto assets and shift to robot leasing

Odaily News, AIxCrypto Holdings plans to orderly exit its crypto asset holdings and pivot to a robot leasing business. As of June 30, the company held 46 Bitcoin, 616 Ethereum, 6,659 Solana, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million and a fair value of $5.21 million. The company's operating cash burn in the first half of the year was $7.94 million, with cumulative losses of $150 million and quarter-end cash of $577,000. The company did not conduct any crypto asset purchases or sales in the second quarter and stated that volatility, market depth, and custody restrictions could cause actual realized value to be significantly lower than book value.