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Associated Press
an hour ago
- Associated Press
Amber International Accelerates Crypto Reserve Strategy with Recently Announced $25.5 Million Private Placement Backed by Leading Global Investors
Institutions Subscribe at US$10.45 per ADS, Demonstrating Strong Investor Confidence SINGAPORE, July 3, 2025 /PRNewswire/ -- Amber International Holding Limited (Nasdaq: AMBR) ('Amber International', or the 'Company'), a leading provider of institutional crypto financial services & solutions and operating under the brand name 'Amber Premium', today announced continued progress on its $100 million Crypto Ecosystem Reserve Strategy, enhanced by proceeds from a recently announced $25.5 million private placement. Participating institutional investors subscribed at a price of US$10.45 per American Depositary Share (ADS), determined based on a 5% discount to the 3-day volume-weighted average price (VWAP) of AMBR's ADSs on Nasdaq between June 25 and June 27, 2025. This corresponds to US$2.09 per Class A ordinary share, based on the 5:1 ratio of Class A ordinary shares to ADSs. The private placement involved the issuance of 12,200,915 Class A ordinary shares—equivalent to 2,440,183 ADSs—and was supported by a distinguished group of institutional investors including CMAG Funds, Mile Green, Pantera Capital, Choco Up, Kingkey Financial International (Holdings) Limited ( and other prominent investors. Proceeds from the private placement will be strategically used to enhance Amber International's $100 million Crypto Reserve initiative, which is designed to support long-term ecosystem alignment and product innovation. Since the strategy's announcement earlier this year, the reserve has been allocated toward major digital assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with ongoing deployment into Binance Coin (BNB), Ripple (XRP), and Sui (SUI). The Company is uniquely positioned to leverage its Ecosystem Reserve to support innovative projects on these blockchains, delivering differentiated products and services to institutional clients. The Reserve will further empower the Company to remain at the forefront of blockchain innovation in areas such as Real World Assets (RWA) and AgentFi, strengthening its leadership in the next wave of Web3 financial infrastructure. About Amber International Holding Limited Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name 'Amber Premium', is a leading provider of institutional crypto financial services and solutions. A subsidiary of Amber Group, Amber Premium delivers institutional-grade market access, execution infrastructure, and investment solutions to help institutions and high-net-worth individuals optimize their digital asset portfolios. The firm offers a regulated, scalable financial ecosystem powered by proprietary blockchain and financial technologies, AI-driven risk management, and quantitative algorithms across CeFi, DeFi, and OTC markets. Learn more at Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) the risk that the Company may not obtain the regulatory approval in relation to DWM Asset Restructuring in a timely manner or at all and may need to continue relying on the intercompany service agreements to receive the economic benefits of the WFTL Assigned Contracts; (ii) risks related to the performance of the amendment, waiver and framework agreement, including the expected timing and likelihood of receipt of the regulatory approvals contemplated therein; (iii) the risk that the Company's business lines are nascent, not fully proven by market and subject to material legal, regulatory, operational, reputational, tax and other risks in the jurisdictions where it operates; (iv) the risk of declining prices of digital assets and reduced transaction volumes conducted by the Company; (v) regulatory and market risks related to cryptocurrencies and digital assets and in the jurisdictions where the Company operates; (vi) risks related to fluctuations in the market price of bitcoin and any associated unrealized gains or losses on the digital assets that the Company may record in its financial statements as a result of a change in the market price of bitcoin from the value at which the Company's bitcoins are carried on its balance sheet, as well as commercial, legal, regulatory, accounting and technical uncertainties associated with the Company's crypto holdings; (vii) a decrease in liquidity in the markets in which the cryptocurrencies and digital assets are traded; and (viii) the impact of the availability of spot exchange traded products and other investment vehicles for digital assets. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Media & Investor Contacts In Asia: Amber International Holding Limited Serena Wang Phone: +65 6022 0228 E-mail: [email protected] | [email protected] | [email protected] In the United States: International Elite Capital Inc. Annabelle Zhang Tel: +1 (646) 866-7928 E-mail: [email protected] View original content to download multimedia: SOURCE Amber International Holding Limited
New York Times
an hour ago
- New York Times
North Korea Opens Seaside Resort With Fanfare but No Foreign Tourists
A new waterfront resort opened for business this week in North Korea with P.R. hype — but without the foreign visitors that the country's leader, Kim Jong-un, hoped would one day arrive with tourist cash to offset financially punishing sanctions. On Thursday, state media reported on North Korean families crowding a 2.5-mile-long scenic sandy beach on its central east coast, which began accepting tourists two days earlier. 'The joy and optimism of the tourists were overflowing everywhere, and the song of happiness resounded in the windows of bright lodgings,' the North's official Korean Central News Agency said. The resort, which is called Wonsan Kalma and can accommodate 20,000 people, is the most ambitious among the seafront or mountainside spa and ski resorts Mr. Kim has been building to attract foreign tourists. Mr. Kim, his wife and his daughter attended a ceremony in late June marking the completion of the facility. Mr. Kim began promoting tourism after the United Nations imposed severe sanctions in 2017 that banned all of his country's main exports, including coal and textiles. The sanctions were designed to strip North Korea of the means of earning foreign currency to finance its nuclear and missile programs. But they did not affect tourism, which Mr. Kim saw as a new source of sorely needed foreign currency. Mr. Kim's aims were best displayed in the transformation of Kalma Beach. North Korea used to fill it with pieces of artillery during military drills. In recent years, however, Mr. Kim has lined the beach with newly built water parks and multistory resort hotels. South Korean media nicknamed Kalma Beach 'North Korea's Waikiki.' Want all of The Times? Subscribe.
Forbes
an hour ago
- Forbes
Oscar Health: Should You Buy OSCR Stock At $17?
CHONGQING, CHINA - MAY 04: In this photo illustration, the logo of Oscar Health, Inc. is displayed ... More on a smartphone screen, with the company's branding visible in the background, on May 04, 2025, in Chongqing, China. (Photo illustration by) On July 2nd, the health insurance sector underwent a notable decline following Centene (NYSE:CNC)'s retraction of its financial outlook, citing rising costs. Refer to – Centene: Is The Recent Decline In CNC Stock Justified? This announcement caused turmoil in the market, leading to a 40% plunge in Centene's stock. Other significant players also faced considerable declines: Oscar Health (NYSE: OSCR) decreased by 19%, UnitedHealth (NYSE: UNH) dropped 6%, Molina (MOH) fell 22%, and CVS (CVS) saw a decrease of 4%. The primary issue confronting these insurers is a legitimate one: increasing medical costs are diminishing their profits. This rise in expenses is due to various factors, including a higher number of less healthy individuals enrolling, an uptick in the volume of medical procedures, and persistently high prices for drugs. Given these industry-wide difficulties, a critical question for investors is whether Oscar Health's stock, currently priced around $17, represents a buying opportunity. Although OSCR has risen 23% year-to-date, it is still trading 30% below its 52-week peak of over $23. We believe that OSCR stock represents a solid choice at its current price of $17. Our conclusion is drawn from a thorough analysis of Oscar Health's current valuation in relation to its recent operational performance as well as its historical and present financial health. Our detailed evaluation of Oscar Health emphasizes essential factors: Growth, Profitability, Financial Stability, and Downturn Resilience. Our analysis reveals that the company has moderate operational performance and financial condition, yet its current valuation is appealing, which we explain in more detail below. However, for those seeking upside with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative — having outperformed the S&P 500 and delivering returns exceeding 91% since its launch. Separately, refer to – UnitedHealth: Buy Or Sell UNH Stock At $325? How Does Oscar Health's Valuation Compare to The S&P 500? When considering what you pay per dollar of sales or profit, OSCR stock appears slightly undervalued in relation to the broader market. How Have Oscar Health's Revenues Evolved in Recent Years? Oscar Health's Revenues have increased significantly over the past few years. How Profitable Is Oscar Health? Oscar Health's profit margins are significantly lower than most companies within the Trefis coverage universe. Is Oscar Health Financially Stable? Oscar Health's balance sheet appears quite robust. How Resilient Is OSCR Stock During A Downturn? OSCR stock has performed significantly worse than the benchmark S&P 500 index during several recent downturns. As investors hope for a gentle landing by the U.S. economy, how severe could the situation be if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash shows how crucial stocks performed during and after the last six market crashes. Summarizing the Findings: Implications for OSCR Stock In conclusion, Oscar Health's performance across the previously mentioned criteria is as follows: In summary, Oscar Health has shown a moderate performance across the essential criteria of Growth, Profitability, Financial Stability, and Downturn Resilience. Although its profit margins seem modest compared to the broader market, this is common for the health insurance sector, which generally operates on thin margins and high volumes. This industry-wide trait is also reflected in valuation standards. For example, Centene and CVS trade at 0.2 times their revenue, Molina at 0.4 times, and UnitedHealth (UNH) at 0.7 times. Despite these industry standards, we contend that Oscar Health's technological framework and robust revenue growth justify a higher valuation multiple than that of several more traditional insurance competitors. Overall, we consider it a solid choice at present levels. However, it is crucial to recognize potential risks. Investors may be reluctant to assign a higher multiple due to the naturally slim margins in the industry and the stock's volatility. Thus, investors should carefully assess these risks before making a decision to invest in Oscar Health. There always exists a significant risk when investing in a single stock, or merely a few. Consider Trefis High Quality (HQ) Portfolio which, comprising 30 stocks, has a history of consistently outperforming the S&P 500 over the last 4-year span. What accounts for this? Collectively, HQ Portfolio stocks yielded superior returns with reduced risk compared to the benchmark index; less of a roller-coaster experience, as evidenced in HQ Portfolio performance metrics.
