Marti to Execute Crypto Asset Treasury Strategy
In taking this step, Marti joins a growing number of publicly listed companies integrating digital assets into their treasury strategy alongside traditional holdings such as cash, cash equivalents, and marketable securities. These digital assets are recognized by the Company as potential long-term stores of value and as a hedge against systemic financial risk. All digital assets will be custodied through a regulated, institutional-grade custodian, and will be held in compliance with applicable laws and industry best practices related to security, custody, and reporting.
'Our decision to allocate capital to crypto assets acknowledges our belief that Bitcoin and other digital assets have proven their ability to store value alongside hard currencies and gold over the last several years,' commented Oguz Alper Oktem, Founder and Chief Executive Officer of Marti. 'We believe this strategy represents a prudent approach to treasury management, particularly in the current economic environment which carries both inflationary and hard currency risks. We intend to be long term holders of the crypto assets we purchase, and to add to our position over time.'
This strategic initiative is not expected to impact the Company's current activities or the execution of its business plans. The Company will disclose any material acquisitions of digital assets in future news releases if and as required under applicable laws.
About Marti
Founded in 2018, Marti is Türkiye's leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made in this press release constitute forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact and generally relate to future events, hopes, intentions, strategies, or performance may be deemed to be forward-looking statements, including, without limitation, statements regarding the Company's crypto asset strategy and its expected benefits and value, the amounts and types of the Company's crypto investments, and the Company's expectation with respect to its future performance and the timing of occurrence related to any of the foregoing. These forward-looking statements are based on management's current expectations and beliefs as of the date they are made. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company's filings with the SEC, including the Company's Annual Report on Form 20-F. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
3 hours ago
- Globe and Mail
Emerson Gears Up to Report Q3 Earnings: What's in Store?
Emerson Electric Co. EMR is likely to witness bottom and top-line growth when it reports third-quarter fiscal 2025 (ended June 30, 2025) results on Aug. 6, before market open. The Zacks Consensus Estimate for revenues is pegged at $4.58 billion, indicating growth of 4.6% from the prior-year quarter's figure. The consensus mark for earnings is pinned at $1.51 per share, remaining steady in the past 60 days. The figure indicates a jump of 5.6% from the prior-year figure. The company's bottom line surpassed the Zacks Consensus Estimate by 0.4% in the last reported quarter. EMR beat on earnings in each of the trailing four quarters, delivering an average surprise of 3.4%. Let's see how things have shaped up for Emerson prior to the announcement. Factors Likely to Have Shaped EMR's Quarterly Performance Strength across Emerson's final control business, driven by solid momentum in the power end markets, is likely to have benefited the top-line performance of its Intelligent Devices segment in the fiscal third quarter. Robust growth across the Asia, Middle East & Africa regions is likely to have aided the Measurement & Analytical business. We expect the Intelligent Devices segment's revenues to increase 3.4% from the year-ago quarter's level to $3.10 billion. Strength in the Control Systems & Software business, driven by solid momentum in the power and process end markets, is likely to have augmented the performance of the Software and Control segment. Solid momentum in AspenTech is also expected to have acted as a tailwind for the segment. We anticipate the segment's revenues to increase 7.5% year over year to $1.50 billion. The company has always been focused on expanding its product offerings and market presence through buyouts. In March 2025, Emerson acquired the remaining shares of AspenTech, making it a wholly owned subsidiary. This move strengthens the company's automation portfolio and enhances its software-defined control capabilities. EMR acquired Afag and Flexim in the fourth quarter of fiscal 2023 (ended September 2023). The buyout of Afag boosted Emerson's capabilities in factory automation, helping it expand into lucrative end markets, including battery manufacturing, automotive, packaging, medical, life sciences and electronics. The acquisition of Flexim added to its existing flow measurement positions in coriolis, differential pressure, magmeter and vortex flow measurement and expanded its automation portfolio and measurement capabilities. The buyouts are expected to have boosted EMR's top line in the quarter. However, escalating costs and expenses related to its acquisition and restructuring-related actions are likely to have affected EMR's margin performance. Also, given the company's substantial international operations, foreign currency headwinds are likely to have marred its margins and profitability. Earnings Whispers Our proven model predicts an earnings beat for EMR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as elaborated below. Earnings ESP: EMR has an Earnings ESP of +0.39% as the Most Accurate Estimate is pegged at $1.52 per share, which is higher than the Zacks Consensus Estimate of $1.51. You can uncover the best stocks before they're reported with our Earnings ESP Filter. Zacks Rank: EMR currently carries a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Another Company Dover Corporation DOV reported earnings of $2.44 per share in second-quarter 2025, beating the Zacks Consensus Estimate of $2.39. This compares with earnings of $2.36 per share a year ago. Dover posted revenues of $2.05 billion in the quarter, surpassing the Zacks Consensus Estimate by 0.6%. This compares with year-ago revenues of $2.18 billion. Other Stocks to Consider Here are some other companies within the broader Industrial Products sector, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle. Parker-Hannifin Corporation PH has an Earnings ESP of +0.24% and a Zacks Rank of 3 at present. The company is slated to release fourth-quarter fiscal 2025 (ended June 2025) results on Aug. 7. Parker-Hannifin's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.5%. Eaton Corporation plc ETN has an Earnings ESP of +0.93% and a Zacks Rank of 3 at present. The company is scheduled to release second-quarter 2025 results on Aug. 5. Eaton's earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 1.9%. Zacks Names #1 Semiconductor Stock This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Emerson Electric Co. (EMR): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report
Globe and Mail
4 hours ago
- Globe and Mail
Bitget Hosts Crypto Experience Month 2025 Targeting Gen-Zs Across Europe, Asia and Middle East
VICTORIA, Seychelles, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, officially launches Crypto Experience Month 2025, a global youth activation campaign under its Blockchain4Youth initiative. Now in its third year, the campaign takes a step away from classrooms and webinars, transforming crypto from a buzzword into something tangible, usable, and real. As part of the third-year celebration of International Youth Day in August, Bitget plans to host Crypto Experience events throughout the month of August across multiple cities in the Middle East, Europe, South East Asia, and South Asia. Crypto Experience Month 2025 is built around a simple tagline: Look What Crypto Can Do. While headlines often frame digital assets around market movements, this campaign flips the narrative, focusing instead on how blockchain is being applied in payments, gaming, DeFi, identity, and creative expression. Across pop-up activations set to roll out globally this August, Bitget is inviting young people to try crypto for themselves, not on charts, but in checkout lines, in metaverse arcades, and through everyday interactions. From university campuses to creative hubs, attendees will explore zones where they can mint NFTs, experiment with stablecoin lending, trade tokenized stocks in real-time simulations, and test drive PayFi's QR-based retail transactions. They'll receive digital badges, load up a Bitget Wallet Mastercard, and even stake assets in DeFi setups guided by in-person educators. The format is designed to merge experience with understanding, where every station is part demo, part discovery. The shift from education to interaction marks a new chapter for the campaign. Launched in 2023 with Crypto Experience Day, the campaign expanded to an entire month in 2024, reaching over 15,000 participants across 12 countries. This year's edition pushes further, prioritizing physical presence and hands-on engagement to help bridge the growing gap between Web2 curiosity and Web3 confidence. Vugar Usi Zade, Bitget's Chief Operating Officer and the executive sponsor of Blockchain4Youth, believes that relevance comes from application. 'You can't build belief in the future of crypto through theory alone. You need to let people feel it, use it, question it,' he said. 'Crypto Experience Month is about making the technology real and giving young people a reason to care about where it's going.' Bitget Wallet will serve as the official campaign partner, integrating its latest features, including PayFi, and on-chain tools into the experience zones. Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, added, 'The onboarding is just the start. It's also about showing how crypto can empower everyday actions, from payments to creativity. We're excited to bring that vision to life on the ground.' Followers of the campaign can look forward to a recap video capturing highlights from each activation in early September. Until then, Bitget's message is clear: crypto isn't just coming to the real world. It's already here, and this August, it's handing over the controls to the next generation. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world's most thrilling championships. Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
National Post
7 hours ago
- National Post
Mogo Monetizes $13.8 Million of WonderFi Stake and Increases Bitcoin Holdings
Article content Proceeds Represent Just Under 50% of Total Position; Transaction Precedes Expected Closing of WonderFi – Robinhood Acquisition in Second Half of 2025 Article content VANCOUVER, British Columbia — Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) ('Mogo' or the 'Company'), a digital wealth and payments company with a strategic Bitcoin treasury, today announced it has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc. (' WonderFi '), representing just under 50% of its total holdings in the company. Article content Article content This transaction is highly significant in the context of Mogo's current market capitalization of approximately $50 million, underscoring the intrinsic value of the company's investment portfolio and balance sheet. Article content The WonderFi shares were sold at a modest discount to the proposed deal value in connection with WonderFi's pending acquisition by Robinhood Markets, Inc. The Company currently plans to hold the remaining shares until that transaction closes, which WonderFi has stated is expected to occur in the second half of 2025, subject to customary closing conditions (see WonderFi's July 30, 2025 press release: link). Article content 'We saw a timely opportunity to unlock value on a portion of our position while retaining meaningful exposure to WonderFi,' said Greg Feller, President & CFO of Mogo. 'This transaction reflects our disciplined approach to capital allocation and allows us to accelerate our Bitcoin treasury strategy.' Article content Mogo is allocating the proceeds from this monetization in line with its long-term capital strategy. With these proceeds, the Company has increased its investment in Bitcoin 1 to approximately $2 million, further reinforcing its conviction in Bitcoin as a strategic reserve asset and a core pillar of its treasury strategy. Article content About Mogo Article content Mogo Inc. Article content (NASDAQ:MOGO; TSX:MOGO) is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Article content 1 Article content Investment was done through Bitcoin ETFs. Article content Forward-Looking Statements Article content This news release may contain 'forward-looking statements' within the meaning of applicable securities legislation, including statements regarding expected closing of the transaction between WonderFi and Robinhood, Mogo's capital allocation strategy and Mogo's strategic initiatives. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements are typically identified by words such as 'may', 'will', 'could', 'would', 'anticipate', 'believe', 'expect', 'intend', 'potential', 'estimate', 'budget', 'scheduled', 'plans', 'planned', 'forecasts', 'goals' and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, including receipt of applicable regulatory approvals in respect of its products, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the 'Risk Factors' section of Mogo's current annual information form, which is available at and Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Article content Article content Article content Article content Contacts Article content Investor Relations investors@ Article content Article content Article content
