Spirit Blockchain Capital Inc. operates diversified portfolio of investments and cryptocurrency operations. The company invests in crypto-asset specific streaming and royalties contracts; manages its own treasury with a portfolio of listed equities related to the blockchain industry and digital assets; and engages in proof-of-staking business. It also provides digital asset market research and advisory services to third parties; and engages in licensing and franchising IT solutions. The company was founded in 2017 and is headquartered in Vancouver, Canada.

Spirit Blockchain Capital Inc.

Spirit Blockchain Capital builds on traditional capital markets standards to invest in next-generation Web3 and blockchain solutions and digital assets for long-term value.

Spirit Blockchain

SPIRIT Blockchain Capital Inc. is a Canadian-Swiss Financial Services company operating specifically in the Blockchain and Digital Asset sectors with the primary goal of creating value through income streams and capital appreciation. The company's strategy provides exposure to this emerging asset class through a managed risk and value approach.

VISION: SPIRIT Blockchain’s Vision is to be one of the leading global blockchain infrastructure companies and a Company that bridges blockchain technologies and digital-assets to traditional capital markets.

MISSION: The Company’s Mission is to accelerate the development of blockchain technology through traditional capital markets, while creating long-term shareholder value.

VALUES: SPIRIT Blockchain’s Values is a Culture that promotes Team-Work, Experience, Expertise, Focus and an Entrepreneurial Dynamic.

For more info please contact: info@spiritblockchain.com


SPIRIT Blockchain Capital Inc.

Investor Surveys Reveal Strong Interest in Digital Assets
Research from EY-Parthenon shows that many institutional and retail investors want to increase allocations to digital assets and digital assets related products.

Spirit Blockchain Capital is thrilled to announce our participation in the upcoming Web3 Toronto Conference Web3 Toronto (Web3TO) during Canada Crypto Week!

Our CEO Lewis Bateman and head of marketing Audrey Nesbitt will join other industry leaders and innovators to discuss the cutting-edge topic of tokenizing real world assets. 

We'll be sharing insights on the potential of blockchain technology in transforming traditional asset markets in Canada and around the globe. 

Event Details:
Date: Monday, August 12
Time: 1-6 PM
Location: Downtown Toronto - Register to get all the details: https://lu.ma/web3tocon

Don't miss this opportunity to learn about the future of asset tokenization and network with key players in the Web3 space. Capacity is limited.

We look forward to seeing you there and contributing to the growth of Toronto's vibrant blockchain ecosystem!

#Web3Toronto #BlockchainInnovation #AssetTokenization #CanadaCryptoWeek #Futurist 
Larry Acton Francisco Lung, MBA, CFA Jacqueline M. Manuel Trojovsky Sheereen Khan Landon Gardner

This week in the crypto world has been nothing short of dramatic. Bitcoin’s rollercoaster ride—from surging after a major political endorsement to dipping below $63,000—shows just how intertwined crypto has become with global events. While the broader financial markets reacted positively to potential Fed rate cuts, the crypto space faced mixed outcomes, with some major players posting losses despite earlier optimism.

The market’s reaction to political developments, along with notable corporate earnings reports, highlights the rapidly shifting landscape that crypto investors must navigate. From Trump’s crypto-friendly promises to the latest performance of leading crypto companies, this week’s events underscore the volatility and potential within this space.

Highlights from this week:
Bitcoin’s Rollercoaster: Surged to $70,000 after Trump’s pro-crypto speech but later dipped below $63,000 due to political uncertainties.

Fed's Dovish Signals: Positive response in equities didn’t translate to gains in the crypto market.

Corporate Earnings: Coinbase posted strong year-over-year revenue growth, while Galaxy Digital and MicroStrategy reported significant losses.

Market Overview: Global crypto market cap stands at $2.4 trillion, with Bitcoin holding a 53% market share.

For more detailed news from this past week in crypto, hit the link and be sure to subscribe: https://lnkd.in/g6ScwBM7

 #CryptoNews #Blockchain #Bitcoin #SpiritBlockchain

Ripple is investing $10 million in tokenized U.S. T-bills on the XRP Ledger.
The move to tokenize U.S. T-bills reflects a broader trend in the crypto industry toward the integration of traditional financial assets into blockchain ecosystems. Tokenization, the process of converting tangible assets into digital tokens on a blockchain, offers several advantages over traditional financial systems. It enhances the efficiency of issuing, managing, and distributing assets by leveraging blockchain technology to streamline processes and reduce costs.
https://lnkd.in/eGiWj3eR

21co analyst Tom Wan believes tokenized US treasuries will hit $3 billion by the end of 2024 amid rising adoption among DeFi projects and Decentralized Autonomous Organizations (DAOs). 

According to Wan, the trend is driven by a need for diversification and stability, especially as high interest rates make these assets attractive.

Currently, there are over 15 tokenized US Treasury products available on Ethereum Virtual Machine (EVM) chains, managing nearly $2 billion in assets under management (AUM).

https://lnkd.in/gv4wHbX9

Bitcoin Suisse has just released their first "Crypto Wealth Management Report," offering a comprehensive look at the evolving role of digital assets in wealth management. This groundbreaking analysis explores how the financial landscape is adapting to incorporate cryptocurrencies and blockchain-based assets.

Key Insights:
Shifting Paradigms: Digital assets are challenging traditional wealth management strategies, offering new avenues for portfolio diversification and growth.

Institutional Embrace: Growing acceptance of cryptocurrencies by major financial institutions, particularly in light of recent Bitcoin ETF approvals in the U.S.

Beyond Bitcoin: While Bitcoin remains a focal point, the broader ecosystem of digital assets, including Ethereum and stablecoins, holds significant potential.

Technological Disruption: The adoption of digital assets mirrors other transformative technologies, suggesting we're entering a critical growth phase.

Regulatory Landscape: An evolving global regulatory environment for digital assets is crucial for mainstream adoption.

Risk and Opportunity: A balanced view of the potential benefits and risks associated with integrating digital assets into investment portfolios.

Asset Classification Debate: Ongoing discussions about how to classify cryptocurrencies, noting their evolution towards being viewed as legitimate asset classes.

Integration with Traditional Finance: Increasing collaboration between cryptocurrency firms and traditional banking institutions signals a convergence in the financial sector.

This analysis by Bitcoin Suisse offers valuable insights for investors and wealth managers navigating the integration of digital assets into traditional financial strategies. It provides a forward-looking perspective on how this new asset class will reshape wealth management practices in the coming years.

Read the full report here:

	Dec '21	Dec '22	Dec '23
net income	-10.19M -	-3.39M 66.70%	-1.97M 42.03%
depreciation and amortization
deferred income tax
stock based compensation	562.48K -	454.15K 19.26%	325.18K 28.40%
change in working capital	231.31K -	316.72K 36.92%	360.52K 13.83%
accounts receivables	-3.81K -	-26.60K 598.63%	-13.06K 50.91%
inventory
accounts payables	265.35K -	376.42K 41.86%
other working capital	-30.23K -	-33.09K 9.47%
other non cash items	8.72M -	1.38M 84.21%	11.66K 99.15%
net cash provided by operating activities	-675.75K -	-1.24M 84.22%	-1.06M 14.88%
investments in property plant and equipment	-1.91M -	-290.61K 84.77%
acquisitions net	1.91M -		-50.00K -
purchases of investments	-583.22K -
sales maturities of investments	23.49K -	144.41K 514.72%	35.11K 75.69%
other investing activites	-1.57M -	962.98K 161.46%	464.86K 51.73%
net cash used for investing activites	-2.13M -	816.78K 138.41%	809.35K 0.91%
debt repayment			-274.46K -
common stock issued	3.41M -		68.61K -
common stock repurchased
dividends paid
other financing activites
net cash used provided by financing activities	3.41M -		343.08K -
effect of forex changes on cash	-14.27K -	12.37K 186.70%	13.47K 8.83%
net change in cash	595.69K -	-415.74K 169.79%	106.28K 125.57%
cash at beginning of period	89.26K -	684.95K 667.39%	269.21K 60.70%
cash at end of period	684.95K -	269.21K 60.70%	375.49K 39.48%
operating cash flow	-675.75K -	-1.24M 84.22%	-1.06M 14.88%
capital expenditure	-1.91M -	-290.61K 84.77%
free cash flow	-2.58M -	-1.54M 40.56%	-1.06M 30.99%

SPIR

COM:SPIRITBLOCKCHAIN

Spirit Blockchain

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