[ad_1]
NewGen, a Nasdaq-listed tech-forward multi-jurisdictional firm, has entered into a purchase order take care of White Lion Capital to accumulate 600,000 Solana tokens.
Abstract
- Nasdaq-listed NewGenIVF Group will purchase 600,000 SOL from White Lion Capital.
- The businesses’ buy deal doesn’t contain money.
- NewGenIVF holds 13,000 SOL valued at $2.5 million.
NewGenIvf Group Restricted introduced the event on October 31, 2025, noting the corporate had signed a binding time period sheet with White Lion.
The corporations’ digital belongings buy settlement outlines a dedication that may permit NewGen to accumulate 600,000 Solana (SOL) tokens, value round $110 million on the time.
NewGen to get Solana for shares
The time period sheet provides NewGen the choice to promote shares of its widespread inventory to White Lion in change for SOL, with this selection open for an preliminary 24-month interval. That implies that a suggestion of firm shares will see White Lion hand over tokens of equal worth and never money.
“This groundbreaking settlement with White Lion represents one other key improvement in NewGen’s evolution as a forward-thinking, diversified enterprise,” Siu Wing Fung Alfred, founder and chief government officer of NewGen famous.
He added:
“By structuring this progressive association to obtain Solana tokens reasonably than conventional money compensation, we aren’t solely strengthening our digital asset treasury but in addition demonstrating our unwavering confidence in the way forward for blockchain expertise and decentralized finance.”
SOL will kind a key a part of the corporate’s, with NewGen trying to faucet into development alternatives round digital belongings, the chief famous.
NewGen joined the digital asset technique arms race in December 2024, taking an preliminary $1 million dive with a crypto portfolio.
In June 2025, it launched its treasury technique, revealing plans to place $30 million into Solana. The corporate is utilizing this settlement to bolster its Solana treasury technique, which at present stands at 13,000 SOL valued at roughly $2.5 million.
In response to information from CoinGecko, ten of the biggest Solana treasury corporations at present maintain a complete of 15,741,661 SOL, valued at over $2.9 billion. Prime SOL public holders are Ahead Industries, Solana Firm, DeFi Improvement Corp., and Upexi.
[ad_2]
