Malaysian technology consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. The transaction was completed with a $50 million purchase through the issuance of restricted shares to the OOB Foundation, and an additional $50 million will be bought back through the secondary market. After the transaction, Tether will become VCI Global's largest shareholder.

PANews November 12 News, according to Cointelegraph, Malaysia-based VCI Global (Nasdaq: VCIG) announced plans to purchase $100 million worth of OOB tokens and oversee the digital treasury of Singapore-based cryptocurrency payment platform OOBIT. Additionally, Tether will become VCI Global's largest shareholder through its holdings in OOBIT. It is reported that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also investors. VCI Global acquired $50 million worth of OOB tokens from the OOB Foundation by issuing company shares as payment, valuing the company at $200 million (i.e., $0.20 per token). The company plans to officially launch and then...

Golden Finance reports that Nasdaq-listed company VCI Global has announced the establishment of a sovereign-level infrastructure joint venture backed by 18,000 BTC. VCI Global will hold a 70% stake in the company. The development roadmap for the joint venture includes: exploring BTC-backed tokenization of RWA, providing sovereign-level encryption storage, building "AI GPU as a Service" infrastructure, and offering plug-and-play encryption reserve infrastructure for institutions.

Odaily News VCI Global, a Nasdaq-listed company, announced that it will conduct a $51 million convertible note offering to establish a Bitcoin treasury, with an expected allocation of $20 million for the purchase of Bitcoin, aiming to enhance capital diversification and long-term capital resilience. (Globenewswire)

Odaily News VCI Global Limited, a Nasdaq-listed company, announced that it has signed a final agreement to acquire the Malaysian licensed fund management company V Capital Fund Management Limited. It is reported that VCI Global will utilize the obtained license to launch VCIG.