According to Wu, a certain company announced the pricing and signed a private sale agreement to purchase and sell 55,555,556 shares of common stock at a price of $4.50 per share, with total proceeds expected to be around $250 million, net of placement agent fees and other issuance expenses, to implement an Ethereum financial strategy. This transaction is led by a certain investment institution, with participation from several other institutions. The issuance is expected to occur on July 3, 2025.