report, Nasdaq-listed company ATA Creativity Global (Nasdaq: AACG) announced signing an agreement with Baby BTC Strategic Capital, a special fund led by the Babylon Foundation, which will take controlling stake in ATA with a total of $100 million, including $30 million in new shares and $70 million in warrants, and will restructure the board of directors.
Additionally, ATA will transform into the world's first listed platform focused on the BTCFi ecosystem, deeply collaborating with the Babylon project (currently staking 45,000 BTC). The company stated that it plans to expand its Bitcoin staking business, purchase native tokens of the Babylon ecosystem, and invest a portion of its earnings in Bitcoin. The company plans to continue purchasing these assets through future stock and convertible bond issuances.
