Bifogade filer
Tangiamo Touch considers investment in Bitcoin as part of the company's long-term reserve strategy
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Nordic SME Sweden |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
The Board of Directors of Tangiamo Touch Technology AB (publ) (NGM Nordic SME: TANGI) ("Tangiamo" or "the Company") announces today that the Company intends to evaluate and potentially initiate investments in Bitcoin (BTC) as part of a long-term strategy to strengthen the group's financial preparedness through an alternative reserve asset.
Tangiamo Touch has an overall goal to achieve consolidated revenues of between 100 and 130 MSEK through 2026. As part of the Company's strategic planning, the board is now reviewing how portions of future surplus liquidity can be allocated in a way that is both sustainable and creates long-term value.
"We see Bitcoin as a potential complement to traditional assets, particularly in times of increased inflation and financial uncertainty. Bitcoin has evolved into a global, liquid and regulated asset class, and just as our AI- and Web3-driven gaming products represent the future, we want our balance sheet to be equally modern," says Chris Steele, CEO of Tangiamo.
The evaluation encompasses four main areas:
- Risk and volatility scenarios linked to different allocation levels to ensure liquidity needs
- Regulatory and accounting issues according to MiCA, MAR as well as K3/IFRS to guarantee full regulatory compliance
- Custody and security solutions with focus on insured cold-custody within the EEA for maximum security
- Internal governance and reporting including clear mandates and information obligations toward the board, auditor and market.
Several factors make this the right time for the evaluation. In May, H100 Group AB became the first Swedish listed company with a Bitcoin treasury strategy, a milestone for the Nordic market. Now, with the EU's MiCA regulation fully implemented and the US federal stablecoin legislation on the way, there are clear signs that the regulatory landscape has matured sufficiently to make the Company's evaluation meaningful.
Bitcoin is characterized by high price volatility, potential write-down obligation according to K3/IAS 38, certain regulatory uncertainty as well as issues connected to energy usage. These factors will be carefully considered and weighed against the potential benefits before an investment decision is made.
The board expects a complete basis for decision making in the third quarter of 2025. If the investment is deemed appropriate, a decision will be made no later than the fourth quarter of 2025, whereby the market will be immediately informed of the decision and purchase of Bitcoin in accordance with MAR.