Actelis Networks Approves New Cryptocurrency Treasury Strategy
In a significant move, Actelis Networks, Inc. (NASDAQ: ASNS), a leader in cyber-hardened networking solutions for IoT and broadband, has revealed that its Board of Directors has endorsed a novel treasury management approach. This strategy involves the allocation of corporate funds towards cryptocurrencies as part of a comprehensive capital allocation framework. The Board has given the green light for management to diversify the Company’s treasury assets through selective investments in well-established digital currencies that adhere to specific criteria. These criteria include cryptocurrencies that are ranked among the top 100 by market capitalization, are traded on major exchanges, and possess a minimum market capitalization of $500 million. This strategy aims to enhance financial flexibility while exploring opportunities for long-term capital growth.
CEO Comments on Strategic Enhancements
Tuvia Barlev, Chairman and CEO of Actelis, emphasized that this strategic refinement in treasury management underscores the Company’s dedication to fostering long-term shareholder value via prudent diversification of its balance sheet. “After a comprehensive evaluation of available options and observing the increasing institutional acceptance of digital assets, our Board and management team have concluded that a calculated investment in established cryptocurrencies will positively impact our capital deployment initiatives while adhering to necessary risk management protocols,” he stated.
Complementing Core Business Areas
This cryptocurrency treasury strategy aligns with Actelis’ ongoing commitment to its primary business in networking solutions, which spans Federal/Military, Smart City/Intelligent Transportation, and Multi-Dwelling Unit markets. The Company plans to execute this strategy in a balanced manner, ensuring that it maintains sufficient working capital for operational needs while continuing to invest in growth opportunities within its core business sectors.
About Actelis Networks
Actelis Networks, Inc. (NASDAQ: ASNS) stands out as a frontrunner in providing hybrid fiber-copper, cyber-hardened networking solutions tailored for quick deployment in extensive IoT applications. These applications serve various sectors, including government, intelligent transportation systems, military, utilities, rail, telecommunications, and campus networks. The innovative offerings from Actelis promise fiber-grade performance combined with the adaptability and cost-effectiveness of hybrid fiber-copper infrastructures. Moreover, through its “Cyber Aware Networking” initiative, the company delivers AI-driven cyber monitoring and protection for all edge devices, significantly enhancing network security and resilience.
Forward-looking Statements
This announcement includes forward-looking statements as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are identified by terms like “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project,” and similar phrases that indicate potential future outcomes. These forward-looking statements encompass the anticipated implementation of the Company’s cryptocurrency treasury strategy and its expected benefits. All forward-looking statements are applicable only as of the date of this release, and reliance on them should be approached with caution. While the Company believes that its plans and expectations are reasonable, there is no guarantee that these plans will come to fruition. Forward-looking statements carry inherent risks and uncertainties, some of which are beyond the Company’s control, and actual results may vary significantly from those projected. The trading price of the Company’s common stock may also experience considerable fluctuations. Additionally, these statements are influenced by risk factors outlined in the Company’s filings with the U.S. Securities and Exchange Commission. Except as mandated by law, there is no obligation to publicly update or revise any forward-looking statements following the date they were made or to reflect the occurrence of unforeseen events.
