OFA Group Enters MOU With Bitwise as Strategic Advisor for $100 Million Equity Facility to Support Cryptocurrency Treasury Management
OFA Group (Nasdaq: OFAL) has secured a significant $100 million committed equity purchase agreement with Atsion Opportunity Fund LLC, with potential expansion to $200 million. The company has partnered with Bitwise Asset Management as a strategic advisor to manage the deployment of funds primarily for cryptocurrency treasury management.
The 36-month equity facility will allow OFA to issue and sell shares to Atsion at market-based prices, subject to volume and price limitations. The proceeds will be primarily used to accumulate cryptocurrencies such as Bitcoin (BTC), Solana (SOL), or Sui (SUI), with Bitwise guiding the strategy. The initiative aims to enhance capital efficiency, portfolio diversification, and strengthen OFA's position in blockchain technology.
OFA Group (Nasdaq: OFAL) ha ottenuto un importante accordo vincolante per l'acquisto di azioni da 100 milioni di dollari con Atsion Opportunity Fund LLC, con la possibilità di estendere l'importo fino a 200 milioni di dollari. L'azienda ha collaborato con Bitwise Asset Management come consulente strategico per gestire l'impiego dei fondi principalmente nella gestione del tesoro in criptovalute.
La linea di credito azionaria della durata di 36 mesi consentirà a OFA di emettere e vendere azioni ad Atsion a prezzi di mercato, nel rispetto di limiti di volume e prezzo. I proventi saranno destinati principalmente all'acquisto di criptovalute come Bitcoin (BTC), Solana (SOL) o Sui (SUI), con Bitwise che guiderà la strategia. L'iniziativa punta a migliorare l'efficienza del capitale, diversificare il portafoglio e rafforzare la posizione di OFA nella tecnologia blockchain.
OFA Group (Nasdaq: OFAL) ha asegurado un importante acuerdo comprometido de compra de acciones por 100 millones de dólares con Atsion Opportunity Fund LLC, con posibilidad de ampliarse hasta 200 millones de dólares. La compañía se ha asociado con Bitwise Asset Management como asesor estratégico para gestionar el despliegue de fondos principalmente en la gestión del tesoro en criptomonedas.
La facilidad de capital accionario de 36 meses permitirá a OFA emitir y vender acciones a Atsion a precios basados en el mercado, sujetos a limitaciones de volumen y precio. Los ingresos se utilizarán principalmente para acumular criptomonedas como Bitcoin (BTC), Solana (SOL) o Sui (SUI), con Bitwise dirigiendo la estrategia. La iniciativa busca mejorar la eficiencia del capital, diversificar la cartera y fortalecer la posición de OFA en la tecnología blockchain.
OFA 그룹 (나스닥: OFAL)은 Atsion Opportunity Fund LLC와 함께 1억 달러 규모의 확정 주식 매입 계약을 체결했으며, 최대 2억 달러까지 확대할 가능성이 있습니다. 회사는 주로 암호화폐 재무 관리를 위해 자금 운용을 관리할 전략 고문으로 Bitwise Asset Management와 협력하고 있습니다.
36개월 기간의 주식 시설을 통해 OFA는 시장 가격을 기준으로 Atsion에 주식을 발행 및 판매할 수 있으며, 거래량과 가격 제한이 적용됩니다. 수익금은 주로 비트코인(BTC), 솔라나(SOL), 수이(SUI)와 같은 암호화폐를 축적하는 데 사용되며, Bitwise가 전략을 지도합니다. 이 이니셔티브는 자본 효율성 향상, 포트폴리오 다각화, 그리고 OFA의 블록체인 기술 내 입지 강화를 목표로 합니다.
OFA Group (Nasdaq : OFAL) a conclu un accord d'achat d'actions engagé important de 100 millions de dollars avec Atsion Opportunity Fund LLC, avec une possibilité d'extension à 200 millions de dollars. La société s'est associée à Bitwise Asset Management en tant que conseiller stratégique pour gérer le déploiement des fonds principalement pour la gestion de trésorerie en cryptomonnaies.
La facilité d'actions d'une durée de 36 mois permettra à OFA d'émettre et de vendre des actions à Atsion à des prix basés sur le marché, sous réserve de limitations de volume et de prix. Les fonds seront principalement utilisés pour accumuler des cryptomonnaies telles que Bitcoin (BTC), Solana (SOL) ou Sui (SUI), avec Bitwise guidant la stratégie. Cette initiative vise à améliorer l'efficacité du capital, la diversification du portefeuille et à renforcer la position d'OFA dans la technologie blockchain.
OFA Group (Nasdaq: OFAL) hat eine bedeutende verpflichtende Aktienkaufvereinbarung über 100 Millionen US-Dollar mit Atsion Opportunity Fund LLC gesichert, mit der Möglichkeit einer Erweiterung auf 200 Millionen US-Dollar. Das Unternehmen hat Bitwise Asset Management als strategischen Berater engagiert, um den Einsatz der Mittel hauptsächlich für das Treasury-Management von Kryptowährungen zu steuern.
Die 36-monatige Aktienfazilität ermöglicht es OFA, Aktien zu marktüblichen Preisen an Atsion auszugeben und zu verkaufen, vorbehaltlich von Volumen- und Preisbeschränkungen. Die Erlöse werden hauptsächlich für den Erwerb von Kryptowährungen wie Bitcoin (BTC), Solana (SOL) oder Sui (SUI) verwendet, wobei Bitwise die Strategie leitet. Die Initiative zielt darauf ab, die Kapitaleffizienz zu verbessern, das Portfolio zu diversifizieren und OFAs Position in der Blockchain-Technologie zu stärken.
- Secured flexible $100 million equity facility with potential expansion to $200 million
- Partnership with leading digital asset manager Bitwise for institutional-grade crypto treasury management
- 36-month duration provides long-term capital access flexibility
- Strategic diversification into digital assets could hedge against inflation
- Initiative may attract crypto-focused investors and increase trading volume
- Equity facility may lead to potential shareholder dilution
- Exposure to volatile cryptocurrency markets poses significant risks
- Implementation dependent on SEC approval of resale registration statement
- Cryptocurrency investments may face regulatory uncertainties
Insights
OFA's $100M equity facility with Bitwise guidance signals strategic crypto treasury pivot, potentially diversifying assets while maintaining access to flexible capital.
OFA Group has secured a
The key differentiator here is that proceeds won't fund traditional corporate activities but will primarily establish a cryptocurrency treasury strategy under Bitwise Asset Management's guidance. The company plans to evaluate accumulating Bitcoin, Solana, or Sui tokens while exploring yield-generating opportunities.
This facility represents a calculated financial engineering approach. Rather than deploying existing balance sheet assets into crypto, OFA is creating a mechanism to potentially dilute existing shareholders while building a crypto position. This approach contains several strategic components:
First, it provides OFA optionality - they can tap the facility opportunistically rather than committing to fixed capital deployment. Second, they're partnering with Bitwise, an established institutional crypto manager, suggesting a thoughtful approach to custody and risk management. Third, they've secured a substantial facility relative to their size, indicating high conviction in their strategy.
The move positions OFA at the intersection of public markets and crypto finance. While traditional treasury diversification into Bitcoin has been adopted by companies like MicroStrategy and Tesla, OFA's approach of using a dedicated equity facility specifically for crypto acquisition represents an evolution of this model. The strategy could enhance returns if crypto appreciates but carries significant volatility risk that should be carefully considered by investors.
OFA's move to establish a crypto treasury strategy with Bitwise's guidance represents a significant corporate pivot toward digital asset exposure. Their target assets - Bitcoin, Solana, and Sui - reveal a tiered approach: Bitcoin as the established store of value, Solana as a high-throughput smart contract platform, and Sui as an emerging layer-1 blockchain with strong institutional backing.
The company is essentially creating a pseudo-ETF structure within a public company. While this offers investors indirect crypto exposure through equity markets, it introduces complex risk considerations. First, the equity facility creates potential dilution that must be offset by crypto appreciation. Second, the facility's pricing mechanism based on "prevailing market conditions" could lead to suboptimal entry points if markets become volatile.
Bitwise's involvement as advisor provides institutional credibility. As one of the larger digital asset managers with experience in crypto index products, they bring treasury management expertise that should help OFA navigate custody solutions, security protocols, and potentially staking/yield opportunities.
OFA positions this as a treasury management strategy rather than a speculative investment, aligning with the narrative used by other public companies entering the space. Their mention of "yield and income-generating strategies" suggests they may pursue staking, lending, or other DeFi mechanisms to generate returns beyond price appreciation.
Most notably, this move represents another public company seeking to diversify treasury holdings beyond traditional assets. While MicroStrategy pioneered the Bitcoin treasury strategy, OFA's approach includes multiple tokens and active management, potentially signaling an evolution in how public companies approach digital asset exposure.
Equity Facility to provide flexible capital access in support of digital asset accumulation and long-term growth initiatives
Los Angeles, CA, July 15, 2025 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL) (“OFA” or “the Company”), an integrated architecture and technology firm, today announces it has entered into a committed equity purchase agreement with Atsion Opportunity Fund LLC – Series 1 for up to
Under the terms of the agreement with Atsion, OFA will have the right to issue and sell ordinary shares to Atsion over a 36-month period at prices based on prevailing market conditions, subject to certain volume and price limitations. To facilitate sales under the equity facility, OFA will file a resale registration statement to cover the resale of the shares issued to Atsion under the agreement. Sales under the equity line program cannot begin until the resale registration statement is declared effective by the U.S. SEC. Proceeds from the equity line, if any, will be allocated primarily to support OFA’s cryptocurrency treasury strategy, which, under Bitwise’s guidance, we expect will initially evaluate the strategic accumulation of Bitcoin (BTC), Solana (SOL), or Sui (SUI), as well as exploring yield and income-generating strategies as contemplated in the Bitwise collaboration.
Strategic Rationale and Shareholder Value Creation
OFA’s management believes that establishing a crypto treasury delivers a range of compelling long-term benefits:
- Capital Efficiency: Deploying excess equity capital into digital assets enhances the Company’s return on capital while maintaining liquidity and balance sheet strength.
- Portfolio Diversification: Crypto assets offer a differentiated return profile and act as a strategic hedge against inflation and fiat currency debasement.
- Innovation Leadership: By aligning its capital strategy with emerging financial technologies, OFA strengthens its position as a technology-forward public company operating at the intersection of architecture, AI, and blockchain.
- Investor Engagement: The initiative positions OFA to attract a broader base of investors—including crypto-focused funds, next-generation retail investors, and Web3 advocates—thereby increasing trading volume and shareholder visibility.
- Strategic Optionality: A crypto treasury unlocks new pathways for product innovation, on-chain asset tokenization, smart contract-enabled architecture services, and blockchain-based collaborations.
OFA Group COO Thomas Gaffney commented, “OFA’s collaboration with Bitwise as a strategic advisor to steward our capital deployment marks an important milestone for OFA’s long-term growth strategy. We expect this equity line facility to meaningfully enhance our capital flexibility as we look to execute a disciplined, high-conviction treasury management approach and expand our institutional presence in the digital asset ecosystem. With Bitwise’s guidance, we intend to deploy capital opportunistically while maintaining balance sheet strength and aligning every treasury allocation with shareholder value creation.”
Further details regarding the equity facility and OFA’s collaboration with Bitwise will be disclosed in a forthcoming Form 6-K filing with the U.S. Securities and Exchange Commission.
IB Capital LLC, an affiliate of I-Bankers Securities Inc., acted as placement agent in connection with the
Winston & Strawn LLP acted as counsel to investor, Atsion Opportunity Fund LLC – Series 1.
Ellenoff Grossman & Schole LLP acted as counsel to the Company.
About OFA Group
OFA Group, through its wholly owned operating subsidiary, Office for Fine Architecture Limited, provides comprehensive architectural services, including design and fit out services for commercial and residential buildings. The Company’s mission is to leverage its expertise in architectural design to maximize the potential of every property, ensuring that its unique attributes are highlighted and enhanced. At the forefront of architectural innovation, the Company is developing proprietary AI technologies that aims to enhance the Company’s architectural design services by integrating cutting-edge artificial intelligence with human expertise. The Company is committed to innovation, efficiency, and scalability at the intersection of architectural excellence and technological advancement. https://investor.ofacorp.com/
Forward Looking Statements
Except for historical information contained herein, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about the Company’s expectations regarding the equity facility and timing thereof, expected gross proceeds and expected use of proceeds, including the Company’s strategic rationale and the Company’s ability to create value for its shareholders. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including risks and uncertainties related to the Company’s ability to register for resale the ordinary shares for issuance in the equity facility, the Company’s ability to raise capital from the equity facility in accordance with the terms of the purchase agreement (including the Company’s ability to satisfy the closing for selling shares to Atsion), the Company’s ability to utilize the proceeds from the equity facility in the manner contemplated, the cryptocurrency market generally, including as it relates to the value of cryptocurrencies and the regulatory treatment of cryptocurrencies, and those other factors described in our risk factors set forth in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 20-F. We undertake no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law.
Investor & Media:
CORE IR
(212) 655-0924
info@ofacorp.com
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