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Cryptocurrency asset reserves cool down, ReYuu Japan terminates the $100 million financing framework agreement with Universal Digital
Deep Tide TechFlow News, May 18th, according to NADA NEWS reports, Japan’s Tokyo Stock Exchange listed company ReYuu Japan announced that after negotiations, they have terminated the basic agreement reached with Canadian investment firm Universal Digital Inc. regarding a financing framework of up to $100 million (approximately 15 billion yen).
The agreement was originally intended to advance their external financing arrangement related to their cryptocurrency asset reserve (DAT) strategy, but it was not an official loan contract, and the financing framework had not been established or actual borrowing completed. ReYuu Japan stated that the current capital market environment for listed companies implementing cryptocurrency asset reserve strategies has changed, with investor attitudes becoming more cautious; this termination does not mean their cryptocurrency asset reserve strategy has been halted, and they will continue to evaluate based on market conditions, financial stability, and shareholder value.