NewGenIVF Increases Stake in K25.ai to 6%
NewGenIVF Group announced it has exercised its top-up option to acquire an additional 4% equity interest in AI-native livestreaming prediction market platform K25.ai, raising its total holding to 6%. The additional $4M investment, which supplements an initial $2M investment announced in May, is split evenly between cash and newly issued NewGen Class A ordinary shares. With the additional investment, NewGen is formally adopting a Digital Asset Treasury strategy. NewGen intends to selectively acquire and hold high-quality digital assets, including Bitcoin and Solana, as part of a disciplined long-term reserve strategy focused on balance sheet resilience and strategic asset growth. NewGen plans to invite K25.ai founder and CEO Andy Cheung, together with two other K25.ai co-founders, to join the company's board of directors. NewGen's 6% stake in K25.ai is valued at approximately $6M, already exceeding the company's market capitalization as of June 3. NewGen also retains an option to acquire a further 4% of K25.ai, which would lift its total holding to 10%.