A group of Bitcoin-focused investors is set to acquire DV8, a Thai public company involved in retail and consumer electronics, aiming to introduce the Bitcoin treasury model to Southeast Asia's public markets. The consortium plans to secure at least 75% of DV8’s registered capital via a Voluntary Tender Offer, as announced in a statement to Decrypt. The Stock Exchange of Thailand published a notice of intent regarding this acquisition. Leading the consortium is Metaplanet Inc., a Tokyo-listed firm that has adopted Bitcoin as its main treasury asset, alongside members like UTXO Management and Sora Ventures. Metaplanet's CEO, Simon Gerovich, is also an investor. The consortium's strategy reflects a growing trend where financially distressed companies are adopting Bitcoin treasury strategies, though results have varied. Experts warn that such moves can lead to instability if not managed properly, emphasizing the need for a solid financial foundation to avoid systemic risks. Read more AI-generated news on: https://app.chaingpt.org/news

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