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AIxCrypto plans orderly exit from crypto holdings after heavy cash burn

At June 30, its crypto portfolio had a $5.2 million fair value versus $10.4 million cost basis, while the company reported an accumulated deficit of $150.3 million.

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AIxCrypto Holdings, a Nasdaq-listed firm, said it plans an orderly exit from its crypto holdings after reporting cash constraints and a continuing deterioration in its digital-asset treasury. In its June 30 quarterly report, the company listed 46 bitcoin, 616 ether, 6,659 solana, 1,308 BNB, and smaller positions in ADA, LINK, TRX, USDT and XRP. The assets had an aggregate cost basis of $10.43 million and a fair value of $5.21 million, leaving a $5.22 million cost-to-market gap. AIxCrypto said it made no crypto purchases or sales in the second quarter and recorded a $984,364 non-cash loss from fair-value remeasurement.

The filing emphasized that the company is not disclosing a timetable or expected proceeds, and it warned that volatility, market depth, execution timing and custody constraints could result in realized proceeds materially below carrying value. The sale plan follows a period of rapid liquidity decline, including $7.94 million of cash used in operations during the first half and an accumulated deficit of $150.3 million at June 30.

AIxCrypto also pointed to limited operating scale, noting no recurring operating revenue and describing “substantial doubt” about its ability to continue as a going concern. The company said it recorded $2.11 million of digital-asset dispositions in the first quarter, along with a $1.95 million net loss on the portfolio and $4.50 million of operating cash use during that period, while a separate June financing agreement remains conditional and not committed.

Latest closeBitcoin $69,244.78 ▲7.1%|Solana $85.29 ▲10.7%|XRP $1.104 ▲10.2%

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