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AIxCrypto shares surge 163% after liquidating crypto holdings
The company said its cryptocurrency portfolio had a fair value of about $5.2 million as of the end of the second quarter, and it plans to redeploy that capital into RoboShare, a robotics-sharing marketplace tied to Faraday Future.
AIxCrypto Holdings (NASDAQ: AIXC) saw its shares jump 163% after the company announced it would liquidate its cryptocurrency portfolio and redirect the proceeds into RoboShare, a robotics-sharing marketplace linked to Faraday Future, MarketBeat Ratings reported.
The report said the shift comes as AIxCrypto moves away from a passive digital asset strategy toward an asset-light robotics model. It described the change as a structural business repositioning designed to fund commercialization efforts rather than hold dormant crypto assets.
Trading activity surged as well, with AIxCrypto trading 64.19 million shares at the time referenced in the report, far above its typical daily volume and historical 30-day averages.
MarketBeat Ratings added that the company’s crypto portfolio had a fair value of roughly $5.2 million at the end of the second quarter, and the redeployment toward a tangible, revenue-generating operation is meant to alter how the market values the business.
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