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Monday, June 2, 2025

NewGenIvf Plans To Invest $30 Mln In Solana

 NewGenIvf Group (NIVF) announced plans to invest $30 million in staking the digital asset Solana. The investment will be funded through existing credit facilities of $26 million and $100 million with ATW and White Lion, respectively.

Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen, said: "This investment represents a natural evolution of our digital asset strategy and positions us strategically within the burgeoning digital assets space. The decision to scale our investment from our initial $1 million Bitcoin position to this substantial $30 million Solana commitment reflects our growing conviction in digital assets as a legitimate asset class."

https://www.nasdaq.com/articles/newgenivf-plans-invest-30-mln-solana

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