MultiBank, MAG, and Mavryk Launch $3B Tokenized Real Estate Project
At the center of this initiative is the upcoming launch of the $MBG token, a utility asset that will serve as the operational backbone of MultiBank’s digital finance platform.
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At the center of this initiative is the upcoming launch of the $MBG token, a utility asset that will serve as the operational backbone of MultiBank’s digital finance platform.
This move comes as mining companies grapple with a shifting market landscape, especially following the April bitcoin halving event, which effectively reduced mining rewards and increased operational pressures across the sector.
Founder and CEO Michael Wu took part in a panel discussion at the event titled Mastering Web3 Finance and Compliance: Blockchain & Beyond, where he emphasized the region's regulatory clarity as a unique advantage.
The acquisition was funded through proceeds from the company's recent stock offerings. As detailed in the filing with the Securities and Exchange Commission (SEC), Strategy raised roughly $1.4 billion by selling around 4.02 million shares of its Class A common stock (MSTR) and an additional 435,069 shares of its 8.00% Series A preferred stock (STRK) during the same period.
Dr Altcoin points to the momentum surrounding the Consensus event and Pi Network’s ongoing development efforts — including DApp launches and regulatory steps — as key drivers for the earlier timeline. However, he cautioned that external factors, such as suspicious activity on platforms like Banxa, could introduce volatility.