SIX holding’s 10.5 percent stake in Worldline has significantly decreased in value following disappointing sales figures and cautious guidance, with shares dropping nearly 17 percent. The French payment service provider reported minimal organic revenue growth and substantial declines in adjusted EBITDA, net profit, and free cash flow. A new CEO, Pierre-Antoine Vacheron, is set to take over on March 1, aiming to present a detailed strategy for recovery in 2025.
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0 posts last weekNuvve Incorporates Bitcoin as Strategic Reserve Asset for Future Growth
Nuvve has adopted Bitcoin as a strategic reserve asset, committing 30% of its excess cash to BTC purchases, aiming to enhance payment options for clients and reduce transactional friction. The company, known for its vehicle-to-grid technology, reported a profit of $1.92 million and cash reserves exceeding $325,000. This move aligns with a growing trend among corporations to stockpile Bitcoin as a safeguard against inflation and economic uncertainty.
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