tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Diveroli Investment Group acquires 9.9% stake in Ayro

Diveroli Investment Group announced it acquired a 9.9% ownership stake in AYRO (AYRO). The move reflects DIG’s optimism in AYRO’s recently announced strategic review, which includes exploration of digital asset initiatives focusing on the foundational technology of crypto-based stablecoins. The announcement also follows the passage of the GENIUS Act – signed into law on July 18 – which provides regulatory clarity and institutional legitimacy for stablecoins, paving the way for their adoption as core infrastructure in U.S. financial and treasury systems. “We view AYRO as a small but well-positioned potential next player following in the footsteps of a company like Circle – cash-heavy, debt-free, and leading the way in digital financial infrastructure development,” said Aharon Diveroli, Chief Investment Officer at DIG. “Our exposure to proprietary stablecoin infrastructure through other holdings may present a clear roadmap should management be interested in consulting with us.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1