NewGen to acquire 600,000 Solana tokens in purchase deal with White Lion
NewGen, a Nasdaq-listed tech-forward multi-jurisdictional company, has entered into a purchase deal with White Lion Capital to acquire 600,000 Solana tokens.
- Nasdaq-listed NewGenIVF Group will acquire 600,000 SOL from White Lion Capital.
- The companies’ purchase deal does not involve cash.
- NewGenIVF holds 13,000 SOL valued at $2.5 million.
NewGenIvf Group Limited announced the development on October 31, 2025, noting the company had signed a binding term sheet with White Lion.
The firms’ digital assets purchase agreement outlines a commitment that will allow NewGen to acquire 600,000 Solana ( SOL ) tokens, worth around $110 million at the time.
NewGen to get Solana for shares
The term sheet gives NewGen the option to sell shares of its common stock to White Lion in exchange for SOL, with this option open for an initial 24-month period. That means that an offer of company shares will see White Lion hand over tokens of equivalent value and not cash.
“This groundbreaking agreement with White Lion represents another key development in NewGen’s evolution as a forward-thinking, diversified enterprise,” Siu Wing Fung Alfred, founder and chief executive officer of NewGen noted.
He added:
“By structuring this innovative arrangement to receive Solana tokens rather than traditional cash compensation, we are not only strengthening our digital asset treasury but also demonstrating our unwavering confidence in the future of blockchain technology and decentralized finance.”
SOL will form a key part of the company’s, with NewGen looking to tap into growth opportunities around digital assets, the executive noted.
NewGen joined the digital asset strategy arms race in December 2024, taking an initial $1 million dive with a crypto portfolio.
In June 2025, it launched its treasury strategy, revealing plans to put $30 million into Solana . The company is using this agreement to bolster its Solana treasury strategy, which currently stands at 13,000 SOL valued at approximately $2.5 million.
According to data from CoinGecko, ten of the largest Solana treasury companies currently hold a total of 15,741,661 SOL, valued at over $2.9 billion. Top SOL public holders are Forward Industries, Solana Company, DeFi Development Corp., and Upexi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
