Dominari Holdings forms crypto advisory board to support expansion

NEW YORK - Dominari Holdings Inc. (NASDAQ:DOMH), a $95.4 million market cap company that has seen its stock surge over 557% year-to-date according to InvestingPro data, announced Tuesday the formation of a new Crypto Advisory Board as part of its strategic expansion into the cryptocurrency sector.

The newly established board will provide guidance as the company pursues acquisitions and partnerships in the digital asset space. It will operate alongside Dominari’s existing broader Advisory Board, according to a company press release. The company’s strong financial position, with a current ratio of 2.51, suggests it has ample resources to pursue these initiatives.

The inaugural members include Sonny Singh, co-founder and CEO of crypto education platform Beluga, and Tristan Chaudhry, founder of Heroes of Mavia who is currently developing a decentralized exchange called Polyester.

Singh previously served as Chief Commercial Officer at BitPay, where he helped raise over $70 million from investors including Founders Fund and Richard Branson. Chaudhry is described as an early crypto investor who entered the digital asset industry in 2013.

"We believe the crypto ecosystem represents one of the most significant long-term opportunities in global finance," said Anthony Hayes, Chief Executive Officer of Dominari, in the statement.

Dominari Holdings, through its subsidiaries, currently operates in wealth management, investment banking, sales and trading, and asset management. Its principal subsidiary, Dominari Securities LLC, is a member of FINRA, MSRB, and SIPC.

The company noted that beyond organic growth, it continues to seek opportunities outside its current business areas to enhance shareholder value, including in the AI and data center sectors.

In other recent news, Dominari Holdings Inc. announced a special cash dividend of approximately $5 million, equivalent to $0.22 per share, payable to shareholders and certain warrant holders as of September 3, 2025. Additionally, Dominari Holdings has terminated its association with Resolution Minerals Ltd and Oakley Capital through its subsidiary, Dominari Securities LLC. In a significant transaction, Dominari Securities acted as the exclusive placement agent for a $100 million equity investment in SRM Entertainment, involving the issuance of Series B Convertible Preferred Stock and warrants that could potentially total $210 million if fully exercised.

Dominari Holdings is also set to join the Russell Microcap Index following the annual reconstitution of Russell US Indexes, which will take effect on June 30. This inclusion will automatically add the company to the appropriate growth and value style indexes. These developments highlight the company’s recent strategic moves and financial engagements.

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