Street Calls of the Week
LONDON - Vault Ventures Plc (AQSE:VULT) has sold its entire Solana (SOL) holdings, generating a profit of approximately £96,000 ($130,000), the London-based technology company announced Thursday.
Following the disposal, Vault now holds only Ethereum (ETH) in its treasury, with current holdings of 818.85 ETH valued at approximately £2.6 million.
The company plans to allocate proceeds from the Solana sale toward developing its proprietary AI products, including vSignal.ai and other pipeline projects, according to the statement based on a press release.
Vault also confirmed the appointment of Lucas Perraudin as a Non-executive Director, effective immediately. Perraudin brings over 25 years of experience in commerce, technology, and data, having previously advised global enterprises including L’Oréal, LVMH, and Lenovo on AI adoption through AI Partners SAS.
"The disposal of our SOL holdings and Lucas’ appointment go hand in hand as we intend to allocate the proceeds towards expediting the development of vSignal.ai and other products in our pipeline," said Brian Stockbridge, Chairman of Vault Ventures.
Perraudin currently holds directorships at Mula Digital Limited, AI Partners SAS, and AI To Market Ltd. As of the announcement date, he has no beneficial interest in Vault Ventures.
Vault Ventures describes itself as a technology development company focused on building and commercializing proprietary products in the blockchain, AI, and fintech sectors through its operating subsidiary, System7.
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