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Immutable Holdings Inc. (Cboe Canada: HOLD; OTCQB: IHDLF) announced management changes and disclosed its digital asset treasury holdings, according to a company statement.
The blockchain holding company appointed Melyssa Charlton as interim chief executive officer, effective immediately. Charlton previously served as interim chief financial officer since November 2021 and is a chartered professional accountant with experience in public accounting across multiple industries.
William "Billy" Baxter was named interim chief financial officer. Baxter previously led corporate development and operations at the company and worked as a director at Mitsubishi UFJ Financial Group, focusing on fintech and blockchain investments.
Jordan Fried, who previously held the CEO role, remains as chairman and stakeholder of the company.
The company disclosed that its subsidiary Immutable Asset Management LLC currently holds over 48 million HBAR tokens, the native cryptocurrency of the Hedera network. The company stated it may increase exposure to HBAR or other digital assets depending on capital priorities and market conditions.
Immutable Asset Management previously operated the Immutable HBAR Opportunity 1 Fund, which completed distributions to investors in fall 2024 before being dissolved. The subsidiary received a performance allocation in HBAR from that fund.
"We believe Hedera has laid the groundwork for institutional-grade blockchain infrastructure," Fried stated in the announcement.
The Vancouver-based company operates multiple digital asset businesses including HBAR Labs, NFT.com, and 1-800-Bitcoin. The company describes its strategy as combining business development opportunities in the digital asset ecosystem with digital asset treasury management.