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Sidoti & Company published an update note on TNL Mediagene Inc. (TNMG) highlighting the company’s digital asset treasury strategy announcement, according to a press release statement.
The Tokyo-based digital media company announced its digital asset treasury strategy as part of its balance sheet approach to enhance acquisition flexibility and long-term resilience. TNL Mediagene operates digital media brands across Japan, Taiwan, and Hong Kong in Japanese, Chinese, and English languages.
"Historically, TNMG has used disciplined M&A and integration to build scale and efficiency. The DAT Strategy now adds a balance sheet dimension aimed at enhancing flexibility for future acquisitions and improving long-term resilience," Sidoti analyst Daniel Harriman wrote in the research note.
Harriman cited Japan’s regulated cryptocurrency market and pending tax reforms that would reduce crypto gains taxation to 20% by fiscal year 2026 as factors supporting the strategy. The reforms would create a more favorable environment for digital assets in Japan.
Sidoti initiated research coverage of TNL Mediagene in July 2024. The financial services firm specializes in equity research for companies with market capitalizations between $50 million and $5 billion.
TNL Mediagene was formed in May 2023 through the merger of Taiwan’s The News Lens Co. and Japan’s Mediagene Inc. The company employs approximately 500 people across Asia and offers AI-driven advertising services, marketing technology platforms, and e-commerce solutions alongside its media operations.