Bangkok: XBIO has entered into a Memorandum of Understanding (MOU) with Aether Holding Inc., a US-based Nasdaq-listed company, to explore a "BitCoin Treasury Strategy," marking a pioneering move in Thailand's financial landscape. The initiative aims to manage XBIO's treasury using Bitcoin, offering investment opportunities through share purchases, capital increases, and convertible bonds to attract foreign capital and strengthen its financial innovation business. The company emphasizes that this is not a backdoor listing and plans to consult with the Securities and Exchange Commission (SEC) on legal matters.
According to Thai News Agency, Ms. Saowanee Khao-ubon, Acting CEO of X Bioscience Public Company Limited, announced the signing of the MOU on September 24, 2025, with Aether Holding Inc. The collaboration seeks to develop a "BitCoin Treasury Strategy," focusing on managing a portion of XBIO's funds in Bitcoin. Aether Holding will offer guidance on structuring and managing digital assets, with both parties agreeing to conduct joint due diligence while maintaining confidentiality.
The potential investment could include private placements, convertible bonds, or other mutually agreed options. The MOU, effective from the signing date, grants Aether Holding exclusive negotiating rights. If an agreement is reached, it will significantly enhance XBIO's access to international funding and boost its growth potential in financial innovation.
Ms. Saowanee highlighted that the MOU represents a feasibility study, with further steps contingent on its viability. Legal clarification is awaited, and the company plans to send an inquiry to the SEC and other relevant agencies. She reiterated that this is not a backdoor listing, ensuring that it adheres to traditional listing procedures.
Aether Holding Inc., known for its financial investment and data management system development, aims to create a financial market data analysis platform using AI technology and the SentimentTrader.com system. Under the leadership of Mr. Nicolas LIN, the company recently invested 40 million USD in additional shares, with a significant portion allocated to Bitcoin as a treasury asset.
Looking ahead, Aether Holdings intends to expand its revenue through its financial analysis platform and investment media businesses, develop a data center to support its digital asset operations, and bolster its Bitcoin reserves to mitigate market volatility.