Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive

AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit from its crypto holdings after reporting $577,328 in cash at June 30.The company’s June 30 quarterly report listed 46 bitcoin, 616 ether, 6,659 solana, 1,308 BNB and smaller positions in ADA, LINK, TRX, USDT and XRP. The assets had an aggregate cost basis of $10.43 million and a fair value of $5.21 million, leaving a $5.22 million cost-to-market gap.That gap is not necessarily a new loss waiting to be recorded when the assets are sold. AIxCrypto already measures the portfolio at fair value, so any additional disposal gain or loss will depend on proceeds relative to carrying value at the sale date. The company said it made no crypto purchases or sales in the second quarter and recorded a $984,364 non-cash loss from fair-value remeasurement.The Aug. 18 filing described a planned orderly exit, not a liquidation that has begun or been completed. AIxCrypto did not disclose a timetable, a post-June 30 balance or expected proceeds. Its attached release warned that volatility, market depth, execution timing and custody constraints could cause realized proceeds to b...