M2i Global announes strategic initiative for blockchain technology

M2i Global (MTWO) announced a strategic initiative to adopt blockchain technology and plans to form of a separate company called “Ethereum Reserve.” This move will position M2i at the forefront of the rapidly evolving financial industry landscape, as it will hold a meaningful equity position in Ethereum Reserve, which will be synergistic, complementary and part of its ecosystem. M2i’s ecosystem provides partners with access to turnkey solutions, facilitating expanded business opportunities, securing offtake agreements, influencing strategic government policy, engaging with aligned NGOs, and trusted laboratories. M2i will seed invest and hold a meaningful equity position in a newly formed company called Ethereum Reserve. The new company will seek to become publicly traded company and Ethereum development company. It plans to use its cash flows and proceeds from financings to accumulate Ethereum, which it will hold as its primary treasury reserve asset. Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Blockchain for Immutable Traceability: The implementation of a blockchain-based system to record each step in the mineral supply chain, from extraction through transportation and processing, creates an unalterable digital ledger. Blockchain’s transparency and immutability provide a trusted record, assuring stakeholders of mineral origins, ethical sourcing, and compliance with national defense requirements. This unalterable record will strengthen M2i’s value add in sourcing, tracking and tracing critical minerals throughout its global supply chain. M2i’s previously announced strategic partnership with Komodo Capital will play a key role in the creation, management and funding of the Ethereum Reserve. Komodo Capital’s relationships span many years and range across more than 25 mineral asset and mining companies in Australia. In its evaluation of various blockchain platforms, M2i identified Ethereum as the clear frontrunner in the programmable blockchain space. Ethereum’s uptime resilience relative to other notable blockchains, adaptability to meet changing competitive landscapes, and globally leading developer ecosystem have set it apart in a highly volatile and competitive industry. The recent clarification from the U.S. Securities and Exchange Commission regarding Ethereum’s status as a non-security has been a pivotal moment for institutional investors such as ourselves. This regulatory clarity has enabled us to finally act on how we want to engage with blockchain technology. While specific details of M2i’s and Ethereum Reserve’s comprehensive blockchain strategy will be unveiled in the coming quarter, the firm has already taken significant steps to understand the strategy and legal structure of entities such as MicroStrategy.