TechFlow, on August 2, NASDAQ-listed company ATA Creativity Global (Nasdaq: AACG) announced it has signed an agreement with Baby BTC Strategic Capital, led by Babylon Foundation as the LP. The latter will acquire controlling interest in ATA for a total of $100 million, including $30 million in new shares and $70 million in warrants, and will restructure the board of directors.
ATA will transform into the world's first publicly listed platform dedicated to the BTCFi ecosystem, deepening collaboration with the Babylon project (currently staking 45,000 BTC). The company will also conduct large-scale purchases of Baby tokens, targeting Baby's circulating market capitalization of over $100 million, establishing a dual-track model of "BTCFi infrastructure + Baby token reserves," bridging compliant pathways between crypto and traditional finance.
