09:26:13 EDT Wed 15 Oct 2025
Enter Symbol
or Name
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Dynamite Blockchain Corp
Symbol KAS
Shares Issued 291,639,600
Close 2025-10-14 C$ 0.055
Market Cap C$ 16,040,178
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Dynamite Blockchain closes acquisition of Kasya tokens

2025-10-14 19:18 ET - News Release

Mr. Akshay Sood reports

DYNAMITE BLOCKCHAIN CLOSES STRATEGIC ACQUISITION OF KASYA TOKENS

Dynamite Blockchain Corp. has completed the transaction contemplated under its asset purchase agreement, dated Oct. 2, 2025, through the acquisition of 150 million Kasya utility tokens from an arm's-length vendor. Please see the company's news release dated Oct. 2, 2025, for further information respecting the agreement and the acquisition.

Pursuant to the agreement, Dynamite has acquired 150 million Kasya tokens in exchange for 6.3 million common shares, issued at a deemed price of 7.5 cents per share, for a total deemed valuation of $472,500. The acquired Kasya tokens are fully vested at close. During the negotiation period, the market price of Kasya was approximately 0.23 U.S. cent per token, as quoted on the decentralized exchange where it trades.

As of the date of this news release, the Kasya token price was 0.25 U.S. cent, delivering an immediate uplift to corporate net asset value at close. The consideration shares are subject to resale restrictions expiring four months and one day after issuance.

"The Kasya acquisition reinforces our commitment to building a comprehensive Kaspa ecosystem," stated Akshay Sood, chief executive officer of Dynamite.

"Kasya is more than a token -- it's a cornerstone of Kaspa's AI-powered [artificial intelligence] payments layer that brings natural-language interaction to decentralized finance, aligning perfectly with our strategy to own high-utility assets", added Mr. Sood.

About Kasya

The Kasya token powers the Kasya AI ecosystem, an AI smart agent mobile platform that enables users to execute payments, verify documents, manage FX (foreign exchange) and perform on-chain actions through simple natural-language commands. Operating on the Kaspa BlockDAG network, Kasya AI bridges human intent with blockchain precision -- offering subsecond, feeless settlement. Kasya's fixed-supply tokenomics and real-world payment utility position it as a foundational layer in the growing Kaspa ecosystem.

About Dynamite Blockchain Corp.

Dynamite Blockchain is a blockchain technology and infrastructure company focused on building shareholder value through its blockchain ecosystem strategy, which comprises three primary divisions: holdings, products and services. The holdings division is the foundation, which focuses on acquiring utility-driven tokens that combine scarcity with real-world adoption and monetization. The products and services divisions are intended to drive utility into the digital assets in the holdings division by the development and acquisition of products and services that will be compatible with the digital assets in the company's holdings division. Working in strategic harmony, the vertically integrated blockchain ecosystem not only offers shareholders ownership in rare and unique digital assets but also provides them with a unique investment vehicle that has utility generation built into its business model.

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