Smart Digital Group’s Nasdaq-listed shares collapsed after the company announced plans to build a cryptocurrency asset pool focused on Bitcoin and Ethereum.

The selloff wiped out a huge chunk of market value in a single day, with the stock plunging roughly 87% on heavy volume.

Company Announcement And Missing Details

According to the firm’s press release , the plan was first disclosed in a filing that said the asset pool would emphasize “stability and transparency” and concentrate on major coins like Bitcoin and Ethereum.

The release also said more specifics — including the pool’s size and allocation — would be provided later, subject to regulatory and market conditions. Reports say that scarcity of concrete numbers left investors with little to judge.

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Smart Digital Group Anno

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