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Forum Markets Pivots to Real-World Assets After Ether Sell-Off

Forum Markets reported second-quarter revenue of $1.4 million, a sharp sequential decline driven by the company’s strategic exit from digital asset staking. The Nasdaq-listed firm, which sold the bulk of its Ether holdings in March, is now aggressively redeploying capital into commercial aviation and AI infrastructure.

Forum Markets Pivots to Real-World Assets After Ether Sell-Off
Photo: Bio & News

The company’s shift toward cash-generating assets is reflected in its recent capital allocation. During the second quarter, Forum Markets repurchased 7.1 million shares—roughly 35% of its outstanding stock—at an average price of $4.42 per share. Chairman and CEO McAndrew Rudisill characterized the buyback as a deliberate move to capitalize on internal valuations rather than immediate asset expansion.

Following the quarter's end, the firm deepened its commitment to the aviation sector by deploying $23.7 million to acquire two additional commercial aircraft engines. These assets, now part of a five-engine portfolio under long-term lease to major U.S. carriers, are intended to provide the stable, contracted revenue streams the company lacked during its previous digital asset focus. While the firm reported a net loss of $12.4 million for the second quarter, management emphasizes that the results offer a cleaner view of the company’s evolving expense structure. Forum Markets maintains its full-year 2026 revenue guidance of $18 million to $22 million, with expectations that growth will be back-weighted as new AI infrastructure investments begin to contribute to the bottom line.

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