Clarification on Hivello Buy-Back Announcement

LONDON and AMSTERDAM, July 04, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB:MATEF) (FSE: 8MH1) ("Blockmate" or the "Company") announces a clarification following the recent news regarding the buy-back of 13.5 million $HVLO tokens under the Hivello Buy & Burn initiative.

The Company wishes to clarify that the buy-back was executed by the HVLO Association, not Hivello Holdings, as previously referenced.

The HVLO Association is the entity responsible for managing the $HVLO token economy and overseeing initiatives that drive long-term value for the Hivello community.

This clarification does not affect the scope or outcome of the buy-back. The 13.5 million $HVLO tokens have been permanently removed from circulation, in line with the Association's commitment to reducing token supply and optimizing the value of the ecosystem.

About Blockmate Ventures Inc.

Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello ...