Bitcoin-linked digital-credit products, designed for income, experienced significant volatility and price drops due to leveraged investors facing margin calls. Issuers like Strategy and Strive saw their preferred shares slide, highlighting risks in the nascent market.
Strategy's preferred stock (STRC) plunged to an all-time low of $82.53 on Thursday, raising investor concerns about the company's ability to manage fixed obligations. Analysts suggest a dividend hike may be imminent to support the stock price.
MicroStrategy (MSTR) shares dropped over 9% Tuesday after selling Bitcoin for the first time since 2022. Other crypto firms like Coinbase (COIN) and BitMine (BMNR) also saw declines as Bitcoin prices fell.
France-listed Capital B is asking shareholders to approve a significant capital raise, seeking authority to issue up to 5 billion euros in equity and 116 billion dollars in credit instruments to accelerate Bitcoin acquisitions. The move comes as the company continues to accumulate Bitcoin, contrasting with smaller treasury firms selling holdings.
Digital Asset Treasury (DAT) company inflows dropped to $180 million in May, the lowest since October 2024, down 95% from April. Bitcoin treasuries dominated, but also saw a sharp decline. This slowdown signals a shift away from passive 'raise-and-hold' models due to ETFs and NAV pressure.
MicroStrategy's stock fell after the company sold 32 Bitcoin, breaking its 'never sell' stance. The move signals a shift towards using BTC as a liquidity source, impacting investor perception and the company's valuation.
Nakamoto (NAKA) to undergo 1-for-40 reverse stock split to boost share price to $1+, complying with Nasdaq rules, after shares hit all-time lows (>99.5% off 52-week high) following Q1 losses tied to Bitcoin's decline.
Tether buys SoftBank's 26% stake in Twenty One Capital, a Bitcoin treasury company, deepening its influence as the firm expands into lending, mining, and capital markets.
Tether has fully acquired SoftBank's stake in Twenty One Capital (XXI), a Bitcoin-buying firm. SoftBank's departure led to the resignation of its board members and left XXI temporarily non-compliant with NYSE rules. The deal consolidates Tether's control over the venture.
La société française Capital B, anciennement The Blockchain Group, a annoncé l'achat de 192 bitcoins pour 13 millions d'euros, portant ses réserves totales à 3 135 BTC. Ces fonds proviennent de trois augmentations de capital totalisant 17,15 millions d'euros.
Nakamoto (NAKA) shares hit a new 52-week low of $0.16 after reporting a $239M Q1 net loss due to declining Bitcoin prices, despite maintaining a $404M Bitcoin treasury.
Strategy, formerly MicroStrategy, has transitioned to a Bitcoin treasury company model, holding nearly 819,000 Bitcoin worth around $65.4 billion.
Capital B raised $17.8 million from investors, including Adam Back and TOBAM, saying proceeds could help add 182 BTC to its treasury.
The Bitcoin advocate spoke up after Michael Saylor signaled that the company might sell some BTC, a major departure from the Strategy founder's previous rhetoric.
On Strategy's May 5 earnings call, Strategy CEO Phong Le said plainly that “we will sell Bitcoin when it is advantageous to the company,” with Saylor adding that Strategy would “probably sell some Bitcoin to fund a dividend just to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date, with […] The post Bitcoin treasury companies said they’d never sell – the bear market changed that fast appeared first on CryptoSlate.
On Strategy's May 5 earnings call, Strategy CEO Phong Le said plainly that “we will sell Bitcoin when it is advantageous to the company,” with Saylor adding that Strategy would “probably sell some Bitcoin to fund a dividend just to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date, with […] The post The “never sell” Bitcoin treasury trade is seriously starting to crack appeared first on CryptoSlate.
The 21Shares exchange-traded note gives U.K. investors exposure to preferred shares of top Bitcoin treasury firm, Strategy.
Strategy is shifting from passive bitcoin accumulation to actively managing balance sheet to boost bitcoin per share value.
Sequans Communications liquidated nearly half its Bitcoin treasury as mounting losses and debt obligations forced a strategic reversal.
Capital B a annoncé une levée de fonds de 1,1 million d'euros auprès d'Adam Back, renforçant sa stratégie de Bitcoin Treasury Company. L’article Bitcoin Treasury Company : Capital B lève 1,1 million d’euros auprès d’Adam Back est apparu en premier sur Journal du Coin.
K Wave Media is shifting $485 million in funding from its Bitcoin treasury strategy towards an AI infrastructure play.
K Wave Media is redirecting up to $485 million from a Bitcoin treasury strategy into AI infrastructure, alongside debt reduction and restructuring, per a Form 6-K filing.
Capital B, the French-listed Bitcoin treasury company, raised 1.1 million euros ($1.28 million) through a warrant issuance subscribed by Blockstream CEO Adam Back. Back subscribed to 10 million subscription warrants at $0.13 each, with each warrant giving the right to buy one new share at $0.98 exercise price. The deal increases Back's stake to 9.97% on a fully diluted basis, making him one of the company's largest strategic investors. Capital B is the 25th largest Bitcoin treasury company, holding 2,943 BTC worth approximately $234 million.
The biggest Bitcoin treasury company's data shows holdings are profitable, having gained about 3.3% amid Bitcoin's rally to about $78,000.
