#treasury companies
3 stories
Markets2d ago
StablecoinX Pushes $6.9M of Defaulted SPAC Debt Into Future Equity Instead of Cash
The Ethena-linked treasury company will settle old notes with about $344,000 in cash and warrants for roughly 7.6 million shares — dilution deferred, not avoided.
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Markets2d ago
Strategy's $66B Bitcoin Machine Runs on Capital Markets, Not Bitcoin's Price
A stress test finds BTC would need to fall 96% to threaten the convertible notes — but $1.76 billion a year in interest and dividends has to be paid regardless.
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Markets3d ago
Strive's Stock Jumps 7% After Its Biggest Bitcoin Buy in Months — 1,110 BTC at $73,409
The Dallas asset manager's treasury now holds 21,356 coins. Notably, it paid up: this buy landed well above the low-$60,000s it averaged all summer.
The Latest Desk