This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash
The June 30 filing puts $4.118 million of Bitcoin at the center of an unresolved going-concern problem. The post This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash appeared first on CryptoSlate.
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Nakamoto faces $60 million debt maturity after selling 600 Bitcoin
Bitcoin treasury company Nakamoto faces a balance-sheet test as 60 million USDT of debt matures in December. In June, the firm sold 600 BTC to reduce its credit facility to 165 million USDT. However, Nakamoto holds only $19.1 million in cash and 662 unencumbered BTC, totalling $57.8 million in free reserves. With 3,805 BTC locked as collateral on Kraken, the company remains highly vulnerable to market volatility before its December deadline.
How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting
The rule is not operative, but Greenlane’s disclosed share count implies a steep price hurdle if the stay is lifted. The post How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting appeared first on CryptoSlate.
The SEC meeting that wasn't: State of Crypto
There were hopes that regulators could move if the Clarity Act didn't advance, but those, too, may be paused.